Jinko Solar has posted an improved financial result for the first quarter of 2023, as its net income attributable to ordinary shareholders increased by 18.6% quarter-on-quarter.
German utility RWE has reported an improved financial result in the latest quarter but the adjusted EBITDA of onshore wind and solar decreased by more than 20%.
French energy company Voltalia has secured €29 million (US$31.9 million) from the European Bank for Reconstruction and Development (EBRD) to develop a 140MW solar plant in southwestern Albania.
India-based renewables developer Avaada Group has raised US$1 billion from asset owner Brookfield Renewable to fund the growth of its renewable energy platform in India.
US residential solar installer Sunnova posted an improved adjusted EBITDA of US$14.6 million in the first quarter of 2023, while it is expecting a year-on-year increase of up to 114% in its adjusted EBITDA this year.
Simone Mandica of asset manager WiseEnergy details how solar installations can be repowered to extend their service life and maintain high standards of technology.
Spanish utility Iberdrola has already begun construction or entered into operation 60% of its new capacity investments by 2025 at the end of the first quarter of 2023.
Microinverter supplier Enphase Energy is expected to ship 100MWh of batteries in the current quarter with the gross margin reaching more than 40%, while its net income in the first quarter of 2023 increased by 183.4% year-on-year.
