SolarEdge's Q1 2024 Net Loss Narrows

16 May 2024 CW Team

In Q1 2024, SolarEdge showcased a significant narrowing of its net loss, which stood at $108.6 million, marking a positive trend compared to previous periods. This improvement reflects the effectiveness of the company's strategic initiatives aimed at optimising operational efficiency and enhancing cost management. SolarEdge's robust performance in the face of market uncertainties underscores its position as a formidable player in the renewable energy sector.

Key highlights of SolarEdge's Q1 2024 financial report include increased revenue streams driven by sustained demand for its innovative solar power solutions. The company's continued investment in research and development has yielded technological advancements, further solidifying its competitive edge in the market. Moreover, SolarEdge's prudent financial management practices have contributed to strengthening its balance sheet and enhancing shareholder value.

Despite facing headwinds such as supply chain disruptions and fluctuating market dynamics, SolarEdge remains committed to driving sustainable growth and delivering value to its stakeholders. The company's resilience and adaptability in navigating challenging environments position it favourably for future expansion and market leadership.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..