Wind Turbine Maker Nordex's 9M Net Loss Grows to €372 Million on Supply Chain Disruptions

Nordex’s 9M Net Loss Grows to €372 Million on Supply Chain Disruptions

Germany-based wind turbine manufacturer Nordex SE reported a net loss of €371.6 million (~$385.1 million) in the first nine months (9M) of the calendar year (CY) 2022, compared to €103.7 ...
/ / Finance and M&A, Other
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
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
Wind Turbine Manufacturer Suzlon’s Profit Soars to ₹564 Million in Q2 FY23

Wind Turbine Manufacturer Suzlon’s Profit Soars to ₹564 Million in Q2 FY23

Indian wind turbine manufacturer Suzlon Energy posted a net profit of ₹564.7 million (~$6.95 million) during the second quarter (Q2) of the financial year (FY) 2023, an increase of 555% ...
Adani Green's Profits Up 50% YoY in Q2 FY23 on the Back of Higher Sale of Power

Adani Green’s Profits Up 50% YoY in Q2 FY23 on the Back of Higher Sale of Power

Adani Green Energy (AGEL) posted cash profits of ₹6.01 billion (~$73.98 million) in the second quarter (Q2) of the financial year (FY) 2023, a 50% increase over ₹4.01 billion (~$49.36 ...
FTC Solar’s Q3 Loss Widens to $25.6 Million

FTC Solar’s Q3 Loss Widens to $25.6 Million

U.S.-based solar tracker systems provider FTC Solar’s Q3 GAAP (generally accepted accounting principles) net loss widened to $25.6 million compared to $22.9 year-over-year (YoY) due to low demand induced by ...
/ / Finance and M&A, Solar
Adani New Industries Q2 Revenue Down Marginally at ₹6.13 Billion

Adani New Industries Q2 Revenue Down Marginally at ₹6.13 Billion

Adani New Industries (ANIL) Ecosystem, a wholly-owned subsidiary of Adani Enterprises, posted revenue of ₹6.13 billion (~$74.77 million) in the second quarter (Q2) of the financial year (FY) 2023, a ...
/ / Finance and M&A, Solar
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) ...
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 ...
Increased N-Type Module Shipments Push Jinko Solar's Q3 2022 Revenue Up 128% YoY

Increased N-Type Module Shipments Push Jinko Solar’s Q3 2022 Revenue Up 128% YoY

Chinese cell and module manufacturer Jinko Solar’s revenue for the third quarter (Q3) of 2022 rose to RMB19.52 billion (~$2.74 billion), increasing by 127.8% year-over-year. The company recorded a revenue ...
/ / Markets & Policy, Solar
Tata Power's Renewables Business Revenue Up 7% YoY in Q2 FY23

Tata Power’s Renewables Business Revenue Up 7% YoY in Q2 FY23

Tata Power reported a profit of ₹18.19 billion (~$220.89 million) in 1H FY 2023, registering a growth of 87% over the same period a year ago. For Q2 FY 2023, ...
/ / Finance and M&A, Solar
Increased Demand for Residential Solar Systems Boost Sunnova’s Q3 Revenue by 116%

Increased Demand for Residential Solar Systems Boost Sunnova’s Q3 Revenue by 116%

U.S.-based residential solar company Sunnova posted a year-over-year (YoY) surge of 116% in revenue at $149.3 million for the third quarter (Q3) of 2022 compared to $68.9 million in Q3 ...
/ / Markets & Policy, Solar
Enphase Energy’s Revenue Jumps 81% to $635 Million in Q3 2022 on Strong Demand

Enphase Energy’s Revenue Jumps 81% to $635 Million in Q3 2022 on Strong Demand

Microinverter-based solar-plus-storage systems company Enphase Energy recorded revenue of $634.7 million in the third quarter (Q3) of 2022, a year-over-year (YoY) increase of 81% from $351.5 million. The numbers marked ...
Tesla Records $21.5 Billion in Revenue and 2.1 GWh Energy Storage Deployments in Q3 2022

Tesla Records $21.5 Billion in Revenue and 2.1 GWh Energy Storage Deployments in Q3 2022

