Canadian Solar's Q3 Net Income Soars 123% to $78.5 Million on Strong Demand

Canadian Solar’s Q3 Net Income Soars 123% to $78.5 Million on Strong Demand

Solar module manufacturer Canadian Solar reported a net income of $78.5 million for the third quarter (Q3) of the financial year 2022, a surge of 123% year-over-year (YoY) on the ...
/ / Finance and M&A, Solar
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
SJVN’s Profit Up 10% YoY to ₹4.45 billion in Q2 FY23

SJVN’s Profit Up 10% YoY to ₹4.45 billion in Q2 FY23

SJVN Limited, a joint venture between the Government of India and the Government of Himachal Pradesh, posted a profit of ₹4.45 billion (~$55.22 million) in the second quarter (Q2) of ...
/ / Finance and M&A, Other
Battery Storage Firm Flux Power's Net Loss Nearly Halves To $2.13 Million in Q1 FY23

Battery Storage Firm Flux Power’s Net Loss Nearly Halves To $2.13 Million in Q1 FY23

Flux Power Holdings, a U.S.-based lithium-ion storage solutions provider, recorded a net loss of $2.13 million, a 48% year-over-year (YoY) decline in the first quarter (Q1) of the fiscal year ...
/ / Other, Renewable Energy
IREDA's Loan Approvals for Renewables Swells by 89% QoQ in Q2 FY23

IREDA’s Loan Approvals for Renewables Swell by 89% QoQ in Q2 FY23

Indian Renewable Energy Development Agency (IREDA) has posted a profit of ₹1.84 billion (~$22.83 million) in the second quarter (Q2) of the financial year (FY) 2023, marking an increase of ...
/ / Finance and M&A, Other
Maxeon's Q3 Net Loss Shrinks To $44.7 Million On Higher Shipments for Rooftop Solar Market

Maxeon’s Q3 Net Loss Shrinks to $44.7 Million on Higher Shipments for Rooftop Solar Market

Solar module manufacturer Maxeon Solar Technologies' net loss narrowed to $44.7 million in the third quarter (Q3) of 2022, compared to $65.4 million year-over-year (YoY). The company said that the ...
/ / Other, Renewable Energy
Waaree’s Profit Rises by 90% in Q2 FY23 Due to Solar EPC Segment Earnings

Waaree’s Profit Rises by 90% in Q2 FY23 Due to Solar EPC Segment Earnings

Waaree Renewable Technologies, the engineering, procurement, and construction (EPC) arm of Waaree Group, posted a net profit of ₹81.59 million (~$1 million) in the second quarter (Q2) of the financial ...
/ / Other, Renewable Energy
Fuel Cell Company Bloom Energy’s Net Loss Down to $57 Million in Q3 2022

Fuel Cell Company Bloom Energy’s Net Loss Down to $57 Million in Q3 2022

Bloom Energy, a U.S.-based solid oxide fuel cells manufacturer, recorded a net loss of $57.07 million in the third quarter (Q3) of 2022, a 52% quarter-over-quarter (QoQ) decline. On a ...
/ / Other, Renewable Energy
Siemens Gamesa Posts Net Profit of €286 Million in Q4 FY22

Farm-downs, Partnerships Drive Wind Developer Orsted’s Profit Up in Q3

Denmark-based wind developer Orsted posted a net profit of DKK9.36 billion (~$1.26 billion) in the third quarter (Q3) of 2022, a massive jump of 1,821% year-over-year (YoY). The company earned ...
/ / Other, Renewable Energy
Amara Raja Advance Cell Company to Manufacture Lithium-Ion Batteries

Amara Raja Advance Cell Company to Manufacture Lithium-Ion Batteries

Amara Raja Batteries recorded a consolidated net profit of ₹2.02 billion (~$24.54 million) in the second quarter (Q2) of the financial year (FY) 2023, a jump of 40% year-over-year (YoY) ...
/ / Other, Renewable Energy
Hitachi Energy India’s Q2 FY23 Profit Up 8.5% YoY

Hitachi Energy India’s Q2 FY23 Profit Up 8.5% YoY

Hitachi Energy India reported a profit after tax of ₹372 million ($4.5 million) in the second quarter (Q2) for the financial year (FY) 2023, an increase of 8.5% year-over-year (YoY) ...
Increased Investment in Renewables Drives Iberdrola’s Net Profit Up 29% in 9M 2022

Increased Investment in Renewables Drives Iberdrola’s Net Profit Up 29% in 9M 2022

Iberdrola recorded a net profit of €3.1 billion (~$3.07 billion) in the first nine months (9M) of 2022. The net profit rose 29% year-over-year (YoY), driven by strong international performance ...
/ / Other, Renewable Energy
Daqo New Energy’s Q3 Net Income Jumps 11% YoY Amid Rise in Polysilicon Demand

