manufacturer

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MNRE Adds 14,670 MW Solar Module Capacity Under ALMM

The Ministry of New and Renewable Energy (MNRE) has updated the Approved List of Models and Manufacturers (ALMM) by adding 14,670 MW of solar module manufacturing...

April 22, 2025

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Tina Freese

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Manufacturing

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Solar
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Increase in Battery Sales Drives Amara Raja’s Profits Up by 11%

Battery manufacturer Amara Raja Energy & Mobility recorded a profit after tax of ₹2.98 billion (~$34.3 million) during the third quarter (Q3) of the financial year...

February 13, 2025

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Tina Freese

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Finance and M&A

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Renewable Energy
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Gautam Solar Ventures into Solar Cell Manufacturing with ₹10 Billion Investment

New Delhi-based solar module manufacturer Gautam Solar has announced a foray into solar cell manufacturing by investing ₹10 billion (~$119.4 million) in a 2 GW solar...

September 18, 2024

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Gautamee Hazarika

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Manufacturing

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Markets & Policy

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Solar
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Borosil Renewables’ Q4 Profit Up 80% YoY Driven by Higher Solar Glass Sales

Solar glass manufacturer Borosil Renewables’ profit peaked by 80% year-over-year (YoY) to ₹105.01 million (~$1.2 million) for the fourth quarter (Q4) of the financial...

May 31, 2023

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Gourav Mishra

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Inverters & BOS

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Markets & Policy

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Solar
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SEG Solar Acquires 2 GW Solar Module Manufacturing Facility in Texas

California-based solar module maker SEG Solar announced the acquisition of a manufacturing facility in Texas with the capacity to produce over 2 GW of solar modules. The...

March 20, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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Daqo’s Q4 Net Income Surges to $373 Million on Higher Polysilicon Sales

China-based manufacturer of photovoltaic (PV)-grade polysilicon Daqo New Energy Corporation posted a year-over-year (YoY) spike of 164% in its net income at $372.9...

March 1, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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Borosil Renewables’ Q3 Profit Dips 52% to ₹224 Million on Higher Input Cost

The profit of solar glass manufacturer Borosil Renewables slumped by 52% year-over-year (YoY) to ₹223.8 million (~$2.7 million) for the third quarter (Q3) of the...

February 15, 2023

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Gourav Mishra

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Finance and M&A

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Other

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Renewable Energy
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SolarEdge’s Q4 Revenue Jumps 61% on Higher Inverter Shipments

SolarEdge, an Israel-based solar inverters manufacturer, posted revenue of $890.7 million for the fourth quarter of the financial year 2023, a jump of 61.4%...

February 15, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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Eicher Motors to Acquire 10.3% Stake in E-Motorcycle Firm for €50 million

India-based automobile conglomerate and the parent company of Royal Enfield, Eicher Motors (EML), said it would acquire a 10.35% stake in European electric motorcycle...

December 30, 2022

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Gourav Mishra

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Electric Vehicles

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Finance and M&A
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Investment Firms to Acquire 49% Stake in Goldwind’s 528 MW Wind Farm in Australia

California-based investment firm Palisade Investment Partners (Palisade) and Aware Super Pty, a trustee of Australian superannuation fund Aware Super, are acquiring a...

December 21, 2022

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Gourav Mishra

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Other

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Renewable Energy
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Jinko Solar Achieves Record Conversion Efficiency of 26.1% in N-type TOPCon Module

China-based solar cell and module manufacturer Jinko Solar announced achieving a record maximum solar conversion efficiency of 26.1% in its 182 mm N-type module, which...

November 17, 2022

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Gourav Mishra

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Solar

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Technology
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Northvolt Raises $1.1 Billion to Fund Expansion of Battery and Cathode Production

Northvolt, a Sweden-based manufacturer of lithium-ion batteries, has signed a $1.1 billion convertible note to finance the expansion of its battery and cathode material...

July 6, 2022

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Gourav Mishra

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Finance and M&A

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Other
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Azure Power Signs Agreement to Secure Solar Module Supplies for the Next Four Years

Independent power producer Azure Power Global signed a Module Supply Agreement (MSA) with  Premier Energies Group to procure modules up to 600 MW annually for the next...

June 14, 2022

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Gourav Mishra

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Finance and M&A

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Solar
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Higher Module Shipments Boost Canadian Solar’s Revenue to $1.25 Billion in Q1 2022

Canada-based solar photovoltaic module manufacturer Canadian Solar recorded revenue of $1.25 billion in the first quarter (Q1) of 2022, a year-over-year (YoY) growth of...

May 25, 2022

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Gourav Mishra

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Markets & Policy

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Solar
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Funding and M&A Roundup: Lithium-ion Battery Manufacturer Mitra Raises $20 Million

From: Mercom Capital Group Mitra Future Technologies (Mitra Chem), a lithium-ion battery materials manufacturer, raised $20 million in a Series A funding round. Social...

November 22, 2021

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Staff

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Finance and M&A

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Other

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