Sungrow Power Supply Co. (300274.SZ) 2Q25 in line; NT US ESS demand strong on rush project new starts but with LT uncertainties; AIDC power business still in early stage; Neutral 300274.SZ 12m Price Target: Rmb79.70 Price: Rmb102.60 Downside: 22.3% Post market close on Aug 25, 2025, Sungrow announced 2Q25 results in line with GSe, with revenue/gross profit/EBIT/net income at Rmb24,497mn/Rmb8,269mn/Rmb4,603mn/Rmb3,908mn (+33%/+52%/+30%/+37% yoy), -5%/+4%/-10%/-4% vs. GSe, largely in line; GPM/OPM/NPM was 34% ...

Core Viewpoint - Westbridge Renewable Energy Corp. is consolidating its common shares on a 1-for-4 basis to enhance institutional investor participation and improve trading liquidity, effective August 22, 2025 [1][5]. Share Consolidation Details - The consolidation will reduce the number of outstanding shares from approximately 101,149,851 to about 25,287,462 [2]. - No fractional shares will be issued; any fractional interests will be rounded down to the nearest whole number [4]. Shareholder Instructions - Registered shareholders will receive letters of transmittal and must send their pre-consolidation share certificates to Computershare Trust Company of Canada to receive post-consolidation shares [3]. Strategic Rationale - The consolidation is aimed at positioning the company for broader institutional investor participation and supporting its long-term capital markets strategy [5]. Company Overview - Westbridge Renewable Energy focuses on developing utility-scale solar PV projects and battery energy storage systems, with a portfolio in Canada, the U.S., the U.K., and Italy [6]. - The company aims to deliver sustainable electricity and energy storage solutions to meet increasing energy demand and enhance grid reliability [6].

Core Insights - Quanta Services, Inc. has been recognized as the top solar solutions provider in the U.S. for the second time in three years and the top energy storage solutions provider in Solar Power World's inaugural ranking [1][2] - In 2024, Quanta operating companies installed over 10,000 megawatts of domestic solar generating capacity and more than 1,200 megawatts of domestic energy storage capacity [1] Company Overview - Quanta Services is a leader in providing specialized infrastructure solutions across various sectors including utility, renewable energy, technology, communications, pipeline, and energy industries [3] - The company offers comprehensive services that encompass designing, installing, repairing, and maintaining energy and communications infrastructure [3] - Quanta operates in the U.S., Canada, Australia, and select international markets, possessing the manpower and resources to handle projects of varying scopes [3]

First of three projects with APS now in operation, delivering flexible capacity to the grid KITCHENER, ON, July 7, 2025 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ), and a leading global developer, owner, and operator of solar and energy storage assets, announced today that the 1,200 MWh Papago Storage facility in Maricopa County, Arizona, has reached commercial operation. The project is now dispatching stored energy to Arizona Public Service (APS), ...

Core Viewpoint - Enlight Renewable Energy Ltd. has secured a $773 million debt financing package for its Country Acres solar and energy storage project in California, which is expected to reach full commercial operation by the second half of 2026 [1][3]. Financing Details - The debt financing includes construction loans from a consortium of four banks: BNP Paribas, Crédit Agricole, Natixis, and Norddeutsche Landesbank, with the construction loan converting into a $376 million term loan upon project completion [1][6]. - The project has a 30-year solar generation Power Purchase Agreement (PPA) and a 20-year energy storage PPA with the Sacramento Municipal Utility District (SMUD) [2]. Project Specifications - Country Acres will consist of 403 MW of solar generation capacity and 688 MWh of energy storage capacity, providing clean electricity for approximately 80,000 California households [3][4]. - Construction has commenced on the 966-acre site, with all procurement contracts signed [3]. Strategic Expansion - Country Acres is part of Enlight's broader strategy to expand its presence in the U.S. renewable energy market, alongside other projects like Quail Ranch and Roadrunner [4]. - The company's U.S. revenue run rate is projected to reach between $195 million and $207 million annually after the completion of current projects [4]. Future Projects - Upcoming projects in the western U.S. include Snowflake (600 MW and 1,900 MWh) and CO Bar (1,211 MW and 824 MWh), both of which are nearing the construction phase [5]. - These projects will utilize a grid connection of 1.0 GW, creating additional development opportunities through the "Connect and Expand" strategy [5]. Partnerships and Support - The financing for Country Acres marks the second financial closing with the same group of lenders in three months, highlighting strong partnerships [6]. - Executives from the involved banks expressed their commitment to supporting Enlight and Clenera in their renewable energy initiatives [7].