Iberdrola increased its net profit by 12% to €4.34 billion (US$4.58 billion) in 2022, driven by strong performance in Brazil and the US, offsetting the impact of the energy crisis in the EU.
Renewable energy developer MPC Energy Solutions has signed a long-term power purchase agreement (PPA) with a subsidiary of Guatemalan sugar cane processor and exporter Ingenio Magdalena S.A (IMSA) for power produced at a 65MW solar PV plant in the country.
Long-term domestic supply deals and strategic partnerships between companies in the PV value chain are increasingly key to long-term supply chain security and ensuring project delivery to appropriate standards.
Astronergy is aiming to reach 49GW of solar module capacity this year as it increases efforts to expand TOPCon production while exploring the potential of opening a manufacturing facility in the US.
US-based independent power producer Altus Power has reached financial close on 220MW of solar PV assets representing an investment of approximately US$293 million.
A total of 4.7GW of utility-scale solar capacity was installed in Q4 2022 in the US, but the difficulties in sourcing modules caused a delay in installations, according to industry body the American Clean Power Association.
Solar developer Lightsource bp has signed a power purchase agreement (PPA) with fast food giant McDonald’s for a 145MWac/180MWdc PV project in Louisiana.
As solar projects become ever larger, sites with slopes and uneven terrain are becoming the norm for project development, leading tracker manufacturers to adapt their offerings accordingly. Molly Lempriere details the latest launches that aim to address this issue.
