Green Stocks May 29: Waaree, Suzlon Stock Prices Up Updated On Wed, May 29th, 2024 by Saurenergy In the last one day two renewable energy companies made its presence felt in the stock market. Indian solar module manufacturer Waaree Renewable Technology and country’s wind turbine maker Suzlon witnessed the highest surge in their stock prices. While Waaree reported a surge of 5% in their stock prices, Suzlon Energy reported a rise of […] Read more
CIP, GE Vernova Collaborate To Supply Blades For 760 MW Wind Project Updated On Wed, May 29th, 2024 by Saurenergy Denmark-based Copenhagen Infrastructure Partners (CIP) and GE Vernova’s onshore wind division signed an agreement of more than EUR 700 million. This agreement was undertaken to deliver, install, and commission 125 GE Vernova 6.1-158 wind turbines at the Teruel wind project. This wind project was promoted by CIP through contracts with the developer in that province and […] Read more
ADB Commits $2.6 Billion In Sovereign Lending to India Updated On Wed, May 29th, 2024 by Saurenergy The Asian Development Bank (ADB) which supports projects in developing member countries committed $2.6 billion in sovereign lending to India in 2023 for projects related to urban development, supporting industrial corridor development, promoting power sector reforms, support horticulture, and enhance connectivity. ADB also extended $23.53 million in technical assistance and $4.1 million in grants under […] Read more
India’s EV Sector: OEMs Lead 70% of Deals In 2023, Says Report Updated On Wed, May 29th, 2024 by Saurenergy According to a report by Bain and Company and Indian Venture and Alternate Capital Association, EV penetration in private equity and venture capital (PE-VC) is projected to rise from 6% in 2023 to 40% by 2030. The report highlighted that 2023 followed the trend observed in the second half of 2022, with a reduction in […] Read more
Volkswagen Plans To Introduce Entry-Level EVs In Europe By 2027 Updated On Wed, May 29th, 2024 by Saurenergy German-based company, Volkswagen board of management of the Volkswagen Group decided to make all-electric entry-level mobility more widespread. Volkswagen Group brings electric cars for EUR 20,000 and its world premiere is planned for 2027. Oliver Blume, CEO of Volkswagen Group said: “Generations of people associate the strong brands of the Volkswagen Group with their first […] Read more
Clean Power Can Reduce India’s Dependence On Gas For Peak Demand: IEEFA Updated On Wed, May 29th, 2024 by Saurenergy The Institute for Energy Economic and Financial Analysis (IEEFA) in its recent report found that new and cleaner options could soon replace the role of gas-based power in meeting peak electricity demand in India. India’s peak power demand, which, according to government forecasts, is likely to cross 350 gigawatts (GW) by 2030. The IEEFA in […] Read more
Panasonic Energy Reports 15.45% Revenue Growth In FY23-24 Updated On Tue, May 28th, 2024 by Saurenergy Panasonic Energy India Co. Ltd. (PECIN) a part of Panasonic Holdings Corporation today, announced the audited standalone results for the financial year ended on March 31, 2024. Panasonic reported revenue growth of 15.45% over the last financial year and a 198% increase in profit after tax (PAT). These numbers are a result of cost-efficiency initiatives, […] Read more
Indowind Witness Rs 61.50 Lakh Profit In March 2023, Q4 Updated On Tue, May 28th, 2024 by Saurenergy Chennai-based wind energy company Indo Wind recently released its quarterly result report. Indowind Energy has wind farms, manages wind assets, and generates green power for sale to utilities and corporations. In its March quarter, Indo Wind reported a profit of Rs 61.50 lakh. whereas, last year, the company reported a loss of Rs 25 crore. […] Read more
Green Stocks React To Results, News Updated On Tue, May 28th, 2024 by Saurenergy Green energy stocks continue to react strongly to every bit of news. Thus, even as every EPC from Shakti Pumps to KPI to Sterling and Wilson Renewable fell, Waaree Renewable rose as management expressed strong optimism on the coming year. Solar glass maker Borosil Renewables stayed in losses, and the stock was duly marked down […] Read more
