Green Li-ion Secures $20.5 Million for Battery Recycling Technology Updated On Tue, Mar 14th, 2023 by Saurenergy Singapore-based lithium-ion battery recycling technology player Green Li-ion has secured $20.5 million in the recent round of pre-series B funding. The investment backers included venture capital firm TRIREC, solar firm Banpu NEXT and energy company Equinor Ventures. Green Li-ion has developed a prototype of its GLMC technology and is expecting to start the commercial production […] Read more
JinkoSolar Announces Financial Results; Net Profit Stands at $96 Million Updated On Mon, Mar 13th, 2023 by Saurenergy JinkoSolar Holding Company that claims to be one of the largest and innovative solar module makers in the world, has announced its financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter Results of 2022 JinkoSolar said that the quarterly shipments were 16,802 MW solar modules, cells and wafers which […] Read more
ALMM Requirement For Solar Projects Deferred To April 2024 Updated On Fri, Mar 10th, 2023 by Saurenergy In a move that was as unexpected as seemingly inevitable, the MNRE(Ministry of New and Renewable Energy), in a late evening Office Memorandum, has declared that its orders for using only domestically approved modules in the Approved list of module manufacturers list (ALMM) will be held in abeyance till March 31, 2024. The ALMM order […] Read more
“Maintenance of wind turbine blades must be condition-based, not time-based”, Mahesh Wagle, Cybernetik Updated On Fri, Mar 10th, 2023 by Saurenergy A three-decade old firm, Pune-based Cybernetik has been practively working to deliver customized automation and equipment solutions for the wind energy industry. With the EV sector gathering steam, Cybernetik has also shifted focus to build battery packs in the EV sector. The firm has in its list of clientele leading auto players such as Bajaj, […] Read more
FuturaSun Plans New 2 GW Solar Module Facility in Italy Updated On Fri, Mar 10th, 2023 by Saurenergy European solar module maker headquartered in Italy, FuturaSun has announced that it has acquired a 24,000 sq meters plot of land in the industrial area of Cittadella (Padua) to establish a new Italian solar module Gigafactory. FuturaSun said that the new factory will reach a 2 GW annual production capacity of high-efficiency photovoltaic modules that […] Read more
Origis Energy Announces $750 Million for Solar, Storage Pipeline in USA Updated On Fri, Mar 10th, 2023 by Saurenergy In a key development that would further USA’s renewable energy ambitions, renewable energy platforms Origis Energy has announced the close of an upsizing amendment to their development finance facility doubling capacity to $750 million. Miami-headquartered Origis Energy said that with enhanced flexibility and increased capacity, the credit facility will support further expansion of its solar […] Read more
Silfab Solar Raises $125 Million to Build Third US Cell Factory Updated On Thu, Mar 9th, 2023 by Saurenergy North American PV module manufacturer Silfab Solar has announced a second investment round led by ARC Financial Corporation to help fund the next expansion of Silfab Solar, whose third facility is to open in the United States of America. This will include domestic PV cell and module production. The $125 million investment from energy-focused private […] Read more
Startup on Smart Grid Applications Probus Smart Things Raises $3 Mn Updated On Thu, Mar 9th, 2023 by Saurenergy Probus Smart Things, a startup on IoT communications and data analytics focused on smart grid applications has raised $3 million. Unicorn India Ventures and Family Office from the US lent support to the startup to raise this amount. The round also saw participation from existing investors. Unicorn India Ventures is a Mumbai-based early stage fund […] Read more
CERC Rejects Change In Law Plea For BCD Demanded By Developers In SECI’s Tranche IX Solar Tender Updated On Thu, Mar 9th, 2023 by Saurenergy In the tariff approval plea filed by SECI (Solar Energy Corporation of India) for its tranche IX solar tender, where it had bid out 2000 MW of capacity in 2020, the CERC (Central Electricity Regulatory Commission) found itself analysing a range of issues. Be it the change in GST on key solar components, to increase […] Read more
