Anand Gupta

Managing Board of SMA Solar Technology AG expects earnings for 2021 to be below adjusted guidance and presents sales and earnings guidance for 2022

Managing Board of SMA Solar Technology AG raises earnings forecast for current fiscal year – EQ Mag Pro

October 29, 2022 Anand Gupta 0

The Managing Board of SMA Solar Technology AG (SMA/FWB: S92) has raised its earnings forecast for the fiscal year 2022. The new forecast predicts operating earnings before interest, taxes, depreciation and amortization (EBITDA) of €60 million to €75 million (previously: €10 million to €60 million). As reasons for raising the forecast, the Managing Board cites […]

Quarter Results

First Solar, Inc. Announces Third Quarter 2022 Financial Results – EQ Mag Pro

October 29, 2022 Anand Gupta 0

Net sales of $629 million Net loss per diluted share of $0.46 Cash, cash equivalents, restricted cash, and marketable securities of $1.9 billion YTD net bookings of 43.7 GW DC 16.6 GW DC of net bookings since prior earnings call Record expected module shipment backlog of over 58 GW DC Reduce FY 2022 earnings guidance […]

Americas

Arevon Secures 2 GW Supply of Responsibly Produced American Solar Modules from First Solar – EQ Mag Pro

October 29, 2022 Anand Gupta 0

Advanced thin film modules to support Arevon’s industry-leading solar portfolio NEW YORK and SCOTTSDALE, Ariz. and TEMPE, Ariz. : Arevon Energy, Inc. has secured a more than 2–gigawatt (GW)DC supply of advanced Series 7 thin film photovoltaic (PV) solar modules from First Solar, Inc. (Nasdaq: FSLR) to support its growing renewable energy portfolio. Approximately 700 […]

Business & Finance

First Solar to Accelerate American Thin Film PV Innovation with $270 Million Investment in Dedicated R&D Innovation Center – EQ Mag Pro

October 29, 2022 Anand Gupta 0

New 1.3 million square-foot facility expected to fast-track validation of technology and process improvements, enabling development of next-generation thin film solar modules Dedicated R&D facility to optimize rate of learning, reduce downtime on commercial production lines TEMPE, Ariz. : First Solar, Inc. (Nasdaq: FSLR) today announced that it plans to invest approximately $270 million in […]

Europe & UK

BayWa r.e. starts construction of Austria’s largest floating solar plant – EQ Mag Pro

October 29, 2022 Anand Gupta 0

German renewable energy company BayWa r.e. has made progress on the construction of Austria’s largest floating solar power plant that will, once constructed, be able to supply 7,500 households with green electricity. Named Grafenwörth, and under construction on ponds in former sand and gravel pits near the namesake town, the 24.5MWp floating solar project will […]

Business & Finance

Saudi Arabia leases land for green energy projects – EQ Mag Pro

October 29, 2022 Anand Gupta 0

Al-Qassim Region in central Saudi Arabia has signed an investment agreement to lease land to the Saudi Electricity Company (SEC) for new renewable energy projects. The agreement concerns an area of more than 23 million square metres (27.5m sq yd) in Al-Badayea Governorate, which is part of the Al-Qassim Region, the state-owned Saudi Press Agency […]

RERC (Terms and Conditions for Determination of Tariff) (First Amendment) Regulations, 2019

India

No takers for green power worth 5 GW – EQ Mag Pro

October 29, 2022 Anand Gupta 0

NEW DELHI : Amid the government’s ambitious energy transition goals, as much as 5 GW of electricity from renewable energy projects remains unsold, two people aware of the development said. The reason: A government-run nodal agency has been unable to find distribution companies willing to buy the power from these projects. State-run Solar Energy Corp. […]

ArcelorMittal joins race to buy Sprng Energy in green steel push

Business & Finance

ArcelorMittal arm AMNS India to invest Rs 60,000 crore to expand Hazira plant: Chairman Aditya Mittal – EQ Mag Pro

October 29, 2022 Anand Gupta 0

Hazira : ArcelorMittal’s arm AMNS India will invest Rs 60,000 crore to scale up capacity of its steel plant here to 15 million tonnes (MT), the company’s chairman Aditya Mittal said on Friday. The existing capacity of the plant is 9 MT. “We will invest Rs 60,000 crore to increase capacity of our plant to […]

Indian EV start-up EMotorad raises Rs 24 crore in Pre Series A funding; plans to hire new talent

Business & Finance

Indian EV start-up EMotorad raises ₹24 crores in Pre Series A funding; plans to hire new talent – EQ Mag Pro

October 29, 2022 Anand Gupta 0

The e-bike company, which has a manufacturing facility in Pune, claims it has sold over 35,000 units since its inception in 2020. EMotorad also revealed that it is looking to generate a cumulative revenue of Rs 165 crore this fiscal. Homegrown electric vehicle (EV) start-up EMotorad, on Friday, announced that it had raised Rs 24 […]