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financial results

Sungrow Signs 900 MW Agreement for 1500V Inverter Solution to Dubai

Sungrow has partnered with Shanghai Electric to supply its latest 1500V turnkey inverter solution to the 900 MW 5th phase of the MbRAM Solar Park in Dubai. Sungrow, a leading global inverter solution supplier for renewables, has announced that it has partnered with Shanghai Electric to supply its latest 1500V 6.25 MW turnkey solution to the […]

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Sungrow Bags 100% Bankability for a Second Year From BNEF

Sungrow has once again been ranked “100% bankable” by BNEF as per its latest survey of PV Module & Inverter Bankability 2020. The firm has also completed delivery for South Korea’s largest hybrid plant. Sungrow, one of the leading global inverter solution suppliers for renewables, has announced that it has once again been ranked “100% […]

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Suzlon Reports net Loss of Rs 399 Crore, Firm Still Positive

Suzlon has reported that its net loss has widened to Rs 399 crore, but the Group and its key executives are positive the firm will bounce book soon. Suzlon Group, one of India’s largest renewable energy solutions providers has announced its first-quarter results for the financial year 2020-21 (Q1 FY21). The firm has reported that […]

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Indian Railways Begins Talks With key Solar Industry Players

Piyush Goyal has held a meeting with stakeholders in the solar sector and discussed innovative solutions for setting up solar projects along railways tracks. As part of the Indian Railways‘ plan to become a net-zero carbon emitter by 2030, Railway Minister Piyush Goyal has held a meeting with stakeholders in the solar power sector and discussed innovative […]

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C&S Electric Acquisition by Siemens Limited Approved by CCI

CCI has approved the proposed acquisition of 100 percent of the share capital of C&S Electric Limited by Siemens Limited. The Competition Commission of India (CCI) on August 20, 2020, has approved the proposed acquisition of C&S Electric Limited by Siemens Limited (Siemens India). The proposed combination envisages the acquisition of 100 percent of the […]

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Vestas Reports 67% Increase in Revenue for Q2 2020

Vestas has issued its financial report for Q2 2020, reporting revenue of EUR 3,541 million – an increase of 67% compared to the year-earlier period. Global wind energy major Vestas has issued its interim financial report for the second quarter (Q2) of the financial year 2020. The firm has shown a strong performance in spite […]

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MNRE Guidelines For Off-grid Solar Power Plants in RESCO Mode

The Ministry for New and Renewable Energy (MNRE) has finally issued the guidelines for the implementation of off-grid solar power packs/ plants installed in RESCO mode and through model PPA. The newly issued guidelines follow the ministry’s order in April last year that extended Off-grid and Decentralized Solar PV Applications Programme –Phase III till March 31, […]

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PM Modi to Dedicate 750 MW Rewa Solar Project to the Nation

PM Narendra Modi will dedicate to the nation the 750 MW Solar Project set up at Rewa, Madhya Pradesh on July 10, 2020. Prime Minister Narendra Modi will dedicate to the nation the 750 MW Solar Project set up at Rewa, Madhya Pradesh on July 10, 2020. The Rewa Ultra Mega Solar Park in Madhya […]

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The Perils Of A High Customs Duty Regime

Every crisis brings an opportunity with it. This is because obstacles considered insurmountable earlier, can become a lot more manageable in the rush of a crisis. India’s government has clearly decided to use the Covid-19, followed by the now bloody border dispute with China, as the opportunity to set things right for manufacturing in India. […]

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