First Solar to Build its Fourth Manufacturing Facility Worth $1 Billion in the US

First Solar to Build its Fourth Manufacturing Facility in the US Investing Over $1 Billion

U.S.-based solar module manufacturer First Solar announced it has selected Lawrence County, Alabama, to build its fourth solar photovoltaic module manufacturing facility in the U.S. The facility is expected to ...
/ / Other, Renewable Energy
Wind Turbine Maker Nordex's 9M Net Loss Grows to €372 Million on Supply Chain Disruptions

Nordex’s 9M Net Loss Grows to €372 Million on Supply Chain Disruptions

Germany-based wind turbine manufacturer Nordex SE reported a net loss of €371.6 million (~$385.1 million) in the first nine months (9M) of the calendar year (CY) 2022, compared to €103.7 ...
/ / Finance and M&A, Other
India Announces Long-Term Low-Carbon Development Strategy at COP27

India Announces Long-Term Low-Carbon Development Strategy at COP27

At the UN Climate Change Conference (COP27) in Egypt, India unveiled a multi-pronged strategy to achieve low-carbon growth, which includes expanding and stabilizing the renewable electricity grid, phasing down coal, ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Saatvik Green Energy Bags 4 MW Module Supply Order from BHEL

Daily News Wrap-Up: Saatvik Green Energy Bags 4 MW Module Supply Order from BHEL

Here are some noteworthy cleantech announcements of the day from around the world: Saatvik Green Energy secured a 4 MW solar module supply order after the reverse auction conducted by ...
/ / Other, Renewable Energy
New South Wales Tender Receives Bids for 8 GW of Wind, Solar and Storage Projects

New South Wales Tender Receives Bids for 8 GW of Wind, Solar and Storage Projects

The Australian Energy Market Operator (AEMO) Services has received bids for over 8 GW of wind, solar, and long-duration storage projects in the first round of the inaugural tendering process ...
/ / Other, Renewable Energy
Edelweiss Energy InvIT Raises ₹23 Billion, To Invest in Renewables

Edelweiss Closes Energy InvIT Worth ₹23 Billion, to Invest in Renewables

Edelweiss Real Assets Managers, part of Edelweiss Alternatives, an India-based alternative asset advisor, has closed its maiden energy infrastructure investment trust (InvIT) - AnZen India Energy Yield Plus Trust, with ...
ReNew Power’s Q2 FY23 Revenue Inches Up by 5% YoY

ReNew Power’s Q2 FY23 Revenue Inches Up by 5% YoY

Independent renewable power producer ReNew Power posted revenue of ₹22.4 billion ($275 million) in the second quarter (Q2) of the financial year (FY) 2023, up 5.1% year-over-year (YoY). The revenue ...
Daily News Wrap-Up: Sunsure Commissions a 74 MW Open Access Solar Project in Tamil Nadu

Daily News Wrap-Up: Sunsure Commissions a 74 MW Open Access Solar Project in Tamil Nadu

Here are some noteworthy cleantech announcements of the day from around the world: Sunsure Energy commissioned a 74 MW open access solar power project in the Tirunelveli district of Tamil Nadu. Sunsure is the ...
/ / Other, Renewable Energy
Funding and M&A Roundup: iSun Raises $25 Million in Debt Financing

Funding and M&A Roundup: iSun Raises $25 Million in Debt Financing

From: Mercom Capital Group iSun, a solar service provider across residential, commercial, industrial & municipal, and utility-scale projects, secured a $25 million debt financing as a Senior Secured Convertible Notes Facility with a single ...
/ / Finance and M&A, Other
LDES, United States, Department of Energy, Biden-Harris Administration

US Announces $350 Million for Long-Duration Energy Storage Demonstration Projects

The Biden-Harris Administration has announced a $350 million fund for Long-Duration Energy Storage (LDES) demonstration projects. These storage projects are built to deliver electricity for up to 10 to 24 ...
SMA Solar's 9M Net Income Fell 29% On Large-Scale Project Delays

SMA Solar’s 9M Net Income Fell 29% on Large-Scale Project Delays

Germany-based solar equipment manufacturer SMA Solar Technology recorded a net income of €11 million (~$11.38 million) in the first nine months (9M) of 2022, a year-over-year (YoY) decline of 29% ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Google Signs 5 TWh PPA with Engie for Offshore Wind Farm

MNRE Issues Draft Tender to Lease Sea Bed for 4 GW of Offshore Wind Projects

Ministry of New and Renewable Energy (MNRE) has issued a draft tender to select wind power developers for leasing sea-bed areas to develop 4 GW of offshore wind power projects ...
/ / Other, Wind
Sembcorp To Acquire 795 MW Solar Projects In China for $165 Million

Sembcorp to Acquire 795 MW Solar Projects in China for $165 Million

Singapore-based renewable energy company Sembcorp Industries will acquire three solar projects with a combined capacity of 795 MW in China for RMB 1.16 billion ($165 million). The acquisition value includes ...
/ / Other, Renewable Energy
Daily News Wrap-Up Serentica to Source 1,500 MWh Energy Storage Capacity from Greenko

