IEX Dividend At Rs 1 per Share; Net Profit At Rs 88 Cr Updated On Fri, May 26th, 2023 by Saurenergy Trading platform for physical delivery of electricity, renewable power, renewable energy certificates, and energy saving certificates, Indian Energy Exchange (IEX) has announced its financial results for the fourth quarter (Q4) and the year ended March 31, 2023 (FY23). During Q4 FY’23, IEX achieved an overall volume of 26 Billion Units (BUs), registering a 7.9% QoQ growth. In […] Read more
JSW Energy Reports 32% Surge In Renewable Generation in Q4 Updated On Wed, May 24th, 2023 by Saurenergy JSW Energy Limited yesterday announced its Q4 Financial Results. The Indian private power producer said that its net renewable generation increased 32 percent on Year-on-Year (YoY) basis. In addition, it said that the commissioning of 225 Megawatts (MW) of the Vijayanagar solar power plant helped increase its clean energy generation. The firm said earnings before […] Read more
Waaree Renewables Doubles Q4 Net Profit; FY23 Net Profit Fivefold Updated On Tue, May 23rd, 2023 by Saurenergy Waaree Renewables Technology Ltd (WRTL) has announced its financial results for the last quarter and full year FY-2023. The company declared a consolidated net profit of Rs 12.3 crore in the March 2023 quarter marking an 81% increase year-on-year. Waaree also reported a revenue of Rs 351 crore in the full financial year 2023, which […] Read more
Bangladesh Opens Up Small, But Profitable Opportunity Next Door For Indian Developers Updated On Fri, May 19th, 2023 by Saurenergy Of late, Bangladesh, powered mostly by thermal power and blessed with an unfavourable location for hydropower, has made a serious effort to ramp up its renewable capacity. The country, which has a deficit of power supply that forces it to import from India, hopes that by 2041, 40 per cent of its total power requirements […] Read more
UP Has The Highest Potential For Livelihoods With DRE: CEEW Study Updated On Fri, May 19th, 2023 by Saurenergy A latest report by the Council of Energy, Environment and Water (CEEW) claimed that Uttar Pradesh has the greatest impact opportunity in livelihood by deploying Distributed Renewable Energy (DRE) solutions. The report was recently released by the Minister of New and Renewable Energy RK Singh in a national event in New Delhi recently. Following Uttar […] Read more
Northland Power Secures Financial Close for 250 MW Oneida Energy Storage Project Updated On Fri, May 19th, 2023 by Saurenergy It looks like the energy storage infrastructure is burgeoning in Canada with many announcements being made this week. In the fresh case, Toronto-headquartered Northland Power has announced that its 250 MW Oneida Energy Storage Project in Southern Ontario has reached financial close. It has secured all the necessary financing. The total cost for the project […] Read more
Govt Report Bats For Boosting Renewables In Day-Ahead Electricity Market Updated On Wed, May 17th, 2023 by Saurenergy A report by an expert group constituted by the Ministry of Power to review the Indian electricity markets batted for including variable renewable power in the day-ahead markets. The report said this could be done with some revenue protection for the developers. The inclusion of RE was one of the reforms the Group advocated in […] Read more
Apex Clean Energy, Powin To Develop 400MWh of Energy Storage Projects Updated On Tue, May 9th, 2023 by Saurenergy Utility scale renewable energy developer Apex Clean Energy and integrated battery solutions provider Powin have announced two new battery storage projects in Texas. Apex developed and will construct, own, and operate the projects; Powin is providing its Centipede Platform and StackOS battery management system. Angelo Storage, co-located with the 195 MW Angelo Solar Project, and […] Read more
Servotech Q4 Results Charged Up On Strong EV Show Updated On Mon, May 8th, 2023 by Saurenergy Servotech Power Systems Ltd., a manufacturer of solar, electric vehicle (EV) chargers, power-backup and other smart power solutions, presented its quarterly financial results for the quarter ended March 31, 2023 at its Board of Directors meeting on May 7, 2023. The firm with a strong foothold in the EV charging space and in the government […] Read more
