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.
US-based solar tracker company Nevados has partnered with independent power producer (IPP) Energix Renewables to supply trackers, that can be used on challenging slopes, in three solar power plants.
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.
NextEra Energy Resources, the clean energy business subsidiary of NextEra Energy, added around 2,020MW of renewables and storage assets to its backlog in Q1 2023 in a strong first quarter for the company.
TCL Zhonghuan has made a series of announcements recently, including investing in a 25GW N-type TOPCon project, initiating a share buyback and releasing its operating data in the first quarter of the year, which reflected its new direction in the industry and confidence in high quality development.
