After Solar & Wind, Adani Green Bets Big On PSP Business Updated On Tue, May 7th, 2024 by Saurenergy Adani Green Energy Limited (AGEL) has now planned to go bullish on Pumped Storage Projects (PSPs) in India. The company, while declaring its latest Q4 results talked about adding 5 Gigawatt (GW) of Pumped Storage Projects (PSPs) by 2030. With a fresh thrust on PSPs, the renewable company upgraded its renewable capacity target from 45 […] Read more
Green Stocks Buck Market, 3 Locked On Upper Limit Updated On Fri, May 3rd, 2024 by Saurenergy Our renewable pack continues to handily beat the market, if not defy gravity. On a day when the market corrected almost 0.8%, three of the 11 stocks in our basket stayed locked into the upper circuit filter. That one of them made losses in its last quarter (SWREL), and the other two are EPCs in […] Read more
Adani Green Reports 6% Dip In Revenues In Q4, 21% Growth In FY24 Updated On Fri, May 3rd, 2024 by Saurenergy Adani Green Energy Limited (AGEL) today published its quarterly (Q4) and annual financial results for FY24. In its filing before the Bombay Stock Exchange (BSE), AGEL cited a reduction of 39% in profit (including share of profits from associates and JVs) in the latest quarter compared to its Q4 of FY23. In its unaudited consolidated […] Read more
Adani Green Secures USD 400 Mn For 750 MW Power Projects Updated On Fri, May 3rd, 2024 by Saurenergy Adani Green Energy Ltd (AGEL) has announced USD 400 million in financing for its under-construction projects. Through this financing, the company extends support to its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international banks. The consortium of lenders is financing Adani’s projects that are expected to come online from […] Read more
Green Stocks Prepare For the Next Run As Results Season Looms Updated On Thu, May 2nd, 2024 by Saurenergy On a day when the market seemed to be in a mood to consolidate, our green energy stock pack moved in a different direction. So while Waaree Renewable Technologies, after a three-day reversal, was back testing the upper circuit, it joined Shakti Pumps, which seemingly has unsatiable demand for its stock right now. KPI Green […] Read more
Avaada Energy Gets Rs 1,190 Crore SBI Loan For Gujarat Solar Project Updated On Thu, May 2nd, 2024 by Saurenergy Mumbai-based green energy company Avaada Energy has announced that it secured a Rs 1,190 crore loan for a new solar project in Gujarat from the State Bank of India (SBI). The project is located in Surendra Nagar district of Gujarat. According to a statement by the company, the loan has been sanctioned for a 20-year […] Read more
BII Invest $19 Mn To Expand CHARGE Zone Network In India Updated On Wed, May 1st, 2024 by Saurenergy CHARGE ZONE, secured a $19 million commitment from British International Investment (BII), the UK’s development finance institution (DFI) and impact investor. CHARGE ZONE, is an Indian electric vehicle (EV) charging network provider, and DFI is the UK’s development finance institution. This collaboration forms part of their long-term plan to create a network of one million […] Read more
India’s Aluminium Industry Needs USD 29 Bn CAPEX To Go Net-Zero: CEEW Updated On Wed, May 1st, 2024 by Saurenergy The Indian aluminum industry requires an additional capital expenditure (CAPEX) of nearly Rs 2.2 lakh crore (USD 29 billion) to achieve net zero carbon emissions, according to Council on Energy, Environment and Water (CEEW) study. CEEW in its recent report found that renewable energy (RE) power sources could abate 49 percent of the total emissions […] Read more
Sineng Electric Showcases Several Energy Solutions In Hyderabad Updated On Tue, Apr 30th, 2024 by Saurenergy PV+ESS solution provider Sineng Electric unveiled its multi-scenario commercial and utility-scale offerings at RenewX in partnership with distributor Impulse Green Energy. Sineng’s extensive product portfolio for commercial installations ranges from 25kW to 125kW, with the SN50/60PT and SN100(X)/110/125PT string inverters emerging as highlights at the event. The SN100(X)/110/125PT inverters prioritize safety through built-in arc-fault circuit […] Read more
