Industrial group Baywa recorded €1.5 billion (US$1.63 billion) in revenues from its renewable energy business in Q1 2023, just under a 25% of the group’s total quarterly revenue of €6.3 billion (US$6.8 billion).
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.
Falling solar module prices in recent years mean it can be beneficial to oversize the DC capacity in PV plants. John Leslie of BTY presents findings from a study that suggests developers should, in certain cases, investigate using higher DC/AC ratio designs.
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.
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.
