Acciona reports 7.2% hike in net profits, top IPP hopeful Solaria makes progress towards 3.325GW goal, PV transition brings distributor Audax to 1.9TWh-a-year purchases.
Nasdaq-listed group expects deployment to grow by further 15% in 2020, amid hopes that uptake of its solar-plus-storage offering Brightbox will double year-on-year.
Group expects double-digit renewables growth in 2020 after achieving revenue and profit rises in 2019, under the tenure of executive forced out by board this month.
Plans for sizeable layoffs by 2022 will mostly affect administrative and non-operational staff in Germany, says poly player of new roadmap launched after €55m losses last year.
Revenues from firm’s solar assets overtook wind’s in 2019 and accounted for nearly half of full-year turnover, with large projects in Mexico, Argentina and others set to go live in 2020.
Strong performance from wind, solar and others helped balance other struggles for EDF in a year when EBITDA and operating profit dipped for Big Six player.
Firm forecasts fiscal year 2020 GAAP net losses of US$145-195m despite its return to profitability in a year of record roll-out but also ‘disappointing’ execution challenges.
Firm expects storage and PV installs to grow ‘at least 50%’ this year after 2019 results show last year was stellar for storage but less so for PV, despite the latter’s stronger H2 2019.
New PV and wind could outcompete most existing fossil fuel capacity by 2025, outfit predicts as it lays out timetable for the 5.8GW renewable project backlog it amassed last year.