Tesla recorded total revenues of $21.5 billion in the third quarter (Q3) of 2022, a 57% year-over-year increase compared to $13.7 billion in Q3 2021 and a quarter-over-quarter (QoQ) leap ...
Sterling and Wilson Q2 Net Loss Widens to ₹2.99 Billion With Steep Fall in EPC Revenues

Sterling and Wilson Q2 Net Loss Widens to ₹2.99 Billion With Steep Fall in EPC Revenues

The consolidated net loss for Sterling and Wilson Renewable Energy (formerly Sterling and Wilson Solar) rose by 5% to ₹2.99 billion (~$36.35 million) in the second quarter (Q2) of the ...
/ / Markets & Policy, Solar
Jinko Solar Ships Over 100 GW of Modules in Q2 2022

Jinko Solar Ships Over 10 GW of Modules in Q2 2022

Jinko Solar, the Chinese solar cell and module manufacturer, has recorded a revenue of RMB18.84 billion (~$2.81 billion) in the second quarter (Q2) of the calendar year 2022, up 27.6% quarter-over-quarter ...
/ / Markets & Policy, Solar
Battery Company Solid Power Reports 360% YoY Increase in Revenue in Q2 2022

Battery Company Solid Power Reports 360% YoY Increase in Revenue in Q2 2022

Solid Power, an all-solid-state rechargeable battery cells manufacturer, reported revenue of $2.58 million in the second quarter (Q2) of 2022, a 360% year-over-year (YoY) growth compared to $561,000 in Q1 ...
/ / Other, Renewable Energy
Solar Glass Manufacturer Borosil Renewables' Revenue Up by 25% YoY in Q1 FY 2023

Solar Glass Manufacturer Borosil Renewables’ Revenue Up by 25% YoY in Q1 FY 2023

India-based solar glass manufacturer Borosil Renewables has announced the financial results for the first quarter (Q1) of the financial year (FY) 2023. The company reported revenue of ₹1.69 billion (~$21.31 ...
/ / Finance and M&A, Solar
Hydrogen Fuel Cell Company Plug Power's Revenue Rises 21% YoY in Q2 2022

Hydrogen Fuel Cell Company Plug Power’s Revenue Rises 21% YoY in Q2 2022

Plug Power, a U.S.-based provider of green hydrogen and fuel cell solutions, recorded a revenue of $151.27 million in the second quarter (Q2) of 2022, a 21% year-over-year (YoY) growth ...
/ / Finance and M&A, Other
Residential Solar Company Sunrun’s Revenue Up by 46% YoY in Q2 2022

Residential Solar Company Sunrun’s Revenue Up by 46% YoY in Q2 2022

Sunrun, a U.S.-based residential solar, battery storage, and energy services company, registered total revenue of $584.6 million in the second quarter (Q2) of the calendar year (CY) 2022, up 46%, ...
/ / Finance and M&A, Solar
Adani Green Registers a 57% YoY Rise in Revenue in Q1 FY2023

Adani Green Registers a 57% YoY Rise in Revenue in Q1 FY2023

Renewable energy company Adani Green Energy (AGEL) has generated revenue of ₹13.28 billion (~$168.72 million) from the sale of energy in the first quarter (Q1) of the financial year (FY) ...
/ / Other, Renewable Energy
Residential Solar Firm Sunnova’s Revenue Surges 121% YoY to $147 Million in Q2 2022

Residential Solar Firm Sunnova’s Revenue Surges 121% YoY to $147 Million in Q2 2022

Sunnova, a U.S.-based residential solar company, recorded revenue of $147 million in the second quarter (Q2), a year-over-year (YoY) leap of 121% from ~$67 million last year. The company attributed ...
/ / Other, Renewable Energy
EDP Renewables Net Profit Rises by 87% YoY to $270 Million

EDP Renewables Net Profit Rises by 87% YoY to $270 Million

Spain-based renewable energy company EDP Renewables (EDPR) reported a net profit of €265 million (~$270 million) in the first half (1H) of 2022, an 87% year-over-year growth. EDPR's revenues reached ...
/ / Other, Renewable Energy
Loading...