renewables

Solar module supplier Maxeon aims to turn the negative adjusted EBITDA around through investing in technology and increasing customer value, in addition to contiuning investing in talents, according to the company’s CEO Bill Mulligan and CTO Matt Dawson. 

Jinko Solar has posted an improved financial result for the first quarter of 2023, as its net income attributable to ordinary shareholders increased by 18.6% quarter-on-quarter.

Indiana-based electric company CenterPoint Energy will switch to solar and wind to generate 80% of electricity by 2030.

Danish solar energy company Nordic Solar has added two solar parks with a capacity of 83MWp in Sweden to its portfolio. 

French energy company Voltalia has secured €29 million (US$31.9 million) from the European Bank for Reconstruction and Development (EBRD) to develop a 140MW solar plant in southwestern Albania. 

US residential solar installer Sunnova posted an improved adjusted EBITDA of US$14.6 million in the first quarter of 2023, while it is expecting a year-on-year increase of up to 114% in its adjusted EBITDA this year.

Microinverter supplier Enphase Energy is expected to ship 100MWh of batteries in the current quarter with the gross margin reaching more than 40%, while its net income in the first quarter of 2023 increased by 183.4% year-on-year.

Albania is set to launch a tender for 300MW of solar power as part of the European Bank for Reconstruction and Development’s (EBRD) renewable energy auction programme in the country.

Its deployed solar was up from 48MW in Q1 2022, but solar deployments dropped sequentially in Q1 2023 mainly due to volatile weather.

Spanish renewables developer X-Elio has secured €102 million (US$112 million) for three solar projects in Spain with a total capacity of 147MW.