Daqo New Energy recorded a dent to its quarterly revenues and margin in Q4 2021 after production costs spiralled and sales fell against a slide in demand.
Solar power generation in the US rose by 25.23% in 2021, making it the country’s fastest-growing source of electricity, while renewables accounted for 21.02% of all electricity and look set to surpass coal in terms of total production in 2022.
Indian module manufacturer Waaree Energies is taking advantage of rising interest in its products from export markets as it looks to maintain a full order book, the company’s CEO has said.
Polysilicon producer Daqo New Energy’s has signed a long-term supply agreement for high-purity mono-grade polysilicon for a total amount of 30,000MT between 2022 and end of 2026, essentially selling out its inventory for this year.
Australian mining magnate Andrew Forrest’s Squadron Energy will invest AU$3 billion (US$2.16 billion) in wind, solar and battery storage project in Central Queensland, Australia.
Solar tracker manufacturer and project developer Soltec witnessed a strong Q4 performance help reduce its loss for the full year to €1.2 million (US$1.34 million), with its project pipeline growing to in excess of 10GW.
Indian independent power producer (IPP) ReNew Power posted a 25.6% jump in revenue for the first nine months of the fiscal year 2022 (FY22) compared with the same period in the 2021 fiscal year, while its net losses soared as a result of its August IPO on the NASDAQ.
Global energy company AES added more than 2GW of renewables and energy storage to its portfolio last year as the business formally confirmed its intent to exit coal generation by 2025.
Clean energy marketplace and technology services platform Palmetto has raised US$375 million to support its business expansion as it looks to drive uptake of rooftop solar and expand to offer new products.
unnova continued to reduce net losses in the closing quarter of 2021 despite interconnection delays in late December, helping reduce the company’s net loss year-on-year.
