financials

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Daily News Wrap-Up: NVVN Awards 66 MW Solar Projects to Two Companies

NTPC Vidyut Vyapar Nigam (NVVN) has awarded seven contracts to Kirloskar Solar Technologies to develop 32.29 MW ground-mounted and 14.74 MW rooftop solar projects, with...

November 15, 2024

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Mercom Staff

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Daily Wrap-up
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Price Cuts of Imported Solar Glass Plunge Borosil Into ₹131 Million Loss in Q2

Mumbai-based solar glass manufacturer Borosil Renewables reported a net loss of ₹131.27 million (~$1.55 million) in the second quarter (Q2) of the financial year (FY)...

November 12, 2024

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Staff

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Finance and M&A

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Solar
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Suspension of Facilities Sinks REC Silicon into 112.09% YoY Net Loss in Q3 2024

Norway-based silicon material manufacturer REC Silicon‘s net loss widened 112.09% year-over-year (YoY) to $52.6 million in the third quarter (Q3) 2024 from $24.8...

November 12, 2024

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Melvin Mathew

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Finance and M&A

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Solar
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Daily News Wrap-Up: India’s Solar Share in Installed Power Capacity Up 20%

India’s installed power capacity was 450.7 GW as of September 2024. Renewable energy accounted for 44.3% of the country’s power capacity mix, with 199.5 GW installed at...

November 12, 2024

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Mercom Staff

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Daily Wrap-up
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SJVN’s Q2 FY25 Revenue Up 17% YoY, Driven by Renewables Expansion

Government-owned power generation company SJVN’s revenue rose 16.38% year-over-year (YoY) to ₹11.08 billion (~$131.33 million) in the second quarter (Q2) of the...

November 11, 2024

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Staff

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Finance and M&A

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Other

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Solar

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Wind
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Nextracker Posts Seventh Consecutive Quarter of Double-Digit Revenue Growth

US-based solar tracker firm Nextracker’s net profit climbed 193.9% year-over-year (YoY) to $115.39 million in the second quarter (Q2) of the financial year (FY) 2024-25...

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Daily News Wrap-Up: Powerica Wins SECI’s 500 MW Wind Auction

Powerica has won Solar Energy Corporation of India’s (SECI) auction to develop 500 MW interstate transmission system (ISTS)-connected wind power projects (Tranche-XVII)....

October 29, 2024

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Staff

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Daily Wrap-up
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Gensol Engineering’s Net Profit Surges Eight Fold to ₹120 Million in Q3 FY24

Engineering and consulting firm Gensol Engineering posted a net profit of ₹123.1 million (~$1.5 million) in the third quarter (Q3) of the financial year (FY) 2024, an...

January 24, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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Waaree Renewable Tech’s Profit Surges by 158% to ₹645 Million YoY in Q3 FY24

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a net profit of ₹644.6 million (~$7.7 million)...

January 23, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Strong Domestic EPC Operations Lowers Sterling and Wilson’s Q3 Net Loss

The engineering, procurement, and construction (EPC) arm of Shapoorji Pallonji Group, Sterling and Wilson Renewable Energy’s consolidated net loss reduced by 37%...

January 19, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Tata Power Reports Net Profit of ₹10 Billion in Q2 FY24, Up 9% YoY

Tata Power, an integrated power company, clocked a net profit of ₹10.2 billion (~$122.5 million) in the second quarter (Q2) of the financial year (FY) 2024, marking a...

November 8, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Tesla’s Net Income Falls 36% in Q3 as Lower EV Prices Hurt Profits

U.S.-based electric vehicle (EV) maker Tesla reported a net income of $2.3 billion in the third quarter (Q3) of the financial year (FY) 2023, a 36% year-over-year (YoY)...

October 19, 2023

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Arjun Joshi

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Other

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Renewable Energy
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PFC Logs Net Profit of ₹60 Billion in Q1 FY 2023, Up 30% YoY

Power Finance Corporation (PFC) has recorded a net profit of ₹59.82 billion (~$720.9 million) for the first quarter (Q1) of the financial year (FY) 2024, a...

August 22, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Scatec Posts a Profit of $38 Million in Q2 on Increased Project Development

Norway-based independent power producer Scatec reported a net profit of NOK402 million (~$38.07 million) in the second quarter (Q2) of 2023, a significant improvement...

August 21, 2023

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Satish Shetty

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Other

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Renewable Energy
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Interest Expense Dents Eos Energy’s Earnings in Q2 Despite Lower Costs

Energy storage solutions provider Eos Energy Enterprises‘ net loss widened to $131.6 million for the second quarter (Q2) of the financial year 2023 from $56.7...

August 16, 2023

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Arjun Joshi

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Other

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Renewable Energy

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