Leading US solar installer Sunrun installed 792MW of solar capacity in 2021, a 31% growth on 2020, exceeding guidance, reflecting the highest growth rate in five years and bringing its total networked capacity to 4.7GW, according to its Q4 and full year 2021 financial results.
US solar installer SunPower’s backlog has reached its highest ever level, but the firm said its Q4 earnings were hit by a supplier quality charge as well as installation delays because of COVID and poor weather.
Inverter manufacturer SolarEdge is increasing shipments to the US from a new production plant in Mexico as it looks to save on freight costs and reduce the impact of tariffs on imports.
Solar project developer and asset owner Photon Energy Group saw its revenue reach a new high last year thanks to the sale of electricity from its growing portfolio of PV plants.
US utility Duke Energy has committed to exiting coal by 2035 in what it said was “the largest planned coal fleet retirement in the industry” as it also released its financial results for Q4 2021 that outline a US$63 billion five-year capex plan.
Indian utility Tata Power will aim to take advantage of policy support from India’s government as it sets up new cell and module manufacturing capacity in the country.
Microinverter supplier Enphase Energy has posted strong Q4 2021 results that saw strong revenue growth following high demand for its IQ microinverters and a 53% jump in orders of its IQ batteries, compared with Q3 2021, despite supply chain constraints
Norwegian independent power producer (IPP) Scatec said it has put on hold a 900MW solar project in India due to a lack of supply of domestic modules and the upcoming introduction of a new import duty.
French renewables developer and power producer Voltalia saw its annual electricity production reach a record high last year, with the company boosted by a 25% rise in installed solar capacity.
German chemical group Wacker Chemie saw its polysilicon sales nearly double in 2021, lifting its earning significantly amid higher raw-material and energy costs, preliminary financial results showed.
