ReNew Reports 47% Growth In Total Income In Q4 On YoY-Basis Updated On Wed, Jun 7th, 2023 by Saurenergy Renewable energy company Renew announced its Q4 and FY23 results today, indicating its growth in renewable capacities and total incomes. A release from the cleantech company said by the end of March 31 this year, the company’s portfolio stood at 13.7 Gigawatt (GW). It reported a total of 28.2 percent increase year-on-year (YoY). It claimed […] Read more
Amit Kumar Joins As The New CEO (EV Leasing) Of Gensol Engineering Updated On Thu, Jun 1st, 2023 by Saurenergy Gensol Engineering Limited, the EPC arm of the Gensol Group, recently appointed Amit Kumar as its new Chief Executive Officer (CEO) for its Electric Vehicle (EV) Leasing Business. This arm of the company deals with leasing solutions to accelerate the faster adoption of electric vehicles in India both at the business and individual levels. Kumar […] Read more
Vibrant Energy, Saint-Gobain Sign PPA for Round-the-Clock Renewable Energy Updated On Wed, May 17th, 2023 by Saurenergy Corporate renewable energy solutions provider Vibrant Energy and Saint-Gobain India have entered into a long-term PPA for the delivery of round-the-clock wind-solar hybrid energy to Saint-Gobain facilities in India. Vibrant Energy is a portfolio company of Macquarie Asset Management’s Green Investment Group (MAM-GIG). As a part of the PPA, Vibrant Energy will set up 75 […] Read more
Vibrant Energy Places Order for c.149 MW Wind Energy with Envision Energy Updated On Mon, May 15th, 2023 by Saurenergy Corporate renewable energy solutions provider Vibrant Energy (Vibrant) has placed an order totalling c.149 MW with Envision Energy (Envision). The order consists of 45 wind turbines with a capacity of 3.3 MW each, with delivery expected to commence from Q3FY24 onwards. Envision Energy delves into energy solutions and is headquartered in Shanghai. Srinivasan Viswanathan, CEO, […] Read more
ISTS is poised to be gamechanger for renewable energy adoption by India’s corporate sector: Sashi Kant Mishra, Fourth Partner Energy Updated On Fri, May 5th, 2023 by Saurenergy Tell us about your current ISTS-connected projects. Our portfolio entails Rajasthan with 330 megawatt of AC solar capacity, where we are in the phase two of connectivity. In Karnataka, we have another 300 megawatt of power capacity being set up. The said projects are in phase II of connectivity, with the Rajasthan project at an […] Read more
EV Ride Hailing Service BluSmart Rakes Up $42M to Augment Operations Updated On Fri, May 5th, 2023 by Saurenergy EV ride-hailing firm BluSmart Mobility, which also serves as an EV charging superhub infrastructure operator, has shared that it has pocketed $42 million in its recently held round in April. BluSmart Mobility will employ the funds raised to expand reach into mega cities, and expand fleet to 10,000 over the next year. BluSmart boasts of […] Read more
Sterling & Wilson Renewable Reports Rs 421 Cr Loss in March Qtr Updated On Fri, Apr 21st, 2023 by Saurenergy Renewable engineering, procurement and construction (EPC) solutions provider Sterling and Wilson Renewable Energy has released its financial results for the quarter ended March. The company clearly continues to ‘clean up’ after Reliance joined as a promoter group, with consolidated revenue having dipped 92% Y-O-Y, pegged at Rs 421.11 cr. The firm has exited businesses, contracts […] Read more
India Closes FY23 With 12.8 GW Of Solar Additions Updated On Thu, Apr 13th, 2023 by Saurenergy The March numbers for India’s power sector are finally out, and for solar especially, the slowdown seen since September has ensured that total capacity added during the year is less than Fy22. At 12.8 GW, that has to go as a major disappointment for the sector, considering the lack of the kind of uncontrollable disruptions […] Read more
Noway’s Norfund, KLP Partner with ReNew Power to Invest in India’s Transmission Sector Updated On Tue, Jan 10th, 2023 by Saurenergy Norfund and KLP have announced that they will invest around Rs 900 million in partnership with ReNew Power for 49% ownership stake in ReNew’s transmission project in the Koppal district of Karnataka state in India, with ambitions for further joint investments. ReNew Power is one of the largest renewable energy independent power producers (IPPs) in […] Read more
