profit

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Canadian Solar’s Q1 Net Income Grows Nine-fold on Higher Module Shipments

Solar module maker Canadian Solar‘s net income surged 809% year-over-year (YoY) to $84 million for the first quarter (Q1) of the financial year (FY) 2023, fueled...

May 19, 2023

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Arjun Joshi

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Other

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Renewable Energy
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REC’s Q4 Net Profit Rises 31% to ₹30 Billion on Improved Asset Quality

REC Limited, a government-owned infrastructure finance company, posted a net profit of ₹30 billion (~$363.6 million) in the fourth quarter (Q4) of the financial year...

May 18, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Tata Power’s Revenue from Rooftop Solar Business Doubles in Q4

Tata Power’s profit after tax (PAT) rose 48% year-on-year (YoY) to ₹9.39 billion (~$115 million) for the fourth quarter (Q4) of the financial year (FY) 2022-23, mainly...

May 5, 2023

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Gourav Mishra

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Markets & Policy

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Solar
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Polysilicon Maker Daqo’s Q1 Net Income Slides 48% on Lower Demand

China-based photovoltaic (PV)-grade polysilicon manufacturer Daqo New Energy Corporation reported a net income of $278.8 million in the first quarter (Q1) of the...

May 2, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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Enphase Energy’s Q1 Profit Surges 183% to $147 Million on Higher Shipments

Enphase Energy, a microinverter-based solar and storage systems supplier, posted a 183% year-over-year (YoY) surge in profit at $147 million for the first quarter (Q1)...

April 28, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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Jinko Solar’s Q4 Net Income Rises 33% on Increased Module Shipments

Chinese cell and module manufacturer Jinko Solar‘s adjusted net income for the fourth quarter (Q4) of the financial year (FY) 2022 rose to RMB312.4 million ($45.3...

March 13, 2023

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Arjun Joshi

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Other

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Renewable Energy
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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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Strong Global Performance Drives Iberdrola’s Net Profit Up 12% in 2022

Spain-based independent power producer Iberdrola recorded a net profit of €4.3 billion (~$4.6 billion) in the calendar year (CY) 2022, an increase of 11.7%...

February 23, 2023

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Arjun Joshi

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Finance and M&A

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Other

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Renewable Energy
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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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Power Finance Corporation’s Q3 Profit Rises 7% YoY to ₹52.41 Billion

State-owned lender Power Finance Corporation (PFC) posted its highest-ever consolidated quarterly profit of ₹52.41 billion (~$633.5 million) for the third quarter (Q3)...

February 14, 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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Enphase Energy’s Q4 Profit Climbs 193% YoY on Higher Shipments of Microinverters

Enphase Energy, a supplier of microinverter-based solar-plus-storage systems, reported a 193% YoY surge in profit at $153.8 million in the fourth quarter (Q4) of 2022....

February 10, 2023

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Gourav Mishra

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Energy Storage

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Finance and M&A
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Adani Green’s Q3 Net Profit Surges 110% YoY on Hybrid Capacity Addition

Adani Green Energy (AGEL), the renewable arm of Adani Group, posted a net profit of ₹1.03 billion (~$12.4 million) for the third quarter (Q3) of the financial year (FY)...

February 8, 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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Tata Power’s Rooftop Solar Revenue Grows 41% to ₹5.3 Billion in Q3

Tata Power reported a 91% year-over-year (YoY) jump in net profit to ₹10.52 billion (~$127.6 million) for the third quarter (Q3) of the financial year (FY) 2022-2023,...

February 7, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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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...

February 1, 2023

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Gourav Mishra

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Finance and M&A

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Other

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