Solar Startup Ellipsol Raises Rs 2.5 cr Seed Funding Updated On Tue, Sep 5th, 2023 by Saurenergy Ellipsol, a next-generation solar company developing path-breaking solar energy solutions, has raised rupees 2.5 crore in a seed funding round led by Capital A. The funding round also saw the participation of the Grand Anicut Fund. Other individuals also contributed to the funding round. Ellipsol’s site, that is yet to open formally, promises 2X the […] Read more
$12 Mn Investment Closed by Reliance & Others in California’s Perovskite Solar Firm Caelux Updated On Wed, Aug 16th, 2023 by Saurenergy California-based firm, Caelux, which employs perovskite technology for solar energy, has pocketed $12M in Series A3 funding. The said round raised the cumulative amount to $23 million. The round augmented the cumulative amount to $23M. The investment round was led by Temasek and also saw participation from Reliance New Energy Limited, Khosla Ventures, Mitsui Fudosan, […] Read more
No Proposal To Impose Carbon Tax This Year: Govt Updated On Mon, Aug 7th, 2023 by Saurenergy The Union government claims that it has no plans to impose a Carbon Tax during the current financial year. It also added that it would continue to provide hand-holding support to electric vehicle consumers with government incentives. The response came to the fore when Minister of State for Finance Pankaj Chaudhary told the House about […] Read more
Indian Renewable Firm CleanMax Raises $360M From Brookfield Updated On Thu, Jun 1st, 2023 by Saurenergy Indian renewable energy company CleanMax today announced raising an equity fund from Brookfield Renewable through the Brookfield Global Transition Fund (BGTF). The BGTF focuses on investments accelerating the global transition to a net-zero carbon economy while delivering strong risk-adjusted returns to investors. This funding of USD 360 million is a mix of primary and secondary. […] Read more
NTPC Reports Highest Ever Annual Generation, 32% Surge In Income In FY23 Updated On Fri, May 19th, 2023 by Saurenergy The National Thermal Power Corporation of India (NTPC) today announced its Q4 and FY23 Financial Results. The leading power generator of the country claimed that during FY23, it reported the highest-ever annual generation of 399 Billion Units (BU) compared to 361 BU in FY22, registering a growth of around 11 percent. The audited results of […] Read more
UP Has The Highest Potential For Livelihoods With DRE: CEEW Study Updated On Fri, May 19th, 2023 by Saurenergy A latest report by the Council of Energy, Environment and Water (CEEW) claimed that Uttar Pradesh has the greatest impact opportunity in livelihood by deploying Distributed Renewable Energy (DRE) solutions. The report was recently released by the Minister of New and Renewable Energy RK Singh in a national event in New Delhi recently. Following Uttar […] Read more
Tata Power Q4 Results- Strong Growth In Key Operational Metrics For FY23 Updated On Thu, May 4th, 2023 by Saurenergy Tata Power has announced its annual and Q4 financial performance report for Fy23. In a media statement, the power company said that in the Financial Year (FY) 23, the company reported growth in its revenue, Profit After Tax (PAT), and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). Tata Power said that its PAT rose […] Read more
IFC To Back 44 MW Solar Plus Storage Malawi Project By Voltalia Updated On Thu, Apr 20th, 2023 by Saurenergy The International Finance Corporation (IFC), the private sector body of the World Bank and Voltalia, a renewable energy company have signed an agreement to arrange financing for the Dwanga Renewable Energy project at Malawi, an east African country. This project has two components which comprise 44 Megawatt (MW) of solar and power and 10 MW […] Read more
Adani Green Reports 49% Increase In Renewable Energy Capacity In FY23 Updated On Fri, Apr 14th, 2023 by Saurenergy Adani Green Energy Limited (AGEL), the renewable energy arm of the Adani Group, on Friday, reported a 49 percent addition to its total renewable energy capacity in the fiscal year 2023. As a result, the total capacity of AGEL-owned renewable energy touched 8,086 Megawatt (MW) with the recorded rise. In its latest provisional annual consolidated […] Read more
