SMA Solar's 9M Net Income Fell 29% On Large-Scale Project Delays

SMA Solar’s 9M Net Income Fell 29% on Large-Scale Project Delays

Germany-based solar equipment manufacturer SMA Solar Technology recorded a net income of €11 million (~$11.38 million) in the first nine months (9M) of 2022, a year-over-year (YoY) decline of 29% ...
/ / Other, Renewable Energy
More Lower Income Households Adopted Solar in the US Between 2010-2021

More Lower Income Households Adopted Solar in the US Between 2010-2021

A higher share of households with lower incomes in the U.S. have been adopting solar over the past 11 years, which has brought down the median household income for solar ...
Residential Solar Firm Sunrun’s Q3 Revenue Jumps 44% YoY on Higher Customer Acquisition

Residential Solar Firm Sunrun’s Q3 Revenue Jumps 44% YoY on Higher Customer Acquisition

U.S.-based company Sunrun posted total revenue of $631.9 million in the third quarter (Q3) of 2022, up 44% year-over-year (YoY), on the back of growth in customer additions and improved ...
/ / Other, Renewable Energy
REC Limited's Net Profit Increases Marginally YoY to ₹51.76 Billion in 1H FY 2023

REC Limited’s Loan Disbursements to Renewable Energy Companies Rises by 426% in 1H FY 2023

REC Limited's consolidated net profit saw a marginal increase of 4% to ₹51.76 billion (~$628.57 million) in the first half (1H) of FY 2023, compared to ₹49.6 billion (~$602.34 million) ...
/ / Markets & Policy, Solar
Increased Demand for Residential Solar Systems Boost Sunnova’s Q3 Revenue by 116%

Increased Demand for Residential Solar Systems Boost Sunnova’s Q3 Revenue by 116%

U.S.-based residential solar company Sunnova posted a year-over-year (YoY) surge of 116% in revenue at $149.3 million for the third quarter (Q3) of 2022 compared to $68.9 million in Q3 ...
/ / Markets & Policy, Solar
Enphase Energy’s Revenue Up 56% YoY to $412.7 Million in Q4 2021

Enphase Energy’s Revenue Up 56% YoY to $412.7 Million in Q4 2021

Enphase Energy, a supplier of microinverter-based solar-plus-storage systems, has reported a revenue of $412.7 million in the fourth quarter (Q4) of 2021, a 56.10% year-over-year (YoY) increase compared to $264.8 ...
/ / Finance and M&A, Solar
Loans Provided to Renewable Energy Sector by REC Limited Up 10% YoY in Q3 FY22

Loans Provided to Renewable Energy Sector by REC Limited Up 10% YoY in Q3 FY22

REC Limited, a public infrastructure finance company involved in financing power projects, disbursed ₹4.7 billion (~$62.93 million) in loans to the renewable energy sector in the third quarter (Q3) of ...
/ / Finance and M&A, Other
NextEra Energy’s Net Income Jumps 22% YoY to $3.57 Billion in 2021

NextEra Energy’s Net Income Jumps 22% YoY to $3.57 Billion in 2021

NextEra Energy, a U.S.-based energy company, has reported a net income of $3.57 billion for 2021, a 22% year-over-year increase compared to $2.91 billion last year. Its fourth-quarter (Q4) results ...
/ / Finance and M&A, Other
Jinko Solar’s Revenue Down Marginally Due to Drop in Solar Module Shipments

Jinko Solar’s Revenue Down Marginally Due to Drop in Solar Module Shipments

Chinese solar cell and module manufacturer Jinko Solar has reported a 2.3% year-over-year (YoY) decline in its total revenue for the third quarter (Q3) of 2021. The total revenue declined to RMB ...
/ / Markets & Policy, Solar
REC Limited’s Loans to Renewable Energy Sector Down 68% YoY in Q2 FY 2022

REC Limited’s Loans to Renewable Energy Sector Down 68% YoY in Q2 FY 2022

REC Limited, a public infrastructure finance company, involved in financing power projects, recorded a 15% year-over-year (YoY) growth in its total income in the second quarter (Q2) of the financial ...
/ / Finance and M&A, Other
Torrent Power's Revenue Jumps 17% YoY to ₹36.48 Billion in Q2 FY 2021

Torrent Power’s Revenue Jumps 17% YoY to ₹36.48 Billion in Q2 FY 2021

Gujarat-based power generator Torrent Power has recorded a revenue of ₹36.48 billion (~$487.55 million) in the second quarter (Q2) of the financial year (FY) 2022, a 17% year-over-year (YoY) growth from ...
/ / Finance and M&A, Other
Sungrow’s Revenue in 1H 2021 Up 18% Led By Solar Inverter, Energy Storage System Sales

Sungrow’s Revenue in 1H 2021 Up 18% Led By Solar Inverter, Energy Storage System Sales

China-based solar inverter manufacturer Sungrow has reported an 18% increase year-over-year (YoY) in revenue in the first half (1H) of 2021. In 1H 2021, the company’s revenue stood at 8.21 billion ...
/ / Inverters & BOS, Solar
Canadian Solar's Net Revenue Increased 105% to $1.43 Billion in Q2 2021

Canadian Solar’s Net Revenue Increased 105% to $1.43 Billion in Q2 2021

Canada-based module manufacturer Canadian Solar released its financial results for the second quarter (Q2) of 2021 and reported a 105% year-over-year (YoY) increase in its net revenue to $1.43 billion from $695.84 ...
/ / Finance and M&A, Solar
Torrent Power's Revenue Inches Up To ₹31 Billion In Q1 FY 2022

Torrent Power’s Revenue Inches Up To ₹31 Billion In Q1 FY 2022

Gujarat-based power generation company Torrent Power declared its financial results for the first quarter (Q1) of the financial year (FY) 2022 and recorded a 3.05% year-over-year (YoY) growth in its revenue from ...
/ / Finance and M&A, Other
Adani Green’s Total Income Up by 23% YoY to ₹10.79 Billion in Q1 FY 2022

Adani Green’s Total Income Up by 23% YoY to ₹10.79 Billion in Q1 FY 2022

Renewable energy company Adani Green Energy Limited (AGEL) reported a total income of ₹10.79 billion (~$145.40 million) in the first quarter (Q1) of the financial year (FY) 2022, a 23% ...
/ / Finance and M&A, Solar
SolarEdge’s Revenue Up by 18% QoQ to $480 Million in Q2 2021

SolarEdge’s Revenue Up by 18% QoQ to $480 Million in Q2 2021

Israel-based SolarEdge Technologies, a manufacturer of solar inverters, power optimizers, and monitoring systems, reported revenues of $480.1 million in the second quarter (Q2) of 2021, an 18% increase compared to $405.5 ...
/ / Finance and M&A, Solar
Torrent Power's Total Income Up by 13% in FY 2021

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 company reported a ...
Module Supplier Canadian Solar Reports 8.6% Rise in Net Revenue in 2020

Module Supplier Canadian Solar Reports 8.6% Rise in Net Revenue in 2020

Canadian Solar, a Canada-based solar module manufacturer, reported an 8.6% increase in net revenue with $3.47 billion in 2020 compared to $3.20 billion in 2019 owing to a 32% annual ...
/ / Finance and M&A, Solar
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% ...
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 ...