Solar tracker and software provider Nextracker more than doubled its adjusted EBITDA in the financial year (FY) ending March 2023 compared with the previous year, up to US$209 million from US$92 million.
Solar tracker supplier Array Technologies has increased its revenue in the opening quarter of 2023 due to higher volume sales and average selling price (ASP).
US renewables developer Pivot Energy has closed a US$203 million financing facility to fund 100MW of distributed solar PV projects across numerous states.
PV balance of system (BOS) solutions provider Shoals Technologies posted an increased adjusted EBITDA in the first quarter of 2023, while the company expected yearly revenue of up to US$510 million.
Indian renewable company Adani Green Energy Limited (AGEL) posted an improved EBITDA from power supply in the last financial year, while its operational capacity increased by 49% year-on-year, according to its latest financial results.
US utility AES Corporation has announced its plans to triple its renewables generation capacity and outline the growth strategies for its operations through 2027.
Israeli solar inverter manufacturer SolarEdge posted strong Q1 2023 financial results with record revenues and shipments, building on a less profitable 4th quarter.
French renewables developer Akuo Energy and managing asset company Atlantica Sustainable Infrastructure have closed the financing of a Chilean solar PV portfolio.
According to the company’s financial results for last year, 2022 was the first time that LONGi’s yearly revenue surpassed RMB100 billion (US$14.4 billion).
