IEX Reports 4.4% YoY Dip in Profit for Q3 FY23, Trades 23 BU of Power

IEX Reports 4.4% YoY Dip in Profit for Q3 FY23, Trades 23 BU of Power

The Indian Energy Exchange (IEX) has reported a 4.4% year-on-year (YoY) decrease in profit after tax (PAT) from ₹807 million (~$9.94 million) to ₹772 million (~$9.51 million) in the third ...
/ / Other, Renewable Energy
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 ...
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
Fuel Cell Company Bloom Energy’s Net Loss Down to $57 Million in Q3 2022

Fuel Cell Company Bloom Energy’s Net Loss Down to $57 Million in Q3 2022

Bloom Energy, a U.S.-based solid oxide fuel cells manufacturer, recorded a net loss of $57.07 million in the third quarter (Q3) of 2022, a 52% quarter-over-quarter (QoQ) decline. On a ...
/ / Other, Renewable Energy
Solid Power Posts Loss of $12.4 Million in Q3 As Operating Expenses Soar

Solid Power Posts Loss of $12.4 Million in Q3 As Operating Expenses Soar

Solid Power, Inc., a U.S.-based developer of all-solid-state battery cells for electric vehicles (EVs), reported a net loss of $12.4 million for the third quarter (Q3) 2022, a 46% increase ...
/ / Other, Renewable Energy
Increased Investment in Renewables Drives Iberdrola’s Net Profit Up 29% in 9M 2022

Increased Investment in Renewables Drives Iberdrola’s Net Profit Up 29% in 9M 2022

Iberdrola recorded a net profit of €3.1 billion (~$3.07 billion) in the first nine months (9M) of 2022. The net profit rose 29% year-over-year (YoY), driven by strong international performance ...
/ / Other, Renewable Energy
Module Manufacturer First Solar Reports Net Loss of $49 Million in Q3 2022

Module Manufacturer First Solar Reports Net Loss of $49 Million in Q3 2022

U.S.-based solar modules manufacturer First Solar has recorded a net loss of $49.17 million in the third quarter (Q3) of 2022, representing a quarter-over-quarter (QoQ) fall in income by 188% ...
/ / Other, Renewable Energy
IEX Reports 8% YoY Dip in Profit for Q2 FY23, Trades 23.1 BU of Power

IEX Reports 8% YoY Dip in Profit for Q2 FY23, Trades 23.1 BU of Power

The Indian Energy Exchange (IEX) has reported an 8% year-on-year (YoY) decrease in profit after tax from ₹774 million (~$9.34 million) to ₹712 million (~$8.6 million) in the second quarter ...
/ / Other, Renewable Energy
Canadian Solar’s Revenue Up 62% YoY, Driven by Higher Module and Battery Storage Shipments

Canadian Solar’s Revenue Up 62% YoY, Driven by Higher Module and Battery Storage Shipments

Solar photovoltaic module manufacturer Canadian Solar posted revenue of $2.31 billion for the second quarter (Q2) of the calendar year 2022, up by 61.54% year-over-year (YoY) from $1.43 billion in ...
/ / Finance and M&A, Solar
Energy Storage Firm Fluence Posts 14% Drop in Revenue at $239 for Q3 FY 2022

Energy Storage Firm Fluence Posts 14% Drop in Revenue at $239 Million for Q3 FY 2022

U.S.-based global energy storage technology and services provider Fluence recorded revenue of $239 million for the third quarter (Q3) of the financial year (FY) 2022 against $278 million in Q3 ...
Fuel Cell Manufacturer Bloom Energy Records Net Loss of $118 Million in Q2 2022

Fuel Cell Manufacturer Bloom Energy Records Net Loss of $118 Million in Q2 2022

Bloom Energy, a U.S.-based solid oxide fuel cells manufacturer, recorded total revenue of $243.24 million in the second quarter (Q2) 2022, a 6.4% year-over-year (YoY) growth compared to $228.47 million ...
/ / Other, Renewable Energy
Supply Chain Woes Hit Siemens Gamesa’s Wind Turbine Manufacturing, Revenue Dips

Supply Chain Woes Hit Siemens Gamesa’s Wind Turbine Manufacturing, Revenue Dips

Spain-based wind turbine manufacturer Siemens Gamesa reported a net loss of €446 million (~$453 million) in the third quarter (Q3) of the fiscal year (October to September), a year-over-year (YoY) ...
/ / Wind
Adani Green Registers a 57% YoY Rise in Revenue in Q1 FY2023

