Yuma Energy Completes 10 Million Battery Swaps Within A Year Updated On Wed, Feb 7th, 2024 by Saurenergy Bengaluru-based Yuma Energy has developed over 125 battery swapping stations across 5 major metros and averaged 800,000 swaps every month. Battery-as-a-service (BaaS) company, Yuma Energy, a joint venture between Magna and Yulu, has announced, the completion of 10 million lifetime battery swaps in its first year of operations. The company began operations in February 2023 […] Read more
GoodWe’s India Story Shines With 3GW Milestone, UT350kW Launch Updated On Wed, Feb 7th, 2024 by Saurenergy Global inverter major GoodWe, which has over 52GW of installations worldwide, celebrated its India success story in style recently in Bengaluru. At an exclusive event titled “Unveiling a New Era in Solar Excellence” on February 2, 2024, at The Leela Palace in Bengaluru the firm formally showcased its latest UT350kW product for the Indian solar […] Read more
Rooftop Solar: Will PSUs Deliver For PM Suryodaya Yojana? Updated On Wed, Feb 7th, 2024 by Saurenergy The MNRE’s January 25 Office Memorandum, where it allocated states to specific PSUs for pushing the ambitious new Rooftop Solar targets, throws up some very interesting questions. With a target of 10 million households, and upto 3 KW of solar for each, the Pradhan Mantri Suryodaya Yojana is potentially a game changer, offering an opportunity […] Read more
EV Ride-hailing Snap-E Cabs raises USD 2.5 million in Pre-Series A Round Updated On Mon, Feb 5th, 2024 by Saurenergy Kolkata based Snap-E Cabs, an EV Ride-hailing platform has raised USD 2.5 million in a Pre-Series A Round led by Inflection Point Ventures. Snap-E Cabs plans to allocate funds for talent acquisition to support growth, invest in tech upgrades and the introduction of new tech-enabled services, and expand operations into additional geographies. Snap-E provides an […] Read more
NTPC, NRL Partner To Setup Green Energy Projects In North East Updated On Thu, Feb 1st, 2024 by Saurenergy National Thermal Power Corporation (NTPC) limited has signed a memorandum of understanding (MoU) with Numaligarh Refinery Limited (NRL), a subsidiary of Oil India Ltd. NRL is engaged in the business of Refining and Marketing of petroleum products. The MoU covers partnership opportunities in the proposed bamboo-based bio-refinery at NTPC Bongaigaon and other green energy projects. […] Read more
ResponsAbility Invests USD 25mn In BluSmart EV Network Updated On Tue, Jan 30th, 2024 by Saurenergy As part of its broader USD 500 million climate investment strategy aimed at actively reducing CO2 emissions in Asia, responsAbility will invest up to USD 25 million on behalf of its investors in Indian EV ride-hailing service provider-BluSmart, the firm announced. “This investment will help BluSmart expand its EV charging infrastructure across India and is […] Read more
ALMM To Keep Margins Of Solar Module Makers At 12-14% Next Fiscal: CRISIL Updated On Tue, Jan 30th, 2024 by Saurenergy A latest forecast from CRISIL Ratings said that the implementation of the Approved List of Models and Manufacturers (ALMM) from April 1, 2024, is expected to help keep operating margins of domestic module makers strong at 12-14% in fiscal 2025, in line with the level likely this fiscal. Healthy domestic and export demand will help, […] Read more
COVER STORY: Rooftop Solar Enters Mission Mode In India Updated On Mon, Jan 29th, 2024 by Saurenergy The signs were already there. In the first week of 2024, the Ministry of New and Renewable Energy (MNRE) created ripples in the Indian solar market when it announced a 23 percent increase in subsidies for residential rooftop solar. As per the government notification, the ministry increased subsidies from Rs 14,588/kWh to Rs 18,000/kWh for […] Read more
Top 5 Implications of India’s New Rooftop Solar Scheme Updated On Mon, Jan 29th, 2024 by Saurenergy PM Modi’s announcement of Pradhanmantri Suryodaya Yojana, has energised industry, with hopes high for a massive impetus to rooftop solar from the scheme. From more funding and subsidies, to opportunities and jobs, the scheme holds potential to be a real gamechanger. We list the top 5 ways it will change the solar landscape in India. […] Read more
