Tata Power Announces Q2 FY 2018-19 Result with 85% Increase in Consolidated PAT; Reaffirms Strong Operating Performance Updated On Mon, Oct 29th, 2018 by Saurenergy Reports 19% Increase in Renewables Ebitda at Rs 631 crore Reports strong all-round performance in H1 FY19. Consolidated underlying business EBITDA stood at Rs 2,668 crore for the quarter due to strong operating performance of all businesses Q2 FY19 Consolidated PAT was up 85% at Rs 393 crore as compared to Rs 213 crore in previous year mainly due […] Read more
Half European Union Houses can Contribute to RE Production by 2050: Report Updated On Mon, Oct 1st, 2018 by Saurenergy About half of European Union households could contribute to produce renewable energy, with off grid communities contributing 37% of this number. With a considerable share in global photovoltaic (PV) and wind power equipment market, European Union (EU) has been working towards inclusion of its households in a bid to switch energy sources. According to a […] Read more
India’s Solar Race toward Next Decade Updated On Tue, Sep 4th, 2018 by Saurenergy Buoyed by the quite impressive performance of India’s renewable energy sector and especially in the solar space in recent years, the Government of India took a daring move and revised its ambitious renewable energy targets from 175 GW to 227 GW by 2022. Following the move, it also aimed to auction 40 GW of renewable […] Read more
Tata Power Q1 Net Profit Jumps Four-Fold to Rs 1,735 Cr Updated On Fri, Jul 27th, 2018 by Saurenergy Consolidated revenue rose by 16 percent at Rs 7,139 crore as compared to Rs 6,166 crore last year. Country’s one of the leading integrated power company, Tata Power has reported a four-fold jump in its consolidated net profit after tax at Rs 1735 crore during the first quarter of FY19, helped by exceptional gain from […] Read more
Samsung to Increase Renewable Energy Use to Curb Global Warming Updated On Thu, Jun 14th, 2018 by Saurenergy Samsung, the world’s biggest smartphone maker, and South Korea’s biggest corporate group, is the first electronics manufacturer to join a movement spearheaded by Apple and other Silicon Valley companies. In order to help in curbing the global warming, Samsung Electronics join the global list of companies that are promising to increase their use of solar and other renewable […] Read more
ABB Wins 132 KV Substations Contracts from Iraq Updated On Tue, Jun 5th, 2018 by Saurenergy The move has come as the government of Iraq is rebuilding the country and investing in its grid as part of its ambitious plan to develop its power infrastructure to meet electricity needs. ABB has bagged orders from the Ministry of Electricity in Iraq to deliver 5 fixed and 15 mobile 132 kilovolt substations, aiming […] Read more
Freyr Energy Bags Award for Rural Electrification in Tribal Areas from C&I Ministry Updated On Wed, May 30th, 2018 by Saurenergy The company has bagged the award for its exemplary work done in electrification through 50 solar microgrids for tribal habitations in Andhra Pradesh. Hyderabad-based solar EPC company Freyr Energy has secured the Smart Village award at the 4th Smart Cities India 2018 Expo by ITPO – Ministry of Commerce & Industry, Government of India. The […] Read more
ABB Kicks off 1st Industrial Solar Microgrid in Gujarat Updated On Thu, Apr 26th, 2018 by Saurenergy It is the first of its kind microgrid to be installed at a manufacturing campus in the country, and will harness the area’s abundant solar energy supply to help the expanding factory meet its growing electricity needs, while lowering its carbon footprint. ABB has inaugurated an innovative microgrid solution at its Vadodara manufacturing facility in Gujarat. This is the company’s largest facility […] Read more
ABB Bags $90 mn Contract to Enable Expansion of Solar Park in Dubai Updated On Wed, Apr 11th, 2018 by Saurenergy The solar park is located inland 50 km south of Dubai and has been a central part of Dubai’s renewable strategy. ABB has won an order worth over USD 90 million from Dubai Electricity and Water Authority (DEWA) to build the Shams 400 kV substation that will integrate solar power from upcoming phases of the […] Read more