Adani Green Registers a 57% YoY Rise in Revenue in Q1 FY2023

Renewable energy company Adani Green Energy (AGEL) has generated revenue of ₹13.28 billion (~$168.72 million) from the sale of energy in the first quarter (Q1) of the financial year (FY) ...
/ / Other, Renewable Energy
NTPC’s Net Profit Jumps 16% YoY to ₹39.77 Billion in Q1 FY 2023

NTPC’s Net Profit Jumps 16% YoY to ₹39.77 Billion in Q1 FY 2023

NTPC recorded a total income of ₹436 billion (~$5.54 billion) in the first quarter (Q1) of the financial year (FY) 2023, a year-over-year (YoY) increase of 4.34% from ₹304 billion ...
/ / Other, Renewable Energy
First Solar Records a 99% QoQ Growth in Revenue in Q2 2022

First Solar Records a 99% QoQ Growth in Revenue in Q2 2022

U.S.-based solar modules manufacturer First Solar has recorded a net income of $55.8 million in the second quarter (Q2) of 2022, representing a quarter-over-quarter (QoQ)  increase of 99% compared to ...
/ / Other, Renewable Energy
Tata Power's Revenue from Renewables Business Up 48% YoY in Q1 FY23

Tata Power’s Revenue from Renewables Business Up 31% YoY in Q1 FY23

Tata Power has recorded consolidated revenues of ₹147.53 billion (~$1.84 billion) in the first quarter (Q1) of the financial year (FY) 2023, a 48% year-over-year (YoY) growth compared to ₹99.74 ...
/ / Finance and M&A, Other
IEX Reports 11% YoY Increase in Profit for Q1 FY23, Trades 22.2 BU of Power

IEX Reports 11% YoY Increase in Profit for Q1 FY23, Trades 22.2 BU of Power

The Indian Energy Exchange (IEX) has reported an 11.3% year-on-year (YoY) increase in profit after tax from ₹621 million (~$7.78 million) to ₹691 million (~$8.66 million) in the first quarter ...
/ / Other, Renewable Energy
JSW Energy’s Revenue Increased by 68% YoY to ₹31.15 Billion in Q1 FY 2023

JSW Energy’s Revenue Increased by 68% YoY to ₹31.15 Billion in Q1 FY 2023

JSW Energy registered revenue of ₹31.15 billion (~$389.62 million) in the first quarter (Q1) of the financial year (FY) 2023, an increase of 68% year-over-year (YoY) over ₹18.6 billion (~$232.65 ...
ReNew Power’s Revenue Up 27% YoY in FY 2022, Renewable Portfolio Grows by 1.7 GW

ReNew Power’s Revenue Up 27% YoY in FY 2022, Renewable Portfolio Grows by 1.7 GW

Independent power producer ReNew Power has announced the results for the fourth quarter (Q4) of the fiscal year (FY) 2022 and the fiscal year ended March 31, 2022. The company ...
/ / Uncategorized
Battery Company Solid Power Reports 358% YoY Increase in Revenue in Q1 2022

Battery Company Solid Power Reports 358% YoY Increase in Revenue in Q1 2022

Solid Power, an all-solid-state rechargeable battery cells manufacturer, reported a revenue of $2.2 million in the first quarter (Q1) 2022, a 358% year-over-year (YoY) increase compared to $480,000 in Q1 ...
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 ...
Plug Power Posts $156 Million Loss in Q1 2022, Pins it on Rising Natural Gas Prices

Plug Power Posts $156 Million Loss in Q1 2022, Pins it on Rising Natural Gas Prices

Plug Power, a U.S.-based hydrogen fuel cell (HFC) turnkey solutions company, recorded a revenue of $140.8 million in the first quarter (Q1) of 2022, a 96% year-over-year (YoY) growth compared ...
SMA Solar Technology’s Net Income Up 22% to €28 million in FY 2021

SMA Solar Technology’s Net Income Up 22% to €28 million in FY 2021

SMA Solar Technology AG, a German solar equipment supplier, recorded revenue of €221 million (~$232 million) in the first quarter (Q1) of 2022, a year-over-year (YoY) decline of 8% from ...
Battery Technology Company Romeo Power Logs $11.6 Million Revenue in Q1 2022

Battery Technology Company Romeo Power Logs $11.6 Million Revenue in Q1 2022

Romeo Power, a U.S.-based battery technology company, recorded total revenue of $11.6 million in the first quarter (Q1) of 2022, a 955% year-over-year (YoY) increase compared to $1.1 million in ...
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