US solar tracker supplier Array Technologies expects to finish 2022 with a revenue of US$1.62-US$1.64 billion, an organic growth of nearly 50% from 2021.
A round-up of the latest PV project news from the US, including two funding news, construction of solar projects in Florida and Renewable Properties closing its Fund 8 portfolio with two financing partners.
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.
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.
