India-based renewables developer Avaada Group has raised US$1 billion from asset owner Brookfield Renewable to fund the growth of its renewable energy platform in India.
Italian utility Enel’s US subsidiary Enel North America has said that Oklahoma is the favourable location for its planned 3GW US cell and module manufacturing facility.
US residential solar installer Sunnova posted an improved adjusted EBITDA of US$14.6 million in the first quarter of 2023, while it is expecting a year-on-year increase of up to 114% in its adjusted EBITDA this year.
US-based solar tracker company Nevados has partnered with independent power producer (IPP) Energix Renewables to supply trackers, that can be used on challenging slopes, in three solar power plants.
Spanish utility Iberdrola has already begun construction or entered into operation 60% of its new capacity investments by 2025 at the end of the first quarter of 2023.
The contract for the world’s first offshore floating solar farm has been awarded to offshore specialist Oceans of Energy for a project in the North Sea off the coast of the Netherlands.
Microinverter supplier Enphase Energy is expected to ship 100MWh of batteries in the current quarter with the gross margin reaching more than 40%, while its net income in the first quarter of 2023 increased by 183.4% year-on-year.
NextEra Energy Resources, the clean energy business subsidiary of NextEra Energy, added around 2,020MW of renewables and storage assets to its backlog in Q1 2023 in a strong first quarter for the company.
