Portuguese utility EDP has announced its investment strategy for the coming years, establishing a €25 billion (US26.5 billion) plan to achieve 33GW of deployed renewables capacity by 2026.
Developer Mytilineos' renewables and storage department has recorded its best ever sales quarter in Q3 at the same time as posting strong numbers for the first three quarters of the year.
Greek industrial group Mytilineos recorded a net profit of €77 million (US$91 million) in H1 2021, however the firm’s renewables division witnessed a drop in revenue year-on-year.
French giant’s Q1 2020 results show minor dips in net income and revenues, with its renewables unit recording strong performance and expected to report ‘low impacts’ going forward
Firm vows to ramp up investment ‘as soon as possible’ after decree puts construction on hold in its home country, with a spokesperson telling PV Tech long-term funding is not expected to be hit.
Firm had predicted €2.7-2.9bn net recurring income and double-digit growth of renewables unit this year but is withdrawing the forecast, amid talk of potential 'constraints' for green energy work.
Group notes outbreak could see construction contracts postponed but insists it can reach 1GW-by-2020 installed capacity target, amid PV work in Brazil, Portugal, France and others.
Small-scale specialist will set sights on US and European projects after year of higher profits and revenues, net income losses and relocation from Shanghai to Connecticut.
