Mahindra Susten and Mitsui to Co-Develop Solar Plants in India Updated On Tue, Jun 4th, 2019 by Saurenergy Mahindra Susten and Mitsui have announced plans to co-develop and operate solar power projects in India. Mahindra Susten, the renewable energy arm of the Mahindra group, has announced entering into a partnership with Japan-based Mitsui & Co to jointly develop and operate solar power generation projects in India. A player in the Indian solar energy […] Read more
Power Finance Corp More Than Doubled Q4 Profits Updated On Thu, May 30th, 2019 by Saurenergy Power Finance Corp has reported in its Q4 2019 results that it has more than doubled its profits for the quarter over the same period last year. State-owned Power Finance Corp (PFC) has reported over a twofold rise in its standalone net profits to Rs 2,117.56 crore for the March 2019 quarter, mainly on the […] Read more
Zouk Capital Invest in Italian e-Mobility Firm BE Power Updated On Fri, May 24th, 2019 by Saurenergy UK-based infrastructure and private equity investor, Zouk Capital, recently announced that it had invested in BE Power, a subsidiary of Building Energy (BE), marking the entry of the UK fund into the Italian electric mobility market. Zouk Capital has acquired a majority stake in BE Power through a capital increase. The funding will allow BE […] Read more
Fortum Plans to Foray into more Indian Cities with Higher per Capita Income Updated On Mon, May 20th, 2019 by Saurenergy The plan to venture in India will make India the first country outside Europe in this space, keeping in mind that, India aims to power most of its vehicles with electricity by 2030. We are constantly evaluating the Indian market for charging infrastructure. On our radar are the advanced cities with higher per capita incomes […] Read more
Washington Joins 100% Renewable Energy Clan, More May Follow Updated On Thu, May 9th, 2019 by Saurenergy Washington Gov. Inslee gave a green signal to the law that made the state the fifth member of the 100% clean energy list in the US. On May 7, Washington became the latest state to join the clean energy race, when Gov. Jay Inslee signed a law requiring that 100 percent of the state’s electricity […] Read more
Solar Project Investor PFS Reports 12.7% Growth in 2018-19 Updated On Tue, May 7th, 2019 by Saurenergy Indian power projects investor. PTC Financial Services (PFS) has issued its results for the financial year 2018-19. For PFS the total revenue for the year stood at Rs 1,336.51 crore, which was Rs 151.36 crore more than the company reported in the previous year (FY 2017-18) at Rs 1,185.15 crore. From 2017-18 to 2018-19 the […] Read more
Tata Power’s Renewable Biz Shines Again; EBITDA Up 35% in Q4 Updated On Fri, May 3rd, 2019 by Saurenergy During the quarter, the Mumbai-headquartered company’s profit after tax (PAT) before exceptional items stood at Rs 259 crore, as against Rs 118 crore. Utility giant Tata Power’s renewable energy business again unveiled a significant growth during the fourth quarter of FY19, as it’s consolidated EBITDA surged 35 per cent to Rs 1,879 crore, mainly driven by […] Read more
BHEL, ARAI Sign MoU for E-Mobility Projects in India Updated On Wed, May 1st, 2019 by Saurenergy BHEL and ARAI will combine their respective strengths in the technology development of E-Mobility solutions Bharat Heavy Electricals Limited (BHEL) and Automotive Research Association of India (ARAI), an autonomous body affiliated to the Ministry of Heavy Industries and Public Enterprises have signed an MoU for cooperation on various projects related to e-mobility. In the presence of […] Read more
Interview with Pawan Pandey, Director | Radite Group Updated On Sat, Apr 27th, 2019 by Saurenergy Radite Mulls Entry Into Electric Vehicle Charging Segment We have serious plans for entering the EV charging segment, and have already done a lot of groundwork in this regards. We are very hopeful of establishing our first station in first quarter itself, says Pawan Pandey, Director, Radite Group, one of the fastest growing companies in […] Read more
