Battery Startup Log 9 Materials Raises $5 million from Amara Raja Batteries Updated On Mon, Aug 9th, 2021 by Saurenergy Bengaluru-headquartered advanced battery-tech Log 9 Materials has announced an equity partnership and collaboration with Amara Raja Batteries (ARBL), one of India’s largest manufacturers of industrial and automotive batteries. The deal involves an investment of $5 Million from Amara Raja Batteries during its ongoing Series A+ funding round. For ARBL, the investment follows the announcement of […] Read more
SECI Finally Finds The First Buyer for Manufacturing Linked Tender- GRIDCO Updated On Thu, Jul 29th, 2021 by Saurenergy Late last week, SECI (Solar Energy Corporation of India) announced the first power supply agreement (PSA) in connection with its manufacturing-linked solar tenders, floated in November 2019. These were won by Adani Green and Azure Power finally. Signed in Bhubaneshwar between SECI and GRIDCO Limited (or Grid Cooperation of Odisha), a subsidiary of Odisha Electricity […] Read more
India Planning Bids for 4 GWh of Grid-Scale Battery Storage System Updated On Tue, Jul 20th, 2021 by Saurenergy In an attempt to make the country’s electricity green, the Indian government is planning to invite bids for setting up around 4 GWh (4000 MWh) of grid-scale battery storage system at regional load dispatch centres (RLDCs), according to an announcement made by the Minister of Power and New and Renewable Energy, Raj Kumar Singh. The Union […] Read more
Bill Gates-Backed US Firm to Pour $300 M in India’s Module Production Updated On Wed, Jun 23rd, 2021 by Saurenergy US-based 1366 Technologies has plans to invest $300 million to set up a 2 GW solar wafer and cell manufacturing facility in India under the government’s production-linked incentive (PLI) scheme. The firm produces silicon wafers by casting them in their ultimate shape directly in a mold, rather than the prevailing standard method in which wafers are […] Read more
Amara Raja Aligns Itself With Electric Mobility For Growth Updated On Mon, Jun 14th, 2021 by Saurenergy Hyderabad-based Amara Raja Batteries Ltd. (ARBL), which has emerged as the no. 2 battery manufacturer in the country, is looking to ensure it continues on the growth path. It’s board has approved the launch of several strategic initiatives to take advantage of fast emerging new opportunities to accelerate growth and enhance stakeholder value. ARBL has […] Read more
Say Goodbye To 2020’s Low Solar Bids, As Price Hikes Continue In Modules, Cells Updated On Wed, May 26th, 2021 by Saurenergy The record low prices last seen in GUVNL’s 500 MW auction, when NTPC won with a bid of Rs 1.99/ unit, may be a distant memory as solar equipment prices continue their upward march in 2021. Those low prices in the last big auction of 2020, blamed on NTPC flexing muscle and projections of a […] Read more
ReNew Power Goes with Gujarat For Solar Component Manufacturing Plant Updated On Tue, May 18th, 2021 by Saurenergy Leading renewable energy firm ReNew Power has announced that it will be going to Gujarat for the development of a solar cell and module manufacturing plant. The manufacturing plans had been announced by ReNew Power last year, and it has picked the Dholera Special Industrial Region (DSIR), about 100 km away from Ahmedabad . Gujarat, […] Read more
DGTR’s Third Anti Dumping Investigation. Too Little, Too Late? Updated On Tue, May 18th, 2021 by Saurenergy The announcement by the ministry of commerce and industry of the Directorate General of Trade Remedies (DGTR) starting an anti-dumping probe on imports of solar cells imported from China, Vietnam, and Thailand was made yesterday. The move, while following due process as one would hope, leads to several questions regarding its relevance. Perhaps the only […] Read more
Is India on a delusional path to progress? Updated On Wed, May 12th, 2021 by Saurenergy By Dr. Hitesh Doshi, Chairman and Managing Director, Waaree Group With the advent of the novel Coronavirus, the Indian economy is witnessing a major slowdown. While the nation is fighting the virus with all its might, businesses across sectors are reeling under the tremendous pressure of sustaining themselves. The ground reality of the Indian solar […] Read more
