EV Financing: Shell Foundation Backs Mufin Green Finance with INR 80 Million Updated On Tue, Aug 1st, 2023 by Saurenergy Mufin Green Finance, an electric vehicle (EV) financing company, secured funding of INR 80,000,000 from the UK-registered charity, Shell Foundation. The collaboration aims to establish a joint de-risking pool valued at $2 million, known as First Loan Default Guarantee (FLDG), to catalyze commercial debt. This strategic move is expected to enable Mufin Green Finance to […] Read more
Adani Green Reports 55% Spike In Revenue From Power Supply In Q1 Fy24 Updated On Mon, Jul 31st, 2023 by Saurenergy Adani Green Energy Limited, the green energy developer arm of the Adani Group, has reported it’s results for the June quarter (Q1) of Fy-23-24. Revenue from Power Supply up by 55% YoY to Rs. 2,059 Cr in Q1 Fy24, versus Rs 1328 crores in Q1 Fy23. Operational Capacity increases by 43% YoY to 8,316 MW […] Read more
Even As EV Sales Boom in Australia, Fuel Efficiency Standards Arrest Further Growth Updated On Mon, Jul 31st, 2023 by Saurenergy Australia is witnessing a demand-side surge for electric vehicles, yet the lack of new fuel efficiency standards is posing challenges for EV penetration. The Electric Vehicle Council’s (EVC) latest State of Electric Vehicles report highlights a significant surge in EV sales, representing 8.4 per cent of all new cars sold in Australia in the first […] Read more
Pimpri-Chinchwad Admin Releases Plan To Increase EV Adoption Updated On Fri, Jul 28th, 2023 by Saurenergy Electric Vehicle cell of the Pimpri-Chinchwad Municipal Corporation (PCMC), released the ‘Pimpri-Chinchwad City Electric Vehicle Readiness Plan’ on Wednesday, which proposes nine actionable solutions to transform the urban mobility landscape and further accelerate the EV transition of Pimpri-Chinchwad’s. This region lies at the periphery of Pune in Maharashtra. The plan created with the technical support […] Read more
Sungrow Completes Five Years Of Operations in India Updated On Thu, Jul 27th, 2023 by Saurenergy Leading global solar inverter brand Sungrow has completed five years of local production in India. The company said that during the last five years, it has grown in capacity and built a stronger business ecosystem in the country. It started its journey in India in 2018. It now dispatches string and central inverters from its […] Read more
West Bengal Issues Tender for 900 MW Pumped Storage Project Updated On Thu, Jul 27th, 2023 by Saurenergy The West Bengal government has floated a tender inviting bids for development and operation of the Bandu Pumped Storage Project- a 900 MW capacity power project. It will be executed through a public-private partnership. The project, located in the Ajodhya Hill Area of Purulia district, is valued at close to INR 4,700 crore with project […] Read more
DIF Capital Partners Commits £200M Investment in Field’s Battery Energy Storage Updated On Tue, Jul 25th, 2023 by Saurenergy DIF Capital Partners, via its DIF Infrastructure VII fund, has announced a £200 million investment into Field, a London-headquartered dedicated developer and operator of battery energy storage systems. The investment’s primary objective is to support Field in expediting the development and expansion of its 4.5 GWh pipeline of grid-scale battery energy storage projects in the […] Read more
Suzlon’s Net Profit Slides Over 63%, 58% in QoQ & YoY Comparisons Respectively Updated On Tue, Jul 25th, 2023 by Saurenergy Renewable energy solutions provider Suzlon Energy Limited has declared its financial results for the period ended June 30, 2023. Financial Results (Q1 FY2024) – Quarter on Quarter Comparison The total income of the firm stands at INR 1361.68 crores in the period ended June 30, 2023. The total income when compared to that in Q4 […] Read more
Sheru Announces Home Charging & Power Backup Device for Electric 2W OEMs Updated On Tue, Jul 25th, 2023 by Saurenergy Energy solutions firm Sheru has announced the launch of EnergyBox, a battery charging dock designed to charge detachable e-two wheeler batteries. The device is set to provide convenience to electric two-wheeler users in charging batteries safely at home, as well as in providing power backup for homes. With a number of EV players providing the […] Read more
