Americas

PV balance of system (BOS) solutions provider Shoals Technologies is expected to continue its growth this year thanks to the increased demand for its new products, while its adjusted EBITDA in 2022 increased by more than 47.8% year-on-year, according to the latest financial results.

Solar tracker manufacturer Soltec posted net profits of €13.1 million (US$13.9 million) for the year 2022, a €14 million increase on 2021 which saw a €1.2 million loss for the company.  

Solar and energy storage project development company Savion has signed an agreement to buy 2.6GWdc of modules from First Solar.

Government policies have hampered the development of the solar industry in the US, but the situation improved in the second half of 2022 thanks to a reversed decision, according to a BloombergNEF study.

As renewables investor Cubico Sustainable Investments recently acquired a solar project in Brazil, PV Tech talked to the company about the outlook for the market.

US thin-film manufacturer First Solar has recorded 48.3GW of net bookings in 2022, up 30.8GW from the previous year.

Lightsource bp and First Solar have agreed a 4GW module supply deal for US projects to be delivered between 2026-28.

Arizonan utility Salt River Project (SRP) has issued an all-source request for proposal (RFP) seeking at least 500MW of renewables by May 2027.

Solar PV generation in the US during 2022 has increased by 24.14% year-on-year according to the country’s Energy Information Administration (EIA) latest report.

Solar module underperformance has nearly doubled since 2019, accounting for around US$2.5 billion in projected losses for the global solar industry.