Torrent Power Records a 110% YoY Increase in Revenue in Q1 FY23
Gujarat-based power company Torrent Power recorded revenue of ₹66.19 billion (~$832.01 million) in the first quarter (Q1) of the financial year (FY) 2023, a year-over-year (YoY) increase of 110% compared ...
ReNew Power’s Revenue Up 27% YoY in FY 2022, Renewable Portfolio Grows by 1.7 GW
Independent power producer ReNew Power has announced the results for the fourth quarter (Q4) of the fiscal year (FY) 2022 and the fiscal year ended March 31, 2022. The company ...
Energy Storage Solutions Provider Eos Energy’s Revenue Up by 6.5% QoQ in Q1 CY 2022
U.S.-based Eos Energy Enterprises, a sustainable zinc-based energy storage solutions provider, has announced the results for the first quarter (Q1) of the calendar year (CY) 2022. The company reported a ...
Azure Power Posts ₹4.48 Billion Revenue, 27% YoY Growth in Q3 FY 2022
Azure Power, an independent solar power producer, reported operating revenue of ₹4.48 billion (~$60.2 million) in the third quarter (Q3) of the fiscal year (FY) 2022, a 27% year-over-year (YoY) ...
Sterling and Wilson Renewable Energy’s Total Income Up by 11.5% YoY in Q3 FY 2022
Sterling and Wilson Renewable Energy (formerly Sterling and Wilson Solar), the solar engineering and construction arm of the Shapoorji Pallonji Group, recorded a total income of ₹15.02 billion (~$198.62 million) ...
Energy Storage Company Flux Power Logs $7.7 Million Revenue in Q2 FY 2022, a 19% Growth YoY
Flux Power Holdings, a U.S.-based lithium-ion storage solutions provider, has reported a revenue of $7.7 million in the second quarter (Q2) of the fiscal year (FY) 2022, a 19% year-over-year ...
Fuel Cell Company Bloom Energy’s Revenue Up 37% YoY to $342.5 Million in Q4 2021
Bloom Energy, a U.S.-based solid oxide fuel cells manufacturer, has reported a revenue of $342.5 million in the fourth quarter (Q4) of 2021, a 37.3% year-over-year (YoY) growth compared to ...
Wind Turbine Maker Siemens Gamesa’s Revenue Declined 20% YoY in Q1 2022
Siemens Gamesa, a Spain-based wind turbine maker, has reported a revenue of €1.83 billion (~$2.21 billion) in the first quarter (Q1) of 2022, a 20.3% decline compared to €2.29 billion ...
Azure Power’s Revenue Increases 25% YoY to ₹4.38 Billion in Q2 FY 2022
Azure Power, an independent solar power producer, has reported a 25% year-over-year (YoY) increase in its operating revenue in the second quarter (Q2) of the financial year (FY) 2022, driven ...
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 ...
Sterling and Wilson Solar’s QoQ Revenue Up 20% in Q2 FY22
Sterling and Wilson Solar, the solar engineering and construction arm of the Shapoorji Pallonji Group, has recorded a revenue of ₹14.38 billion (~$193.24 million) in the second quarter (Q2) of the ...
Suzlon Registers 18% Quarterly Increase in Net Revenue in Q2 FY 2022
Pune-based renewable energy solutions provider Suzlon Energy Limited has reported net revenue of ₹13.47 billion (~$180.80 million) for the second quarter (Q2) of the financial year (FY) 2022, an increase of 18% ...
Power Ministry Mandates Quarterly Energy Audits by DISCOMs to Reduce T&D Losses
The Ministry of Power (MoP) has directed power distribution companies (DISCOMs) to undertake energy accounting periodically to develop a comprehensive energy accounting system to quantify distribution losses. The Bureau of ...
Decrease in Solar Module Shipments Pull Jinko’s Revenue Down by 6% YoY in Q2 2021
Chinese solar module and cell manufacturer JinkoSolar has reported a 6.2% year-over-year (YoY) decline in its total revenue for the second quarter (Q2) of 2021. The total revenue declined to RMB 7.93 ...
Sterling and Wilson Solar’s Revenue Jumps 11.8% in Q1 FY 2022
Sterling and Wilson Solar, the solar engineering and construction arm of the Shapoorji Pallonji Group, has recorded a revenue of ₹11.95 billion (~$161.12 million) in the first quarter (Q1) of the ...
SunPower Logs Revenue of $306.4 Million in Q1 2021
Distributed generation storage and energy services provider SunPower Corporation announced the financial results for its first quarter ended April 4, 2021. The company posted a generally accepted accounting (GAAP) revenue of $306.4 ...
Meyer Burger Reports a Net Loss of CHF 64.47 Million in 2020
Meyer Burger, a Switzerland-based engineering company, has unveiled its plans to enter the U.S. solar market, intending to start solar cell sales in the second half of 2021. In June, ...
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 ...
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 ...
Solar Curtailment Could Rise Globally as PV Penetration Increases
The trend of curtailment of renewable power has started taking shape globally. Power firms in China, Chile, several U.S. markets, including Arizona, California, Hawaii, and Texas, had to curtail at ...
Polysilicon Supplier GCL-Poly Warns its Shareholders of Huge Losses in 1H 2020
GCL-Poly Energy Holdings Limited, one of the largest suppliers of polysilicon to the solar market globally, warned its shareholders to expect losses to the tune of RMB 1.5 billion (~$217 ...
Daily News Wrap-Up: Flipkart Joins Climate Group’s Electric Mobility Initiative EV100
Here are some noteworthy cleantech news and announcements of the day from around the world: The technical commission delegated by the Ministry of Energy and Non-Renewable Energy Resources of Ecuador ...
Bailing Out Power DISCOMs at Every Crisis is Not the Way to Fix Them
Distribution Companies (DISCOMs) have been a significant strain on the Indian power system. Their poor financial performance has been weighing down the entire sector with their inability to pay power ...
Suzlon’s Outstanding Debt Reaches ₹127.85 Billion
Renewable energy company Suzlon Energy Limited has disclosed an outstanding debt of ₹127.85 billion (~$1.8 billion), according to the company’s Bombay Stock Exchange (BSE) filing. The company has filed the ...