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, ...
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 $9.77 million ...
Solar Glass Manufacturer Xinyi Solar’s Profit Jumps 79% in 2020
Xinyi Solar, a China-based solar glass manufacturer and project developer, has announced a 79.52% increase in its net profit to HK$ 5.023 billion (~$647.46 million) in 2020 from HK$2.798 billion ...
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 ...
Power Finance Corporation’s Revenue Up 16% in Q3 FY 2021
The Power Finance Corporation (PFC) has reported a rise in its revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) with ₹184.42 billion (~$2.5 billion), up ...
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 ...
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 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 ...
Strong Performance of Solar Assets Takes Adani Green’s Revenue Up by 10% YoY
Adani Green Energy Limited (AGEL) declared its financial results for the first quarter of the financial year 2020-2021. Despite COVID, The company’s revenue and ‘earnings before interest taxes depreciation amortization’ ...
Sungrow Reports Nearly 56% Rise in Revenue in the First Half of 2020
Sungrow, a solar inverter manufacturer, reported that its revenue increased by 55.57% year-over-year (YoY). In the first half (1H) of the financial year (FY) 2020-21, its revenue inched up to ...
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 ...
Tata Power Reports 12% Rise in Q3 FY20 Net Profit with Renewable Additions
Tata Power has announced its earnings for the third quarter of the financial year 2020 (Q3 FY20), posting a net profit of ₹2.46 billion (~$34.5 million) during the quarter, up ...
LONGi Solar Records 41% YoY Revenue Growth In the First Half of 2019
Chinese module supplier, LONGi Solar, has announced its financial results for the first half (1H) of 2019. The company’s operating revenue in the 1H of 2019 reached ¥14.11 billion ($2.08 ...
Solar Developer Azure Power’s Revenue Increases by 40% to $35 Million in Q3 of FY2019
Azure Power (NYSE: AZRE) has announced its consolidated results for the third quarter ending December 31, 2018. The total revenue in the third quarter of FY19 stood at ₹2.430.8 million ...
Sembcorp Energy India Reports SGD 28.9 Million Net Profit in the July-September Quarter
Sembcorp Energy India Ltd (SEIL), has posted a net profit of SGD 28.9 million (~$21.02 million) in the July-September quarter. In comparison, the company suffered a loss of SGD 2.7 ...
Solar Developer Renesola’s Gross Profit Dips to $8.2 Million in Q2 2018
ReneSola Ltd, a fully integrated solar project developer and operator, has announced its unaudited financial results for the second quarter which ended June 30, 2018. The gross profit was $8.2 million, ...
Helped by Higher Renewable Generation, Tata Power’s Revenues up 16% in Q1 of FY 2018-19
Tata Power’s Q1 FY19 revenue was up 16 percent at ₹71.39 billion (~$1.04 billion) compared to ₹61.66 billion (~$0.09 billion) Q1 FY18. Standalone revenue stood at ₹18.44 billion (~$0.27 billion) ...
Suzlon Generates Revenue of ₹82.92 Billion, Net Loss of ₹3.84 Billion During FY 2018
Domestic renewable energy project developer Suzlon has declared its annual financial results for the financial year (FY) of 2018. It also announced that it commissioned 626 MW of wind power ...
NTPC’s Net Profit Increases by 41% in Q4 of 2017-18
The state-owned power company National Thermal Power Corporation Ltd. (NTPC) recently declared its annual financial results, registering a growth of 10.21 percent Profit After Tax (PAT) for the year 2017-18. NTPC’s ...
Renewables a Significant Contributor to Tata Power’s Annual Profit of ₹26.79B for FY 2017-18
Tata Power’s annual consolidated profit after tax (PAT) stood at ₹26.79 billion (~$401.48 million), up 144 percent when compared with the previous year, the company announced recently. Tata Power’s underlying ...