SWRE Net Loss Contracts To Rs 99 Cr In December Quarter Updated On Fri, Jan 20th, 2023 by Saurenergy Sterling and Wilson Renewable Energy Limited (SWREL) has announced that it has narrowed its consolidated net loss to Rs 99.15 crore in the third quarter ending December. Sterling and Wilson said that the reduction in the losses is caused mainly due to lower expenses. With an EPC portfolio of close to 13 GW and an […] Read more
1400 EV Chargers Supplied by Servotech Power Systems in Three Months Updated On Fri, Jan 20th, 2023 by Saurenergy NSE-listed EV Charging and solar power solutions provider Servotech Power Systems Ltd, has supplied 1400 EV chargers in a span of three months of November to January at different locations across the country. These chargers include public sector projects, retail customers, and other strategic alliances that Servotech has taken up and entered into. Of these […] Read more
Global Battery Leader CATL In Tie-Up With UL To Improve Battery Safety Updated On Thu, Jan 19th, 2023 by Saurenergy Global battery technology player Contemporary Amperex Technology Co. (CATL) has announced that it has signed an MoU with applied safety science provider UL Solutions for strategic cooperation to help create safer deployment and use of battery energy storage systems (BESS) and electric vehicle (EV) batteries. The agreement expects CATL to use its battery laboratory to […] Read more
SOFAR Launches 100-125kW C&I PV Solutions For Global Market Updated On Thu, Jan 19th, 2023 by Saurenergy Global supplier of solar PV and energy storage solutions – SOFAR – has launched its new inverter for the global market called SOFAR 100-125KTL-G4 at World Future Energy Summit (WFES). SOFAR said that the new inverter is optimized for C&I and small-scale utility solar. The product also features the integration of ultra-high current, easy installation […] Read more
Adani Firm to Acquire 50% Equity in Rajasthan’s Essel Saurya Urja Updated On Thu, Jan 19th, 2023 by Saurenergy Adani Renewable Energy Holding Two Ltd has announced that the company will acquire 50 per cent equity in Rajasthan based renewable energy company Essel Saurya Urja Company of Rajasthan Ltd (ESUCRL). The deal has been announced to be for Rs 15 crore from Essel Infraprojects a firm belonging to the troubles Essel Group whose promoters […] Read more
APTEL Asks Andhra Pradesh DISCOM to Pay Dues to Vibrant at Lower Rate Than in PPA Updated On Wed, Jan 18th, 2023 by Saurenergy The Appellate Tribunal for Electricity at New Delhi (APTEL) has directed APSPDCL (the southern power DISCOM of Andhra Pradesh- Andhra Pradesh Southern Power Distribution Company Limited) to compensate Vibrant Greentech India Pvt Ltd for the electricity supplied to it by the firm. Further, the APTEL has asked APSPDCL to compensate the firm at Rs.2.93 per […] Read more
UAE to Invest $2 Billion in Solar Power in Zambia Updated On Wed, Jan 18th, 2023 by Saurenergy In a bid to step-up the renewable energy expansion in the resource-scare continent of Africa, UAE has signed a key agreement with Zambia to provide $2 billion for the development of solar power plants. The said investment is expected to increase the power generation base the southern African country by more than half. Zambia President […] Read more
CIP, Statkraft Partner for 2.2GW Offshore Wind in Ireland Updated On Wed, Jan 18th, 2023 by Saurenergy Leading global renewable energy firm Statkraft has announced a major deal with Copenhagen Infrastructure Partners’ (CIP) fund Copenhagen Infrastructure IV K/S (CI IV) as the company looks to develop upto 2.2 GW of offshore wind in Ireland. Statkraft said that CIP will acquire a 50% stake in its offshore wind portfolio in Ireland. It is […] Read more
Norwegian Sovereign Fund to Invest in 1,265 MW RE Capacity of Iberdrola Updated On Wed, Jan 18th, 2023 by Saurenergy Iberdrola has said that the Spanish multinational utility has entered into an alliance with Norway’s sovereign wealth fund, to invest in 1,265 MW of new renewables capacity in Spain. According to the terms of the agreement, the valuation of 100% of the assets in the portfolio amounts to approximately EUR 1.2 billion. The Norwegian fund […] Read more
