profit

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Fluence Energy Records First-Time Profits as Net Income Surges 91.4% in Q4

Energy storage technology and solutions provider Fluence Energy recorded a net income of $4.82 million for the fourth quarter (Q4) of the fiscal year (FY) 2022-23, a...

December 1, 2023

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Torrent Power Records 9% YoY Increase in Profit in Q2 2023

Gujarat-based power company Torrent Power posted a total income of ₹5.3 billion (~$63.6 million) for the second quarter (Q2) of the financial year (FY) 2023-24, a...

November 9, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Tata Power Reports Net Profit of ₹10 Billion in Q2 FY24, Up 9% YoY

Tata Power, an integrated power company, clocked a net profit of ₹10.2 billion (~$122.5 million) in the second quarter (Q2) of the financial year (FY) 2024, marking a...

November 8, 2023

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Arjun Joshi

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Other

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Renewable Energy
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IndiGrid’s Q2 FY 2024 Profits Plummet to $388.91 Million, Down 69.1% YoY

India Grid Trust (IndiGrid), a power infrastructure investment trust, has recorded a profit of ₹32.3 billion (~$388.91 million) during the second quarter (Q2) of the...

November 8, 2023

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Gautamee Hazarika

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Grid

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Market & Policy
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Array Technologies’ Profit Drops to $23 Million in Q3 as Solar Tracker Sales Decrease

Array Technologies, a utility-scale solar tracker company, reported a profit of $23.2 million for the third quarter (Q3) of 2023, a 42% drop from $40.6 million for the...

November 8, 2023

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Staff

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Other

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Renewable Energy
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Scatec’s Net Profit Falls 72% YoY in Q3 as Operating Expenses Surge

Norway-based independent power producer Scatec reported a net profit of NOK95 million (~$8.5 million) in the third quarter (Q3) of 2023, a decrease of 72% year-over-year...

November 7, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Suzlon Takes Net Profit Up by 82% YoY in Q3, Reports Debt-Free Balance Sheet

Wind turbine manufacturer Suzlon Energy posted a net profit of ₹1.02 billion (~$12.2 million) during the second quarter (Q2) of the financial year (FY) 2024, an increase...

November 3, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Tesla’s Net Income Falls 36% in Q3 as Lower EV Prices Hurt Profits

U.S.-based electric vehicle (EV) maker Tesla reported a net income of $2.3 billion in the third quarter (Q3) of the financial year (FY) 2023, a 36% year-over-year (YoY)...

October 19, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Ørsted Records a Loss of $78 Million in Q2 As Wind Projects Yield Less Revenue

Denmark-based renewable energy project developer Ørsted has reported a net loss of DKK 538 million (~$78.29 million) in the second quarter (Q2) of 2023, compared to a...

August 24, 2023

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Rakesh Ranjan

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Other

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Wind
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Canadian Solar’s Net Income Surges 130% YoY With Higher Module Shipments

Solar module maker Canadian Solar‘s net income surged 130% year-over-year (YoY) to $170 million for the second quarter (Q2) of the financial year (FY) 2023, driven...

August 23, 2023

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Arjun Joshi

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Other

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Renewable Energy
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PFC Logs Net Profit of ₹60 Billion in Q1 FY 2023, Up 30% YoY

Power Finance Corporation (PFC) has recorded a net profit of ₹59.82 billion (~$720.9 million) for the first quarter (Q1) of the financial year (FY) 2024, a...

August 22, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Sembcorp’s Profit from Renewables Increases by 54% to $87 Million in 1H 2023

Singapore-based renewable energy company Sembcorp Industries recorded a net profit of S$602 million (~$449.7 million) in the first half (1H) of 2023, an increase of 55%...

August 4, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Adani Green Registers a 55% YoY Rise in Revenue in Q1 FY24

Renewable energy company Adani Green Energy (AGEL) has generated revenue of ₹20.59 billion (~$250.36 million) from the sale of energy in the first quarter (Q1) of the...

July 31, 2023

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Arjun Joshi

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Other

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Renewable Energy
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IEX’s Profit for Q1 FY 2024 Up 10% YoY to ₹758 Million, Trades 25 BU

The Indian Energy Exchange (IEX) has reported a profit after tax of ₹758.2 million (~$9.2 million), an increase of 10% year-on-year (YoY) in the first quarter (Q1) of...

July 27, 2023

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Arjun Joshi

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Other

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Renewable Energy
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NextEra’s Net Income Jumps 102% YoY in Q2, on Higher Renewable Additions

U.S.-based energy company NextEra Energy reported a net income of $2.79 billion for the second quarter (Q2) of 2023, an increase of over 102% year-over-year (YoY),...

July 26, 2023

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Arjun Joshi

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Other

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Renewable Energy

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