financial results

Global alternative asset manager Blackstone is lending US$200 million towards the construction of new solar PV projects in the US by Altus Power.

SMA Group has posted an improved financial results for the first nine months of 2023, with sales increasing by more than 84% year-on-year.

US distributed solar asset owner Spruce Power has posted increased sequential revenues and adjusted EBITDA in the third quarter of 2023, as its total portfolio of residential solar assets and contracts increased to over 75,000.

US solar tracker manufacturer Array Technologies has published its financial results for the third quarter of this year, with revenue decreasing by 32% to US$350.4 million due to the decreased shipments.

Trina Solar shipped more than 45GW of modules in the first three quarters of 2023, as its revenue increased by over 31% year-on-year.

Norwegian independent power producer (IPP) Scatec has posted a weakened financial results for the third quarter of 2023, with year-on-year power production and profit dropping by 7.8% and 71.6% respectively.

Clearway Energy has reported a net income of US$112 million at its renewable projects in the first nine months of the year.

Longroad Energy has achieved financial close on a large-scale solar-plus-storage in Arizona, part of a portfolio it acquired from vertically integrated solar manufacturer First Solar.

SolarEdge has posted a downturn in Q3 financial results, which it attributed to a “slow market environment, in particular in Europe”.

US domestic solar company SunPower has lowed its FY2023 guidance due to reduced consumer demand, delayed revenue recognition from longer cycle times, and a net loss of more than US$30 million in the third quarter this year.