SolarEdge expects to break more records in Q1
SolarEdge has reported record revenue in its latest three-month update and expects to have even more business in the second quarter, even if gross margin and profit has declined.
Enphase predicts another revenue landmark this quarter
Enphase expects the volume of business generated to rise again for the April-June period, accompanied by another bump in battery shipments.
The weekend read: The financial risk of investing in PV systems and the ‘Peter PAN’ files
The financial risk of investing in photovoltaic systems is increasing. This is because the yield forecasts on which profitability audits are based are increasingly too optimistic. One reason for this could be the handling of so-called PAN files, reports pv magazine Deutschland’s Marian Willuhn.
Poland prioritizes renewables in pandemic-recovery plans
It should come as no surprise that clean energy spending is a big chunk of Warsaw’s four-year EU grant and loans package, given that the nation’s grid-connected solar capacity rose from 3.99 GW at the end of 2020 to 6.3 GW four months ago, according to the International Renewable Energy Agency.
Quebec publishes draft documents for 1.3 GW tender
The Canadian provincial government’s Green Economy Plan, launched in November 2020, envisages a 37.5% reduction in greenhouse gas emissions en route to net zero by mid century.
EBRD stumps up €46m for ‘Poland’s biggest solar park’
The London-based international lender has provided finance for the “up to 286 MW” project alongside Poland’s two biggest retail banks.
German solar supplier lands fresh $3m from EU entity
Redavia, which leases plug-and-play solar systems to commercial clients in Africa, secured the fresh credit line after settling a previous $2 million loan supplied by the EDFI ElectriFI European development finance institution.
Auditor of solar developer issues disclaimer on 2021 figures
As reported by pv magazine, BDO was not permitted access to the paperwork on 11 solar project companies sold by Shunfeng International in 2020 and, therefore, could not offer an opinion on the financial prospects of the business based on last year’s performance either, given the lack of comparative numbers.
The weekend read: Key issues in PV module procurement for investors
The urgency to mitigate climate change and the need for more energy independence in many countries will boost demand for renewable energy to unprecedented levels. Meanwhile, trade conflicts, the logistics crisis, and insufficient supplies of raw materials have disrupted supply chains for the past two years. This has resulted in higher prices for solar equipment, challenging the predictability of on-time delivery and the quality of products. Sebastian Petretschek, TÜV Rheinland’s global head of PV power plants, examines the key issues in module procurement for investors.
Trade body expects China to add 90 GW of solar this year
Solar developer Beijing Energy reported a bumper prediction apparently made by the China Electricity Council, as the developer published its annual figures today.
