India generated approximately 32 billion units (BU) of solar power in the first quarter  of the calendar year 2024, an 8.8% year-over-year increase. The country’s solar energy generation has steadily increased over the years with the capacity...

From: Mercom Capital Group Matrix Renewables, a global renewable energy company, and Santander Corporate & Investment Banking closed a €300 million (~$322 million) corporate debt financing deal. Matrix secured this financing as Green and...

From: Mercom Capital Group BrightNight, a renewable energy power producer and its joint venture partner Cordelio Power secured a $414 million construction credit facility for the development of 300 MW Box Canyon utility-scale solar project in Pinal...

The Indian Railways has invited bids to empanel agencies to implement 2.33 MW rooftop solar power projects. The last date for the submission of bids is June 3, 2024. Bids will be opened on the same day. The present tender is without central...

U.S.-based solar tracker systems provider FTC Solar‘s net loss narrowed to $8.8 million during the first quarter (Q1) of 2024 from a loss of ₹11.8 million a year ago. Earnings before interest, taxes, depreciation, and amortization (EBITDA)...

Fuel cell manufacturer Bloom Energy recorded a revenue of $235.3 million in the first quarter (Q1) of 2024, a 14.5% year-over-year (YoY) decline from $275.2 million. The company’s net loss for the quarter reduced 24.5% YoY to $56.54 million...

U.S.-based hydrogen fuel cell company Plug Power‘s loss-widening streak continued even after it announced cost-cutting measures following the resolution of going concern doubts in the previous quarter. The New York-based company’s net...

The United States power sector faced fewer delays in installing new utility-scale solar photovoltaic (PV) projects in 2023 compared to 2022, according to a recent analysis by the U.S. Energy Information Administration (EIA). While the percentage of...