Power product supplier Generac’s net sales rose to a record US$2.5 billion in 2020 thanks to soaring demand for home generators and fast growth in the US' residential solar-plus-storage sector which kept gross margins buoyant.
Oil and gas major Shell has said it will spend between US$2 billion and US$3 billion on renewables and energy solutions annually to help it attain net zero status by 2050.
Leading microinverter supplier Enphase Energy reported record full-year revenue and shipments in 2020, driven by an ongoing transformation in its contract manufacturing supply chain that will enable the company to supply between 16 million to 20 million microinverter units in 2021, should demand allow.
Leading monocrystalline wafer producer LONGi Green Energy has signed a three-year high-purity polysilicon supply deal from OCI Malaysia, while securing 46GW of PV glass from China's Flat Glass Co.
Renewable energy company Leeward is backing its acquisition of First Solar's 10GW project pipeline to allow it to compete within the US' solar landscape.
Major inverter manufacturer SMA Solar Technology has reported preliminary full-year 2020 financial results which met the low end of guidance but also reported a slight decline in fourth quarter sales coupled to plummeting gross margins.
We caught up with Luca Pedretti, Pexapark's co-founder and chief operating officer, to discuss how PPAs are changing to accommodate more offtakers from a range of business sectors.
Greek industrial group Mytilineos said 2020 turnover from its renewables and storage development unit was around 40% lower than forecasted due to contracting and construction delays as a result of the coronavirus pandemic.
