nextracker

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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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Designing Resilient Solar Trackers for Highly Corrosive Geographies

Solar tracker technology has advanced considerably in the past decade. Trackers play an important role in helping the world transition to cleaner energy sources. They...

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Daily News Wrap-Up: North Western Railway Issues 2.7 MW Rooftop Solar Tender

North Western Railway has issued a tender for a cumulative capacity of 2.748 MW of grid-connected rooftop solar systems at platform shelters and station buildings in...

August 6, 2024

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Mercom Staff

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Daily Wrap-up
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Nextracker’s Net Income Up 95% YoY in Q1 FY 2025 as Global Demand Grows

Solar tracker firm Nextracker has recorded a net income of $139 million, a 95% year-over-year (YoY) increase compared to $71 million for the first quarter (Q1) of the...

August 5, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Funding and M&A Roundup: Doral Renewables Secures $400 Million

From: Mercom Capital Group Doral Renewables, a utility-scale renewable energy project developer, secured a $400 million minority equity investment from Dutch pension APG...

June 26, 2024

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Staff

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Finance and M&A

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Solar
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Daily News Wrap-Up: Top Solar Module Mounting Firms in 2023

Goodluck India, Arctech, and GameChange Solar were the top three module mounting structure suppliers to the Indian solar market in the calendar year 2023. Raydean...

May 17, 2024

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Mercom Staff

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Daily Wrap-up
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Nextracker Q4 Net Income Soars 710%, Revenue Up 42% on Robust Demand

Solar tracker firm Nextracker‘s fourth-quarter revenue jumped 42% to $737 million in financial year (FY) 2024 from $518 million last year, reflecting robust demand...

May 16, 2024

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Arshreet Singh

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Finance and M&A

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Solar
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Daily News Wrap-Up: MNRE to Implement Green Hydrogen in Steel Industry

The government has launched pilot projects aimed at decarbonizing the steel sector using green hydrogen under the National Green Hydrogen Mission, the Ministry of New...

February 6, 2024

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Mercom Staff

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Daily Wrap-up
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Nextracker’s Q3 Revenue Up 38% YoY on Higher Deliveries in US

Solar tracker firm Nextracker reported a 38% year-over-year (YoY) jump in its revenue for the third quarter (Q3) of the financial year (FY) 2023-24, helped by higher...

February 5, 2024

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Arshreet Singh

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Finance and M&A
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Funding and M&A Roundup: Cirba Solutions Raises $50 Million for Battery Recycling

From: Mercom Capital Group Cirba Solutions, a provider of end-to-end battery recycling management solutions, received a $50 million minority investment from Tokyo-based...

February 15, 2023

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Staff

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Finance and M&A

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Other
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Solar Tracker Firm NEXtracker Raises $638 Million in IPO

Integrated solar tracker and software solutions firm NEXtracker, a subsidiary of diversified manufacturing company Flex, has raised $638 million in an initial public...

February 10, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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Daily News Wrap-Up: Waaree to Expand its Solar Module Production Line to 12 GW

Here are some noteworthy cleantech announcements of the day from around the world: Solar module manufacturer Waaree Energies plans to ramp up its module production line...

December 21, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Trina Was Top Solar Module Supplier in 2017, NEXTracker the Top Tracker Supplier to India

According to module shipment data for 2017, Trina Solar was the single largest supplier of modules to India in 2017. The newly released report by Mercom India...

July 2, 2018

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Sampath Krishna

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Markets & Policy

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Solar
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India’s Solar O&M is Drawing in Large Global Players like NEXTracker

The more than 15 GW of solar capacity installed in India will require quality operation and maintenance (O&M) services, paving way for large global players to enter...

September 27, 2017

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Saumy Prateek

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Markets & Policy

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Solar

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