Module Supplier Canadian Solar Reports 8.6% Rise in Net Revenue in 2020

Module Supplier Canadian Solar Reports 8.6% Rise in Net Revenue in 2020

Canadian Solar, a Canada-based solar module manufacturer, reported an 8.6% increase in net revenue with $3.47 billion in 2020 compared to $3.20 billion in 2019 owing to a 32% annual ...
/ / Finance and M&A, Solar
Solar Tracking Company Array Technologies’ Net Profit Jumps 49% in 2020

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 ...
/ / Markets & Policy, Solar
Solar Glass Manufacturer Xinyi Solar's Profit Jumps 79% in 2020

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 ...
/ / Finance and M&A, Solar
Residential Solar Company Sunrun Installs Over 600 MW of Solar in 2020

Residential Solar Company Sunrun Installs Over 600 MW of Solar in 2020

U.S.-based residential solar, storage, and energy services provider Sunrun has announced that its total revenue in the fourth quarter of 2020 (Q4 2020) stood at $320.4 million, a 31% increase ...
SolarEdge’s Revenue Inches Up in The Final Quarter of 2020

SolarEdge’s Revenue Inches Up in the Final Quarter of 2020

SolarEdge Technologies, an Israel-based solar inverter provider, announced that its revenue in the fourth quarter of the year ended December 31, 2020 (Q4 2020) was up 6% with $358.1 million ...
JSW Announces Sustainability, Renewable Energy Generation Roadmap

JSW Announces Sustainability, Renewable Energy Generation Roadmap

Mumbai-based power producer JSW Energy announced plans to double its power generation portfolio with renewable and hydropower-based generation sources contributing to 70% of its total capacity in the medium term ...
Sterling and Wilson Solar’s Revenue Up 22% in Q3 FY 2021

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 ...
Amara Raja Batteries to Set Up a 50 MW Solar Project in Andhra Pradesh

Amara Raja Batteries to Set Up a 50 MW Solar Project in Andhra Pradesh

Amara Raja Batteries has announced that it would set up a 50 MW solar power project worth ₹2.2 billion (~$30.30 million) in Chittoor district, Andhra Pradesh. The project will help ...
/ / Solar, Utility Scale
Power Finance Corporation’s Revenue Up 16% in Q3 FY 2021

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 ...
/ / Finance and M&A, Grid
Azure Power Posts 15.6% Rise in Revenue in Q3 FY 2021 Due to Higher Operational Capacity

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 ...
Torrent Power Posts Decline in Revenue, Net Profit in Third Quarter of FY 2020

Torrent Power Posts Decline in Revenue, Net Profit in Third Quarter of FY 2020

Gujarat-based power generation company Torrent Power reported a slight decline in its revenue in the third quarter (Q3) of the financial year 2020 (FY 2020) to ₹29.53 (~$405.3 million) billion, down 4.3% ...
REC Limited’s Net Profit Hits All-Time High in Q3 FY 2021

REC Limited’s Net Profit Hits All-Time High in Q3 FY 2021

REC Limited has announced that it has registered a net profit of ₹22.6 billion (~$310.9 million) in the third quarter (Q3) of the financial year (FY) 2021, an increase of 38% ...
Tata Power Reports 8% Rise in Total Revenue, 22.3% Increase in Profits

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 ...
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% ...
Sungrow Reports Nearly 56% Rise in Revenue in the First Half of 2020

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 ...
/ / Markets & Policy, Solar
Andhra Pradesh Approves Proposal for a 10 GW Mega Solar Project for Agricultural Sector

Andhra Pradesh Approves Proposal for a 10 GW Mega Solar Project for Agricultural Sector

The Andhra Pradesh cabinet has approved the proposal to develop a 10 GW mega solar power project for the benefit of the farmers in the state. The project will supply ...
Tata Power Registers 3% Revenue Dip in FY 2020 As Demand Drops Due to COVID-19

Tata Power Registers 3% Revenue Dip in FY 2020 As Demand Drops Due to COVID-19

Tata Power has announced its annual results for the financial year (FY) 2019-20. The company’s income statement said that in the FY 2020, its revenue declined by 3% and stood ...
LONGi Solar Posts 50.6% YoY Revenue Growth in Q1 2020

LONGi Solar Posts 50.6% YoY Revenue Growth in Q1 2020

Chinese module supplier, LONGi Solar, has released its financial results for the year 2019 and Q1 2020. In 2019, the company’s revenue from operations increased by 49.62% annually to reach ¥32.89 ...
/ / Markets & Policy, Solar
With Newly Commissioned Solar Projects, Azure Sees a 28% Rise in Revenue in Q2 FY20

With Newly Commissioned Solar Projects, Azure Power Sees a 28% Rise in Revenue in Q2 FY20

Azure Power (NYSE: AZRE) has announced its consolidated financial results for the second quarter of the financial year (FY) ending September 30, 2019. The independent solar power producer reported that ...
Solar Inverter Supplier Ginlong Reports 82% Jump in Revenue During Q3 2019

Solar Inverter Supplier Ginlong Reports 82% Jump in Revenue During Q3 2019

String solar inverter supplier, Ginlong Technologies, has reported revenues of $52 million in the third quarter (Q3) of the calendar year 2019 compared to Q3 2018. This jump in revenue ...
/ / Markets & Policy, Solar
LONGi Solar Records 41% YoY Revenue Growth In the First Half of 2019

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 ...
/ / Finance and M&A, Solar
GST Introduction to be Treated as Change in Law for Transmission Service Providers: CERC

CERC Encourages POWERGRID to Monetize Transmission Lines Through Telecom Providers

POWERGRID can monetize its transmission line towers by offering it to mobile telecom service providers on commercial basis under section 41 of the Electricity Act, 2003, which allows for effective ...
/ / Grid, Market & Policy
New Solar Projects Drive Azure Power’s Revenue Up by 22% to $30.7 Million in Q2 2019

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 ...
/ / Markets & Policy, Solar
Tata Power’s Renewables Business Profit Jumps to ₹720 million in Q3 FY2018

Rise in Module Shipments Help Jinko Solar Increase Its Gross Profit by 37% in Q3 2018

Jinko Solar, a Chinese solar module and cell manufacturer, has announced its financial results for the third quarter (Q3) ending September 2018. The company’s total revenue for Q3 2018 was RMB 6.69 ...
/ / Markets & Policy, Solar
Renesola Announces Gross Profits of $8.6 Million in Q3 2018

Renesola Announces Gross Profits of $8.6 Million in Q3 2018

ReneSola Ltd, a fully integrated solar project developer and operator, has announced its unaudited financial results for the third quarter (Q3), ending September 2018. The gross profit was $8.6 million, compared ...
/ / Markets & Policy, Solar