L&T Carves Out Renewable Energy Vertical In Its Infrastructure Segment Updated On Mon, Sep 2nd, 2024 by Saurenergy Effective from 1st September 2024, Larsen & Toubro (L&T) carved out a separate business vertical for renewable EPC out of its Power Transmission and Distribution (PT&D) business, within its Infrastructure Projects segment. L&T has created the Renewable EPC business, as an addition to its construction verticals. The move comes at a time when the division […] Read more
Jinko Solar Q2 Results-Revenues Down 21.6%, Profits Slump 44% Updated On Mon, Sep 2nd, 2024 by Saurenergy JinkoSolar Holding Co., Ltd., one of the largest solar module manufacturers in the world, has announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Business Highlights Module shipments grew by 34.1% year-over-year to 23.8 GW in the second quarter, ranking first in the industry. At the end of […] Read more
At EESA Shanghai, SOFAR Showcases Storage Solutions Updated On Mon, Sep 2nd, 2024 by Saurenergy In a sign of the times, the 3rd EESA Energy Storage Expo kicked off at the Shanghai National Exhibition and Convention Center(SNEC) on September 2 to a massive reception. As a professional exhibition for the world leading energy storage industry from China, the event attracted numerous leading companies from the energy storage supply chain. Firms […] Read more
Ministry Of Finance Grants Navratna Status To SECI, NHPC And SJVN Updated On Mon, Sep 2nd, 2024 by Saurenergy In a significant indicator of their growing stature and performance, the Ministry of Finance recently conferred ‘Navratna’ status to three Central Public Sector Enterprises (CPSE) namely, Solar Energy Corporation of India (SECI), National Hydroelectric Power Corporation (NHPC), and SJVN to develop and expand Renewable Energy (RE) capacity in India under the Ministry of New and […] Read more
MingYang Defies Skeptics With Successful Installtion of 20 MW Offshore Turbine Updated On Mon, Sep 2nd, 2024 by Saurenergy Proof if ever was needed, on the next frontier for Chinese renewable equipment majors, is here. Offshore wind turbines, probably the last big segment that Chinese firms turned their attention to, has a new record holder for turbine size at 20 GW, in the form of Chinese renewable energy equipment manufacturer Mingyang Smart Energy. Mingyang […] Read more
Solar Generation In India Improved In FY24: Fitch Ratings Updated On Mon, Sep 2nd, 2024 by Saurenergy In the financial year ending March 2024 (FY24), India saw improved power generation performance. However, overall power generation was slightly below the one-year P90 forecasts, Fitch Ratings reports. Fitch Ratings, a credit rating organization headquartered in both New York and London, observed an increase in generation at the portfolio level. The company reported a 4% […] Read more
Inox Wind’s EPC Arm Resco Global To Raise 350cr Equity Updated On Mon, Sep 2nd, 2024 by Saurenergy Indian wind energy company Inox Wind Limited (IWL) today announced that the board of its subsidiary, Resco Global Wind Services Pvt. Ltd. (Resco Global), an EPC Projects company, has approved Rs 350 crore equity raise from marquee investors for a single digit stake. The funds will be utilized to scale up the business offerings and […] Read more
Adani, Sterlite Power Complete Acquisition of Transmission Networks For 7 GW Evacuation from Khavda Updated On Mon, Sep 2nd, 2024 by Saurenergy Adani Energy Solutions Ltd (AESL), the transmission and distribution company of the Adani group, has completed the acquisition of the Special Purpose Vehicle (SPV) of the Khavda Phase IV Part-A transmission project, after receiving a letter of intent (LOI) from REC Power Development and Consultancy Ltd. Khavda IVA Power Transmission Ltd, a special purpose vehicle […] Read more
Renewables Contribute Only 4% To NTPC’s Turnover in FY24 Updated On Mon, Sep 2nd, 2024 by Saurenergy According to the latest numbers from India’s power giant NTPC, renewable energy assets contribute a mere 1.23% to the company’s turnover. When hydro projects are included, this figure increases to just 4%. NTPC Limited’s Business Responsibility and Sustainability Report indicates that power generation accounts for 94.19% of the company’s total turnover. The report reveals that […] Read more
