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 ...
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 ...
REC Earmarks ₹27.9 Billion Loan to Help Jammu and Kashmir DISCOM With its Dues

REC Earmarks ₹27.9 Billion Loan to Help Jammu and Kashmir DISCOM With its Dues

REC Limited has approved a ₹27.9 billion (~$380.9 million) loan to the Jammu Kashmir Power Corporation Limited (JKPCL) under the liquidity infusion program of the Indian Government’s Aatmanirbhar Bharat initiative. The ...
Daqo New Energy to Invest $576 in Polysilicon Manufacturing Facilities Through IPO

Daqo New Energy to Invest $576 Million in Polysilicon Manufacturing Facilities Through IPO

Chinese solar photovoltaic (PV) grade polysilicon manufacturer Daqo New Energy Corporation has revealed plans to raise $732 million (~₹53.7 billion) for new polysilicon manufacturing facilities and working capital requirements. In its press ...
/ / Finance and M&A, Solar
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 ...
DISCOM Aggregate Losses Increased by 68% to ₹496.23 Billion in FY 2018-19_ PFC Report

DISCOM Aggregate Losses Increased by 68% to ₹496.23 Billion in FY 2018-19: PFC Report

The Power Finance Corporation Limited (PFC Limited) has released a report with key findings on the performance of state power utilities in the country for the financial year (FY) 2018-19 ...
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 ...
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 ...
Some DISCOMs Make Progress Under UDAY Program

Some DISCOMs Make Progress Under UDAY Program

The Ujwal DISCOM Assurance Yojana (UDAY) program is helping some state-run distribution companies (DISCOMs) stuck in a debt-rut come out of the vicious spiral. Various DISCOMs across the country were ...