Germany’s RWE is on track to increase its solar and wind portfolio to 10GW by the end of 2020 as the company ramps up its renewable energy expansion following project commissioning delays due to the coronavirus pandemic.
Solarpack increased its H1 operating revenues nearly three-fold (191%) year-on-year to €78.84 million (US$93.64 million), thanks in part to the commissioning of PV projects in Spain, Chile and India.
PV project developer and operator ReneSola Power is doubling down on efforts to expand its business in the US and Europe, targeting a total project pipeline of 1GW by the end of 2020.
Ongoing project performance issues and tumbling power price forecasts cost renewables infrastructure investor John Laing £95 million (US$124.61 million) in the first half of the year.
Duke Energy is considering additional investments in solar projects in Florida and the Carolinas as it reels from a US$1.6 billion expense related to the cancellation of the Atlantic Coast Pipeline (ACP).
SunPower exceeded its previous guidance for both revenue and shipments in Q2, capitalising on what it said was improving demand for distributed generation.
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
Outlook for solar roof ‘extremely good’ despite current paralysis, CEO Elon Musk says as company posts the first Q1 positive net income in its history in the midst of the COVID-19 crisis.
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.
German parent of green energy developer BayWa r.e. says it is ‘well positioned’ in year where unit will seek new shareholders and work to deliver 690MW solar pipeline.
Firm believes long-term renewable growth is assured but trims €400m EBITDA guidance for next year, amid talk of pandemic disrupting construction timetables.
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.
