Material Shortages, Supply Disruptions Cause 13% Dip in SMA Solar’s Net Income in 1H 2022

Material Shortages, Supply Disruptions Cause 13% Dip in SMA Solar’s Net Income in 1H 2022

Material shortages and supply chain disruptions negatively impacted the sales and financials of solar equipment supplier SMA Solar Technology during the first half (1H) of the financial year (FY) 2022 ...
/ / Finance and M&A, Solar
Battery Company Solid Power Reports 360% YoY Increase in Revenue in Q2 2022

Battery Company Solid Power Reports 360% YoY Increase in Revenue in Q2 2022

Solid Power, an all-solid-state rechargeable battery cells manufacturer, reported revenue of $2.58 million in the second quarter (Q2) of 2022, a 360% year-over-year (YoY) growth compared to $561,000 in Q1 ...
/ / Other, Renewable Energy
China to Add 108 GW of Solar by the End of 2022 NEA

China to Add 108 GW of Solar by the End of 2022: NEA

China's National Energy Administration (NEA) has announced that out of the 121 GW of solar projects under construction, nearly 108 GW of new solar capacity will be connected to the ...
Residential Solar Firm Sunrun’s Total Revenue Surges 48% YoY in Q1 2022

Residential Solar Firm Sunrun’s Total Revenue Surges 48% YoY in Q1 2022

Sunrun, a U.S.-based residential solar, battery storage, and energy services company, announced financial results for the first quarter (Q1) of the calendar year (CY) 2022. The company’s total revenue in ...
India Needs Just 14 GW to Meet the 60 GW by 2022 Large-Scale Solar Target

India Needs Just 14 GW to Meet the 60 GW Large-Scale Solar Target by 2022

India has installed 45.6 GW of utility-scale solar capacity to date, 14.4 GW shy of meeting the government-set target of installing 60 GW by 2022, according to Mercom’s India Solar ...
Torrent Power Records a 17% YoY Increase in Revenue in FY 2022

Torrent Power Records a 17% YoY Increase in Revenue in FY 2022

Gujarat-based power company Torrent Power has announced the fourth quarter (Q4) and full-year financial results for the financial year (FY) 2021-22. The company recorded a revenue of ₹37.44 billion (~$484.63 ...
/ / Finance and M&A, Other
SunPower Records a 45% YoY Increase in Revenue in Q1 2022

SunPower Records a 45% YoY Increase in Revenue in Q1 2022

SunPower Corporation, a distributed generation storage and energy services provider, announced the financial results for the first quarter (Q1) of the calendar year (CY) 2022. The company posted revenue of ...
First Solar Reports Net Loss of $43.25 Million in Q1 2022 Amid Dip in Module Sales

First Solar Reports Net Loss of $43.25 Million in Q1 2022 Amid Dip in Module Sales

U.S.-based solar modules manufacturer First Solar has recorded a net loss of $43.25 million in the first quarter (Q1) of 2022 representing a quarter-over-quarter (QoQ) decline of 67.07% compared to ...
Tariffs, Tax Breaks, & Incentives Solar Sector Has Big Expectations from 2022 Budget

Tariffs, Tax Breaks, & Incentives: Solar Sector Has Big Expectations from Budget 2022

India is looking at some large capacity additions in the years ahead to reach the target of 300 GW of solar by 2030. The country’s cumulative installed solar capacity at ...
Industry Expects Energy Storage to Gain More Ground in 2022

Industry Expects Energy Storage to Gain More Ground in 2022

India's renewable energy capacity is growing exponentially, driven by the ambitious target of achieving 500 GW of non-fossil energy capacity by 2030. Energy storage is expected to play a critical ...