Servotech Bags 120 Cr Order Of 1800 DC Fast EV Chargers From BPCL Updated On Wed, Jan 31st, 2024 by Saurenergy Servotech Power Systems, an EV Charger manufacturer in India, bagged an order for 1800 DC Fast EV chargers from Bharat Petroleum Corporation Limited (BPCL). The project, valued at 120 crores, is expected to involve Servotech manufacturing, supplying, installing, and deploying these 1800 EV chargers across the nation. It particularly included Bharat Petroleum Corporation Limited (BPCL) […] Read more
Global Fashion Retailer H&M Signs PPA To Build 3 Solar Parks In Sweden Updated On Tue, Jan 30th, 2024 by Saurenergy Global fashion retailer and fast fashion brand H&M Group has signed long-term power purchase agreements (PPAs) with European solar developer and independent power producer Alight regarding the construction of three new solar parks in Sweden. The ground-mounted solar parks will be located in Blekinge, Södermanland, and Halland, with a capacity of 13 MW, 6 MW […] Read more
GE Vernova Bags 1.4-GW Australian Wind Project For Turbine Supply Updated On Tue, Jan 30th, 2024 by Saurenergy Onshore Wind business of GE Vernova has confirmed the signing of a strategic framework agreement with Australian RE player Squadron Energy for 1.4 GW of onshore wind projects in New South Wales, Australia. The construction of the Uungala Wind Farm has already begun. The agreement was received in the fourth quarter of 2023 and thereafter […] Read more
COVER STORY: Rooftop Solar Enters Mission Mode In India Updated On Mon, Jan 29th, 2024 by Saurenergy The signs were already there. In the first week of 2024, the Ministry of New and Renewable Energy (MNRE) created ripples in the Indian solar market when it announced a 23 percent increase in subsidies for residential rooftop solar. As per the government notification, the ministry increased subsidies from Rs 14,588/kWh to Rs 18,000/kWh for […] Read more
Reliance Backed Wafer Manufacturing StartUp NexWafe Plans 6GW US Manufacturing Plant Updated On Mon, Jan 29th, 2024 by Saurenergy German solar startup NexWafe GmbH, which counts India’s Reliance among its key investors, is considering a major expansion in the US with 6 GW of solar wafer manufacturing capacity there. Towards this end, NexWafe GmbH has established a U.S. subsidiary to evaluate the development of multi-gigawatt-scale solar wafer production in the U.S. with an initial […] Read more
REC Ltd, NIIFL collaborate on funding solutions for renewable energy, other infra projects Updated On Mon, Jan 29th, 2024 by Saurenergy REC Limited has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for “Renewable Energy Projects” as well as large-scale infrastructure projects in India. REC Ltd is a Maharatna CPSE and also a leading NBFC that comes under the ambit of […] Read more
Hero Future Energies Inks Pact With PIXON Green For Solar Module Supply Updated On Thu, Jan 25th, 2024 by Saurenergy Hero Future Energies has announced the signing of an agreement with PIXON Green Energy, a domestic module manufacturer, for the supply of solar PV modules. Under the agreement, PIXON Green Energy will provide Hero Future Energies with high-efficiency modules for up to 500 MW annually on a prioritized basis for two years from their automated […] Read more
ARENQ Working To Develop 3-Wheeler EVs With Swapping Facilities: VG Anil, CEO Updated On Thu, Jan 25th, 2024 by Saurenergy How has the firm’s journey been since it started its operations? We started our operations in 2021. Our journey was both challenging and rewarding. We’ve successfully positioned ourselves as India’s most trusted battery supplier, which is a notable achievement in a short time. Initially, we faced significant hurdles in recruiting skilled engineers and sourcing high-quality […] 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
