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 ...
Suzlon Net Loss Widens to Nearly ₹4 Billion in Q1 of FY 2021
Suzlon Group, a renewable energy solutions provider, announced its financial results for the first quarter (Q1) of the financial year (FY) 2020-21. The company registered revenues of ₹5.13 billion (~$70.1 ...
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 ...
Suzlon Completes Restructuring of Debt with Capital Infusion of ₹3.92 Billion
Pune-based renewable energy solutions provider Suzlon Energy Limited announced that it has completed restructuring its debt with the unanimous approval from its secured lenders. The company has been in a ...
CERC Grants Extension to Solar Projects in Rajasthan for Delay in Road Construction
The Central Electricity Regulatory Commission (CERC) has agreed with a petition that argued that the holdup in road construction by the state government delayed the project commissioning, which was beyond ...
Suzlon’s Net Loss Reaches ₹7.78 Billion in Q2 of FY 2020
Pune-based renewable energy solutions provider Suzlon Group has announced its financial results for the second quarter (Q2) of the fiscal year 2019-20 (FY 2020). Suzlon reported a net loss of ...
CERC Agrees to Extend Retrofitting Timeframe for Suzlon’s 7.4 GW of Wind Projects
The Central Electricity Regulatory Commission (CERC) has issued an order providing relief to Suzlon which is operating 7,400 MW of wind energy projects which needed retrofitting. Suzlon Energy Limited had ...
Orient Green Power to Divest 57% Shares in its Biomass Subsidiaries
Orient Green Power Company Limited (OGPL) has decided to disinvest its entire holding of 918,954 equity shares, aggregating 57.92%, held in Sanjog Sugars and Eco-Power (Biomass subsidiary) in favor of ...
Module Supplier Canadian Solar Gets $48 Million Credit Expansion
Canadian Solar Projects K.K, a wholly-owned subsidiary of module supplier Canadian Solar has announced the renewal of a credit facility. The credit facility has been made available through a syndicate ...
Suzlon Sells Two Solar Subsidiaries to ReNew Power for ₹297.3 Million
Suzlon Energy Limited (Suzlon) has announced that it will sell two of its solar subsidiaries to Ostro Energy, a wholly owned subsidiary of independent power producer, ReNew Power. The two ...
Canadian Firm AMP Solar Acquires Remaining 51% Stake in Rudra Solarfarms for $2 Million
AMP Solar, a Canadian renewable developer, has acquired the remaining 51 percent stake in Rudra Solarfarms, a special purpose vehicle built by another renewable developer Suzlon to execute the 15 ...
CLP India Completes Acquisition of Suzlon’s Tornado Solarfarms for ₹325 Million
CLP India, one of the largest foreign investors in the Indian power sector, and domestic renewable energy project developer Suzlon have executed a deal for the sale of Tornado Solarfarms Limited to ...
Canadian Solar Completes Purchase of 30 MW of Solar Projects in Telangana from Suzlon
Canadian Solar, a global module supplier and solar project developer, has announced that it has acquired remaining 51 percent stake in two solar power projects from Suzlon Energy, a leading wind ...
Suzlon Registers a Net Loss of ₹2.8 Billion in Second Quarter of FY19
Suzlon, a leading wind turbine manufacturer and renewable energy project developer, has reported a net loss of ₹2.8 billion (~$38.86 million) in the second quarter of FY19. In the first quarter of ...
CLP India and Suzlon to Partner for 70 MW of Solar Projects in Maharashtra
CLP India, one of the largest foreign investors in the Indian power sector and domestic renewable energy project developer Suzlon have entered a partnership to develop 70 MW of grid-connected ...
Suzlon Registers ₹5.75 Billion Net Loss in First Quarter of FY19
Suzlon, a leading wind turbine manufacturer and renewable energy project developer, has reported a net loss of ₹5.75 billion (~$83.67million) in the first quarter of FY19, ending June. In the same quarter ...
Favorable Wind Markets Entice Suzlon to Re-Enter the Global Sector
Suzlon, a wind turbine manufacturer and renewable energy project developer, intends to re-enter the international market, a senior company official told PTI. In the past, the company had expanded its ...
Suzlon Generates Revenue of ₹82.92 Billion, Net Loss of ₹3.84 Billion During FY 2018
Domestic renewable energy project developer Suzlon has declared its annual financial results for the financial year (FY) of 2018. It also announced that it commissioned 626 MW of wind power ...
Suzlon Commissions 340 MW of Solar Projects Across Three Indian States
Suzlon, a domestic renewable energy project developer, has successfully commissioned 340 MW of solar photovoltaic (PV) projects across three states of Maharashtra, Telangana, and Rajasthan. The three projects in Telangana ...
Suzlon Signs Agreement with ReNew Power for Development of Wind Project in Karnataka
Suzlon, a wind turbine manufacturer and renewable energy project developer, has bagged a repeat order of 96.6 MW from renewable energy project developer ReNew Power for the development of a ...
DISCOMs Could Look to Coal if Solar Tariffs Go Over ₹3.50/kWh Because of Safeguard Duty
The proposed 70 percent provisional safeguard duty on solar imports, if levied, has the potential to reverse India’s solar growth trajectory and send the wrong signal to the investment community ...
Growth of Jharkhand’s Solar Sector Hobbled by State Inaction
The progress of Jharkhand’s solar sector is being severely hobbled by inaction and delays on the part of the state’s implementing and nodal agencies. The issue is apparent in the ...
Top 20 Developers Account for Almost 60 percent of all Operating Large-Scale Solar Projects in India
Utility scale solar in India has seen exponential growth over the past two years with 4.3 GW of solar installed in calendar year 2016. India’s total installed solar capacity is ...
$1.1 Billion in Funding and M&A Deals Announced in the Indian Solar Sector in Q4 2016
With solar installations in 2016 totaling 4 GW, financial activity was robust in the fourth quarter of 2016, with approximately $1.1 billion (~Rs.76.6 billion) in announced corporate, project funding and ...
Suzlon Partners with Amplus Solar To Develop 15 MW Solar Project
Suzlon, a wind turbine manufacturer and renewable energy project developer, has entered into a joint venture (JV) with AMP Solar, a global renewable power provider, to develop and construct a ...
