SUBSCRIBE NEWS LETTER

solar power

SolarEdge Announces Financial Results for Q1 2021

Israeli-based solar inverter manufacturer SolarEdge has announced its financial results for the first quarter ended March 31, 2021, reporting good revenues to shareholders worldwide. Zvi Lando, CEO of SolarEdge, said, “We are happy to report our first quarter results, representing continued growth in our solar business across geographies and segments.” In Q1 2021, the company reported […]

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First Solar Records $803 Million in Net Sales in Q1 2021

American solar technology company, First Solar has released its first-quarter (Q1) 2021 financial results, showing that the company has recorded net sales of USD 803 million with an increase of USD 194 million from the prior quarter. First Solar says that this has resulted primarily due to an increase in systems revenue driven by U.S. […]

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Barcelona Develops Solar Pavement at a Historic Square

The Barcelona City Council recently revealed that it is funding the development of a 50-square-meter pilot project at Plaça de Les Glòries Catalanes, a historical square, for testing the feasibility of PV-paving technology which will be supplied by Spain’s Sorigué and Hungary-based Plati. The project won the municipal challenge ‘Generator pavements’, which sought innovative solutions for generating […]

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Swedish Solar Installer SunRoof Raises €4.5 Million

Sweden based residential solar rooftops installer, SunRoof closed a Euro 4.5 million funding round led by Inovo Venture Partners, a Poland based investor which backs early-stage and post-traction startups. It was the second round of investment of the seed extension round in under six months, taking total funding to Euro 6.5 million. The funding was […]

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ReneSola Power Releases Preliminary First Quarter 2021 Results

Connecticut-headquartered solar project developer and operator ReneSola Ltd recently announced its preliminary unaudited financial results for the first quarter of fiscal year 2021, based on which the company now expects revenue for the first quarter of 2021 to exceed $20 million, higher than the previously announced guidance range of $18 million to $20 million. Additionally, gross margin […]

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Indian Army Launches First Solar Plant in North Sikkim

Seeking to harness renewable energy for the benefit of its troops working in remote conditions, the Indian Army has recently inaugurated the first green solar energy plant in Sikkim. The facility, which uses vanadium-based battery technology, was built at an altitude of 16000 ft. in the northern part of the state and has a capacity of […]

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REIL Tenders For Solar Plants At Training, Educational Institutions in Rajasthan

The Rajasthan Electronics and Instruments Limited (REIL) has come out with a tender for the “Survey, Design, Supply of BOS, Installation – Commissioning and 5 years maintenance of various capacity Grid Connected SPV Power Plant(s) at various Training Institutions / Educational Institutions in various districts in the state of Rajasthan” . A pre-bid meeting will […]

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10th Extension for SECI’s 15 MW Floating Solar Tender in Himachal

SECI has extended the bid submission deadline for its tender for setting up 15 MW floating solar plant at the Nangal Pond in Himachal Pradesh The Solar Energy Corporation of India (SECI) has now, for the tenth time, extended the bid submission deadline for its tender for the selection of a project developer for setting […]

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41 Percent Growth in India’s Power Consumption in April 2021

Power consumption in India grew 41 percent in April 2021 to reach 119.27 BU According to data made available by the Power Ministry, power consumption in India grew 41 percent in April 2021 to reach 119.27 billion units (BU) over the same month last year, showing what the ministry believes to be a robust recovery in industrial and […]

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