Suzlon’s Net Revenue Jumps in Q3 FY 2021 Following Debt Restructuring

Suzlon’s Net Revenue Jumps in Q3 FY 2021 Following Debt Restructuring

Suzlon Energy Limited has announced a 43% jump in its net revenue in the third quarter (Q3) of the financial year (FY) 2021 on the back of a ramp-up in its ...
Adani Green Posts 31% Revenue Growth YoY in Q3 FY 2021 as Solar Sales, Capacity Soar

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 ...
Andhra Pradesh’s Tender for 6.4 GW of Solar Projects Oversubscribed by 8.5 GW

Andhra Pradesh’s Tender for 6.4 GW of Solar Projects Oversubscribed by 8.5 GW

The Andhra Pradesh Green Energy Corporation’s (APGECL) tender to develop 6.4 GW of solar power projects has been oversubscribed by 8.5 GW, according to Mercom’s sources. The state agency received ...
SECI’s 1.2 GW Solar-Wind Hybrid Auction Gets Lowest Tariff of ₹2.41/kWh

SECI’s 1.2 GW Solar-Wind Hybrid Auction Gets Lowest Tariff of ₹2.41/kWh

Three companies won 1.2 GW of solar-wind hybrid projects quoting a tariff of ₹2.41 (~$0.0326)/kWh – the lowest-ever for solar-wind hybrid projects, according to Mercom’s sources. The tariff was discovered ...
Breaking News

Tata and Ashoka Buildcon Win 470 MW in NTPC’s Auction for Solar EPC Services

Tata Power Solar Systems Limited and Ashoka Buildcon Limited have won 470 MW of solar projects in NTPC Limited’s engineering, procurement, and construction (EPC) auction for 1,070 MW of solar projects ...
Month in a Minute_ Top Headlines from Indian Renewable Sector in November 2020

Month in a Minute: Top Headlines from Indian Renewable Sector in November 2020

Here is a recap of some of the most important headlines from November 2020: Blueleaf Energy, a Singapore-based renewable energy company, announced that it acquired a majority stake in an ...
Solar Developer ReneSola Reports Net Revenue of $9.7 Million in Q3 2020

Solar Developer ReneSola Reports Net Revenue of $9.7 Million in Q3 2020

ReneSola, a Shanghai-based solar project developer and operator, posted that its net revenue stood at $9.7 million in the third quarter of 2020 (Q3 2020), down over 85% from $65.9 ...
China’s Solar Polysilicon Manufacturer Daqo Reports 150% Rise in Gross Profit in Q3 2020

China’s Solar Polysilicon Manufacturer Daqo Reports 150% Rise in Gross Profit in Q3 2020

China-based Daqo New Energy Corporation announced that its gross profit stood at $45.3 million in the third quarter or 2020 (Q3 2020), up over 150% from $18.1 million in the same quarter ...
India's New Record for Lowest Solar Tariff is ₹2_kWh

India’s New Record for Lowest Solar Tariff is ₹2/kWh

The Solar Energy Corporation of India’s (SECI) auction for 1,070 MW of solar projects in Rajasthan set a record-low lowest (L1) tariff of ₹2 (~$0.0270)/kWh (Tranche-III), according to Mercom's sources ...
Suzlon Reports ₹6.75 Billion Net Profit in Q2 After Debt Restructuring

Suzlon Reports ₹6.75 Billion Net Profit in Q2 After Debt Restructuring

Pune-based wind turbine manufacturer Suzlon Energy Limited reported a net profit of ₹6.75 billion (~$91.6 million), a turnaround from last year’s net loss of ₹7.78 billion (~$104.4 million). The company ...
/ / Wind
NTPC, Tata Power Win Kerala’s 200 MW Solar Auction at 2.97_kWh

NTPC, Tata Power Win Kerala’s 200 MW Solar Auction at ₹2.97/kWh

NTPC Limited has won 90 MW of solar projects in the Kerala State Electricity Board Limited’s (KSEB) reverse e-auction for 200 MW. It won the capacity for the lowest (L1) discovered ...
Residential Solar Installer Sunrun’s Deployments Up 40% QoQ in Q3 2020

Residential Solar Installer Sunrun’s Deployments Up 40% QoQ in Q3 2020

Sunrun, a U.S.-based provider of residential solar, storage, and energy services announced that its revenue in the third quarter of 2020 (Q3 2020) stood at ₹209.8 million, down about 3% ...
First Solar Reports 70% Year-Over-Year Increase in Net Sales in Q3 2020

