News

PV balance of system (BOS) solutions provider Shoals Technologies is expected to continue its growth this year thanks to the increased demand for its new products, while its adjusted EBITDA in 2022 increased by more than 47.8% year-on-year, according to the latest financial results.

Solar tracker manufacturer Soltec posted net profits of €13.1 million (US$13.9 million) for the year 2022, a €14 million increase on 2021 which saw a €1.2 million loss for the company.  

Solar developer Heelstone Renewable Energy has closed a US$175 million credit facility with investment company BlackRock.

Solar developer Lightsource bp has received environmental approval for 19 solar PV projects across four regions in Spain.

Solar and energy storage project development company Savion has signed an agreement to buy 2.6GWdc of modules from First Solar.

Major renewable energy company EDF Renewables has acquired 529MWp of solar PV development portfolio from solar developer MEC Energy in Germany.

JA Solar intends to fund the construction of a major PV manufacturing facility by issuing convertible bonds to raise up to RMB8.96 billion (US$1.3 billion).

Government policies have hampered the development of the solar industry in the US, but the situation improved in the second half of 2022 thanks to a reversed decision, according to a BloombergNEF study.

US thin-film manufacturer First Solar has recorded 48.3GW of net bookings in 2022, up 30.8GW from the previous year.

Internet connection and data centre provider Equinix has signed five power purchase agreements (PPAs) in Spain with a capacity of 225MW.