Sterling & Wilson Renewable Energy Reports ₹429 cr Loss in Dec Quarter Updated On Tue, Feb 15th, 2022 by Saurenergy Sterling and Wilson Renewable Energy (SWREL) on Monday reported a consolidated net loss of Rs 428.78 crore in the quarter ended December 2021. The company had posted a consolidated net profit of Rs 22.45 crore in the quarter ended December 2020, according to a BSE filing. Total income of the company stood at Rs 1,502.23 […] Read more
Indian EV maker Altigreen Secures Rs 300 cr in Series A Round Updated On Fri, Feb 11th, 2022 by Saurenergy Indian EV maker Altigreen has raised around Rs 300 crore (approx. US$ 40 Million) as investment in its Series A round, to boost its manufacturing, launch new products including LCVs, and strengthen its countrywide presence. The funds will be utilized to ramp up production capabilities, accelerate R&D, facilitate fast-paced EV adoption and develop a robust Pan-India network to offer the […] Read more
Tata Group declines to participate in ‘EV Battery’ PLI Scheme Updated On Wed, Feb 9th, 2022 by Saurenergy The Tata Group, which is a key player in the country’s transition to clean energy, has decided to not participate in the government’s massive Rs 18,100-crore production-linked incentive (PLI) for the EV Battery development in the country. The Tata Group found that the return on the risks involved in the segment looks unfavourable for them. […] Read more
Virescent Renewable Raises Rs 650 crore Through Domestic Bond Issue Updated On Tue, Feb 8th, 2022 by Saurenergy Virescent Renewable Energy Trust (VRET) and Infrastructure Investment trust (InvIT) has raised a capital of Rs. 650 crore through a domestic bond issue. The issue is meant for two tenors – one is 7.33-year for Rs 150 crore and the other being a 10-year one for Rs 500 crore. Virescent is backed by global investment […] Read more
Aquila Capital in Deal for Solar Project Portfolio in Spain Updated On Mon, Feb 7th, 2022 by Saurenergy With an eye of a 500MW solar photovoltaic (PV) portfolio in Spain, Aquila Capital has signed an agreement with Viridi RE and Solar Ambition. Aquila is a German investment and asset development company and Solar Ambition is a subsidiary of Green Enesys Group. The deal has it that Viridi RE and Solar Ambition will work […] Read more
Government to come up with ‘Incentives’ for Battery Swap in Two Months Updated On Fri, Feb 4th, 2022 by Saurenergy The run for renewables and decrease the carbon footprint looks quite robust as too much is happening this week. Just as Finance Minister had declared a battery swapping scheme in the Union Budget to promote faster adoption of electric vehicles (EV), government sources are saying that the concerned department is about to finalise the incentives […] Read more
Novel Recycled Lithium Ion Batteries Outperform New Ones Updated On Thu, Feb 3rd, 2022 by Saurenergy Just when the demand for lithium ion batteries are skyrocketing for their immense use in the consumer world today and the industry is struggling hard to find lithium and other minerals’ sources on the planet, it has been found that recycling lithium ion batteries may well be better than creating new ones. A research published […] Read more
With Green Bonds in Budget’22, RE Financing Grows in India: IEEFA Updated On Thu, Feb 3rd, 2022 by Saurenergy As India’s renewable energy sector growth continues to outpace all other global economies, the Budget announcement on issuing green bonds – which are among the most widely used instruments for funding green infrastructure – will massively support this trajectory, finds a new report out by the Institute for Energy Economics and Financial Analysis (IEEFA). The union […] Read more
Why The Solar PLI Scheme Will Throw Up Big Opportunities, And Challenges For Industry Updated On Wed, Feb 2nd, 2022 by Saurenergy The allocation of a further Rs 19,500 crore for solar manufacturing under the Solar PLI (Performance Linked Incentive) scheme, which rewards manufacturers for both backward integration and exports, is indeed a big deal. Taken in its entirety with the existing Solar PLI scheme of Rs 4500 crore that is already under execution, the scheme will […] Read more