First Solar Reports 70% Year-Over-Year Increase in Net Sales in Q3 2020

U.S.-based solar panel manufacturer First Solar announced that its net sales in the third quarter of 2020 (Q3 2020) stood at $928 million, up over 70% or $381 million from the same ...
Sterling and Wilson Solar’s Profit Falls 63% YoY in Q1 FY 2021

Sterling and Wilson Solar’s Profit Falls 63% YoY in Q1 FY 2021

Sterling and Wilson Solar Limited (SWSL), a solar engineering, procurement, and construction (EPC) company, reported a 63% fall in profits year over year (YoY) during the quarter ended June 30, ...
REC’s Subsidiary the Lowest Bidder with ₹2.58_kWh in SECI’s 10 MW Bagru Solar Auction

REC’s Subsidiary the Lowest Bidder with ₹2.58/kWh in SECI’s 10 MW Bagru Solar Auction

The REC Power Distribution Company Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, announced that it was the lowest bidder in the Solar Energy Corporation of India’s (SECI) e-reverse auction ...
Winners of Gujarat’s 700 MW Solar Auction_ Vena Energy, Tata, ReNew, O2 Power, SJVN

Winners of Gujarat’s 700 MW Solar Auction: Vena Energy, Tata, ReNew, O2 Power, SJVN

Vena Energy Renewables, Tata Power, ReNew Power, SJVN Limited, and TEQ Green Power (a subsidiary of O2 Power) are winners in the auction for 700 MW of solar projects floated ...
Tata Power Registers 10% Rise in Net Profits, 11% Dip in Revenue in Q1 2021

Tata Power Registers 10% Rise in Net Profits, 11% Dip in Revenue in Q1 2021

Tata Power announced its earnings for the quarter ended June 30, 2020 (Q1 2021), and posted a net profit of ₹2.68 billion (~$35.9 million), a 10.3% increase from ₹2.43 billion (~$32.6 ...
Amp Energy, Tata, Azure, and O2 Power Winners in NTPC’s 1.2 GW Solar Auction

Amp Energy, Tata, Azure, and O2 Power Winners in NTPC’s 1.2 GW Solar Auction

O2 Power, Azure Power, Tata Power, and Amp Energy have together won 1,170 MW of projects in NTPC Limited’s auction for 1.2 GW of the interstate transmission system (ISTS) connected ...
Suzlon’s Net Losses Rose to $26.92 Billion in FY 2020 Amid Historically Low Installations

Suzlon’s Net Losses Rose to ₹26.92 Billion in FY 2020 Amid Historically Low Installations

Pune-based wind turbine-maker Suzlon Energy, in its annual earnings report for the financial year (FY) 2020, reported that its losses during the year had widened due to falling revenues and lower ...
/ / Other, Wind
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 ...
Sterling and Wilson Solar Reports Slump in Revenues and Profits in FY 2020

Sterling and Wilson Solar Reports Slump in Revenues and Profits in FY 2020

Sterling and Wilson Solar Limited, a solar engineering, procurement, and construction (EPC) company, has reported lower revenue, profit, and earnings before income, tax, depreciation, and amortization (EBITDA) for the year ...
ReNew Power Wins SECI’s 400 MW Round-The-Clock Renewable Tender at ₹2.90_kWh

ReNew Power Wins SECI’s 400 MW Round-The-Clock Renewable Tender at ₹2.90/kWh

The Solar Energy Corporation of India (SECI) has announced the winner of its tender for 400 MW of renewable power on a round-the-clock (RTC) basis. ReNew Power won the auction for ...
Wind Turbine Maker Siemens Gamesa’s Revenue Slips 7.7%

Wind Turbine Maker Siemens Gamesa’s Revenue Slips 7.7%

Siemens Gamesa Renewable Energy (SGRE), a wind turbine maker, has reported a 7.7% fall in revenue in the second quarter of the financial year 2020 (January-March) as a result of ...
/ / Wind
Despite COVID-19 Slowdown, SolarEdge Reports 59% Rise in Revenue YoY in Q1 2020

Despite COVID-19 Slowdown, SolarEdge Reports 59% Rise in Revenue YoY in Q1 2020

SolarEdge Technologies Incorporated (SolarEdge), an Israel-based solar solutions provider, registered a revenue of $431.2 million (~₹32.41 billion) in the quarter ending March 31, 2020, a 59% increase from $271.9 million ...
Solar Inverter Supplier Sungrow Reports 25.4% Rise in Revenue in 2019

Solar Inverter Supplier Sungrow Reports 25.4% Rise in Revenue in 2019

Sungrow, a China-based solar inverter manufacturer, has reported that its revenue increase by 25.4% to $1.864 billion (~₹140.43 billion) in the fiscal year 2019, up from $1.572 billion (~₹118.44 billion) ...