IREDA Witnesses 67% Profit In Q3, Earnings Per Share Up by 57% Updated On Mon, Jan 22nd, 2024 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA) recently announced its audited financial results for the third quarter of the fiscal year 2023-24. The company reported a 67% increase in profit, reaching a Profit After Tax (PAT) of ₹ 335.54 crores for the quarter. This performance is attributed to the consistent growth in the loan book […] Read more
Credence Solar Gets BIS Certification For Its 685W Mono-PERC Modules Updated On Thu, Jan 18th, 2024 by Saurenergy Gujarat-based solar module manufacturer Credence Solar Panels has now received a new certification for its mono-PERC solar modules. As per the latest update from the office of the Bureau of Indian Standards (BIS), the Indian authority granted a BIS certification to the firm for its solar modules upto 685 watts. The BIS certification was issued […] Read more
Growatt Powers Commercial Solar Installation in Gujarat Updated On Mon, Jan 15th, 2024 by Saurenergy Solar inverter company Growatt unveiled a 735 kW solar project in India. This project forms a part in the renewable energy blueprint of Supreme Industries, India’s largest plastic production and processing company. Commissioned in collaboration with the installer Kalpa Power and powered by Growatt’s MAX and MAC series inverters, this project ensures peak performance, safety, […] Read more
Avaada To Develop 6 GW Hybrid Wind-Solar Projects In Gujarat Updated On Mon, Jan 15th, 2024 by Saurenergy Avaada Group recently signed a Memorandum of Understanding (MoU) with the Gujarat government. Per the agreement, the cleantech company aims to set up hybrid wind-solar projects with an aggregate 6000 MW (6 GW) capacity in the coastal state. It has also planned an investment of about Rs 40,000 crore. The agreement between Avaada and the […] Read more
EVIFY Raises $1.3 Million From Piper Serica Angel Fund Updated On Thu, Jan 11th, 2024 by Saurenergy EVIFY, a Surat-based Electric Vehicle (EV) logistics startup, has announced that it raised $1.3 million in funding in a ‘Pre-Series A’ round led by venture capital firms GVFL and Piper Serica Angel Fund. Existing investors, ‘We Founder Circle’ and ‘IVY Growth’, along with a few angel investors, also participated in the round. The startup, EVIFY […] Read more
Emmvee Inks Pact With KPI Green To Supply 300MWp Solar Modules Updated On Fri, Jan 5th, 2024 by Saurenergy Solar module manufacturer Emmvee Photovoltaic Power today announced a landmark supply agreement to deliver 300MWp of Bifacial Mono-PERC Solar panels to KPI Green Energy Ltd. This order, destined for a 240-megawatt solar plant in Gujarat, underscores Emmvee’s robust position in the solar energy sector, it said. Currently, Emmvee boasts a module manufacturing capacity of 3 […] Read more
Gujarat Wind Developers Blame OEMs, Others For Higher Wind Tariff Updated On Fri, Dec 29th, 2023 by Saurenergy Wind developers in Gujarat now have justified higher wind project tariffs, attributing this to the monopolistic attitude of Original Equipment Manufacturers (OEMs) and other price hikes in the market. The information was recently featured during the hearing of a case in the Gujarat Electricity Regulatory Commission (GERC). The case was related to the adoption of […] Read more
Gujarat Hosts 30% of India’s Total Rooftop Solar Capacity: Data Updated On Tue, Dec 26th, 2023 by Saurenergy Latest data on rooftop solar, shared by Union Minister for New and Renewable Energy RK Singh claimed that 30 percent of India’s total rooftop solar capacity comes from Gujarat alone. With a total capacity of 3.17 GW of rooftop solar, the state proved to be the frontrunner in India’s rooftop solar business. The data was […] Read more
Inox Wind Bags Repeat Order For 279 MW For Its 3 MW Wind Turbines Updated On Tue, Dec 26th, 2023 by Saurenergy Indian wind energy solutions company Inox Wind has bagged an order for 279 MW from a large Commercial and Industrial (C&I) player. The order is for Inox’s latest 3 MW Wind Turbine Generators (WTGs), and the scope comprises a mix of equipment supply with limited scope EPC for 180 MW and end-to-end turnkey execution for […] Read more
