Home » Daily Newsletter » Waaree Energies Raises INR 1000 Crore in Second Round of Funding Led by ValueQuest
Waaree Energies Limited (WEL), India's largest solar module maker right now, has successfully raised a round of equity funding, amounting to approximately INR 1000 crore. The investment round was led by ValueQuest, an investment focused on sustainable and progressive ventures. Waaree Energies Ltd. had earlier...
National Power Utility NTPC Limited has been in the news for all the right reasons recently. A soaring stock price has been driven by rising power demand, which has meant higher utilisation of NTPC's coal power fleet, even as NTPC itself has extracted almost 65%...
Jharkhand Seeks Empanelment of Solar Hot Water System Providers The Jharkhand Renewable Energy Development Agency (JREDA) has sought bids from prospective developers for solar hot water systems. The tender said that the bidders would also have to take care of the maintenance of the systems for the...
The Rajasthan Electricity Regulatory Commission (RERC), in its latest order, directed the state discoms to recover fuel surcharges in addition to the recovery of electricity charges from power consumers indulged in unauthorized connections. The order came to the fore after three discoms in Rajasthan--Jaipur Vidyut...
Israel based robotic cleaning solutions firm Airtouch Solar continues to make inroads into the Indian market. In it's latest deal announcement, the firm has announced the closure of its fifth and largest agreement with ReNew worth $8.5 million for supply of Airtouch's advanced robot model...
A new report from CARE Ratings predicts sunny times for solar power through Group captive mode in India's C&I segment. Commercial & Industrial (C&I) consumers in India have the option to purchase power either through a third-party power plant or through a captive/group captive power plant...
China's Tongwei Group, a powerhouse in the solar manufacturing space made its debut on the Fortune 500 list of 2023 with a revenue of CNY 2148.82 billion and ranked 476th, becoming the first photovoltaic company in the world to enter the Fortune Global 500. At the...
Mexico, situated in one of the sunniest parts of the world with a strong manufacturing base and growing energy demand should have been among the leaders in the transition to renewable energy. However, the country has underperformed massively, perhaps even flowing under the radar of...
India's multinational automotive manufacturing company Tata Motors now has more than 600 operational electric buses plying in the country. The company recently shared the information in its latest investors conference call during the discussion on the Q1 FY24 financial results. According to the automobile firm,...
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