Battery Storage Company Flux Power's Revenue Up by 89% YoY in Q3 FY 2022

Battery Storage Company Flux Power’s Revenue Up by 89% YoY in Q3 FY 2022

U.S.-based lithium-ion storage solutions provider Flux Power Holdings recorded $13.2 million in revenue in the third quarter (Q3) of the fiscal year 2022, an increase of 89% from $7 million ...
Jinko Solar's Module Shipments Up 93% QoQ in Q4 2021

Jinko Solar’s Module Shipments Up 93% QoQ in Q4 2021

Chinese solar cell and module manufacturer Jinko Solar, in its recently announced financial results, posted a revenue of $2.57 billion in the fourth quarter (Q4) of 2021, a 73.9% year-over-year ...
/ / Finance and M&A, Solar
Hydrogen Solutions Provider Plug Power Reports Net Revenue of $162 Million in Q4 2021

Hydrogen Solutions Provider Plug Power Reports Net Revenue of $162 Million in Q4 2021

U.S.-based Plug Power, a provider of green hydrogen and fuel cell solutions, has announced the results for the fourth quarter (Q4) of the calendar year (CY) 2021. The company reported ...
/ / Other, Other Energy
ReNew Power’s Total Revenue Up 26% YoY in 9M FY 2022

ReNew Power’s Total Revenue Up 26% YoY in 9M FY 2022

Independent power producer ReNew Power has announced the results for the third quarter (Q3) of the fiscal year (FY) 2022, and the nine months ended December 31, 2021. The company ...
/ / Finance and M&A, Solar
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
Sterling and Wilson Renewable Energy’s Total Income Up by 11.5% YoY in Q3 FY 2022

Sterling and Wilson Renewable Energy’s Total Income Up by 11.5% YoY in Q3 FY 2022

Sterling and Wilson Renewable Energy (formerly Sterling and Wilson Solar), the solar engineering and construction arm of the Shapoorji Pallonji Group, recorded a total income of ₹15.02 billion (~$198.62 million) ...
/ / Finance and M&A, Solar
Energy Storage Company Flux Power Logs $7.7 Million Revenue in Q2 FY 2022, a 19% Growth YoY

Energy Storage Company Flux Power Logs $7.7 Million Revenue in Q2 FY 2022, a 19% Growth YoY

Flux Power Holdings, a U.S.-based lithium-ion storage solutions provider, has reported a revenue of $7.7 million in the second quarter (Q2) of the fiscal year (FY) 2022, a 19% year-over-year ...
Fuel Cell Company Bloom Energy’s Revenue Up 37% YoY to $342.5 Million in Q4 2021

Fuel Cell Company Bloom Energy’s Revenue Up 37% YoY to $342.5 Million in Q4 2021

Bloom Energy, a U.S.-based solid oxide fuel cells manufacturer, has reported a revenue of $342.5 million in the fourth quarter (Q4) of 2021, a 37.3% year-over-year (YoY) growth compared to ...
Enphase Energy’s Revenue Up 56% YoY to $412.7 Million in Q4 2021

Enphase Energy’s Revenue Up 56% YoY to $412.7 Million in Q4 2021

Enphase Energy, a supplier of microinverter-based solar-plus-storage systems, has reported a revenue of $412.7 million in the fourth quarter (Q4) of 2021, a 56.10% year-over-year (YoY) increase compared to $264.8 ...
/ / Finance and M&A, Solar
Tata Power’s Revenue Jumps 42% YoY to ₹110.15 Billion in Q3 FY 2022

Tata Power’s Revenue Jumps 42% YoY to ₹110.15 Billion in Q3 FY 2022

Tata Power has recorded a revenue of ₹110.15 billion (~$1.47 billion) in the third quarter (Q3) of the financial year (FY) 2022, a 42% year-over-year (YoY) increase compared to ₹77.56 billion ...
/ / Finance and M&A, Solar
Wind Turbine Maker Siemens Gamesa’s Revenue Declined 20% YoY in Q1 2022

Wind Turbine Maker Siemens Gamesa’s Revenue Declined 20% YoY in Q1 2022

Siemens Gamesa, a Spain-based wind turbine maker, has reported a revenue of €1.83 billion (~$2.21 billion) in the first quarter (Q1) of 2022, a 20.3% decline compared to €2.29 billion ...
/ / Wind
Scatec Announces Q4 Results, Defers 900 MW India Solar Project

Scatec Announces Q4 Results, Defers 900 MW India Solar Project

Independent power producer Scatec announced its quarterly and full-year results, showing a revenue generation of  NOK46.15 billion (~$5.23 billion) in 2021, a 62% increase compared to NOK28.44 billion (~$3.22 billion) ...
/ / Finance and M&A, Other
NextEra Energy’s Net Income Jumps 22% YoY to $3.57 Billion in 2021

