Financial Performance - The company's Adjusted EBITDA for Q1 2025 was $591 million, a decrease of $49 million compared to $640 million in Q1 2024[11, 47] - Adjusted EPS for Q1 2025 was $0.27, a decrease of $0.23 compared to Q1 2024[11, 49] - Renewables Adjusted EBITDA increased by $50 million, from $111 million in Q1 2024 to $161 million in Q1 2025[52] - Utilities Adjusted PTC increased by $80 million, from $41 million in Q1 2024 to $121 million in Q1 2025[56] - Energy Infrastructure Adjusted EBITDA decreased by $102 million, from $356 million in Q1 2024 to $254 million in Q1 2025[59] Strategic Highlights & Growth - The company signed or was awarded 443 MW of new PPAs for renewables, bringing the backlog to 11.7 GW[12] - Construction of 643 MW of renewables projects was completed, with the remaining 2.6 GW of projects under construction for 2025 being approximately 80% complete[12, 17] - The company achieved its 2025 asset sale proceeds target by selling a minority stake in AGIC for $450 million[12] - The company is on track to invest approximately $1.4 billion across AES Indiana & AES Ohio in 2025[39] Financial Outlook & Capital Allocation - The company reaffirms its 2025 Adjusted EBITDA guidance of $2,650-$2,850 million[9, 66] - The company reaffirms its 2025 Adjusted EPS guidance of $2.10-$2.26[9, 68] - The company expects to generate Parent Free Cash Flow of $1,150-$1,250 million in 2025[71, 112]

Core Viewpoint - IREN Limited will release its financial results for the three and nine months ended March 31, 2025, on May 14, 2025, and will host a conference call for investors [1][2]. Company Overview - IREN is a leading data center business focused on Bitcoin and AI, utilizing 100% renewable energy [3]. - The company has been operational in Bitcoin mining since 2019, expanding its capacity to 52 EH/s in 2025 [4]. - IREN provides AI cloud services with 1,896 NVIDIA H100 & H200 GPUs, having started operations in 2024 [4]. - The company operates 660MW of data centers, with plans to expand to 910MW in 2025, designed for high-performance computing [4]. - IREN has secured a development portfolio of 2,910MW of grid-connected power across North America and holds over 2,000 acres of property for future development [4]. - The company targets sites with low-cost renewable energy and supports local electrical grids and communities [4].

KITCHENER, ON, May 2, 2025 /PRNewswire/ -- Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ: CSIQ) today announced that it will hold a conference call on Thursday, May 15, 2025, at 8:00 a.m. U.S. Eastern Time (8:00 p.m., May 15, 2025, in Hong Kong) to discuss the Company's first quarter 2025 results and business outlook.The dial-in phone number for the live audio call is +1-877-704-4453 (toll-free from the U.S.), 800 965 561 (from Hong Kong), +86 400 120 2840 (local dial-in from Mainland China) ...

All amounts in U.S. dollars unless otherwise indicated BROOKFIELD, News, May 02, 2025 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable Partners”, "BEP") today reported financial results for the three months ended March 31, 2025. “We had a strong start to the year, delivering record results from our large, highly contracted, global operating fleet, which is now approaching 45,000 megawatts diversified across the lowest cost energy technologies. We were al ...

Core Viewpoint - Statkraft is applying for a license to upgrade the Nore hydropower plants with a budget of 4 billion NOK to enhance electricity production and stabilize prices in Norway [1][2]. Company Overview - Statkraft is a leading international hydropower company and Europe's largest generator of renewable energy, with operations in over 20 countries and around 7,000 employees [14]. Project Details - The Nore hydropower plants consist of Nore I, operational since 1928 with a capacity of 212 MW and annual production of 1150 GWh, and Nore II, operational since 1946 with a capacity of 60 MW and over 300 GWh annual production [10]. - The upgrade aims to nearly double the capacity from 274 MW to 500 MW and increase annual production from approximately 200 GWh to about 1700 GWh under the preferred alternative [6]. - An alternative plan would increase the combined capacity by 65 MW and production by around 150 GWh [6]. Future Plans - Statkraft plans to build a next-generation hydropower system and initiate five major upgrades by 2030, with the Nore plants upgrade being a significant step [2][8]. - The company aims to increase its installed capacity in Norway by over 20 percent, providing an additional 1500 to 2500 MW of capacity through various upgrades [8]. Environmental and Economic Considerations - Upgrading existing hydropower plants is seen as a way to enhance capacity and energy production while considering environmental impacts [3][9]. - The company acknowledges that such upgrades require substantial investments and are often only marginally profitable, necessitating careful assessment of various factors [9]. Licensing Process - The license application will be processed by the Norwegian Water Resources and Energy Directorate (NVE), followed by a hearing process, with the Ministry of Energy making the final decision [13].

PHILADELPHIA, May 1, 2025 /PRNewswire/ -- Doral Renewables LLC ("Doral") has successfully closed a $100 million corporate Letter of Credit facility. The Letters of Credit are expected to primarily be used for new interconnection and power purchase agreement obligations incurred during development of the Company's projects. This new facility is additive to the $185 million of existing corporate Letter of Credit capacity which Doral maintains. HSBC acted as Sole Arranger and Issuing Bank for this new facility ...

