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Microinverter-maker Enphase Energy Earns $351.5 M Revenue in Q3FY21

California-based supplier of microinverter-based solar and battery systems Enphase Energy has released its financial results for the third quarter of 2021, reporting quarterly revenue of $351.5 million, along with 40.8% for non-GAAP gross margin. The company shipped approximately 2,599,575 microinverters, or 913 megawatts DC, and 65 megawatt hours of Enphase Storage systems during this period. […]

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Expect Tariff Hike by 20-25 Paise/Unit in Upcoming Solar Bids: ICRA

The increase in module prices and the recent hike in GST rate for solar power equipment from 5% to 12% is likely to increase the tariffs in the forthcoming solar bids by ~20-25 paise per unit from the levels seen over the past six months, finds a new ICRA report. Nonetheless tariffs are likely to […]

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Invest in RE in Developing Nations for Global Energy Transition: Study

A new report by BloombergNEF (BNEF) and the Climate Investment Funds details how private capital has been successfully leveraged to support renewable energy growth in developing nations – and offers specific insights on how to grow such investment further in key markets. The insights are published as the contentious question of how wealthier nations can […]

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Clean Energy Index Launched In Bloomberg, Goldman Sachs Collaboration

Bloomberg and Goldman Sachs Asset Management have announced the launch of the Bloomberg Goldman Sachs Global Clean Energy Index. Designed with the energy expertise at both firms, the index is a modified free float-adjusted market capitalization weighted index tracking the performance of over 175 global equities with significant business exposure to the clean energy sector. […]

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Adnoc Power Grid to be Run 100% on Nuclear & Solar in UAE

Abu Dhabi National Oil Co (Adnoc) has signed a deal with a local utility to supply up to 100% of its power grid with nuclear and solar energy sources, the Abu Dhabi government said on Tuesday. The supply deal, released by the state media office, follows the United Arab Emirates announcing this month plans to […]

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India Added >10 GW Solar & Wind Capacity from Jan-Sept’21: Report

From January 2021 till September 2021, approximately 8,811 MW solar capacity and 1,246 MW of wind capacity was added in India, according to a new report by JMK Research. This is about 280% and 101%, respectively, higher compared to the same period previous year. The key reason for the significant increase is the commissioning of […]

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525 KW Solar Plant Installed in Golden Temple, Punjab

With the financial assistance of the US-based United Sikh Mission, a 525 KW capacity solar power plant was commissioned in the holiest of Sikh shrines, Harmandir Sahib, popularly known as Golden Temple, in Amritsar, Punjab, on Tuesday. “Our mission is to ensure clean power supply round the clock at Sri Darbar Sahib, saving 33 per […]

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GESCL Invites Bids for 60 MW Solar Projects in Gujarat

The Gujarat State Corporation Limited (GESCL) has invited bids from interested contractors for the design, engineering, supply, procurement, installation, and commissioning of 60 MW solar photovoltaic grid-connected power plants, including their operation and maintenance for 5 years, around various substations of GETCO of Bhachau Taluka in Kachchh District, Gujarat. The deadline for bid submission is […]

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