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
Solar Tracking Company Array Technologies’ Net Profit Jumps 49% in 2020

Solar Tracking Company Array Technologies’ Net Profit Jumps 49% in 2020

Array Technologies, a U.S.-based solar tracking systems manufacturer, has reported a 49% increase in net profit with $59.07 million in 2020 from $39.74 million in 2019, despite a $9.77 million ...
/ / Markets & Policy, Solar
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 ...
Solar Curtailment Could Rise Globally as PV Penetration Increases

Solar Curtailment Could Rise Globally as PV Penetration Increases

The trend of curtailment of renewable power has started taking shape globally. Power firms in China, Chile, several U.S. markets, including Arizona, California, Hawaii, and Texas, had to curtail at ...
/ / Markets & Policy, Solar
Polysilicon Supplier GCL-Poly Warns its Shareholders of Huge Losses in 1H 2020

Polysilicon Supplier GCL-Poly Warns its Shareholders of Huge Losses in 1H 2020

GCL-Poly Energy Holdings Limited, one of the largest suppliers of polysilicon to the solar market globally, warned its shareholders to expect losses to the tune of RMB 1.5 billion (~$217 ...
/ / Finance and M&A, Solar
Daily News Wrap-Up_ Flipkart Joins Climate Group’s Electric Mobility Initiative EV100

Daily News Wrap-Up: Flipkart Joins Climate Group’s Electric Mobility Initiative EV100

Here are some noteworthy cleantech news and announcements of the day from around the world: The technical commission delegated by the Ministry of Energy and Non-Renewable Energy Resources of Ecuador ...
/ / Other, Renewable Energy
Bailing Out Power DISCOMs at Every Crisis is Not the Way to Fix Them

Bailing Out Power DISCOMs at Every Crisis is Not the Way to Fix Them

Distribution Companies (DISCOMs) have been a significant strain on the Indian power system. Their poor financial performance has been weighing down the entire sector with their inability to pay power ...
Suzlon’s Outstanding Debt Reaches ₹127.85 Billion

Suzlon’s Outstanding Debt Reaches ₹127.85 Billion

Renewable energy company Suzlon Energy Limited has disclosed an outstanding debt of ₹127.85 billion (~$1.8 billion), according to the company’s Bombay Stock Exchange (BSE) filing. The company has filed the ...
/ / Finance and M&A, Other