Month in a Minute_ Top Headlines from Indian Renewable Sector in November 2020

Month in a Minute: Top Headlines from Indian Renewable Sector in November 2020

Here is a recap of some of the most important headlines from November 2020: Blueleaf Energy, a Singapore-based renewable energy company, announced that it acquired a majority stake in an ...
Solar Developer ReneSola Reports Net Revenue of $9.7 Million in Q3 2020

Solar Developer ReneSola Reports Net Revenue of $9.7 Million in Q3 2020

ReneSola, a Shanghai-based solar project developer and operator, posted that its net revenue stood at $9.7 million in the third quarter of 2020 (Q3 2020), down over 85% from $65.9 ...
China’s Solar Polysilicon Manufacturer Daqo Reports 150% Rise in Gross Profit in Q3 2020

China’s Solar Polysilicon Manufacturer Daqo Reports 150% Rise in Gross Profit in Q3 2020

China-based Daqo New Energy Corporation announced that its gross profit stood at $45.3 million in the third quarter or 2020 (Q3 2020), up over 150% from $18.1 million in the same quarter ...
Sterling and Wilson Solar's Revenue Up 12% in Q2 of FY 2021

Sterling and Wilson Solar’s Revenue Up 12% in Q2 of FY 2021

Sterling and Wilson Solar, one of the leading solar engineering, procurement, and construction (EPC) services providers, has announced the financial results for the second quarter (Q2) of the financial year ...
/ / Markets & Policy, Solar
Suzlon Reports ₹6.75 Billion Net Profit in Q2 After Debt Restructuring

Suzlon Reports ₹6.75 Billion Net Profit in Q2 After Debt Restructuring

Pune-based wind turbine manufacturer Suzlon Energy Limited reported a net profit of ₹6.75 billion (~$91.6 million), a turnaround from last year’s net loss of ₹7.78 billion (~$104.4 million). The company ...
/ / Wind
Residential Solar Installer Sunrun’s Deployments Up 40% QoQ in Q3 2020

Residential Solar Installer Sunrun’s Deployments Up 40% QoQ in Q3 2020

Sunrun, a U.S.-based provider of residential solar, storage, and energy services announced that its revenue in the third quarter of 2020 (Q3 2020) stood at ₹209.8 million, down about 3% ...
First Solar Reports 70% Year-Over-Year Increase in Net Sales in Q3 2020

First Solar Reports 70% Year-Over-Year Increase in Net Sales in Q3 2020

U.S.-based solar panel manufacturer First Solar announced that its net sales in the third quarter of 2020 (Q3 2020) stood at $928 million, up over 70% or $381 million from the same ...
Sterling and Wilson Solar’s Profit Falls 63% YoY in Q1 FY 2021

Sterling and Wilson Solar’s Profit Falls 63% YoY in Q1 FY 2021

Sterling and Wilson Solar Limited (SWSL), a solar engineering, procurement, and construction (EPC) company, reported a 63% fall in profits year over year (YoY) during the quarter ended June 30, ...
Tata Power Registers 10% Rise in Net Profits, 11% Dip in Revenue in Q1 2021

Tata Power Registers 10% Rise in Net Profits, 11% Dip in Revenue in Q1 2021

Tata Power announced its earnings for the quarter ended June 30, 2020 (Q1 2021), and posted a net profit of ₹2.68 billion (~$35.9 million), a 10.3% increase from ₹2.43 billion (~$32.6 ...
Suzlon’s Net Losses Rose to $26.92 Billion in FY 2020 Amid Historically Low Installations

Suzlon’s Net Losses Rose to ₹26.92 Billion in FY 2020 Amid Historically Low Installations

Pune-based wind turbine-maker Suzlon Energy, in its annual earnings report for the financial year (FY) 2020, reported that its losses during the year had widened due to falling revenues and lower ...
/ / Other, Wind
REC Limited Disbursed ₹5.24 billion in Loans to Renewable Energy Sector in FY2020

REC Limited Disbursed ₹5.24 Billion in Loans to Renewable Energy Sector in FY2020

