IEX Q3 Results- Revenue Up 20.3%, Volumes 16.8% YoY Updated On Mon, Jan 29th, 2024 by Saurenergy India’s premier power exchange, the India Energy Exchange(IEX) has announced its Q3 results for FY24. The firm reported a decent set of numbers, with revenues up 20.3% YoY to Rs 141.2 crores, even as power traded on the exchange rose to 28.3 BU a 16.8% growth YoY. Standalone profit after tax rose to 89.3 crores, […] Read more
EDP Renewables Commissions 297 MW Sharp Hills Wind Farm in Canada’s Alberta Updated On Thu, Jan 25th, 2024 by Saurenergy Renewable energy company EDP Renewables along with its Canada-based arm commissioned the Sharp Hills Wind Farm near the hamlets of Sedalia and New Bridgen in Alberta, Canada. The project aims to elevate Alberta’s status as a renewable energy leader in Canada as well as to diversify the energy resources in the province. The Sharp Hills […] Read more
Revolutionizing EV Charging: Is India Ready to Accelerate Into The Future With V2G? Updated On Thu, Jan 25th, 2024 by Saurenergy Vehicle-to-grid (V2G) technology marks a transformative phase in the intersection of Electric Vehicles (EVs) and power grids. This cutting-edge system allows electric vehicles to draw energy from the grid for charging and feed stored energy in vehicle batteries back into the grid when needed. V2G, often associated with bidirectional charging, establishes a dynamic relationship where […] Read more
Iberdrola To Build Six BESS Projects Of 150-MW In Spain Updated On Thu, Jan 25th, 2024 by Saurenergy Global renewable energy conglomerate Iberdrola has announced that it will install six Battery Energy Storage Systems (BESS) with a combined capacity of 150 MW in Spain. Battery storage technology is becoming increasingly important for maximising the use of clean energy, regulating the grid frequency to within a millisecond and providing back-up capacity at peak energy […] Read more
Global Maritime To Lead Maintenance At Offshore Wind Farm In Scotland Updated On Thu, Jan 25th, 2024 by Saurenergy Global Maritime, an offshore operations company, will manage the maintenance-related heavy operations at the Hywind floating offshore wind farm. The company has been awarded a contract pertaining to project management, engineering works, and other site-related operations. Masdar, a renewable energy company, and Equinor, an international energy company were involved in developing the Hywind offshore wind […] Read more
Ecofy Secures INR 900 MN From Dutch Development Bank, FMO Updated On Thu, Jan 25th, 2024 by Saurenergy Ecofy, an Indian green-only Non-Banking Financial Company (NBFC) that provides climate finance to Indian consumer and small business sector, secured an investment of INR 900 Mn from Dutch bank, FMO. It received the loan from the Dutch Entrepreneurial development bank, leveraging FMO’s AAA rating and global credibility. Ecofy plans to grow its loan book, enable […] Read more
Sembcorp Awarded 450MW Wind-Solar Hybrid Project In India Updated On Wed, Jan 24th, 2024 by Saurenergy Sembcorp Industries (Sembcorp) a wholly owned renewables subsidiary of Green Infra Wind Energy Limited (GIWEL), recently announced that it received a Letter of Award (LOA) for its 450MW Inter-State Transmission System (ISTS) wind and solar hybrid project. The firm received the LOA from the Solar Energy Corporation of India (SECI). Sembcorp’s Build-Own-Operate (BOO) project was […] Read more
LONGi Makes Case For Net Zero Manufacturing At WEF Davos Updated On Mon, Jan 22nd, 2024 by Saurenergy As one of the newest recipients of the World Economic Forum (WEF) “Lighthouse Factory” recognition, Chinese solar giant LONGi made a strong case for net zero manufacturing powered by clean energy. For LONGi, which will celebrate it’s 25th year of founding in 2025, the journey to be the leading solar player has been truly impressive. […] Read more
AIIB Invests In Eight Solar Projects Of 1.54 GW With Mahindra Susten Updated On Fri, Jan 19th, 2024 by Saurenergy The Asian Infrastructure Investment Bank (AIIB) a multilateral development bank has invested Rs 4.86 billion (around USD $58.4 million equivalent) in renewable energy Infrastructure Investment Trust (InvIT). InvIT (Sustainable Energy Infra Trust or SEIT), has eight operating solar power generation assets of 1.54 gigawatt (GW)-peak total capacity located in India. SEIT is co-sponsored by Mahindra […] Read more
