financial-year

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IEX Records 19% Jump in Q3 Profits, Trades 400 MU of Green Energy

The Indian Energy Exchange’s (IEX) profit after tax (PAT) demonstrated an uptrend, with an 18.9% year-over-year (YoY) increase, soaring to ₹918 million (~$11 million) in...

January 25, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Daily News Wrap-Up: NTPC’s 1,500 MW Solar Auction Results

Anboto Solar (Solarpack), Apraava Energy, Avaada Energy, and ReNew Solar Power (ReNew) were declared winners in NTPC’s auction to set up 1,500 MW of interstate...

January 5, 2024

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Mercom Staff

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Daily Wrap-up
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NTPC Invites Bids for 4.1 MW Rooftop Solar Projects

NTPC has invited bids for the engineering, procurement, and construction of grid-connected rooftop solar power projects with a cumulative capacity of 4,106 kW at five...

January 3, 2024

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Gautamee Hazarika

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Rooftop

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Solar

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Tenders & Auctions
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Flux Power’s Revenue Up by 61% YoY to $42.3 Million in FY 2022 as Sales Volumes Surge

Flux Power Holdings, a U.S.-based lithium-ion storage solutions provider, recorded a 61% year-over-year (YoY) growth in revenue on the back of shipments of $42.3 million...

September 27, 2022

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Gourav Mishra

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Energy Storage

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Market & Policy
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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)...

August 19, 2022

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Gourav Mishra

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Finance and M&A

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Solar
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Tata Power’s Revenue Up 28% YoY to ₹425 Billion in FY22

Tata Power recorded revenue of ₹425.76 billion (~$5.53 billion), a 28% year-over-year (YoY) surge from ₹332.39 billion (~$4.31 billion) in the financial year (FY)...

May 10, 2022

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Gourav Mishra

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Markets & Policy

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Solar
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Torrent Power’s Total Income Up by 13% in FY 2021

Torrent Power has announced the results for the fourth quarter (Q4) of the financial year (FY) 2020-2021. As per the financial statement released by the company, the...

May 25, 2021

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Rakesh Ranjan

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Markets & Policy

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Solar
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Karnataka Extends Renewable Purchase Obligation Compliance for FY 2020 to August

Amid the ongoing coronavirus (COVID-19) crisis and the nationwide lockdown, the Karnataka Electricity Regulatory Commission (KERC) has decided to extend the time for...

May 18, 2020

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Anjana Parikh

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Other

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Renewable Energy
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India’s Wind Power Installations Flat in 2019 with 2.4 GW

Wind installations were flat in India with 2.4 GW of wind power capacity added in the calendar year (CY) 2019, compared to 2.3 GW 2018. The cumulative wind power...

February 25, 2020

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Anjana Parikh

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Mercom Research Focus

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Other
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Adani to Develop 700 MW of Wind-Solar Hybrid Projects at a Renegotiated Tariff of ₹3.24/kWh

Rosepetal Solar Energy Private Limited (RSEPL), a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has been allotted a 700 MW wind-solar hybrid power...

January 30, 2020

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Anjana Parikh

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Wind
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Andhra Pradesh Floats O&M Tender for Two Solar Parks of 1 GW and 1.5 GW

The Andhra Pradesh Solar Power Corporation Private Limited (APSPCL) has issued operation and maintenance (O&M) tenders for two of the state’s ultra-mega solar parks....

December 2, 2019

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Anjana Parikh

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Solar

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Tenders & Auctions
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Bharathi Cement Turns to Solar with a 10 MW Solar Project at its Facility in Andhra Pradesh

Bharathi Cement, a leading cement manufacturer, has commissioned a 10 MW ground-mounted solar power project in its manufacturing facility at Kadapa in Andhra Pradesh....

September 19, 2019

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Anjana Parikh

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Solar

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Utility Scale
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Adani Green Records 40% Revenue Increase As New Renewable Projects Begin Generation

Adani Green Energy Limited (AGEL), the renewable energy arm of Adani Group, has announced its financial report for the first quarter (Q1) of the financial year (FY) 2020,...

August 27, 2019

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Ramya Ranganath

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Finance and M&A

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Solar

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