IREDA Reports Net NPA Reduction, Profit Jump In Q1 Fy24 Updated On Wed, Aug 16th, 2023 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA), a Mini Ratna (Category – I) Government of India enterprise under the administrative control of Ministry of New and Renewable Energy, has reported an all-time high Quarterly Profit After Tax (PAT) of Rs. 295 crores and Profit Before Tax (PBT) of Rs. 440 crores in the 1st Quarter […] Read more
Norfund Pumps Repeat Investment into Fourth Partner Energy for ₹350 Cr Updated On Fri, Aug 11th, 2023 by Saurenergy Norwegian Investment Fund for developing countries – Norfund today announced a fresh investment of ₹350 Cr into renewable energy solutions platform, Fourth Partner Energy (4PEL). This is the second round of equity infusion by Norfund into 4PEL, following its $100 Mn investment in June 2021. Speaking about this development, Anders Blom, Vice President at Norfund […] Read more
Ola Electric Recorded Sales of Rs 373 Cr in Fy22, Even as Losses Rose 4X Updated On Thu, Aug 10th, 2023 by Saurenergy Market leader Ola Electric has finally filed its Fy22 numbers a year behind schedule. And the numbers don’t make for pleasant reading, if you are an accountant. However, with it’s leadership in the 2 wheeler segment well entrenched for now, the firm will be expected to report a stronger set of numbers for FY23, as […] Read more
Adani’s 5.2 MW Onshore Wind Turbine A Step Closer To Launch Updated On Wed, Aug 9th, 2023 by Saurenergy The Adani group’s much anticipated 5.2 MW wind turbine being built at Mundhra, Gujarat, is close to a formal unveiling. Touted as the country’s largest wind turbine and one of the largest on-shore machines in the world when ready, the machine is being built with technology from W2E Wind to Energy GmbH of Germany. Till […] Read more
Rockefeller Foundation Refutes Washington Post Story On India’s ‘Dysfunctional’ Mini-Grids Updated On Tue, Aug 8th, 2023 by Saurenergy Last week, July 31st to be exact, a story in the Washington Post on India’s rural solar mini-grids grabbed a lot of attention. Authored by Karishma Mehrotra, the paper’s South Asia correspondent, the story headlined “India joins rush to renewables, but its rural solar systems fall off grid” was a clear indictment of India’s solar […] 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
Singapore’s Temasek to Invest INR 12,000 Cr in Mahindra & Mahindra EV Arm Updated On Fri, Aug 4th, 2023 by Saurenergy Major automobile firm Mahindra and Mahindra Ltd (M and M) has revealed that investment firm Temasek, based out of Singapore, will be investing INR 1,200 crore in Mahindra Electric Automobile Ltd (MEAL), which is the Electric Vehicle (EV) subsidiary of Mahindra & Mahindra. The EV arm manufactures four-wheeled EVs. An agreement towards this has been […] Read more
A Case For Green Financing For More Transmission Infrastructure Updated On Fri, Aug 4th, 2023 by Saurenergy In a provocative blog on the importance of the transmission sector and its role in the energy transition, two world bank staffers make the case for expanding the definition of green projects when it comes to transmission projects, to ensure faster adaption of these vital infrastructure to handle green energy projects. The article comes at […] Read more
Renewable Energy Solutions Provider Growatt Unveils PV Inverter at Shine Elite India Updated On Thu, Aug 3rd, 2023 by Saurenergy Growatt, a firm that delves in the renewable energy industry, organized Shine Elite India- Hyderabad Edition Solar Technical Program at Hotel Raddison Blue recently. The event witnessed the launch of the much-anticipated MID 33-50KTL3-X2 PV inverter and garnered participation from esteemed guests and key distributors from all over India. The event was graced by prominent […] Read more
