renewables

Solar technology and renewable energy company Canadian Solar posted a nearly 152% increase in net income last year, while its solar project development pipeline increased.

Two projects are in Massachusetts and the remaining one is in New York State.

The first phase of the 936MWdc project has been in construction since March 2021.

IRENA said a total of 192GW of solar capacity was installed in 2022, up 22% yoy.

Brookfield Renewable acquires a 50% stake in renewable developer X-Elio from its joint venture partner and investment firm KKR. 

One of these projects, with a DC capacity of about 13MW, is expected to achieve ready to build status within six months.

An overwhelming majority of Germans believed that an accelerated expansion of renewables was important, but not everyone from this category agreed to install power plants in their neighbourhoods, according to KfW Research. 

Renewable energy company Solarbank has sold a 7MW community solar project in New York state after it began commercial operation. 

Solar capacity grew significantly in India last year, and renewables dominated the country's power generation capacity additions in 2022, according to a study conducted by Ember.

The European Commission (EC) has announced the Net Zero Industry Act, addressing a number of technologies that can help achieve decarbonisation including solar PV.