LONGi Revenues Down 40% In H1 2024, Losses Climb To $760 Million Updated On Thu, Sep 19th, 2024 by Saurenergy LONGi Green Energy, one of the largest integrated solar manufacturers , has reported its H1 results. The results reflect the weakness in prices seen during the year, with the firm slipping into significant loses on a reduced turnover. All this, despite LONGi reporting shipment of over 78 GW of wafer, cells and modules. LONGi reported […] Read more
Q3 2024: GE Vernova Faces $300Mn Loss Despite Onshore Wind Profitability Updated On Fri, Sep 13th, 2024 by Saurenergy GE Vernova recently released its financial results for 2024, in its financial guidance it posted a revenue trending towards the higher end of $34-$35 billion, adjusted EBITDA margin* of 5%-7%, and free cash flow* of $1.3-$1.7 billion. The company expects incremental strength in its Power and Electrification segments, with both trending towards the higher end […] Read more
News In Brief July 12: EV Forklifts At Vedanta, Losses At Chinese Solar Firms, Toledo Solar Shuts Updated On Fri, Jul 12th, 2024 by Saurenergy Vedanta Aluminium Adds 66 Units Of Electric Forklifts In Odisha Vedanta Aluminium has expanded its fleet of electric lithium-ion forklifts to 66 units with the additional 22 electric forklifts at its smelter operations in Jharsuguda, Odisha. Deployed across Vedanta Aluminium’s units in Jharsuguda and Lanjigarh in Odisha, as well as its BALCO smelter in Chhattisgarh, […] Read more
Q3 Results-Sterling and Wilson Renewable Continues Recovery With Order wins Updated On Thu, Jan 18th, 2024 by Saurenergy Sterling and Wilson Renewable Energy Limited (SWRE), one of the leading solar EPC and O&M solutions provider, announced its financial results for the quarter (Q3) ended 31st December 2023. Its consolidated loss in the third quarter (Q3) of FY24 stood at INR 63.7 crore compared to INR 101.2 crore year ago, and revenue rose 43 per […] Read more
EV Firm Bounce Continues To Search For A Pathway To Success Updated On Fri, Feb 10th, 2023 by Saurenergy Two wheeler EV maker Bounce, which started off in 2019 as a bike rental startup has had a tough run so far. With its bike rental and shared mobility plans repeatedly torpedoed by issues ranging from regulatory to market fit, in Fy 2021, the firm decided to shift to EV manufacturing, adding on Battery Management […] Read more
Discoms Faced Losses Worth Rs 27k Crore in FY19: RK Singh Updated On Mon, Dec 30th, 2019 by Saurenergy Power Distribution Companies (Discoms) in India suffered losses amounting to Rs 27,000 crore in the 2018-19 financial year, RK Singh has said. Power Distribution Companies (Discoms) in India suffered losses amounting to Rs 27,000 crore in the 2018-19 financial year, Union Minister of Power and New and Renewable Energy RK Singh has said. The government […] Read more
Suzlon Energy Losses Grow to Rs 40 Cr in 3rd Quarter Updated On Fri, Feb 8th, 2019 by Saurenergy The company’s total income in the quarter came down to Rs 1,112.34 crore from Rs 2,220.25 crore a year ago. Suzlon Energy, a premier wind energy solutions provider, has reported that its consolidated net loss has widened to Rs 40.07 crore in the December 2018 quarter year-on-year, mainly due to lower revenues, higher forex loss, […] Read more
