Suzlon Q4 FY23: Positive Net Worth After a Decade at INR 1,099 cr, 80% YoY Slide in Current Net Debt Updated On Wed, May 31st, 2023 by Saurenergy Renewable energy solutions provider Suzlon has released its fourth quarter (Q4 FY23) and annual audited results for financial year 2022‐23 (FY23). The firm has reported its revenue at INR 5,947 crores for FY23. For Q4 FY23, the number has been pegged at INR 1,690 crores. As for its EBITDA margins, it stands at 14% with […] Read more
Quantum Energy & Log9 launch 2 Wheeler EV Bzinesslite, Promise 80% Charging in 12 Minutes Updated On Wed, May 31st, 2023 by Saurenergy Bengaluru-headquartered, advanced deep-tech and battery tech startup, Log9 Materials, has announced entering into a long-term strategic partnership, initiated through a Memorandum of Understanding (MoU), with Hyderabad-headquartered EV OEM firm Quantum Energy Limited. As a part of this collaboration, the two companies have jointly unveiled a new vehicle model, which they claim is India’s fastest-charging two-wheeler […] Read more
Acen Set To Build Largest Battery Storage Project In Australia Updated On Wed, May 31st, 2023 by Saurenergy Acen, the Phillipines based renewable energy major that is part of the Ayala group, is set to make Australia’s largest storage battery project linked to a solar farm. The project, to come up in the New England region of New South Wales, has secured approvals to take its size to 1.4 GW (1,400MW) and 2.8 […] Read more
Trina Solar Joins Chinese Peers With Major Expansion Plans Updated On Wed, May 31st, 2023 by Saurenergy Trina Solar joins fellow Chinese solar giants Longi and Jinko Solar to announce major new expansion plans. In a recent announcement, Trina Solar said it will invest around CNY8.7 billion (USD1.2 billion) in a new plant and related facilities in China’s Sichuan province. The Changzhou headquartered firm has been a major player in the solar […] Read more
MNRE Clarifies No Plan To Cut Import Duty On Solar Panels Updated On Wed, May 31st, 2023 by Saurenergy Following news reports that the government plans to cut import duty on solar panels, the Ministry of New and Renewable Energy (MNRE) has seen it fit to clarify that no such plans are in the offing. The news reports, carried by news agency Reuters as well as many Indian news outlets, had claimed that the […] Read more
Natixis CIB Closes $364m Financing For Chilean Solar Projects Updated On Wed, May 31st, 2023 by Saurenergy Natixis Corporate & Investment Banking (Natixis CIB) has closed a $364 million financing for a portfolio of a solar PV utility-scale and PMGD plants in Chile. These solar projects are owned and operated by Solek Holding and the portfolio has a combined capacity of about 284-MWdc. Natixis CIB acted as sole debt structuring advisor for […] Read more
TrinaTracker Bags 510 MW Solar Tracker Order for Uzbekistan Solar Projects Updated On Wed, May 31st, 2023 by Saurenergy Smart solar tracker solution provider, TrinaTracker has announced that it has signed an agreement with Dongfang Electric International Corporation (DEC International) to provide 510 MW solar trackers for solar power projects in Uzbekistan. TrinaTracker is owned by Trina Solar. The contract signing ceremony was held during the SNEC PV Power Expo in Shanghai. According to […] Read more
RPC, Greenfield Collaborate To Deliver 500 MW Of UK Battery Storage Updated On Wed, May 31st, 2023 by Saurenergy London based clean energy majors Renewable Power Capital (RPC) and Greenfield have collaborated to develop at least 500 MW of battery storage in the United Kingdom to enhance energy transition of the island country. RPC and Greenfield also announced the acquisition of two projects by RPC from Greenfield having a total capacity of 83 MW. […] Read more
Kerala To Transform Thiruvananthapuram Into Largest Solar City Updated On Tue, May 30th, 2023 by Saurenergy As solar power generation is gaining pace in the country in a quest to achieve the 2030 renewable energy targets, the Kerala state government has launched a project that is expected to transform the state capital Thiruvananthapuram into a complete and largest solar city in India. The plan is to install rooftop solar in every […] Read more
