Nordic Solar reported Q3 2023 results with revenue at EUR 21.2 million and a net profit of EUR 5.1 million, both down from Q3 2022.The revenue secured by PPAs, feed-in tariffs, and government subsidies increased to 66.8%. The total portfolio increased by 7% to 1,915 MW, and operational portfolio capacity grew by 20% to 390 MW, resulting in a 14% rise in production to 165 GWh.
Nordic Solar’s operational portfolio expands by 20%
Nordic Solar revises year-end revenue forecast to EUR 57-63 million, down from EUR 57-67 million. Illustration from Nordic Solar.
AfDB funded two 15 MW solar plants in Chad to generate 61 GWh annually and cut emissions by 49,000 tons per year. (Image Credit/Source: LCEC/Pixabay)
Algeria and GE Vernova discussed 15 GW renewable energy projects, including solar, as Sonelgaz led talks in Atlanta. (Image Source:Zawya)
LRE powered up Morrow Lake Solar, supplying 200 MW to Microsoft with innovative solar tech and eco-friendly land use. (Image Credit/Source: StockSnap/Pixabay)
re:cap green energy acquired 51.7 MW solar projects from Milvio Energy, with completion expected between Q1 and Q4 of 2025. (Image Credit/Source: TheOtherKev/Pexels)