Lower Auction Volumes, Supply Chain Challenges May Slowdown 20% of India’s PV Capacity Additions in ’23: IEA Updated On Tue, Aug 8th, 2023 by Saurenergy The IEA (International Energy Agency), in its latest study, “Renewable Energy Market Update 2023 & 2024” has offered significant insights on worldwide markets in the renewable segment. The revelations of the report are as follows- Global Renewable Capacity Additions As per the report, the global renewable capacity additions are set to soar by 107 gigawatts […] Read more
Electronica Finance Limited Signs US$15 Mn Deal with ResponsAbility Investments AG Updated On Tue, Aug 8th, 2023 by Saurenergy Electronica Finance Limited (EFL), a Pune-based Non-Banking Financial Company (NBFC) specialising in financing MSMEs with a focus on financial inclusion and energy efficient machine financing, has signed a US$15 million deal from Global Climate Partnership Fund (GCPF), managed by responsAbility Investments AG. The finance provided under the deal will be for six years and the […] Read more
Spain’s Acciona to Establish New Wind Farm of 330 MW Capacity in Victoria Updated On Tue, Aug 8th, 2023 by Saurenergy Spanish firm that delves into the development and management of infrastructure and renewable energy Acciona Energia has set sights on setting up a new 330 MW wind farm, which will come up in regional Nyaninuk, Victoria. The proposal looks at constructing 58 wind turbines. These would generate 330 MW of renewable energy in regions of […] Read more
Airtouch In Key Deal With ReNew For Its Panel Cleaning Equipment Updated On Mon, Aug 7th, 2023 by Saurenergy Israel based robotic cleaning solutions firm Airtouch Solar continues to make inroads into the Indian market. In it’s latest deal announcement, the firm has announced the closure of its fifth and largest agreement with ReNew worth $8.5 million for supply of Airtouch’s advanced robot model – Airtouch AT 4.0 for ReNews solar projects in India. […] Read more
C&I Segment: Group Captive Mode to Drive Installations in FY24-FY25-CareEdge Ratings Updated On Mon, Aug 7th, 2023 by Saurenergy A new report from CARE Ratings predicts sunny times for solar power through Group captive mode in India’s C&I segment. Commercial & Industrial (C&I) consumers in India have the option to purchase power either through a third-party power plant or through a captive/group captive power plant besides procuring power from the designated utility in their region. […] Read more
Tongwei Becomes First Chinese PV Maker in Fortune 500 List Updated On Mon, Aug 7th, 2023 by Saurenergy China’s Tongwei Group, a powerhouse in the solar manufacturing space made its debut on the Fortune 500 list of 2023 with a revenue of CNY 2148.82 billion and ranked 476th, becoming the first photovoltaic company in the world to enter the Fortune Global 500. At the same time, Tongwei Group ranked 34th on the Return on […] Read more
Waaree Energies Raises INR 1000 Crore in Second Round of Funding Led by ValueQuest Updated On Mon, Aug 7th, 2023 by Saurenergy Waaree Energies Limited (WEL), India’s largest solar module maker right now, has successfully raised a round of equity funding, amounting to approximately INR 1000 crore. The investment round was led by ValueQuest, an investment focused on sustainable and progressive ventures. Waaree Energies Ltd. had earlier raised a primary round of ~INR 1040 crore from a […] Read more
NTPC Gung Ho On Renewables Targets, Sees Bigger Opportunities Open Up Updated On Mon, Aug 7th, 2023 by Saurenergy National Power Utility NTPC Limited has been in the news for all the right reasons recently. A soaring stock price has been driven by rising power demand, which has meant higher utilisation of NTPC’s coal power fleet, even as NTPC itself has extracted almost 65% higher coal during the year gone by. That, plus a […] Read more
1 TW Renewable Potential in Egypt: A Game-Changer or a Distant Dream? Updated On Fri, Aug 4th, 2023 by Saurenergy Egypt has the potential to produce electricity capacity of 350 gigawatts (GW) from wind energy and 650 GW from solar energy, the Minister of Electricity and Renewable Energy Mohamed Shaker suggested at the fourth edition of the round table on the green hydrogen industry in Egypt, chaired by Egypt’s Prime Minister Mostafa Madbouly. The claim […] Read more
