Spanish utility Iberdrola reported a €12 billion (US$13.6 billion) operating profit in 2021, which was 20% higher than 2020, and met its gross profit forecast for 2022 one year early, as its installed 3.5GW of renewables in 2021.
Major engineering and technology firms Worley, ABB and IBM have signed a memorandum of understanding (MoU) to collaborate on green hydrogen solutions, intending to create an "end-to-end" service for energy companies.
PV project developer and engineering, procurement and construction (EPC) company Inovateus Solar has received a “significant” investment from Galway Sustainable Capital to increase its operations.
Solar manufacturer LONGi Solar has increased prices for its range of PV wafers, sending them to four-month highs amidst ongoing spikes in the polysilicon price.
Washington state utility Avista has launched a request for proposals (RFP) for 196MW of winter capacity and 190MW of summer capacity by 2030, with the request also considering storage and demand-side response resources as the utility works to meet the state’s clean energy targets.
Norwegian start-up Otovo has secured NOK 300 million (US$33.7 million) through a private placement to support the expansion of its solar marketplace into six new European countries.
India’s Production Linked Incentive (PLI) scheme is expected to add up to 40GW of additional cell and module manufacturing capacity in the country as it operates in tandem with the country’s upcoming Basic Customs Duty (BCD), according to Indian rating agency ICRA, a Moody's Investors Service company.
