results

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REC Silicon’s Q1 Loss Widens to $34.4 Million on Slow Semiconductor Market

Norway-based polysilicon manufacturer REC Silicon‘s net loss widened to $34.4 million for the first quarter (Q1) of the financial year (FY) 2023 compared to the...

May 16, 2023

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Rakesh Ranjan

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Markets & Policy

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Solar
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LONGi’s Q1 Net Profit Jumps 37% With Higher Solar Module Shipments

China-based solar module manufacturing company LONGi Green Energy Technology has reported a net profit of RMB3.64 billion (~$526.79 million) in the first quarter (Q1) of...

May 5, 2023

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Rakesh Ranjan

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Markets & Policy

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Solar
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First Solar Swings into Net Income of $43 Million in Q1 on Higher Sales

U.S.-based solar module manufacturer First Solar recorded a net income of $42.6 million in the first quarter (Q1) of the financial year (FY) 2023, compared to a net loss...

April 28, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Canadian Solar’s Q4 Net Income Surges by 200% on Higher Module Shipments

Solar module maker Canadian Solar‘s net income surged 200% year-over-year (YoY) to $78 million for the fourth quarter (Q4) of the financial year (FY) 2022, fueled...

March 23, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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Hydrogen Fuel Cell Company Plug Power’s Revenue Up 36% YoY in Q4

Plug Power, a U.S.-based developer of hydrogen fuel cell turnkey solutions, recorded a revenue of $220.7 million in Q4, a year-on-year (YoY) increase of 36% compared to...

March 9, 2023

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Gautamee Hazarika

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Finance and M&A

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Other

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Renewable Energy
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Module Manufacturer First Solar Reports Net Loss of $8 Million in Q4 2022

U.S.-based solar module manufacturer First Solar has recorded a net loss of $8 million in the fourth quarter (Q4) of 2022, compared to an income of $131 million...

March 1, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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REC Silicon Posts Q4 Net Loss of $26 Million on Lower Demand

Polysilicon manufacturer REC Silicon’s net loss widened to $26 million for the fourth quarter (Q4) of the financial year (FY) 2022 compared to the net loss of $13.1...

February 24, 2023

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Gourav Mishra

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Modules

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Solar
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Energy Storage Firm Stem’s Q4 Revenue Jumps 194% to $156 Million

Smart energy storage company Stem posted a revenue of $156 million for the fourth quarter (Q4) of the financial year (FY) 2022, which is a 194% jump year-over-year (YoY)....

February 21, 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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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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Suzlon’s Q3 Profit Doubles to ₹780 Million on Lower Finance Cost

Indian wind turbine manufacturer Suzlon Energy posted a net profit of ₹780 million (~$9.4 million) during the third quarter (Q3) of the financial year (FY) 2023, an...

February 15, 2023

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Gautamee Hazarika

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Finance and M&A

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Wind
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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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IndiGrid’s Q3 Profit Rises 27% to ₹1.19 Billion on the Back of Acquisitions

IndiGrid, the Indian power sector’s first infrastructure investment trust (InvIT), said its profit jumped 27% year-over-year (YoY) to ₹1.19 billion (~$14.59 million) in...

January 31, 2023

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Rakesh Ranjan

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Finance and M&A

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Grid

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T&D
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NextEra’s Clean Energy Business’ Net Income Up 17% YoY in Q4 2022

The U.S.-based energy company NextEra Energy reported a net income of $1.52 billion for the fourth quarter (Q4) of 2022, up by 26.41% year-over-year (YoY), driven...

January 27, 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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Nordex’s 9M Net Loss Grows to €372 Million on Supply Chain Disruptions

Germany-based wind turbine manufacturer Nordex SE reported a net loss of €371.6 million (~$385.1 million) in the first nine months (9M) of the calendar year (CY) 2022,...

November 17, 2022

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Rakesh Ranjan

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Finance and M&A

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Other
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IREDA’s Loan Approvals for Renewables Swell by 89% QoQ in Q2 FY23

Indian Renewable Energy Development Agency (IREDA) has posted a profit of ₹1.84 billion (~$22.83 million) in the second quarter (Q2) of the financial year (FY) 2023,...

November 14, 2022

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Rakesh Ranjan

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Finance and M&A

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Other

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