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 ...
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 ...
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, ...
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 ...
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 ...
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
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
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 ...
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 ...
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
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% ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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) ...
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 ...
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 ...
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 ...
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 ...
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 ...
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% ...
