Array Tech to Acquire Solar Tracker Manufacturer STI Norland for $652 Million

Array Tech to Acquire Solar Tracker Manufacturer STI Norland for $652 Million

Array Technologies, a U.S.-based solar tracking systems manufacturer, has signed an agreement to acquire Soluciones Técnicas Integrales Norland (STI Norland) for €570 million (~$652.16 million) in cash and stock. The ...
/ / Finance and M&A, Solar
Tata Power’s Renewable Portfolio Grows 10%, Revenue Inches Up to 13% YoY in Q2 FY 2022

Tata Power’s Renewable Portfolio Grows 10%, Revenue Inches Up to 13% YoY in Q2 FY 2022

Tata Power has recorded a revenue of ₹95.02 billion (~$1.26 billion) in the second quarter (Q2) of the financial year (FY) 2022, a 13% growth from ₹84.28 billion (~$1.12 billion) ...
/ / Finance and M&A, Solar
Torrent Power's Revenue Jumps 17% YoY to ₹36.48 Billion in Q2 FY 2021

Torrent Power’s Revenue Jumps 17% YoY to ₹36.48 Billion in Q2 FY 2021

Gujarat-based power generator Torrent Power has recorded a revenue of ₹36.48 billion (~$487.55 million) in the second quarter (Q2) of the financial year (FY) 2022, a 17% year-over-year (YoY) growth from ...
/ / Finance and M&A, Other
Azure Power Logs 13% YoY Growth in Revenue in Q1 FY 2022

Azure Power Logs 13% YoY Growth in Revenue in Q1 FY 2022

Independent solar power producer Azure Power posted a 13% year-over-year (YoY) rise in its revenue in the first quarter (Q1) of the financial year (FY) 2022, driven by projects commissioned after Q2 ...
/ / Finance and M&A, Solar
Sterling and Wilson Solar’s Revenue Jumps 11.8% in Q1 FY 2022

Sterling and Wilson Solar’s Revenue Jumps 11.8% in Q1 FY 2022

Sterling and Wilson Solar, the solar engineering and construction arm of the Shapoorji Pallonji Group, has recorded a revenue of ₹11.95 billion (~$161.12 million) in the first quarter (Q1) of the ...
/ / Markets & Policy, Solar
Torrent Power's Revenue Inches Up To ₹31 Billion In Q1 FY 2022

Torrent Power’s Revenue Inches Up To ₹31 Billion In Q1 FY 2022

Gujarat-based power generation company Torrent Power declared its financial results for the first quarter (Q1) of the financial year (FY) 2022 and recorded a 3.05% year-over-year (YoY) growth in its revenue from ...
/ / Finance and M&A, Other
Tata Power’s Solar EPC Business Drives Revenues Up in Q1 FY 2022

Tata Power’s Solar EPC Business Drives Revenues Up in Q1 FY 2022

Tata Power declared its financial results for the first quarter (Q1) of the financial year (FY) 2022 and recorded a 47% growth in consolidated revenues to ₹98.31 billion (~$1.32 billion) compared ...
/ / Finance and M&A, Solar
Adani Green’s Total Income Up by 23% YoY to ₹10.79 Billion in Q1 FY 2022

Adani Green’s Total Income Up by 23% YoY to ₹10.79 Billion in Q1 FY 2022

Renewable energy company Adani Green Energy Limited (AGEL) reported a total income of ₹10.79 billion (~$145.40 million) in the first quarter (Q1) of the financial year (FY) 2022, a 23% ...
/ / Finance and M&A, Solar
IEX

Indian Energy Exchange’s Revenues Up by 20% YoY in FY 2021

The Indian Energy Exchange's (IEX) revenue in financial year (FY) 2021 was up by nearly 20% and stood at ₹3.56 billion (~$48.48 million) compared to ₹2.97 billion (~$40.45 million) in ...
Solar Tracking Company Array Technologies’ Net Profit Jumps 49% in 2020

Solar Tracking Company Array Technologies’ Net Profit Jumps 49% in 2020

Array Technologies, a U.S.-based solar tracking systems manufacturer, has reported a 49% increase in net profit with $59.07 million in 2020 from $39.74 million in 2019, despite a $9.77 million ...
/ / Markets & Policy, Solar
Solar Module Manufacturer Websol Reports 21.3% Rise in Revenue in Q3 of FY 2021

Solar Module Manufacturer Websol Reports 21.3% Rise in Revenue in Q3 of FY 2021

The Kolkata-based solar cells and modules manufacturer, Websol Energy Systems, has announced the financial results for the third quarter (Q3) of the financial year 2021 (FY21). The company reported a ...
/ / Markets & Policy, Solar
With New Solar Projects Commissioned, Azure Power’s Revenue Rises 29% in Q4 FY 2020

With New Solar Projects Commissioned, Azure Power’s Revenue Rises 29% in Q4 FY 2020

Azure Power has announced its consolidated results for the fourth quarter (Q4) of the financial year (FY) 2020. The company stated that its revenues stood at ₹3.67 billion (~$48.75 million), ...