LONGi’s H1 FY21 Results Out: US$5.438 B Revenue Reported Updated On Mon, Sep 6th, 2021 by Saurenergy Chinese module manufacturer LONGi has released its financial results for the first half of 2021, reporting revenue of 35.098 billion yuan (around US$5.438 billion), an increase of 74.26% compared to the same period of last year. The company earned a net profit of 4.993 billion yuan (around US$773.688 million), up 21.30% over the prior-year period. […] Read more
REI Expo 2021 Is Back. Important Dates and Details Updated On Mon, Sep 6th, 2021 by Saurenergy The Renewable Energy India (REI) Expo, among Asia’s largest and most influential expo’s in the RE space by Informa Markets in India, is back this year in its 14th epic edition in a physical format. Scheduled for 15th – 17th September 2021 at the India Expo Mart, Greater Noida, REI is supported by Indian Biogas Association (IBA), […] Read more
US Vanadium Announces $2.1 M Production Capacity Expansion Updated On Mon, Sep 6th, 2021 by Saurenergy American chemicals producer US Vanadium has announced a $2.1 million expansion of its production capacity for ultra-high-purity electrolyte used by grid-level vanadium flow batteries (VRFB). The production expansion comes on the heels of a purchase agreement for 580,000 litres of ultra-high-purity electrolyte by Austrian VRFB manufacturer and energy storage provider Enerox GmbH, which sells its […] Read more
Azure Power Hopeful of No Price Markdowns As PSA’s Finally Start on Its 4 GW Mfg Linked Win Updated On Thu, Sep 2nd, 2021 by Saurenergy At an analyst call post its Q1 results for 2022-23, Azure Power CEO Ranjit Gupta expressed the hope that there will be no price markdowns on the winning bid rates, for its 4 GW tender manufacturing linked tender wins. Azure had won a total project capacity of 4 GW, even as Adani Green Energy won […] Read more
CERC Rejects Phelan Energy’s Prayer to Review Old Order by SECI Updated On Wed, Sep 1st, 2021 by Saurenergy The Central Electricity Regulatory Commission (CERC) has rejected the review petition of solar developer Phelan Energy India RJ Pvt. Limited, which was filed in relation to an order passed by the Solar Energy Corporation of India Limited (SECI) in 2019. Phelan Energy stated before CERC that in an order passed in October, 2019, SECI had […] Read more
Ready For High Tide At Jakson Group Updated On Mon, Aug 30th, 2021 by Saurenergy At the closely held Jakson Group, known until recently for its prowess in the diesel genset market rather than renewable energy, setbacks are usually taken in stride. The group has faced its share of challenges in a legacy almost as old as Independent India, thanks to its modest beginnings in 1947. The two big disruptions […] Read more
Japanese Firm to Build World’s 1st Power Transfer Vessel Updated On Fri, Aug 27th, 2021 by Saurenergy PowerX, a Japanese company, plans to innovate power storage and transmission by developing an automated Power Transfer Vessel to carry electricity from offshore wind farms to shore. The very first model of such vessels is “Power ARK 100” – a 100TEU trimaran specially designed for transferring renewable energy in Japan’s coastal waters. The company also […] Read more
Indian RE Sector Stable But Riddled With Payment & PPAs Signing Delays Updated On Thu, Aug 26th, 2021 by Saurenergy While India’s renewable energy (RE) sector is currently stable, the key challenges containing its growth lie on the execution front, finds a new report by ICRA. According to the report, the RE sector’s present stability is on account of strong project pipeline, the government’s continued policy support, and superior tariff competitiveness offered by wind and […] Read more
Tongwei Earns $462.3 Million Net Profit in H1 FY21 Updated On Thu, Aug 26th, 2021 by Saurenergy Chinese solar equipment manufacturer Tongwei saw an almost three-fold increase in its profits in the first half of 2021 as a result of prices rising throughout the solar value chain during this period. In H1 FY21, Tongwei’s operating revenue was RMB26.5 billion (US$4 billion), up nearly 42% year-on-year. Net profit nearly trebled to RMB3 billion […] Read more
