Author: Arjun Joshi

About Arjun Joshi

Arjun Joshi, Staff reporter at Mercom India More articles from Arjun Joshi.
Arjun Joshi is a staff reporter at Mercom India. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. He holds a bachelor’s degree in Journalism, Psychology, and Optional English from Garden City University, Bangalore. More articles from Arjun Joshi.

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PFC Posts ₹75 Billion Net Profit in Q4 FY 2024, Loan Assets Rise 16% YoY

Government-owned Power Finance Corporation (PFC) recorded a total income of ₹241.76 billion (~$2.89 billion) for the fourth quarter (Q4) of the financial year (FY) of...

May 15, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Trina Solar’s 2023 Profit Up 50% as Module Shipments Soar

Solar module manufacturer Trina Solar recorded an annual operating revenue of RMB113.39 billion (~$15.67 billion) in 2023, a 33% year-over-year increase from 2022. The...

May 15, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Solar Park DPRs of Central PSUs Exempted from State Committee Vetting

The Ministry of New and Renewable Energy (MNRE) has exempted solar and renewable energy parks developed by central public sector undertakings (CPSUs) or their joint...

May 15, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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US Doubles Tariff on Chinese Solar Cells to 50%, Targets EVs and Batteries

The United States announced stiff hikes in tariffs on solar cells, electric vehicles, batteries, and critical minerals originating from China. This decision follows a...

May 15, 2024

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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Bloom Eyes Opportunities in Data Centers as Net Loss Narrows

Fuel cell manufacturer Bloom Energy recorded a revenue of $235.3 million in the first quarter (Q1) of 2024, a 14.5% year-over-year (YoY) decline from $275.2 million. The...

May 14, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Hindustan Petroleum Floats EPC Tender for 300 MW of Solar Projects

HPCL Renewable and Green Energy (HPRGEL), a subsidiary of Hindustan Petroleum Corporation (HPCL), has invited bids for the engineering, procurement, and construction...

May 13, 2024

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Arjun Joshi

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Solar

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Tenders & Auctions
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Waaree’s Q4 FY 2024 Profit Up 341% as EPC Segment Revenue Soars

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a net profit of ₹541.8 million (~$6.48 million)...

May 13, 2024

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Arjun Joshi

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Finance and M&A

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Other
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First Solar’s Thin Film Modules Approved for Use in DCR Solar Projects

The Ministry of New and Renewable Energy (MNRE) has approved the use of thin film solar modules produced at First Solar’s (FS India Solar Ventures) vertically...

May 10, 2024

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Arjun Joshi

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Manufacturing

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Modules

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Solar
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Flux Power’s Q3 Net Loss Up 83% YoY as Operating Expenses Rise

Lithium-ion storage solutions provider Flux Power Holdings’ net loss for the third quarter (Q3) of the financial year (FY) 2023-24 widened 83% year-over-year (YoY)...

May 10, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Central Railway Invites Bids to Empanel Agencies for Rooftop Solar Projects

The Pune Division of Central Railway has invited bids for state-wise empanelment of agencies to implement grid-connected rooftop solar power projects in Maharashtra...

May 10, 2024

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Arjun Joshi

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Solar

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Tenders & Auctions
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RECPDCL Invites Bids to Acquire 200 MW of Solar, Wind, or Hybrid Power Projects

REC Power Development and Consultancy (RECPDCL) has invited bids to acquire 200 MW of operational solar, wind, or wind-solar hybrid power projects without storage. The...

May 9, 2024

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Arjun Joshi

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Solar

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Tenders & Auctions

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Wind
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Shoals’ Q1 2024 Net Income Drops 72% YoY on Lower Sales

Shoals Technologies Group, a manufacturer of Electrical Balance of Systems (EBOS) for solar, energy storage, and eMobility, reported a net income of $4.8 million during...

May 9, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Tata Power Hits Record Profits of ₹42.8 Billion in FY 2024

Tata Power, an integrated power company, recorded a profit after tax of ₹10.46 billion (~$125.28 million) in the fourth quarter (Q4) of the financial year (FY) 2024, a...

May 9, 2024

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Arjun Joshi

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Finance and M&A

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Other
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JSW Energy’s Q4 Profits Up 22% as Renewable Generation Surges by 124%

Independent power producer JSW Energy reported a net profit of ₹3.43 billion (~$41.07 million), a jump of 22% year-over-year (YoY) in the fourth quarter (Q4) of the...

May 8, 2024

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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Delhi High Court Quashes CBIC’s Revocation of Duty Deferment for Solar Projects

The Delhi High Court has quashed a Customs Department circular and show cause notices issued by the Central Board of Indirect Taxes and Customs (CBIC) revoking the...

May 8, 2024

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Arjun Joshi

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Markets & Policy

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Solar

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