IREDA In MoU With Revenue Target of ₹4,350 Cr for 2023-24 Updated On Mon, Aug 21st, 2023 by Saurenergy The Indian Renewable Energy Development Agency (IREDA), a Mini Ratna (Category – I) Government of India enterprise under Ministry of New and Renewable Energy, has signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy, Government of India. The MoU, in alignment with guidelines issued by Department of Public Enterprises, […] Read more
Norway’s NorSun Eyes Expansion to 5 GW for US Solar Factory with US$8.5 Million Funding Updated On Fri, Aug 18th, 2023 by Saurenergy Oslo-based NorSun, which makes solar wafers, has pocketed NOK 90 million (USD 8.7m/EUR 7.9m) in equity financing. The freshly injected capital will aid its capacity expansion plans in Europe and other countries. This also entails the firm’s ambition to establish a 5 GW production facility in the US. The firm has also set sights on […] Read more
US Energy Firm Origis Energy Raises $750 Million For Solar, Storage Plans Updated On Thu, Aug 17th, 2023 by Saurenergy Origis Energy, one of America’s leading renewable energy platforms, announced on Aug 16 that it has closed a $750 million construction warehouse funding facility. The facility will fund large scale solar and energy storage project construction totaling approximately 2 gigawatts (GW) across 15 states over the next three years. The move follows the announcement of […] Read more
Heat Battery Storage Firm Rondo Energy Secures $60 Million Funding Updated On Thu, Aug 17th, 2023 by Saurenergy Rondo Energy, a leading provider of zero-carbon industrial heat and power, has raised $60 million in a new financing planned to speed the rollout of Rondo Heat Batteries (RHBs) worldwide and to transform the global energy storage market. The financing brings together funding from current Rondo investors Breakthrough Energy Ventures, Energy Impact Partners, SCG, and TITAN, industrial […] Read more
IREDA Reports Net NPA Reduction, Profit Jump In Q1 Fy24 Updated On Wed, Aug 16th, 2023 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA), a Mini Ratna (Category – I) Government of India enterprise under the administrative control of Ministry of New and Renewable Energy, has reported an all-time high Quarterly Profit After Tax (PAT) of Rs. 295 crores and Profit Before Tax (PBT) of Rs. 440 crores in the 1st Quarter […] Read more
Masen Initiates Prequalification Tender for Third Phase of Solar Power Project in Atlas Mountains Updated On Fri, Aug 11th, 2023 by Saurenergy Morocco’s renewable energy agency, Masen, has kickstarted a prequalification tender for the third phase of a solar power venture. The project is situated in the Atlas mountains. Developers are required to submit prequalification documents by October 20th, with the objective of financing, constructing, and operating the 400 megawatt (MW) Noor Midelt III project utilizing photovoltaic […] Read more
LOHUM & Vecmocon Partner to Power 100,000 LIB-Enabled EVs Updated On Wed, Aug 9th, 2023 by Saurenergy Producer of sustainable energy transition materials and Vecmocon, an Indian EV intelligence company backed by Tiger Global & Blume Ventures, have partnered to accelerate EV battery adoption and enable easy financing. The partnership aims to accelerate second-life battery use and power 100,000 LIB-enabled EVs over two years with AI-powered Battery Management System (BMS) by determining […] Read more
Electronica Finance Limited Signs US$15 Mn Deal with ResponsAbility Investments AG Updated On Tue, Aug 8th, 2023 by Saurenergy Electronica Finance Limited (EFL), a Pune-based Non-Banking Financial Company (NBFC) specialising in financing MSMEs with a focus on financial inclusion and energy efficient machine financing, has signed a US$15 million deal from Global Climate Partnership Fund (GCPF), managed by responsAbility Investments AG. The finance provided under the deal will be for six years and the […] Read more
RERC Grants Compensation To Solar Firm Over Change Of Law Updated On Tue, Aug 8th, 2023 by Saurenergy The Rajasthan Electricity Regulatory Commission (RERC), in its latest order, directed the Solar Energy Corporation of India (SECI) to pay compensation to Palimarwar Solar House Private Limited, a solar developer over ‘Change of Law’ events. These change of law events were related to the increase in the Customs Duty of imported solar inverters and the levy […] Read more
