Companies

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%.

Indian independent power producer (IPP) ReNew Power and Malaysian Gentari’s Indian subsidiary, Gentari Renewables India, have established a joint venture (JV) to target 5GW of new renewable energy capacity.

Lithuanian software company PV Case recently announced two expansion plans, and we talked to the company to learn more about their products.

SunPower has released its preliminary financial results for the second quarter of this year, which include a net loss of US$30 million.

Florida-headquartered NextEra Energy has recorded a net income of US$2,795 million in Q2 2023 as both its renewables development and utility generation arms posted strong results.