Daqo New Energy’s Q3 Net Income Jumps 11% YoY Amid Rise in Polysilicon Demand

Daqo New Energy Corporation, the Chinese photovoltaic (PV)-grade polysilicon manufacturer, posted a net income of $323.4 million in Q3, 2022, a year-over-year (YoY) increase of 11%. The net income growth ...
/ / Other, Renewable Energy
JSW Energy’s Profit Rises 37% YoY in Q2 2023

JSW Energy’s Profit Rises 37% YoY in Q2 2023

Integrated power company JSW Energy posted a profit after tax (PAT) of ₹4.66 billion (~$56.31 million) in the second quarter (Q2) of the financial year (FY) 2023, a year-over-year (YoY) ...
/ / Finance and M&A, Other
NTPC’s Q2 FY23 Consolidated Net Profit Dips 7.4% on Higher Fuel Cost

NTPC’s Q2 FY23 Consolidated Net Profit Dips 7.4% on Higher Fuel Cost

State-owned power producer NTPC reported a net profit of ₹34.2 billion (~$414.6 million) for the second quarter of the current fiscal year, a dip of 7.4% compared to the same ...
DISCOMs’ Aggregate Loss Soars to ₹502.81 Billion in FY 2021

DISCOMs’ Aggregate Loss Soars to ₹502.81 Billion in FY 2021

The aggregate losses for distribution companies (DISCOMs) stood at ₹502.81 billion (~$6.11 billion) in financial year (FY) 2020-21, an increase of 66% compared to ₹302.03 billion (~$3.67 billion) in FY ...
/ / Other, Renewable Energy
ReNew Power’s Revenue for Q1 FY23 Up by 48% to ₹25 Billion

ReNew Power’s Revenue for Q1 FY23 Up by 48% to ₹25 Billion

Independent power producer ReNew Power posted total revenue of ₹25 billion (~$313.41 million) for the first quarter (Q1) of the fiscal year (FY) 2023, an increase of 48.8% compared to ...
/ / Other, Renewable Energy
REC Silicon’s Revenue Up by 26% YoY With $45 Million in Q2 2022

REC Silicon’s Revenue Up by 26% YoY With $45 Million in Q2 2022

REC Silicon, a leading producer of advanced silicon materials, posted a revenue of $45 million in the second quarter (Q2) of the calendar year (CY) 2022, up 20% from $34.6 ...
/ / Other, Renewable Energy
Torrent Power Records a 110% YoY Increase in Revenue in Q1 FY23

Torrent Power Records a 110% YoY Increase in Revenue in Q1 FY23

Gujarat-based power company Torrent Power recorded revenue of ₹66.19 billion (~$832.01 million) in the first quarter (Q1) of the financial year (FY) 2023, a year-over-year (YoY) increase of 110% compared ...
/ / Other, Renewable Energy
Sembcorp Profit from Renewables Increases by 217% in 1H 2022

Sembcorp Profit from Renewables Increases by 217% in 1H 2022

Singapore-based renewable energy company Sembcorp Industries recorded a net profit of S$490 million (~$356 million) in the first half (1H) of 2022, an increase of 94% compared to S$46 (~$33 million) ...
/ / Other, Renewable Energy
ReNew Power’s Revenue Up 27% YoY in FY 2022, Renewable Portfolio Grows by 1.7 GW

ReNew Power’s Revenue Up 27% YoY in FY 2022, Renewable Portfolio Grows by 1.7 GW

Independent power producer ReNew Power has announced the results for the fourth quarter (Q4) of the fiscal year (FY) 2022 and the fiscal year ended March 31, 2022. The company ...
/ / Uncategorized
Solar Inverter Company SolarEdge’s Revenue Up by 54% YoY to $551.91 Million in Q4 2021

Solar Inverter Company SolarEdge’s Revenue Up by 54% YoY to $551.91 Million in Q4 2021

SolarEdge Technologies, an Israel-based manufacturer of solar inverters, power optimizers, and monitoring systems, reported a revenue of $551.91 million in the fourth quarter (Q4) of 2021, a 54% year-over-year (YoY) ...
/ / Markets & Policy, 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
Sterling and Wilson Solar's QoQ Revenue Up 20% in Q2 FY22

Sterling and Wilson Solar’s QoQ Revenue Up 20% in Q2 FY22

Sterling and Wilson Solar, the solar engineering and construction arm of the Shapoorji Pallonji Group, has recorded a revenue of ₹14.38 billion (~$193.24 million) in the second quarter (Q2) of the ...
/ / Finance and M&A, Other
Suzlon Registers 18% Quarterly Increase in Net Revenue in Q2 FY 2022

Suzlon Registers 18% Quarterly Increase in Net Revenue in Q2 FY 2022

Pune-based renewable energy solutions provider Suzlon Energy Limited has reported net revenue of ₹13.47 billion (~$180.80 million) for the second quarter (Q2) of the financial year (FY) 2022, an increase of 18% ...
/ / Finance and M&A, Other
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