Pharma Major Cipla Acquires 26 Percent Stake in AMPSolar Owned Local SPV Updated On Mon, May 27th, 2019 by Saurenergy The acquisition is expected to be completed by June 12, 2019. Cipla has invested Rs 12.9 crore for the 26 percent stake in the SPV. Indian multinational pharmaceutical and biotechnology company, Cipla, has announced the acquisition of a 26 percent minority stake in AMPSolar Power Systems Pvt. Ltd. (AMPSolar), a wholly owned subsidiary of AMPSolar […] Read more
Rural Electrification Corporation Posts Q4 Profit Rise of 50% Updated On Sat, May 25th, 2019 by Saurenergy The REC’s total income increased to Rs 6,685.90 crore in the March quarter, compared with Rs 5,948.09 crore a year ago. State-owned Rural Electrification Corporation (REC) posted around 50 percent jump in standalone net profit to Rs 1,256.13 crore in the March 2019 quarter, mainly on the back of higher income. The company’s standalone net […] Read more
Enel, Enertag and Leclanche Commission 22 MW Storage System in Germany Updated On Fri, May 24th, 2019 by Saurenergy The system, which involved a total investment of approximately 17 million euros, is supporting the stability of the German electricity network by providing frequency regulation services to the country’s Primary Control Reserve (PCR) market. Enel Green Power Germany (EGP Germany), Germany-based renewable energy company Enertag and Swiss energy storage solutions company Leclanché recently inaugurated the […] Read more
EVs, Batteries Can Drive Solar Rooftop Growth, Says Report Updated On Fri, May 24th, 2019 by Saurenergy In order to boost the growth of renewable energy including solar rooftop, the dropping costs of electric vehicles (EVs) and batteries with equal grid market access can be helpful, says the report released by the Institute for Energy Economics and Financial Analysis (IEEFA). This ‘Electric Vehicles and Batteries Can Drive Growth of Residential Solar’ report […] Read more
Zouk Capital Invest in Italian e-Mobility Firm BE Power Updated On Fri, May 24th, 2019 by Saurenergy UK-based infrastructure and private equity investor, Zouk Capital, recently announced that it had invested in BE Power, a subsidiary of Building Energy (BE), marking the entry of the UK fund into the Italian electric mobility market. Zouk Capital has acquired a majority stake in BE Power through a capital increase. The funding will allow BE […] Read more
EDF & Masdar Consortium Wins 800 MW Hybrid Solar Project in Morocco Updated On Thu, May 23rd, 2019 by Saurenergy EDF, Masdar and Green of Africa Consortium has won 800 MW hybrid solar project in Morocco. The Moroccan Agency for Solar Energy (MASEN) has announced – after a competitive international bidding process – that the consortium of EDF (through its subsidiary EDF Renewables), Abu Dhabi Future Energy Company – Masdar, and Green of Africa, Moroccan […] Read more
TERI, Cadmus Jointly Launches ‘I-SMART’ to Ease Rooftop Solar Installations in India Updated On Thu, May 23rd, 2019 by Saurenergy Moreover, this MNRE and GIZ-backed program will be implemented in four states i.e. – Gujarat, Uttarakhand, Himachal Pradesh, and Jammu & Kashmir along with two Union Territories – Daman and Diu; and Dadra and Nagar Haveli. With an aim to simplify the installation of rooftop solar for both domestic as well as business consumers in […] Read more
Growatt Receives Best Service Network Solar Inverter Company of the Year Updated On Thu, May 23rd, 2019 by Saurenergy Growatt, a leading Chinese inverter manufacturer with a substantial business platform in India has received the Best Service Network Solar Inverter Company of the Year recognition for rooftop solar at the solar conference recently held in Mumbai. Growatt has been increasing its investments in India, hiring more local sales and service engineers since early 2018. […] Read more
NISE Offering Programme on Prospects For Startups in Solar Sector Updated On Thu, May 23rd, 2019 by Saurenergy The programme will be held from June 10, 2019, to June 14, 2019, at the NISE campus and seats will be allotted on a first come first serve basis. The National Institute of Solar Energy (NISE), an autonomous institute under the Ministry of New and Renewable Energy (MNRE), in line with the Startup India Initiative […] Read more