NextEra Energy’s Net Income Jumps 22% YoY to $3.57 Billion in 2021

NextEra Energy, a U.S.-based energy company, has reported a net income of $3.57 billion for 2021, a 22% year-over-year increase compared to $2.91 billion last year. Its fourth-quarter (Q4) results ...
/ / Finance and M&A, Other
IndiGrid’s Revenue Jumps 32% YoY in Q3 FY 2022, Plans For More Solar Project Acquisitions

IndiGrid’s Revenue Jumps 32% YoY in Q3 FY 2022, Plans For More Solar Project Acquisitions

IndiGrid, the Indian power sector’s first infrastructure investment trust (InvIT), has reported a 32% year-over-year (YoY) growth to ₹5.70 billion (~$75.97 million) in its consolidated revenue in the third quarter ...
/ / Other, Renewable Energy
Azure Power’s Revenue Increases 25% YoY to ₹4.38 Billion in Q2 FY 2022

Azure Power’s Revenue Increases 25% YoY to ₹4.38 Billion in Q2 FY 2022

Azure Power, an independent solar power producer, has reported a 25% year-over-year (YoY) increase in its operating revenue in the second quarter (Q2) of the financial year (FY) 2022, driven ...
/ / Finance and M&A, Solar
Jinko Solar’s Revenue Down Marginally Due to Drop in Solar Module Shipments

Jinko Solar’s Revenue Down Marginally Due to Drop in Solar Module Shipments

Chinese solar cell and module manufacturer Jinko Solar has reported a 2.3% year-over-year (YoY) decline in its total revenue for the third quarter (Q3) of 2021. The total revenue declined to RMB ...
/ / Markets & Policy, Solar
Canadian Solar’s Module Shipments Up 22% YoY in Q3 2021

Canadian Solar’s Module Shipments Up 22% YoY in Q3 2021

Canada-based module manufacturer Canadian Solar reported net revenue of $1.229 billion in the third quarter (Q3) of  2021, a 34% year-over-year (YoY) increase over $914.36 million in Q3 2020. The company said ...
/ / Finance and M&A, Solar
ReNew Power Logs 44% YoY Growth in Revenue in Q2 FY 2022

ReNew Power Logs 44% YoY Growth in Revenue in Q2 FY 2022

Independent power producer ReNew Power has recorded a revenue of ₹21.31 billion (~$287 million) for the second quarter (Q2) financial year (FY) 2022, an increase of 44% over Q2 FY ...
/ / Other, Renewable Energy
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
Array Tech to Acquire Solar Tracker Manufacturer STI Norland for $652 Million

Array Tech to Acquire Solar Tracker Manufacturer STI Norland for $652 Million

Array Technologies, a U.S.-based solar tracking systems manufacturer, has signed an agreement to acquire Soluciones Técnicas Integrales Norland (STI Norland) for €570 million (~$652.16 million) in cash and stock. The ...
/ / Finance and M&A, Solar
Consumer Power Tariffs to be Hiked Automatically When DISCOM Power Purchase Costs Rise

Consumer Power Tariffs to be Hiked Automatically When DISCOM Power Purchase Costs Rise

The Ministry of Power (MoP) has notified Electricity (Timely Recovery of Costs due to Change in Law) Rules, 2021, and asked states to allow distribution companies (DISCOMs) to pass on ...
/ / Grid, Market & Policy
Tata Power’s Renewable Portfolio Grows 10%, Revenue Inches Up to 13% YoY in Q2 FY 2022

Tata Power’s Renewable Portfolio Grows 10%, Revenue Inches Up to 13% YoY in Q2 FY 2022

Tata Power has recorded a revenue of ₹95.02 billion (~$1.26 billion) in the second quarter (Q2) of the financial year (FY) 2022, a 13% growth from ₹84.28 billion (~$1.12 billion) ...
/ / Finance and M&A, Solar
Torrent Power's Revenue Jumps 17% YoY to ₹36.48 Billion in Q2 FY 2021

Torrent Power’s Revenue Jumps 17% YoY to ₹36.48 Billion in Q2 FY 2021

Gujarat-based power generator Torrent Power has recorded a revenue of ₹36.48 billion (~$487.55 million) in the second quarter (Q2) of the financial year (FY) 2022, a 17% year-over-year (YoY) growth from ...
/ / Finance and M&A, Other
Sungrow’s Revenue in 1H 2021 Up 18% Led By Solar Inverter, Energy Storage System Sales

Sungrow’s Revenue in 1H 2021 Up 18% Led By Solar Inverter, Energy Storage System Sales

China-based solar inverter manufacturer Sungrow has reported an 18% increase year-over-year (YoY) in revenue in the first half (1H) of 2021. In 1H 2021, the company’s revenue stood at 8.21 billion ...
/ / Inverters & BOS, Solar
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