17 November

Indian engineering and construction provider Sterling and Wilson Solar reported that its third quarter revenue rose by 12% to $179.07m. This compares to $159.9m revenue for the same period in 2019. The company’s net profit for the quarter stood at $2.02m, plunging 81% from the $10.64m it earned in the corresponding period last year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Utility firm Minnesota Power plans to advance its $40m energy strategy to generate energy free of carbon emissions, to accelerate the state’s recovery from Covid-19 induced economic slump. The company urged the state utility commission to approve its plan of constructing 20MW of solar arrays in the region. A company spokesperson said the solar farms would create jobs, power thousands of homes and add $16m to the gross regional product of 2021.

German wind and solar operator Encavis reported that its raw operating earnings (EBITDA) from January to September 2020 stood at $214m, compared with $205.4m for the same period last year. The ongoing pandemic did not affect power generation at its plants, even as the company confirmed its full year projections. Encavis’ revenue increased by 5% to $259m, thanks to the acquisition of wind parks in Denmark last year.

Indian power demand during the first fortnight of November increased by 7.8% to 50,159TWh, compared with the corresponding period in 2019. The rise in consumption is attributed to resumption of economic and commercial activity after easing of Covid-19 lockdowns. This is the third consecutive month where the electricity demand rose on a year-on-year basis.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.