Spanish tracker manufacturer Soltec saw its revenue and earnings tumble in the first quarter of the year, citing delays in PV project development due to higher raw material costs that have led to increased module prices.
After the International Energy Agency revised its renewables deployment forecast upwards by 25%, Liam Stoker looks at the difficult nature of forecasting a rapidly maturing sector amidst a changing landscape
Data from green hydrogen demonstration projects should be made available to help enable the future bankability of larger installations, unleashing the sector’s decarbonisation potential, a panel has suggested.
Array Technologies has withdrawn its guidance for 2021 after experiencing “unprecedented” increases in material and logistics costs which severely impacted earnings in the first quarter.
Inverter supplier SMA Solar reported a fall in sales during Q1 2021, but cited the political landscape in the US and Europe as being “extremely encouraging” in the long term.
The clean energy council has slammed the Australian government’s latest federal budget as “disappointing” for not placing more onus on expanding the country’s renewable energy capacity.
Spain’s Solarpack was affected by pandemic-related project delays in Chile during a first quarter, in which it saw its net profit shrink 95% year-on-year to €300,000.
Europe’s solar technology specialists may need up to €7 billion (US$8.51 billion) in capital investment in order to scale up domestic manufacturing to be globally competitive, according to a panel of industry leaders.
The International Energy Agency (IEA) has said it expects annual solar PV additions globally to surpass 160GW by 2022, affirming the technology’s position as the “new king” of global electricity markets.
Tutly Solar, French energy giant Total Eren’s subsidiary in Uzbekistan, has been awarded an €87.4 million US$106.32 million) loan package to develop a utility-scale solar PV system in the country.
