ReNew Power’s Revenue Up 27% YoY in FY 2022, Renewable Portfolio Grows by 1.7 GW

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 ...
/ / Uncategorized
Solar Inverter Company SolarEdge’s Revenue Up by 54% YoY to $551.91 Million in Q4 2021

Solar Inverter Company SolarEdge’s Revenue Up by 54% YoY to $551.91 Million in Q4 2021

SolarEdge Technologies, an Israel-based manufacturer of solar inverters, power optimizers, and monitoring systems, reported a revenue of $551.91 million in the fourth quarter (Q4) of 2021, a 54% year-over-year (YoY) ...
/ / Markets & Policy, Solar
Loans Provided to Renewable Energy Sector by REC Limited Up 10% YoY in Q3 FY22

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 ...
/ / Finance and M&A, Other
Sterling and Wilson Solar's QoQ Revenue Up 20% in Q2 FY22

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 ...
/ / Finance and M&A, Other
Suzlon Registers 18% Quarterly Increase in Net Revenue in Q2 FY 2022

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% ...
/ / Finance and M&A, Other
REC Limited’s Loans to Renewable Energy Sector Down 68% YoY in Q2 FY 2022

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 ...
/ / Finance and M&A, Other
Tata Power’s Renewable Portfolio Grows 10%, Revenue Inches Up to 13% YoY in Q2 FY 2022

Tata Power’s Renewable Portfolio Grows 10%, Revenue Inches Up to 13% YoY in Q2 FY 2022

Tata Power has recorded a revenue of ₹95.02 billion (~$1.26 billion) in the second quarter (Q2) of the financial year (FY) 2022, a 13% growth from ₹84.28 billion (~$1.12 billion) ...
/ / Finance and M&A, Solar
Sungrow’s Revenue in 1H 2021 Up 18% Led By Solar Inverter, Energy Storage System Sales

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 ...
/ / Inverters & BOS, Solar
Decrease in Solar Module Shipments Pull Jinko's Revenue by Down 6% YoY in Q2 2021

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 ...
/ / Modules, Solar
Azure Power Logs 13% YoY Growth in Revenue in Q1 FY 2022

Azure Power Logs 13% YoY Growth in Revenue in Q1 FY 2022

Independent solar power producer Azure Power posted a 13% year-over-year (YoY) rise in its revenue in the first quarter (Q1) of the financial year (FY) 2022, driven by projects commissioned after Q2 ...
/ / Finance and M&A, Solar
Sterling and Wilson Solar’s Revenue Jumps 11.8% in Q1 FY 2022

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 ...
/ / Markets & Policy, Solar
Tata Power’s Solar EPC Business Drives Revenues Up in Q1 FY 2022

Tata Power’s Solar EPC Business Drives Revenues Up in Q1 FY 2022

Tata Power declared its financial results for the first quarter (Q1) of the financial year (FY) 2022 and recorded a 47% growth in consolidated revenues to ₹98.31 billion (~$1.32 billion) compared ...
/ / Finance and M&A, Solar
Adani Green’s Total Income Up by 23% YoY to ₹10.79 Billion in Q1 FY 2022

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% ...
/ / Finance and M&A, Solar
NTPC Targets 60 GW of Renewable Energy Capacity by 2032

NTPC Targets 60 GW of Renewable Energy Capacity by 2032

In its annual investor presentation, NTPC Limited has announced its plans to install 60 GW of renewable energy capacity by 2032. Of the target, NTPC Renewables is expected to develop ...
/ / Other, Renewable Energy
Meyer Burger Reports a Net Loss of CHF 64.47 Million in 2020

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, ...
/ / Finance and M&A, Solar
Solar Tracking Company Array Technologies’ Net Profit Jumps 49% in 2020

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 ...
/ / Markets & Policy, Solar
Solar Glass Manufacturer Xinyi Solar's Profit Jumps 79% in 2020

Solar Glass Manufacturer Xinyi Solar’s Profit Jumps 79% in 2020

Xinyi Solar, a China-based solar glass manufacturer and project developer, has announced a 79.52% increase in its net profit to HK$ 5.023 billion (~$647.46 million) in 2020 from HK$2.798 billion ...
/ / Finance and M&A, Solar
Sterling and Wilson Solar’s Revenue Up 22% in Q3 FY 2021

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 ...
Power Finance Corporation’s Revenue Up 16% in Q3 FY 2021

Power Finance Corporation’s Revenue Up 16% in Q3 FY 2021

The Power Finance Corporation (PFC) has reported a rise in its revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) with ₹184.42 billion (~$2.5 billion), up ...
/ / Finance and M&A, Grid
Azure Power Posts 15.6% Rise in Revenue in Q3 FY 2021 Due to Higher Operational Capacity

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 ...
Tata Power Reports 8% Rise in Total Revenue, 22.3% Increase in Profits

Tata Power Reports 8% Rise in Total Revenue, 22.3% Increase in Profits

Tata Power has said its total revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) stood at ₹77.4 billion (~$1.06 billion), up 8% from ₹71.7 billion (~$986 ...
Adani Green Posts 31% Revenue Growth YoY in Q3 FY 2021 as Solar Sales, Capacity Soar

Adani Green Posts 31% Revenue Growth YoY in Q3 FY 2021 as Solar Sales, Capacity Soar

Adani Green Energy Limited (AGEL) reported a 61% rise in total income in Q3 2021 compared to the same quarter the previous year. During the quarter, AGEL earned ₹8.43 billion ...
Strong Performance of Solar Assets Takes Adani Green’s Revenue Up by 10% YoY

Strong Performance of Solar Assets Takes Adani Green’s Revenue Up by 10% YoY

Adani Green Energy Limited (AGEL) declared its financial results for the first quarter of the financial year 2020-2021. Despite COVID, The company’s revenue and ‘earnings before interest taxes depreciation amortization’ ...
/ / Finance and M&A, Solar
Sungrow Reports Nearly 56% Rise in Revenue in the First Half of 2020

Sungrow Reports Nearly 56% Rise in Revenue in the First Half of 2020

Sungrow, a solar inverter manufacturer, reported that its revenue increased by 55.57% year-over-year (YoY). In the first half (1H) of the financial year (FY) 2020-21, its revenue inched up to ...
/ / Markets & Policy, Solar
REC Limited Disbursed ₹5.24 billion in Loans to Renewable Energy Sector in FY2020

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 ...