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).
Australia’s Federal Budget 2023-2024 included AU$4 billion (US$2.71 billion) new investment in the energy transition, and confirmation of tenders for renewables and energy storage.
Solar developers GreenGo and Hydro Rein have inked a partnership agreement to develop utility-scale PV projects in Sweden, with the first two projects signed for this week.
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.
