ACME Sun Power Secures Rs.3,753 Crore Loan From REC For FDRE Projects Updated On Mon, Nov 18th, 2024 by Saurenergy ACME Solar Holdings’ subsidiary, ACME Sun Power Private Limited, has secured a Rs. 3,753 crore term loan from REC Limited. This financing is extended to support the development and construction of a 320 MW Firm and Dispatchable Renewable Energy (FDRE) project in collaboration with SJVN. The Gurugram-based company’s recent project are planned to be located […] Read more
Q3 2024: Australia Sees $3.3B New RE Projects, Surpasses 2023 Record Updated On Wed, Nov 13th, 2024 by Saurenergy Australia saw strong renewable energy and storage investment in the third quarter (Q3) of 2024. According to the Clean Energy Council’s latest Quarterly Renewables Report. Australia added 1,405 MW of capacity ($3.3 billion) in new large-scale renewable generation projects during Q3 of 2024, exceeding the total in 2023. Currently, over 40 percent of Australia’s electricity […] Read more
Green Stock Oct 30: Green Stocks Witness Minor Recoveries Updated On Wed, Oct 30th, 2024 by Saurenergy Most green stocks have now shown minor recovery from the losses due to a downfall in their share prices. Today, most of the green stocks reported positive growth. The highest growth was reported by Waaree Renewable Technologies which reported a 5 percent growth. Only two stocks–JSW Energy and Suzlon reported negative growth. For the last […] Read more
NVVN’s 500MWh Storage Tender Breaks New Ground With Record Low Tariffs Updated On Wed, Oct 23rd, 2024 by Saurenergy NTPC Vidyut Vyapar Nigam’s (NVVN) first standalone energy storage tender has broken new ground with record low tariffs. While the bids come with viability gap funding, even after accounting for that, the winning bids are lower than the lowest seen so far at Rs 3.41/unit by SECI. The tender with a total capacity 500 MW/ […] Read more
Green Stocks Oct 22: It’s All Red For Green Stocks As Correction Continues Updated On Tue, Oct 22nd, 2024 by Saurenergy On a day when the broader market witnessed weakness right from the opening bell, our green pack did no better, failing to overcome the weakness in demand from investors. EPC players were the worst hit, with both Waaree RTL and SWREL logging approximately a 5% loss, even as Shakti Pumps and KPI Green struggled equally […] Read more
Mercedes-Benz Opens Its Recycling Factory In Germany Updated On Tue, Oct 22nd, 2024 by Saurenergy German carmaker Mercedes-Benz recently opened its first battery recycling plant in Europe with an integrated mechanical-hydrometallurgical process making it one of the first car manufacturer worldwide to close the battery recycling loop with its own in-house facility. The recycling plant in Kuppenheim in southern Germany is set to boost the circular economy of automobile batteries. […] Read more
Engineering Director Vehicle Electrification Updated On Tue, Oct 15th, 2024 by Saurenergy Eaton India Innovation Center (EIIC) is looking for executive leader, who will lead engineering team responsible for vehicle electrification portfolio and drive regional manufacturing / sourcing growth. This position is based at our office in Magarpatta City, Pune. The role has to step up to provide leadership and guidance on several initiatives for Industrialization, also […] Read more
Record-Breaking 1.7 Million EVs Sold Globally In Sept: Report Updated On Tue, Oct 15th, 2024 by Saurenergy A record-breaking 1.7 million EVs were sold globally over the month of September, announced research-house Rho Motion, today. September overtook the previous record set in December 2023 by 150,000. The Chinese market beat their previous record set in August by 90,000 vehicles, to reach 1.1 million units sold in September 2024. Overall, 11.5 million EVs […] Read more
REC Steps Up On Green Financing With 37.3% Growth In Renewable Energy Funding Updated On Mon, Oct 7th, 2024 by Saurenergy REC Limited, a maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth ₹90,955 crore, up 20.10% year-on-year for the half year ended September 30, 2024. The quantum of renewable energy loans grew 92.68% year-on-year to ₹11,297 crore. Notably, the firm raised the largest ever tranche of green binds from […] Read more
