Meyer Burger Reports a Net Loss of CHF 64.47 Million in 2020

Meyer Burger Reports a Net Loss of CHF 64.47 Million in 2020

Meyer Burger, a Switzerland-based engineering company, has unveiled its plans to enter the U.S. solar market, intending to start solar cell sales in the second half of 2021. In June, ...
/ / Finance and M&A, Solar
Distributed Solar Company Fourth Partner Enters JV With Indonesian Energy Company

Distributed Solar Company Fourth Partner Enters JV With Indonesian Energy Company

Distributed solar company, Fourth Partner Energy, has announced a joint venture (JV) - Empat Mitra Indika Tenaga Surya – with Indonesia-based energy company Indika Energy to speed up renewable energy transition ...
Sterling and Wilson and Enel X Partner to Provide EV Charging Infrastructure

Sterling and Wilson and Enel X Partner to Provide EV Charging Infrastructure

Sterling and Wilson, Mumbai-based engineering, procurement, and construction company, has signed a joint venture (JV) agreement with U.S.-based energy solutions company Enel X to enter the e-mobility segment in India. The companies ...
Residential Solar Company Sunrun Installs Over 600 MW of Solar in 2020

Residential Solar Company Sunrun Installs Over 600 MW of Solar in 2020

U.S.-based residential solar, storage, and energy services provider Sunrun has announced that its total revenue in the fourth quarter of 2020 (Q4 2020) stood at $320.4 million, a 31% increase ...
First Solar Reports 34% Year-Over-Year Slide in Net Sales in Q4 2020

First Solar Reports 34% Year-Over-Year Slide in Net Sales in Q4 2020

U.S.-based solar module maker First Solar has announced that its net sales in the fourth quarter of 2020 (Q4 2020) stood at $609.2 million, down 34% from about $1.4 billion in the ...
SolarEdge’s Revenue Inches Up in The Final Quarter of 2020

SolarEdge’s Revenue Inches Up in the Final Quarter of 2020

SolarEdge Technologies, an Israel-based solar inverter provider, announced that its revenue in the fourth quarter of the year ended December 31, 2020 (Q4 2020) was up 6% with $358.1 million ...
Sterling and Wilson Solar’s Revenue Up 22% in Q3 FY 2021

Sterling and Wilson Solar’s Revenue Up 22% in Q3 FY 2021

Sterling and Wilson Solar’s (SWSL) revenue from operations stood at ₹13.11 billion (~$180.8 million) in the third quarter (Q3) of the financial year 2021 (FY 2021), up 22% from ₹10.76 ...
Azure Power Posts 15.6% Rise in Revenue in Q3 FY 2021 Due to Higher Operational Capacity

Azure Power Posts 15.6% Rise in Revenue in Q3 FY 2021 Due to Higher Operational Capacity

Azure Power posted a 15.6% rise in its revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) on the back of an increase in its operational ...
REC Limited’s Net Profit Hits All-Time High in Q3 FY 2021

REC Limited’s Net Profit Hits All-Time High in Q3 FY 2021

REC Limited has announced that it has registered a net profit of ₹22.6 billion (~$310.9 million) in the third quarter (Q3) of the financial year (FY) 2021, an increase of 38% ...
Tata Power Reports 8% Rise in Total Revenue, 22.3% Increase in Profits

Tata Power Reports 8% Rise in Total Revenue, 22.3% Increase in Profits

Tata Power has said its total revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) stood at ₹77.4 billion (~$1.06 billion), up 8% from ₹71.7 billion (~$986 ...
Adani Green Posts 31% Revenue Growth YoY in Q3 FY 2021 as Solar Sales, Capacity Soar

Adani Green Posts 31% Revenue Growth YoY in Q3 FY 2021 as Solar Sales, Capacity Soar

Adani Green Energy Limited (AGEL) reported a 61% rise in total income in Q3 2021 compared to the same quarter the previous year. During the quarter, AGEL earned ₹8.43 billion ...
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 ...