IEX Year End Review: DAM Prices Witness A Decline In FY24 Updated On Thu, May 16th, 2024 by Saurenergy Indian Energy Exchange (IEX) in its audited financial results for the fourth quarter & year ended March 31, 2024, found a total volume in FY24 to reach 110.1 BU which is a 13.7% YoY increase. In the audited standalone IEX financial results for the fourth quarter and financial year ending March 31, 2024, the company reported an increase in its revenue in FY’24 at Rs.550.8 […] Read more
German Battery Firm Theion Receives Validation for Ultra-Fast Charging Updated On Thu, May 16th, 2024 by Saurenergy Berlin-based battery company theion announced innovation in battery technology, with its reported breakthrough anode chemistry. theion has developed a lightweight polymer host with special coatings to replace anode chemistries such as graphite, silicon-rich graphite or lithium metal foils, and successfully reached over 2,000 charging and discharging cycles. This has been validated by a leading independent […] Read more
Chitradurga, Bellary Emerge As New RE Hotspots In Karnataka Updated On Thu, May 16th, 2024 by Saurenergy Karnataka is among the leading renewable-rich states in India. It is also touted as one of the earliest adopters of green energy. As per the latest data from the Ministry of New and Renewable Energy (MNRE), Karnataka ranks third in India when it comes to total solar capacities. Till April 2024, the southern Indian state […] Read more
Bhilai Steel Plant To Setup Solar Plant In Its Township Updated On Thu, May 16th, 2024 by Saurenergy The Steel Authority of India (SAIL) flagship plant, Bhilai Steel Plant (BSP), plans to increase its green energy efforts by putting in solar power systems throughout its township and grounds. To carry out solar power generation projects, BSP and the Chhattisgarh State Renewable Energy Development Agency (CREDA) have inked a memorandum of agreement. With the […] Read more
Adani Energy Acquires Essar’s Mahan-Sipat Transmission Assets Updated On Thu, May 16th, 2024 by Saurenergy Gujarat-based Adani Energy Solutions Ltd (AESL), through its wholly-owned subsidiary Adani Transmission Step-Two Limited (ATSTL), acquired a 100% stake in Essar Transco Limited. The private transmission and distribution company has a growing smart metering portfolio. After obtaining requisite regulatory and other approvals the enterprise is valued at Rs.1,900 crores. The share acquisition is pursuant to […] Read more
News Briefs May 16- ReNew & SG Tie-Up, Nextracker’s Milestone, Carbon PV Updated On Thu, May 16th, 2024 by Saurenergy ReNew and Societe Generale sign MoU for USD 1 Billion to broaden collaboration on energy transition projects NASDAQ listed ReNew, has announced the signing of a Memorandum of Understanding (MoU) with French banking major Societe Generale, to support the financing and development of the Company’s various strategic energy transition projects both in India and globally. […] Read more
Leapmotor Forms JV With European Auto Firm To Foray Into India Updated On Wed, May 15th, 2024 by Saurenergy Chinese auto-maker Leapmotor has announced that it has formed a joint venture with Europe-based vehicle company Stellantis as it plans to step into the Indian market. Leapmotor International BV, a Stellantis-led joint venture, will now be introducing T03 and C10 first in the European markets and expanding to India & Asia Pacific (excluding Greater China), […] Read more
May 15- Green Stocks Continue To Enjoy Investor Confidence Updated On Wed, May 15th, 2024 by Saurenergy On a day when the broader market struggled to make a decisive move, green energy stocks in our basket had no such problems, with 9 out of 11 racing away yet again. While Waaree Renewable Technologies made its by now predictable return to a 5% upper circuit this time, after two days of lower circuits, […] Read more
SJVN, Hero Future Energies Sign PPA For 120 MW AP Solar Project Updated On Wed, May 15th, 2024 by Saurenergy SJVN Limited (SJVN), an Indian Public Sector Undertaking (PSU), recently signed a Power Purchase Agreement (PPA) with Hero Future Energies. The company singed this agreement with SJVN Limited for a 120 MW Firm and Dispatchable Renewable Energy (FDRE) project to be developed in Andhra Pradesh. Under the agreement, the project is expected to be commissioned […] Read more
