The Shanghai-based solar manufacturer has maintained gross margin in a depressed domestic market by shipping ever more modules around the world and is pressing ahead with dramatic production plans on the eve of a looming solar boom.
Norway headquartered polysilicon producer, REC Silicon posted a loss of US$9.6 million for the second quarter of 2018, amid reduced production and increasing inventory. The company’s Solar Materials segment was responsible for much of these losses, with decreased demand and ongoing trade wars cited as the cause.
As of September 30, 2017, Azure power has 1,381 MW operating & committed, an increase of 35% over September end 2016. Revenue for the second quarter was INR 1,823.8 million ($27.9 million), an increase of 104% over the quarter ended September 30, 2016. The company’s adjusted EBITDA for the quarter was INR 1,499.5 million (US$23.0 million), an increase of approximately 167% over the fiscal second quarter 2017.
Indian solar developers post strong financial results for quarter ending 31st December 2016, with 49% EBITDA increase and 46% increase in revenue compared to the same period in the previous year.