Author: Prasanna Singh

Sterling and Wilson Solar Q1 Results. Underwhelming

Sterling and Wilson Solar Limited (SWSL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), one of the leading solar EPC and O&M solutions provider, announced its unaudited financial results for the quarter ended 30th June 2021. The Company’s consolidated revenue from operations for Q1FY22 stood at Rs. 1,195 crore and adjusted gross margins stood at Rs 28 […]

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PM’s I Day Speech-Is India Hurting Itself By Thinking Too Far Ahead?

Prime Minister Narendra Modi, who has a somewhat well earned reputation for making momentous announcements on days when he is the focus of attention, did not disappoint when it came to his Independence day speech. Calling for the country to be free of energy imports by 2047, he went on to announce a National Hydrogen […]

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MNRE Issues RLMM List For Wind Turbines

The Revised list of models and manufacturers (RLMM) for Wind turbines in India has none of the surprises one associates with the ALMM (Approved list of Module Maufacturers) list for solar producers. For where the ALMM list is restricted to domestic manufacturers for now, the RLMM list has as many as 9 out of 14 […]

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Domestic Solar Manufacturers Collateral Damage In Tussle Between Govt And SC

The ongoing tussle between the union government and the Supreme Court, where the apex court has repeatedly expressed its displeasure at the slow pace of filling of vacancies in courts, and lately in tribunals too, has come back to hurt solar manufacturers. Of course, for the sector as a whole, this is not the first […]

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ReNew Power Makes First Hydro Acquisition, Adds 359 MW Acquisitions

 ReNew Power continues its strong 2021 performance with the announcement of two acquisitions of 359 MW of renewable projects. Notably, the firm has made its first Hydropower acquisition, a 99 MW project in Uttarakhand. The second project is a clutch of 260MW/330MWp solar projects in the state of Telangana According to the firm, the combined […]

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Bangladesh’s Largest Solar Plant Of 100 MW Up For Approval

Bangladesh, known more for its off grid solar programme that has provided electricity access to over 20 million citizens, and spawned some brilliant startups (notably SOLshare) in the process, is finally close to a large, utility scale project. Plans have been finalised to set up the country’s largest single power plant in Jamalpur, for a […]

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IPO Time For India Solar Equipment Manufacturers In 2021

After a long wait, initial reports are finally coming out regarding plans by major Indian solar equipment manufacturers planning Initial Public Offers. We refer to a long wait simply  because the markets have been buoyant for a while now, and have duly been followed by an IPO wave the likes of which has rarely been […]

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Battery Startup Log 9 Materials Raises $5 million from Amara Raja Batteries

Bengaluru-headquartered advanced battery-tech Log 9 Materials has announced an equity partnership and collaboration with Amara Raja Batteries (ARBL), one of India’s largest manufacturers of industrial and automotive batteries. The deal involves an investment of $5 Million from Amara Raja Batteries during its ongoing Series A+ funding round. For ARBL, the investment follows the announcement of […]

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Corporates Almost Match Utilities As Solar Installs Hit New High In the US

A report by the American Clean Power Association (ACPA) highlights the key role played by corporate demand in solar power, with the 2020 numbers as reference. Residential rooftop continues to provide a strong support to the market on the back of state subsidies. In 2020, the amount of solar installed in the US was 4000% […]

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