REC India’s Q3 Net Profit Rises 3.6% YoY to ₹28.7 Billion on Improved Asset Quality
Government-owned power sector lender REC India posted the highest-ever quarterly net profit at ₹28.78 billion (~$351.37 million) in the third quarter (Q3) of the financial year (FY) 2022-2023, up 3.8% ...
Tesla’s Q4 Profit Up 19% YoY, Solar & Storage Revenues Rise to $1.31 Billion
Tesla recorded a revenue of $24.32 billion from all its businesses in the fourth quarter (Q4) of 2022, a year-over-year (YoY) of 37% compared to $17.72 billion in the previous ...
SMA Solar’s 9M Net Income Fell 29% on Large-Scale Project Delays
Germany-based solar equipment manufacturer SMA Solar Technology recorded a net income of €11 million (~$11.38 million) in the first nine months (9M) of 2022, a year-over-year (YoY) decline of 29% ...
More Lower Income Households Adopted Solar in the US Between 2010-2021
A higher share of households with lower incomes in the U.S. have been adopting solar over the past 11 years, which has brought down the median household income for solar ...
Residential Solar Firm Sunrun’s Q3 Revenue Jumps 44% YoY on Higher Customer Acquisition
U.S.-based company Sunrun posted total revenue of $631.9 million in the third quarter (Q3) of 2022, up 44% year-over-year (YoY), on the back of growth in customer additions and improved ...
REC Limited’s Loan Disbursements to Renewable Energy Companies Rises by 426% in 1H FY 2023
REC Limited's consolidated net profit saw a marginal increase of 4% to ₹51.76 billion (~$628.57 million) in the first half (1H) of FY 2023, compared to ₹49.6 billion (~$602.34 million) ...
Increased Demand for Residential Solar Systems Boost Sunnova’s Q3 Revenue by 116%
U.S.-based residential solar company Sunnova posted a year-over-year (YoY) surge of 116% in revenue at $149.3 million for the third quarter (Q3) of 2022 compared to $68.9 million in Q3 ...
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 ...
Loans Provided to Renewable Energy Sector by REC Limited Up 10% YoY in Q3 FY22
REC Limited, a public infrastructure finance company involved in financing power projects, disbursed ₹4.7 billion (~$62.93 million) in loans to the renewable energy sector in the third quarter (Q3) of ...
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 ...
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 ...
REC Limited’s Loans to Renewable Energy Sector Down 68% YoY in Q2 FY 2022
REC Limited, a public infrastructure finance company, involved in financing power projects, recorded a 15% year-over-year (YoY) growth in its total income in the second quarter (Q2) of the financial ...
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 ...
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 ...
Canadian Solar’s Net Revenue Increased 105% to $1.43 Billion in Q2 2021
Canada-based module manufacturer Canadian Solar released its financial results for the second quarter (Q2) of 2021 and reported a 105% year-over-year (YoY) increase in its net revenue to $1.43 billion from $695.84 ...
Torrent Power’s Revenue Inches Up To ₹31 Billion In Q1 FY 2022
Gujarat-based power generation company Torrent Power declared its financial results for the first quarter (Q1) of the financial year (FY) 2022 and recorded a 3.05% year-over-year (YoY) growth in its revenue from ...
Adani Green’s Total Income Up by 23% YoY to ₹10.79 Billion in Q1 FY 2022
Renewable energy company Adani Green Energy Limited (AGEL) reported a total income of ₹10.79 billion (~$145.40 million) in the first quarter (Q1) of the financial year (FY) 2022, a 23% ...
SolarEdge’s Revenue Up by 18% QoQ to $480 Million in Q2 2021
Israel-based SolarEdge Technologies, a manufacturer of solar inverters, power optimizers, and monitoring systems, reported revenues of $480.1 million in the second quarter (Q2) of 2021, an 18% increase compared to $405.5 ...
Torrent Power’s Total Income Up by 13% in FY 2021
Torrent Power has announced the results for the fourth quarter (Q4) of the financial year (FY) 2020-2021. As per the financial statement released by the company, the company reported a ...
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 ...
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 ...
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 ...
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% ...
REC Limited Disbursed ₹5.24 Billion in Loans to Renewable Energy Sector in FY2020
REC Limited has reported a 15.2% fall in its net profit during the financial year (FY) ending March 31, 2020, attributing it to market volatility as a result of the ...
