financials

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Suzlon’s Profit Increases Nineteen-fold to ₹29 Billion in FY23

Wind turbine manufacturer Suzlon Energy posted a net profit of ₹3.2 billion (~$38.7 million) during the fourth quarter (Q4) of the financial year (FY) 2023, an increase...

May 31, 2023

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Arjun Joshi

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Other

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Renewable Energy

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Uncategorized
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Solar Tracker Company Soltec’s Q1 Net Loss Narrows to €9.6 Million

Solar tracker maker Soltec Power Holdings’s net loss narrowed to €9.6 million (~$10.4 million) in the first quarter (Q1) of the financial year 2023 compared to a net...

May 15, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Energy Storage Firm Stem’s Q1 Revenue Up 63% YoY

Smart energy storage company Stem’s revenue increased 63% year-over-year (YoY) to $67 million in the first quarter (Q1) of the financial year (FY) 2023, driven by higher...

May 5, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Sunrun’s Q1 Loss Widens to $335 Million on Higher Overall Expenses

United States-based residential solar, battery storage, and energy services company Sunrun reported a net loss of $335.8 million during the first quarter (Q1) of the...

May 4, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Jinko Solar’s Q1 Profit Soars 155% on Higher Solar Module Shipments

China-based cell and module manufacturer Jinko Solar‘s net income surged 155% year-on-year (YoY) to RMB836.4 million ($121.8 million) for the first quarter (Q1) of...

May 2, 2023

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Gourav Mishra

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Markets & Policy

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Other

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Renewable Energy
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Daily News Wrap-Up: Government Takes Steps to Meet Summer Peak Power Demand

The Ministry of Power has devised a comprehensive strategy to ensure the availability of power during the summer. In a meeting chaired by the Union Power Minister, R.K....

March 10, 2023

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Mercom India

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Daily Wrap-up
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Soltec’s Profit Surges to €13.1 Million in 2022 on Strong Demand for Solar Trackers

Solar tracker maker Soltec Power Holdings recorded a net profit of €13.1 million ($14 million) in financial year (FY) 2022, a year-over-year (YoY) increase of 1191%...

March 3, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: NTPC REL Tenders 310 MW of Solar Projects

NTPC Renewable Energy (NTPC REL) has invited bids to develop 310 MW floating and ground-mounted solar projects at Damodar Valley Corporation (DVC) reservoirs. The tender...

February 24, 2023

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Mercom India

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Daily Wrap-up
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ReNew Power’s Q3 Net Loss Narrows to ₹4 Billion on Higher Operating Capacity

Independent renewable power producer ReNew Power‘s net loss narrowed to ₹4 billion ($49 million) in the third quarter (Q3) of the financial year (FY) 2023,...

February 21, 2023

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Arjun Joshi

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Other

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Renewable Energy
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EV Charging Company ChargePoint’s Q3 FY23 Loss Widens to $84.5 Million

Electric vehicle (EV) charging solution provider ChargePoint Holdings recorded a net loss of $84.5 million in the third quarter (Q3) of the fiscal year (FY) 2023,...

December 5, 2022

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Arjun Joshi

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Electric Vehicles

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Other
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Battery Storage Firm Flux Power’s Net Loss Nearly Halves To $2.13 Million in Q1 FY23

Flux Power Holdings, a U.S.-based lithium-ion storage solutions provider, recorded a net loss of $2.13 million, a 48% year-over-year (YoY) decline in the first quarter...

November 14, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Waaree’s Profit Rises by 90% in Q2 FY23 Due to Solar EPC Segment Earnings

Waaree Renewable Technologies, the engineering, procurement, and construction (EPC) arm of Waaree Group, posted a net profit of ₹81.59 million (~$1 million) in the...

November 14, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Farm-downs, Partnerships Drive Wind Developer Orsted’s Profit Up in Q3

Denmark-based wind developer Orsted posted a net profit of DKK9.36 billion (~$1.26 billion) in the third quarter (Q3) of 2022, a massive jump of 1,821% year-over-year...

November 8, 2022

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Arjun Joshi

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Other

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Renewable Energy
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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...

October 31, 2022

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Arjun Joshi

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Finance and M&A

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Other
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DISCOMs’ Aggregate Loss Soars to ₹502.81 Billion in FY 2021

The aggregate losses for distribution companies (DISCOMs) stood at ₹502.81 billion (~$6.11 billion) in financial year (FY) 2020-21, an increase of 66% compared to ₹302....

October 17, 2022

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Arjun Joshi

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Other

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Renewable Energy

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