Avaada Group Secures Rs 315 Cr Financing For Karnataka Solar Project Updated On Wed, May 29th, 2024 by Saurenergy The renewable energy arm of Avaada Group, Avaada Energy, has announced that it has closed the financing of about Rs 315 crore from Aseem Infrastructure Finance Limited (AIFL), an IFC (Infrastructure Finance Company), said the company statement. The company has secured financing for its solar PV power project being developed under a long-term captive Power […] Read more
Instrumentation and Control -Inside sales engineer Updated On Wed, May 29th, 2024 by Saurenergy Responsible for document mark up for as built document preparation after inspection and Instrument installation activity. Responsible for instrument and control panel inspection activity at vendor place. Must be effective in coordinating with each function. Support Packing & Shipping documents preparation. Must be instrumental in designing and developing tools / tackles / jigs / fixtures […] Read more
China To Spend $830 Mn For Solid-State Battery R&D: Report Updated On Wed, May 29th, 2024 by Saurenergy China is planning to spend $830 million on all-solid-state battery R&D, reveals a report by Chinese Daily. Six companies, including CATL, BYD, China FAW Group, SAIC Motor Corp, Beijing WeLion New Energy Technology, and Geely Auto Group, will likely receive basic R&D support from the government, the report said. Chinese Government departments are heading this […] Read more
India’s EV Sector: OEMs Lead 70% of Deals In 2023, Says Report Updated On Wed, May 29th, 2024 by Saurenergy According to a report by Bain and Company and Indian Venture and Alternate Capital Association, EV penetration in private equity and venture capital (PE-VC) is projected to rise from 6% in 2023 to 40% by 2030. The report highlighted that 2023 followed the trend observed in the second half of 2022, with a reduction in […] Read more
Clean Power Can Reduce India’s Dependence On Gas For Peak Demand: IEEFA Updated On Wed, May 29th, 2024 by Saurenergy The Institute for Energy Economic and Financial Analysis (IEEFA) in its recent report found that new and cleaner options could soon replace the role of gas-based power in meeting peak electricity demand in India. India’s peak power demand, which, according to government forecasts, is likely to cross 350 gigawatts (GW) by 2030. The IEEFA in […] Read more
Suzlon Secures 551.25 MW Order For Its 3 MW Series From Aditya Birla Updated On Wed, May 29th, 2024 by Saurenergy Indian wind energy company Suzlon Group today announced a new order win for the development of 551.25 MW wind power project for the Aditya Birla Group, a Global Indian Conglomerate. Suzlon will install 175 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each at sites […] Read more
Panasonic Energy Reports 15.45% Revenue Growth In FY23-24 Updated On Tue, May 28th, 2024 by Saurenergy Panasonic Energy India Co. Ltd. (PECIN) a part of Panasonic Holdings Corporation today, announced the audited standalone results for the financial year ended on March 31, 2024. Panasonic reported revenue growth of 15.45% over the last financial year and a 198% increase in profit after tax (PAT). These numbers are a result of cost-efficiency initiatives, […] Read more
Indowind Witness Rs 61.50 Lakh Profit In March 2023, Q4 Updated On Tue, May 28th, 2024 by Saurenergy Chennai-based wind energy company Indo Wind recently released its quarterly result report. Indowind Energy has wind farms, manages wind assets, and generates green power for sale to utilities and corporations. In its March quarter, Indo Wind reported a profit of Rs 61.50 lakh. whereas, last year, the company reported a loss of Rs 25 crore. […] Read more
Alpex Solar Net Profit Increases 680% YoY After IPO Updated On Tue, May 28th, 2024 by Saurenergy Alpex Solar Limited has released its yearly financial statements since its successful IPO on February 15, 2024, is this year. Net earnings for the company increased by 680 percent from INR 3.72 crore in FY23 to INR 29.05 crore in FY24. Operational revenues for the company increased to INR 404.43 crore from INR 182.69 crore […] Read more
