Sterling & Wilson Renewable Energy Raises INR 1,500 Cr via QIP Route Updated On Fri, Dec 15th, 2023 by Saurenergy Sterling & Wilson Renewable Energy Limited (SWRE) has announced the completion of a fundraise of INR 1,500 crore through Qualified Institutions Placement (QIP) route. The Securities Issuance Committee of Board of Directors, at its meeting held on December 14, 2023, approved the issue and allotment of 4,32,27,665 equity shares of face value Re. 1 each […] Read more
Bangalore EV Startup Exponent Energy Rakes Up $26.4 Mn in Series B Round Updated On Fri, Dec 15th, 2023 by Saurenergy A Bangalore-based startup that delves in rapid charging of electric vehicles, Exponent Energy, has pocketed $26.4 million in a Series B round that was led by Eight Roads Ventures. It also entailed a strategic investment from TDK Ventures. Other participants in the Series B round included existing investors such as Lightspeed, YourNest VC, 3one4 Capital, […] Read more
BluPine Energy Achieves Financial Closure for 120 MW Solar Project in Gujarat Updated On Thu, Dec 14th, 2023 by Saurenergy Renewable Energy Company BluPine Energy, established in India by global infrastructure investor Actis, announced financial closure for its 120 MW solar project situated in Gujarat, secured under the GUVNL 16 tender. The electricity generated from this plant will be supplied to Gujarat Urja Vikas Nigam Limited (GUVNL) under a Power Purchase Agreement (PPA) for 25 […] Read more
Zetwerk Secures 375 MW Solar Module Deal with NTPC Updated On Thu, Dec 14th, 2023 by Saurenergy Zetwerk, a managed marketplace for contract manufacturing, has secured a deal with National Thermal Power Corporation (NTPC) for supplying 375 MWp of solar PV modules. This project is led by NTPC – Renewable Energy Limited (REL). Zetwerk, claims to be one of the largest suppliers for energy projects in segments such as solar, wind, and oil […] Read more
UP Identifies 195 Acres Of Land To Setup Solar Plants Under PM-KUSUM Updated On Thu, Dec 14th, 2023 by Saurenergy In its latest notification, the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) listed a total identified land of up to 195 acres under the PM-KUSUM scheme. The department said that this land parcel, owned by the government’s farmers in some places, could be diverted for setting up grid-connected solar power plants under the […] Read more
Accelerating Renewables Can Prevent Rail Network Congestions: IEEFA Updated On Thu, Dec 14th, 2023 by Saurenergy Indian Railways can better utilise its resources and serve the Indian economy more effectively if policymakers focus on accelerating renewable energy generation rather than expanding coal freight by rail, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) finds. The IEEFA report analyses various forecasts by different agencies of the Indian government and […] Read more
Tata Power Renewable Energy Ltd Inks PDA for 13.2 MW Group Captive Solar Plant Updated On Wed, Dec 13th, 2023 by Saurenergy Renewable energy player Tata Power Renewable Energy Limited (TPREL) has entered into a Power Delivery Agreement (PDA) with Dr. Abhay Firodia Group of Companies – Force Motors Limited and Jaya Hind Industries Private Limited, for supplying green power for 25 years under the Group Captive Solar scheme. Under the agreement, Force Motors Limited, a fully […] Read more
Trina Solar Lands First Industrial Solar Energy Storage Project in Japan Updated On Wed, Dec 13th, 2023 by Saurenergy Trina Solar signed a memorandum of understanding (MoU) with Japan’s Narashinrinsigen Hozenkousya (Nara Forest Resources Protection Company of Japan) to boost the penetration of its energy storage systems in Japan. As per the pact, this collaboration solidified Trina Solar’s entry into the industrial energy storage sector in Japan, with a commitment to supply large-scale Battery […] Read more
Ultratech To Increase Its Green Energy Share To 85% By 2030 Updated On Wed, Dec 13th, 2023 by Saurenergy The $7.9 billion Indian Cement and Ready-Mix Concrete Company–UltraTech Cement Limited today announced its plans to increase the overall share of green energy in its total energy mix to 85 percent by 2030. As an interim target, UltraTech plans to increase its total green energy share threefold from its current 22% to 60% by FY26. […] Read more