Renewed, Reliable and Resilient First-Quarter Financial Results May 1, 2025 Forward Looking Statements This presentation contains forward-looking statements based on current expectations, including statements regarding our earnings guidance and financial outlook and goals. These forward-looking statements are often identified by words such as "estimate," "predict," "may," "believe," "plan," "expect," "require," "intend," "assume," "project," "anticipate," "goal," "seek," "strategy," "likely," "should," "wil ...

Financial Data and Key Metrics Changes - The company reported revenues of $6.2 billion, net income attributable to common stock of $144 million, or $0.96 per diluted share, and adjusted diluted earnings per share of $1.78 [10] - Adjusted EBITDA was $504 million, representing 8.1% of revenues [10] - The company generated cash flow from operations of $243 million and free cash flow of $118 million, which included a $109 million tax payment deferred from 2024 [10] - The company increased its full-year 2025 expectations for revenue by $100 million, adjusted EBITDA by $10 million, and adjusted earnings per share by $0.05 [12] Business Line Data and Key Metrics Changes - The company emphasized its core strategy built on craft skill labeling, execution certainty, and strategic investments in talent and technology [6][7] - The company highlighted robust demand for resilient electric grids, power generation, and energy infrastructure, indicating a strong growth trajectory across its business lines [8][9] Market Data and Key Metrics Changes - Utilities in the United States are experiencing significant increases in power demand driven by new technologies, including data centers and artificial intelligence [9] - The company believes this demand surge could lead to the largest investment in high voltage transmission infrastructure in a generation [9] Company Strategy and Development Direction - The company aims to reinforce its leadership position through a diversified solution-based strategy that integrates craft labor with engineering and technology [7] - The company is focused on delivering comprehensive infrastructure solutions and creating deeper strategic relationships with customers [8] - The management expressed confidence in navigating periods of uncertainty and emerging stronger due to its financial liquidity and strategic execution [8] Management's Comments on Operating Environment and Future Outlook - Management noted that the energy and infrastructure landscape is undergoing a fundamental transformation, positioning the company at its center [8] - The company is proactively collaborating with customers to provide supply chain solutions focused on cost optimization and growth [13] - Management remains confident in the multiyear compound annual growth rate (CAGR) expectations for renewable energy generation and storage [14] Other Important Information - The company repurchased approximately $135 million of its common stock, with $365 million remaining under its existing repurchase authorization [14] - The company received credit upgrades from S&P Global Ratings, which are expected to lower borrowing costs and expand liquidity [12] Q&A Session Summary Question: Impact of Long Island Power Authority's decision on guidance - Management indicated that the decision was not anticipated in their guidance [25][26] Question: Expansion of high voltage transmission projects - Management confirmed ongoing firm demand for transmission projects and expects continued backlog growth despite macro uncertainties [30][34] Question: Impact of tariffs on customers - Management stated that they have not seen significant impacts from tariffs within their customer base and believe their portfolio can weather potential disruptions [39][40] Question: Status of interconnection work and backlog - Management noted steady growth in construction starts for renewables and expressed confidence in their backlog [49][50] Question: Strategic benefits from supply chain access - Management highlighted the importance of internal supply chain capabilities and their ability to provide better solutions to clients [90][91] Question: Growth in data centers and underground business - Management acknowledged opportunities in large diameter pipe and natural gas projects, indicating a positive outlook for these segments [132]

Quanta Services (PWR) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Speaker0 Good morning, and welcome to Quanta Services First Quarter twenty twenty five Earnings At this time, all participants are in a listen only mode. A question and answer session will follow management's prepared remarks, and we ask that you please hold all questions until that time. I will then provide instructions for the question and answer session. As a reminder, this conference is being recorded. If you have any objections, pleas ...

Core Insights - Aemetis Biogas completed $1.6 million in sales of California Low Carbon Fuel Standard (LCFS) credits and federal D3 Renewable Identification Numbers (D3 RINs) in April 2025 [2] - The company expects significant growth in LCFS credits due to the approval of seven dairy digesters, which are projected to generate credits with an average carbon intensity lower than -350, representing an increase of over 120% compared to the default rate of -150 [3][4] Financial Performance - Aemetis has generated $70 million from the sale of $83 million in Section 48 investment tax credits over the past 18 months, with additional sales expected as more dairy digesters come online [5] - Starting January 2025, Aemetis Biogas began generating 45Z production tax credits from dairy RNG production, with initial sales anticipated in summer 2025 [6] Operational Developments - The company has signed agreements with 50 dairies and currently operates 11 digesters processing waste from 12 dairies, with plans to bring four more dairies online in Q2 2025 [4] - Aemetis has installed 36 miles of biogas pipeline, with environmental approval for an additional 60 miles to be installed as more digesters are completed [4] Market Outlook - The expected adoption of 20 years of low carbon biofuel mandates by the California Air Resources Board (CARB) is anticipated to rapidly increase the value of LCFS credits [4]