Companies

Israeli solar inverter manufacturer SolarEdge posted strong financial results for the second quarter of 2023 with record revenues from the solar segment of US$947.4 million.

Leeward and Nextracker have signed a deal to deliver 3GW of the latter’s trackers to the former’s under-construction solar projects.

Arizona utility Salt River Project (SRP) has secured a power purchase agreement (PPA) for an additional 475MWdc or 394MWac from utility-scale solar power plant operator Clēnera.

Hexa Renewables has signed a memorandum of understanding with UEM Group Berhad and Itramas to develop up to 1GW of solar projects in Malaysia.

Greek renewables developer Mytilineos has sold a 211MW portfolio of four solar parks to its compatriot fossil fuels company HELLENiQ.

UAE state-owned renewable energy developer Masdar has signed a memorandum of understanding (MoU) with Citaglobal Berhad to develop 2GW of solar, storage and wind projects in Malaysia.

Cero Generation has purchased Univergy Solar’s 50% stake in Nara Solar, taking full ownership of the Spanish solar developer.

Mytilineos has released its financial results for the first half of 2023, with its energy sector posting a total turnover of €1.99 billion.

Solar tracker supplier Nextracker has reported a 19% rise in year-on-year revenues for Q2 2023 (Q1  financial year (FY) 2024), to US$479.5 million.

US residential solar installer Sunnova has recorded a reduced adjusted EBITDA year-on-year of US$28.1 million for the second quarter of 2023 although its revenue increased by 13.2%.