Inverter Major Fimer’s Acquisition By Greybull Capital, Mclaren Applied Complete Updated On Thu, Jan 16th, 2025 by Saurenergy Following the assignment, in late November 2024, of the FIMER S.p.A. business complex, a leading Italian solar inverter designer and manufacturer, to MA Solar Italy Limited affiliated to the McLaren Applied Group, the acquisition procedure has been formally completed as planned. FIMER has been officially welcomed into the Greybull Capital and McLaren Applied family. The […] Read more
Green Stocks Jan 16: Strong Day For Green Stocks Updated On Thu, Jan 16th, 2025 by Saurenergy We have been stressing how the margin for error is fine when it comes to green stocks and their valuations. And we saw it in full play in the contrasting market response seen to results from two of the Solar EPC firms in our green pack. While SWREL, which turned in a strong set of […] Read more
SBI Caps: Open Access Offered 20% Cost Advantage In Four States Updated On Thu, Jan 16th, 2025 by Saurenergy India saw 2024 as a pivotal year for renewable energy, surpassing the 200 GW threshold in installed capacity. Solar energy installed capacity registered a healthy 8% y/y growth in CY24. The SBI Caps report noted exceptional growth and a blip in energy demand, with the non-utility share standing out due to a 25% increase, the […] Read more
Suzlon Undertakes Blade Testing for Netherland’s We4Ce In Gujarat Updated On Thu, Jan 16th, 2025 by Saurenergy Suzlon Group today announced the successful completion of blade testing for We4Ce, a prominent wind energy player from the Netherlands, at its Blade Test Center Gujarat (BTCG). “This achievement not only highlights Suzlon’s technological leadership but also reflects its commitment to the ‘Make in India’ initiative, showcasing India’s capabilities in delivering world-class renewable energy solutions,” […] Read more
Q3 Results: Sterling & Wilson Profit Up By 127% On YoY Updated On Thu, Jan 16th, 2025 by Saurenergy Indian renewable energy company Sterling and Wilson (SW Solar or SWREL) today announced its financial results for the third quarter (Q3) of FY25, alongside a report for the first nine months of the fiscal year. 127% Surge in Net Profits The company’s consolidated financial results revealed a significant 127% increase in net profits on a […] Read more
NTPC Issues Tender To Build Pilot BESS At Dadri Thermal Plant Updated On Thu, Jan 16th, 2025 by Saurenergy NTPC recently issued a tender to build and test a pilot project for proof of concept to replace diesel generators (DGs) with battery energy storage systems (BESS) at the Dadri Thermal Plant. The plant will be located at NTPC Dadri Stage-I. NTPC sought bids from interested parties until February 10, 2025. Prior Experience The bidder […] Read more
TREDA Issues Pre-Feasibility Tender for PSP In Tripura Updated On Thu, Jan 16th, 2025 by Saurenergy The Joint Director of the Tripura Renewable Energy Development Agency (TREDA) issued an e-tender, soliciting bids to set up a Pumped Storage Project in Tripura from prospective bidders. The agency, on behalf of the organization, invited tenders to establish consultancy services for the preparation of a Pre-Feasibility Report (PFR). TREDA has sought bids from interested […] Read more
Non-Utility Share Of Over 25% Stood Out In 2024 In India: SBI Caps Updated On Thu, Jan 16th, 2025 by Saurenergy Investment bank SBI Capital Markets (SBI CAPS), in a report on non-utility solar in India, has hailed 2024 as the year when non-utility solar finally crossed the 25% threshold in India. Declining module and EPC costs, coupled with cheaper cells expanding off-grid potential, facilitate solar adoption. Non-utility solar is poised for significant growth, with annual […] Read more
Green Stocks Jan 15: Stuttering Recovery Continues Updated On Wed, Jan 15th, 2025 by Saurenergy After the strong rebound that we saw yesterday, as expected, the movement was a lot more sporadic and cautious today. So where Adani Green Energy and KPI Green rose on the back of news on commissioning capacities and order wins respectively, Premier Energies also bucked the downtrend with the announcement of multiple order wins. Tomorrow […] Read more
