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
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
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
Cleantech Solar Inducts Ritesh Singhi As Country Manager, India Updated On Thu, Jan 25th, 2024 by Saurenergy – Cleantech Solar, a leading provider of renewable energy solutions to corporations in India and Southeast Asia, proudly announces the appointment of Ritesh Singhi as their Vice President and Country Manager – India. With an extensive background spanning nearly three decades of experience in business operations and management, Singhi brings comprehensive expertise in operations management, […] 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
TotalEnergies, European Energy Expand Their Collaboration In Wind Energy Updated On Tue, Jan 23rd, 2024 by Saurenergy TotalEnergies, a multi-energy company, announced its collaboration with European Energy, which develops and constructs renewable energy projects. It recently signed a new agreement with European Energy to develop offshore wind projects in three Nordic countries: Denmark, Finland and Sweden. This collaboration forms a part of its integrated development in electricity. 405 MW of offshore wind […] Read more
Exus To Acquire 625 MW New Mexico Solar Portfolio Updated On Tue, Jan 23rd, 2024 by Saurenergy Exus North America, a renewables asset management and development firm, has announced its acquisition of New Mexico Renewable Development LLC (NMRD), a 15-project portfolio of solar farms in the state totalling 625 megawatts. The sale of the portfolio, owned 50/50 by energy holding company PNM Resources (PNM) and major utility American Electric Power (AEP), is […] Read more
SECI Invites Bids For Setting Up 1500MW ISTS Solar Power Projects Updated On Fri, Jan 19th, 2024 by Saurenergy The Solar Energy Corporation of India (SECI), a Central government enterprise, has invited proposals for setting up Inter-State Transmission System (ISTS)-connected solar projects in India for an aggregate capacity of 1500 MW on a Build- Own-Operate (BOO) basis. Further, SECI will enter into a Power Purchase Agreement (PPA) with the successful bidders selected based on […] Read more
Sunsure Energy Signs Pact To Supply Solar Power To KSB Ltd For 25 Yrs Updated On Fri, Jan 19th, 2024 by Saurenergy Renewable Energy company Sunsure Energy has signed a Power Purchase Agreements (PPA) with Pune-based KSB Limited, one of the leading pumps and valves manufacturers in India to supply nearly one crore units of green power annually for the next 25 years. Sunsure will set up this captive renewable energy project with KSB Limited as the […] Read more
