Quarter Results

TotalEnergies to buy EV charging network in Singapore

TotalEnergies posts 12-percent rise in first-quarter net profit – EQ Mag

April 28, 2023 Anand Gupta

French energy giant TotalEnergies announced Thursday a 12-percent rise in net profit in the first three months of the year despite gas and oil prices falling. Net profit was $5.6 billion (5.1 billion euros) for the first quarter compared to $4.9 billion during the same period last year, the company said. And it was a […]

CATL Announces Difficulty in Solid State Battery Mass Production in Light of Technical Challenges

Quarter Results

CATL Posted Massive YoY Growth of 558% in Net Profit for 1Q23 and Took in Around RMB 100 Million Every Day for Same Period – EQ Mag

April 28, 2023 Anand Gupta

Suppliers for Li-ion batteries have begun to release their 1Q23 earnings reports starting in the middle of April, and many of the major suppliers have posted impressive results. On April 20, CATL presented its financial results for 1Q23. Its report reveals that its realized revenue rose by 83% YoY to RMB 8.9 billion, and its […]

S.Korea’s LG Energy Solution expects its global market share to overtake rival CATL’s

Quarter Results

LG Energy Solution Q1 profit more than doubles, shares rise – EQ Mag

April 27, 2023 Anand Gupta

SEOUL : South Korea’s LG Energy Solution said on Wednesday quarterly profit more than doubled, as the battery maker benefited from subsidies from the U.S. Inflation Reduction Act and solid U.S. sales of electric vehicles. Its shares jumped as its earnings met forecasts. The company, which supplies Tesla Inc, General Motors Co and others, said […]

Hyundai to invest $7.4 bln in U.S. by 2025, with electric cars in focus

Quarter Results

Hyundai Motors finalises $5 billion battery JV in US, doubles Q1 profit – EQ Mag

April 26, 2023 Anand Gupta

SEOUL : South Korea’s Hyundai Motor Co said on Tuesday it had finalised a $5 billion electric vehicle (EV) battery joint venture in North America, as it reported first-quarter net profit had more than doubled, exceeding expectations. Hyundai and partner SK On, a battery unit of SK Innovation Co Ltd, will set up a new […]

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

Quarter Results

Discoms to submit report on electricity subsidy to Centre every quarter – EQ Mag

April 22, 2023 Anand Gupta

The draft rules suggest penalties to be levied on discoms for faulty subsidy accounting, raising erroneous subsidy bills The Union Ministry of Power has proposed to streamline electricity subsidy and its accounting, and would direct power distribution companies (discoms) to report details of electricity subsidy disbursal and its monitoring. Through an amendment to the Draft […]

Britain looks to widen renewables support scheme

Quarter Results

Orient Green Power loss narrows to nearly Rs 19 cr in March quarter – EQ Mag

April 21, 2023 Anand Gupta

Orient Green Power Company on Thursday posted a consolidated net loss of Rs 18.97 crore in the March quarter on the back of higher expenses. The consolidated net loss of the company was Rs 32.35 crore in the year-ago period, a BSE filing stated. The company’s total income stood at Rs 46.45 crore during the […]

Sterling and Wilson Renewable Energy Jun-qtr net loss widens to Rs 356 cr

Quarter Results

Sterling and Wilson Renewable Energy loss widens to Rs 421 crore in March qtr – EQ Mag

April 21, 2023 Anand Gupta

The consolidated net loss of the company was Rs 127 crore in the quarter ended on March 31, 2022, according to a regulatory filing. Sterling and Wilson Renewable Energy on Thursday reported a widening of its consolidated net loss to Rs 421 crore in the March quarter, mainly due to lower revenues. The consolidated net […]

Chinas-JA-Solar-to-supply-PV-modules-for-Qatar-875MW-PV-power-plant-project

Quarter Results

Brazil’s Q1/2023 Power Production Doubles Annually, Comprising 920 MW Solar PV, Says Aneel – EQ Mag

April 8, 2023 Anand Gupta

Brazil installed 2.74 GW new power generation capacity in Q1/2023, according to Aneel It comprises 1.48 GW wind and 920.2 MW solar energy, followed by other sources 28 projects with 708.4 MW capacity came online within March 2023 including 340.3 MW PV capacity A total of 23 new solar PV projects with 920.2 MW combined […]

Quarter Results

Tata Power Renewable Energy reports standalone net loss of Rs 29.02 crore in the December 2022 quarter

February 24, 2023 Anand Gupta

Net Loss of Tata Power Renewable Energy reported to Rs 29.02 crore in the quarter ended December 2022 as against net loss of Rs 13.31 crore during the previous quarter ended December 2021. Sales rose 27.94% to Rs 333.14 crore in the quarter ended December 2022 as against Rs 260.39 crore during the previous quarter […]

KKR Backed Virescent Renewable Energy Trust inducts Mr. Akshay Jaitly as an Independent Director

Quarter Results

Virescent Renewable Energy Trust reports consolidated net profit of Rs 21.08 crore in the December 2022 quarter – EQ Mag

February 13, 2023 Anand Gupta

Sales rise 58.58% to Rs 130.26 crore Net profit of Virescent Renewable Energy Trust reported to Rs 21.08 crore in the quarter ended December 2022 as against net loss of Rs 12.72 crore during the previous quarter ended December 2021. Sales rose 58.58% to Rs 130.26 crore in the quarter ended December 2022 as against […]