financial results

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. 

Residential solar installer SunPower has invested in its California sales and marketing division to ensure that as many customers can apply for favourable net energy metering (NEM) 2.0 rates.

Israel-headquartered smart energy technology company SolarEdge's yearly net income in 2022 dropped by 45%, despite the total revenue increasing by 58% year-on-year. 

Microinverter supplier Enphase Energy plans to add a quarterly capacity of 4.5 million microinverters in 2023 and reach ten million by the end of the year.

Independent power producer (IPP) Scatec refinanced US$100 million of its US$193 million bridge-to-bond facility with a new term loan due in Q4 2027.

Norwegian distributed solar marketplace Otovo has secured €120 million (US$130 million) in debt and equity financing to expand its residential solar portfolio across Europe.

NextEra Energy has reported a 16.1% increase in net attributable profit for 2022, while it has also introduced growth outlook through 2026.

Tesla navigated supply chain challenges to deploy 348MW of solar in 2022, the company’s highest install figure since 2017, when it added 523MW.

German chemical group Wacker Chemie posted new sales and earnings records in 2022 as the polysilicon division benefited from strong demand and higher prices.

Canadian Solar expects to start shipping the first TOPCon products early next year and will focus on the technology in the future with all new cell capacity.