Skilancer Solar Gets Venture Funding from Alfa Ventures Updated On Wed, May 29th, 2019 by Saurenergy The buzz in the solar sector has attracted yet another VC, with Alfa ventures investing in Skilancer Ventures, a startup focused on the sector The Noida-based Skilancer Solar did not discolose the funding amount it received from Alfa Ventures, a venture of entrepreneur and investor Dhianu Das . Skilancer was started in 2017 by IIT […] Read more
India’s Solar Powered IPO’s. Why Success Will Matter Updated On Thu, May 9th, 2019 by Saurenergy Recent weeks have brought news of two IPO’s from firms in the sector. First is of course Sterling and Wilson’s plans for a billion dollar IPO, with almost $650 million being the shares offered by key promoters Shapoorji Pallonji and Co and Chairman Khurshed Yazdi Daruvala for sale. The firm, which clocked a topline of […] Read more
Bridgestone India Begins Solar Power Generation on Both Plants Updated On Mon, May 6th, 2019 by Saurenergy Bridgestone India’s two plants in India have opted for using solar power. The tire manufacturers Pune Plant in Chakan, in the state of Maharashtra in Western India, has currently installed 1 MW of Solar capacity and is in the process of setting up of another 4 MW of capacity which will commence operations by September […] Read more
Axpo Acquires Urbasolar With Plans to Become European Leader in PV Segment Updated On Thu, May 2nd, 2019 by Saurenergy Swiss energy utility Axpo and independent French solar PV specialist Urbasolar have announced the signing of an acquisition contract of 100% of the latter’s securities by Axpo. This agreement aims to consolidate and stimulate the growth of the French PV specialist, which now becomes the photovoltaic operator within the group with the ambition to become […] Read more
Hero Future Energies and IFC to Invest $243.3 Mn in Rajasthan Solar Project Updated On Fri, Apr 26th, 2019 by Saurenergy The project will be supported by the World Bank’s International Finance Corporation (IFC), which will invest around $43.3 million (Rs 300 crore). Hero Future Energies Global (HFE), the clean energy arm of the Hero Group has revealed its plans to invest close to $200 million (Rs 1404 crore) for its latest solar project in Rajasthan. The company […] Read more
Solar Pumps Sales Projected to Prosper at 11.7% CAGR Until 2027 Updated On Tue, Apr 16th, 2019 by Saurenergy The global sales of solar pumps have been projected to prosper at 11.7 percent CAGR between 2017 and 2027, as India prepares to take centre stage with robust applications in irrigation. A new research report has estimated that the global solar pumps market will reach up from a value of $822 million in 2017 to a value […] Read more
Petronas makes India Play with Amplus Energy Acquisition Updated On Tue, Apr 16th, 2019 by Saurenergy By Acquiring Amplus Energy for Rs 2700 crores, Malaysia’s Petronas just made a big India play in renewables. The Move by Malaysia’s Petronas, itself a $60 billion-plus behemoth with a $13.2 billion bottom line in 2018, is a huge vote of confidence in India’s renewable sector. At Rs 2700 crores, the valuation also seems to […] Read more
Petronas Forays into Renewable Energy with Acquisition of Amplus Energy Updated On Mon, Apr 15th, 2019 by Saurenergy Malaysia’s Petronas has acquired Amplus Energy Solutions, marking the Oil and Gas majors international foray into renewable energy. Petroliam Nasional Berhad (Petronas), Malaysia’s fully integrated oil and gas major, has entered into an agreement with I Squared Capital, a leading global infrastructure investor, to acquire 100% interest in Amplus (M+) Energy Solutions Pte Ltd, a […] Read more
Mumbai Metro Installs Solar Rooftop System over D N Nagar Depot Updated On Tue, Dec 18th, 2018 by Saurenergy A total of 2000 solar rooftop panels have been installed atop the depot which will generate 0.9 million units of the power every year bringing in an annual saving of Rs 50 lakh. Mumbai Metro One Private Limited (MMOPL) which is promoted by Reliance Infrastructure has installed solar panels on the roof of one of […] Read more
