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First Solar Swings to Profit in Q4 on Strong US Demand

U.S.-based solar module manufacturer First Solar reported a fourth-quarter (Q4) net income of $349 million, swinging to profit from last year’s loss of $7.5 million, as...

February 28, 2024

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Staff

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Finance and M&A
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Strong Domestic EPC Operations Lowers Sterling and Wilson’s Q3 Net Loss

The engineering, procurement, and construction (EPC) arm of Shapoorji Pallonji Group, Sterling and Wilson Renewable Energy’s consolidated net loss reduced by 37%...

January 19, 2024

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Arjun Joshi

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Other

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Renewable Energy
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SJVN Revenue for Q2 FY24 Up 3% YoY, Hydropower Generation Marginally Drops

SJVN has recorded a revenue of ₹9.53 billion (~$114.4 million) during the second quarter (Q2) of the financial year (FY) 2023-24, a year-over-year (YoY) increase of 3%...

November 14, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Fuel Cell Maker Ballard Power’s Net Loss Surges by 46% YoY to $62 Million in Q3

Fuel cell manufacturer Ballard Power Systems has reported a net loss of $62.4 million (~$749,437) in the third quarter (Q3) of 2023, marking an increase of 46%...

November 8, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Adani Green’s Q2 Revenue Up 80% on Higher Energy Sales, Capacity Additions

Renewable energy company Adani Green Energy (AGEL) has generated a revenue of ₹19.84 billion (~$238.3 million) from the sale of energy in the second quarter (Q2) of the...

October 31, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Increased Sales Push SMA Solar’s Net Income to $56 Million in Q2 2023

Germany-based solar energy equipment supplier SMA Solar Technology reported a net income of €51.79 million (~$56.46 million) in the second quarter (Q2) of 2023, a vast...

August 17, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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Increased Module Shipments Push Jinko Solar’s Net Income to $331 Million in Q2

China-based solar cell and module manufacturer Jinko Solar reported a net income of RMB2.41 billion (~$331.38 million) in the second quarter (Q2) of 2023, a considerable...

August 16, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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IREDA’s Q1 Profit Up 30% YoY, Non-Performing Assets Reduce

The government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a profit after tax of ₹2.95 billion (~$35.54 million) for the first quarter...

August 14, 2023

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Rakesh Ranjan

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Finance and M&A

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Other

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Renewable Energy
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Fuel Cell Maker Ballard Power’s Net Loss Narrows to $30 Million in Q2 2023

Fuel cell manufacturer Ballard Power Systems has reported a net loss of $30.1 million in the second quarter (Q2) of 2023, marking a decrease of 46% year-over-year (YoY)...

August 11, 2023

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Rakesh Ranjan

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Other

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Renewable Energy
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Tata Power’s Residential Rooftop Solar Business Grew 87% YoY in Q1 FY24

Tata Power, an integrated power company, reported a net profit of ₹11.41 billion (~$137.71 million) in the first quarter (Q1) of the financial year (FY) 2024, marking a...

August 10, 2023

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Rakesh Ranjan

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Finance and M&A

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Other
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Fuel Cell Maker Bloom Energy Narrows Loss by 44% YoY in Q2 2023

Solid oxide fuel cell manufacturer Bloom Energy has reported a loss of $66.1 million in the second quarter (Q2) of 2023, a 44% improvement from $118.8 million in Q2 2022....

August 4, 2023

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Rakesh Ranjan

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Finance and M&A

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Other
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First Solar’s Q2 Net Income Surges 205% YoY on Increased Module Sales

U.S.-based solar module manufacturer First Solar recorded a net income of $170.58 million in the second quarter (Q2) of 2023, an increase of 205% year-over-year (YoY)...

July 28, 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’s Net Profit Up 21% YoY to ₹29 Billion in Q1 FY 2024

REC Limited, a government-owned infrastructure finance company, posted a net profit of ₹29.61 billion (~$361.12 million) in the first quarter (Q1) of the financial year...

July 27, 2023

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Rakesh Ranjan

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Finance and M&A

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Other
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EPC Projects Drive Waaree’s Profit Up 12% YoY in Q1 FY 2024

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a net profit of ₹111 million (~$1.36 million)...

July 25, 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’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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