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solar power

Etrion Sees $2.5 Million Net Loss in FY 2021

Switzerland based independent solar power producer, Etrion has recently released its financial results for the first quarter of 2021 (Q1 FY21) ended March 31, 2021. During Q1-21, Etrions’s corporate segment generated negative earnings before interest, taxes, depreciation, and amortization (“EBITDA”) of USD 1.8 million and a net loss of USD 2.5 million, compared to a […]

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Vattenfall Collaborates with Eramet Norway to Support the Norwegian Electricity Grid

Through the collaboration between Vattenfall, Sympower and Statnett, ferro-alloy company Eramet Norway has gained access to FFR (Fast Frequency Reserve) between May and October 2021. This means that they can contribute to a stable power grid, not only in Norway, but throughout the entire Nordic electricity grid if a power failure occurs. Energy sources such as […]

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Pakistan Must Shift Focus from Coal to Renewable Energy: IEEFA

There is no second life for coal Pakistan’s intention to use coal for power production through gasification and liquefaction technologies is likely to cause harmful economic impacts and a subsequent increased reliance on fossil fuels in Pakistan, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Pakistan’s intention to explore […]

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Ginlong Technologies (Solis) Achieves Another Year of Strong Sales Growth in 2020

Ningbo, China-Ginlong Technologies Co.,Ltd. (Solis) published its 2020 annual report. In 2020, the Company’s revenue reached 321.6 million, an increase of 83% year-on-year. Net profit attributable to the shareholders was USD 48.9 million, an increase of 151% year-on-year. Net profit after the deduction of extraordinary items was USD 43.1 million, +130% year-on-year. Net cash flow […]

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Adani Green Energy Posts 136% Increase in Cash Profit for FY21

Adani Green Energy, a part of the Adani Group, has announced its financial results for the quarter and financial year ended March 31, 2021. The company has reported strong numbers across its value chain including cash profit and awarded capacity in national tenders. Financial Performance: The firm reported that revenue from Power Supply in FY21 […]

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Meghalaya to Empanel Developers for Renewable Energy Projects

Meghalaya has issued an EOI for the empanelment of developers for setting up renewable energy projects under different models in the state. The Power Department of the Government of Meghalaya has issued an Expression of Interest (EOI) for the empanelment of firms/ developers for setting up renewable energy projects including hydro, solar, wind, and biomass […]

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Systems Engineer (m/f/d)

Responsibilities: Assessment of project feasibility and techno-economic optimization of projects considering possible system design configurations Evaluation of various Climate data sources and energy yield simulations (PVsyst) to provide key project performance indicators for commercial project optimization and transaction services Preparation of system design drawing packages for various project phases such as conceptualization, planning, tendering and […]

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Waaree Praises PLI but Says Indian PV Manufacturers Facing Challenges

Mumbai-headquartered solar PV module manufacturer Waaree Group has expressed appreciation for the government’s recently announced Production Linked Incentive (PLI) scheme and has highlighted the challenges currently facing Indian manufacturers of solar power generation equipment. Chairman and Managing Director Hitesh Doshi believes that the PLI scheme will boost the country’s manufacturing sector, which is paramount today. He […]

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PLI Scheme for Manufacturing of High Efficiency PV Modules a Positive for Domestic OEMs: ICRA

The Ministry of New & Renewable Energy (MNRE) has notified the guidelines for the Production- Linked Incentive (PLI) scheme to promote the domestic manufacturing of high-efficiency solar modules and thereby reduce dependence on imports in the solar power sector. The scheme has been approved with a financial outlay of Rs. 4500-crore over a period of […]

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