financial results

Array Technologies has posted strong financial results with Q3 revenue driven up by STI Norland’s acquisition and strong organic growth within its legacy business.

Residential solar installer SunPower increased its new customer addition record for a single quarter with 23,100 customers added in Q3 thanks to continued strong demand for rooftop PV.

Inverter manufacturer SolarEdge has posted record revenue and inverter shipment for Q3 due to its “strong momentum” in the European market.

Energy technology company AES Corporation has signed 1.6GW of renewable PPAs during Q3 2022, bringing the total to 3.2GW this year.

Renewables asset owner Brookfield Renewable is planning to commission at least 10GW of clean energy projects in the next three years, leveraging its newly acquired US solar businesses.

Independent power producer (IPP) Scatec targets to invest NOK10 billion (US$946 million) of equity for new renewable power plants through 2027.

The CEO of US solar installer Sunrun has called for faster action to reduce import delays that continue to impact the country’s PV industry.

JinkoSolar is on track to end the year with 70GW of solar module manufacturing capacity after posting better-than-expected results for the third quarter.

NextEra Energy has reported better-than-expected financial results for Q3 2022 despite the damage wrought by hurricane Ian as it continued to buildout its renewable energy pipeline and seeks to take advantage of the Inflation Reduction Act (IRA).

US thin-film manufacturer First Solar recorded an operating loss of US$68 million in Q3 2022, which it put down to ongoing supply chain disruptions.