Ministry of Coal To Employ Surplus Land For Green Energy Projects Updated On Mon, Oct 30th, 2023 by Saurenergy The Ministry of Coal and the Ministry of New & Renewable Energy (MNRE) have joined hands to work for the promotion of green energy. The decision was arrived at during secretary-level joint meeting between the two ministries. The MNRE will offer technical, policy and capacity building support, technicians and other functionaries through National Institute of […] Read more
NTPC Ltd Reports 13 Percent Rise In PAT In H1 of FY24 Updated On Sun, Oct 29th, 2023 by Saurenergy NTPC Limited in its latest financial results declared a 13 percent increase in its Profit After Tax (PAT) during the first half (H1) of FY24 on a standalone basis. The central Public Sector Utility (PSU) said that its PAT for H1 FY24 was Rs 7,951 crore as against Rs 7,048 crore in H1 FY23. Meanwhile […] Read more
Inlyte Gets $8 M For Cheap, Grid Scale Iron and Sodium Batteries Updated On Fri, Oct 27th, 2023 by Saurenergy Berkeley, California based Inlyte Energy announced its $8 million seed funding to be used to develop the first generation of its grid batteries made with the most abundant materials – iron and table salt. Inlyte’s solution leverages the proven design of the previously-commercialized sodium metal halide battery to create an energy storage system with high efficiency, […] Read more
SPDA Chalks Out New Brand Identity Updated On Fri, Oct 27th, 2023 by Saurenergy SPDA, or the Solar Power Developers Association, an independent industry association committed towards promoting the renewable energy space, has made a strategic decision to rebrand itself as ‘Sustainable Projects Developers Association’ (SPDA). The new brand identity reflects the association’s transition from representing pure-play renewable energy developers to that of representing end-to-end provider of solutions across […] Read more
REMCL is Selecting Project Developers for 750 MW RTC Power Updated On Fri, Oct 27th, 2023 by Saurenergy Railway Energy Management Company (REMC) Ltd., a subsidiary of RITES Ltd, for and on behalf of Indian Railways, has invited bids in single stage two packet system for selection of project developers for supply of 750 MW Round-the-Clock (RTC) power from grid-connected renewable energy (RE) power projects, with or without storage. The last date and […] Read more
EV Maker Ola Takes Home INR 3,200 in Fundraising Round Updated On Fri, Oct 27th, 2023 by Saurenergy Bengaluru’s electric vehicle firm Ola Electric has closed INR 3,200 crore in its fundraising round. The funds were raised from from marquee investors led by Singapore-based Temasek and project debt from State Bank of India respectively. The funds would be used be employed towards the expansion of Ola’s EV business and the establishment of a […] Read more
Waaree Renewable Q2 Results Stay Strong With 24% Growth YoY Updated On Thu, Oct 26th, 2023 by Saurenergy Waaree Renewable Technologies Limited, the Solar EPC /IPP subsidiary of Waaree Group, a solar developer that finances, constructs, owns and operates solar projects, has reported its unaudited financial results for the quarter ended September 30, 2023. The firm which has moved to a much faster growth path since 2021-22, has delivered a strong set of […] Read more
Bids For Standalone Wind In Tranche XIV In June 2023 Awarded Between INR 3.18-3.24 Per kWh: GWEC Updated On Thu, Oct 26th, 2023 by Saurenergy The India’s Wind Energy Market Outlook 2023-2027 released by the Global Wind Energy Council, says that by the end of 2022, total renewable energy installed in India stood at 121 GW of total installations with wind contributing 35% of this, making India the fourth-largest wind market in the world, in terms of cumulative installed capacity. […] Read more
SOFAR Serves Up PV & ESS Solutions at All Energy 2023 In Australia Updated On Thu, Oct 26th, 2023 by Saurenergy SOFAR, a leading provider of all-scenario PV & ESS solutions, presented its latest solar and storage solutions with PowerMagic leading the show at the All Energy exhibition in Australia , solidifying its presence in the Australian solar market. Australia is seeing rapid growth on commercial energy storage installations as business owners strive to make the […] Read more