REC Limited has reported a 15.2% fall in its net profit during the financial year (FY) ending March 31, 2020, attributing it to market volatility as a result of the ...
Sterling and Wilson Solar Reports Slump in Revenues and Profits in FY 2020

Sterling and Wilson Solar Reports Slump in Revenues and Profits in FY 2020

Sterling and Wilson Solar Limited, a solar engineering, procurement, and construction (EPC) company, has reported lower revenue, profit, and earnings before income, tax, depreciation, and amortization (EBITDA) for the year ...
Wind Turbine Maker Siemens Gamesa’s Revenue Slips 7.7%

Wind Turbine Maker Siemens Gamesa’s Revenue Slips 7.7%

Siemens Gamesa Renewable Energy (SGRE), a wind turbine maker, has reported a 7.7% fall in revenue in the second quarter of the financial year 2020 (January-March) as a result of ...
/ / Wind
Despite COVID-19 Slowdown, SolarEdge Reports 59% Rise in Revenue YoY in Q1 2020

Despite COVID-19 Slowdown, SolarEdge Reports 59% Rise in Revenue YoY in Q1 2020

SolarEdge Technologies Incorporated (SolarEdge), an Israel-based solar solutions provider, registered a revenue of $431.2 million (~₹32.41 billion) in the quarter ending March 31, 2020, a 59% increase from $271.9 million ...
Solar Inverter Supplier Sungrow Reports 25.4% Rise in Revenue in 2019

Solar Inverter Supplier Sungrow Reports 25.4% Rise in Revenue in 2019

Sungrow, a China-based solar inverter manufacturer, has reported that its revenue increase by 25.4% to $1.864 billion (~₹140.43 billion) in the fiscal year 2019, up from $1.572 billion (~₹118.44 billion) ...
Adani Power Reports ₹22.75 Billion in Losses During FY 2019-20

Adani Power Reports ₹22.75 Billion in Losses During FY 2019-20

Adani Power Limited (APL), India’s largest private power generator, reported that its consolidated loss after tax widened to ₹22.75 billion (₹301.1 million) in the financial year (FY) 2019-20, up significantly ...
Tata Power Reports 12% Rise in Q3 FY20 Net Profit with Renewable Additions

Tata Power Reports 12% Rise in Q3 FY20 Net Profit with Renewable Additions

Tata Power has announced its earnings for the third quarter of the financial year 2020 (Q3 FY20), posting a net profit of ₹2.46 billion (~$34.5 million) during the quarter, up ...
Suzlon’s Net Loss Reaches ₹7.78 Billion in Q2 of FY 2020

Suzlon’s Net Loss Reaches ₹7.78 Billion in Q2 of FY 2020

Pune-based renewable energy solutions provider Suzlon Group has announced its financial results for the second quarter (Q2) of the fiscal year 2019-20 (FY 2020). Suzlon reported a net loss of ...
/ / Wind
With Newly Commissioned Solar Projects, Azure Sees a 28% Rise in Revenue in Q2 FY20

With Newly Commissioned Solar Projects, Azure Power Sees a 28% Rise in Revenue in Q2 FY20

Azure Power (NYSE: AZRE) has announced its consolidated financial results for the second quarter of the financial year (FY) ending September 30, 2019. The independent solar power producer reported that ...
Adani Green’s Profit for Q2 FY20 Reaches ₹10.2 Million

Adani Green’s Profit for Q2 FY20 Reaches ₹10.2 Million

Adani Green Energy Limited (AGEL), the renewable energy arm of Adani Group, has announced its consolidated results for the first half of the financial year (FY) 2020 and the second ...
Suzlon Reduces its Net Loss by ₹1.75 Billion in Q4 of FY 2019

Suzlon Reduces its Net Loss by ₹1.75 Billion in Q4 of FY 2019

Wind turbine supplier and renewable energy developer Suzlon Energy Limited has announced its quarterly and annual results for the financial year (FY) 2019. The company reported that its consolidated net ...