Daily News Wrap-Up: Serentica to Source 1,500 MWh Energy Storage Capacity from Greenko

Here are some noteworthy cleantech announcements of the day from around the world: Serentica Renewables will source 1,500 MWh of energy storage capacity through Greenko Group's pumped storage projects in ...
/ / Other, Renewable Energy
SJVN’s Profit Up 10% YoY to ₹4.45 billion in Q2 FY23

SJVN’s Profit Up 10% YoY to ₹4.45 billion in Q2 FY23

SJVN Limited, a joint venture between the Government of India and the Government of Himachal Pradesh, posted a profit of ₹4.45 billion (~$55.22 million) in the second quarter (Q2) of ...
/ / Finance and M&A, Other
Battery Storage Firm Flux Power's Net Loss Nearly Halves To $2.13 Million in Q1 FY23

Battery Storage Firm Flux Power’s Net Loss Nearly Halves To $2.13 Million in Q1 FY23

Flux Power Holdings, a U.S.-based lithium-ion storage solutions provider, recorded a net loss of $2.13 million, a 48% year-over-year (YoY) decline in the first quarter (Q1) of the fiscal year ...
/ / Other, Renewable Energy
IREDA's Loan Approvals for Renewables Swells by 89% QoQ in Q2 FY23

IREDA’s Loan Approvals for Renewables Swell by 89% QoQ in Q2 FY23

Indian Renewable Energy Development Agency (IREDA) has posted a profit of ₹1.84 billion (~$22.83 million) in the second quarter (Q2) of the financial year (FY) 2023, marking an increase of ...
/ / Finance and M&A, Other
Maxeon's Q3 Net Loss Shrinks To $44.7 Million On Higher Shipments for Rooftop Solar Market

Maxeon’s Q3 Net Loss Shrinks to $44.7 Million on Higher Shipments for Rooftop Solar Market

Solar module manufacturer Maxeon Solar Technologies' net loss narrowed to $44.7 million in the third quarter (Q3) of 2022, compared to $65.4 million year-over-year (YoY). The company said that the ...
/ / Other, Renewable Energy
Siemens Gamesa Posts Net Profit of €286 Million in Q4 FY22

Siemens Gamesa Posts Net Profit of €286 Million in Q4 FY22

Spain-based wind engineering company Siemens Gamesa Renewable Energy reported a profit of €286 million ($293.34 million) in the fourth quarter (Q4) of the fiscal year (FY) 2022, a year-on-year (YoY) ...
/ / Finance and M&A, Wind
Sembcorp to Acquire Vector Green’s Solar and Wind Portfolio of 583 MW

Sembcorp to Acquire Vector Green’s Solar and Wind Portfolio of 583 MW

Singapore-based renewable energy company Sembcorp’s wholly-owned subsidiary Sembcorp Green Infra Limited has entered into an agreement with India Infrastructure Fund II, managed by Global Infrastructure Partners, to acquire 100% of ...
/ / Renewable Energy, Solar, Wind
Waaree’s Profit Rises by 90% in Q2 FY23 Due to Solar EPC Segment Earnings

Waaree’s Profit Rises by 90% in Q2 FY23 Due to Solar EPC Segment Earnings

Waaree Renewable Technologies, the engineering, procurement, and construction (EPC) arm of Waaree Group, posted a net profit of ₹81.59 million (~$1 million) in the second quarter (Q2) of the financial ...
/ / Other, Renewable Energy
Daily News Wrap-Up Portal Launched to Expedite Green Energy Open Access Connections

Daily News Wrap-Up: Portal Launched to Expedite Green Energy Open Access Connections

Here are some noteworthy cleantech announcements of the day from around the world: Union Power Minister R K Singh launched the green energy open access portal allowing consumers to access ...
/ / Other, Renewable Energy
Torrent Power’s Profit Up by 32% on Higher Electricity Demand, Reduced T&D Losses

Torrent Power’s Profit Up by 32% on Higher Electricity Demand, Reduced T&D Losses

Gujarat-based power company Torrent Power’s profit increased year-over-year (YoY) by 32% to ₹4.8 billion (~$60.04 million) in the second quarter (Q2) of the financial year (FY) 2022-23 due to a ...
Soltec Power Swings to €14.5 Million Profit in Q3 on Better Demand

Brookfield Renewable’s Net Loss Widens to $136 Million in Q3

Canada-based renewable energy investor Brookfield Renewable Partners' net loss widened year-over-year (YoY) by 19% to $136 million in the third quarter (Q3) of 2022 from $115 million. The company attributed ...
/ / Other, Renewable Energy
Wind Turbine Manufacturer Suzlon’s Profit Soars to ₹564 Million in Q2 FY23

Wind Turbine Manufacturer Suzlon’s Profit Soars to ₹564 Million in Q2 FY23

Indian wind turbine manufacturer Suzlon Energy posted a net profit of ₹564.7 million (~$6.95 million) during the second quarter (Q2) of the financial year (FY) 2023, an increase of 555% ...