Plans for sizeable layoffs by 2022 will mostly affect administrative and non-operational staff in Germany, says poly player of new roadmap launched after €55m losses last year.
Revenues from firm’s solar assets overtook wind’s in 2019 and accounted for nearly half of full-year turnover, with large projects in Mexico, Argentina and others set to go live in 2020.
Strong performance from wind, solar and others helped balance other struggles for EDF in a year when EBITDA and operating profit dipped for Big Six player.
Firm forecasts fiscal year 2020 GAAP net losses of US$145-195m despite its return to profitability in a year of record roll-out but also ‘disappointing’ execution challenges.
Firm expects storage and PV installs to grow ‘at least 50%’ this year after 2019 results show last year was stellar for storage but less so for PV, despite the latter’s stronger H2 2019.
New PV and wind could outcompete most existing fossil fuel capacity by 2025, outfit predicts as it lays out timetable for the 5.8GW renewable project backlog it amassed last year.
Top US residential player posts Q3 2019 deployment volumes of 107MW and eyes 115-118MW in Q4 2019 despite warning that ‘tight labor market’ could hamper customer growth and order delivery.
EPC multinational marks operational launch of solar assets in Chile and India as January-September 2019 revenues nearly double year-on-year but net profit more than halves.
Strong PV growth was 'chief driver' of 24% rise in group-wide EBITDA between H1 2018 and H1 2019, says IPP as it notes this year’s European tender milestones.
Q2 2019 results show small-scale solar specialist reversing losses of last two quarters, with US$11m capital raise being mulled as short-term borrowings continue to pile
