Alpex Solar Net Profit Increases 680% YoY After IPO Updated On Tue, May 28th, 2024 by Saurenergy Alpex Solar Limited has released its yearly financial statements since its successful IPO on February 15, 2024, is this year. Net earnings for the company increased by 680 percent from INR 3.72 crore in FY23 to INR 29.05 crore in FY24. Operational revenues for the company increased to INR 404.43 crore from INR 182.69 crore […] Read more
India’s Solar Energy Sector And Opportunities for Startups and Entrepreneurs Updated On Tue, May 28th, 2024 by Saurenergy India’s solar energy sector is experiencing a remarkable transformation, creating abundant opportunities for startups and entrepreneurs. With the government’s ambitious targets and supportive policies, this sector is becoming a hotspot for innovation and investment. Growing Solar Capacity India aims to achieve 300 GW of solar capacity by 2030, a significant leap from its current capacity […] Read more
CEA Sees Limited Market Impact From US Policy Decisions On Solar Imports Updated On Mon, May 27th, 2024 by Saurenergy US based clean energy advisory firm Clean Energy Associates (CEA) has come out with a report detailing the likely impact of US actions on imports of solar equipment from China. While highlighting the limited nature of impact from here on, CEA’s analysis does have some interesting pointers to the future. CEA divided its assessment based […] Read more
Soleos Solar Energy Secures Rs 48.5 Crore Renewable Energy Funding Updated On Thu, May 23rd, 2024 by Saurenergy Soleos Solar Energy has announced that it has raised Rs 48.5 crore for portfolio development and working capital for the renewable energy business. According to a release from Soleos Solar Energy, participants in the investment round included Faruk G Patel, CMD of KP Group, Pawan Agarwal, Head of PCG at InCred Capital, Madhuri Madhu Kela, […] Read more
China’s World Beating Solar Manufacturers Struggle To Make Profits As Prices Continue Freefall Updated On Mon, May 20th, 2024 by Saurenergy In a situation that has gone from concern, to worrisome to almost panic level some might say, China’s solar manufacturing juggernaut faces a period of low to no profits thanks to prices that have crashed to unprecedented levels. Taiwan-based Infolink Consulting, which tracks solar supply chain prices in China and beyond, in its latest report […] Read more
US To Invest $71 Million In Supporting Solar Manufacturing Research Updated On Mon, May 20th, 2024 by Saurenergy U.S. Department of Energy (DOE) has announced a $71 million investment, including $16 million from the President’s Bipartisan Infrastructure Law, in research, development, and demonstration projects to grow the network of domestic manufacturers across the U.S. solar energy supply chain. The selected projects will address gaps in the domestic solar manufacturing capacity for the supply […] Read more
US-Based Flexible Solar Firm Active Surfaces Secures $5.6M Funding Updated On Tue, May 14th, 2024 by Saurenergy US-based Active Surfaces, a flexible solar panel startup spun out from MIT, raised $5.6 million in an oversubscribed pre-seed funding round. The round was led by Safar Partners, a deep-tech venture capital fund. Additional participants—include QVT, Lendlease, Type One Ventures, Umami Capital, Sabanci Climate Ventures, New Climate Ventures, SeaX Ventures, and others—reflect a diverse support […] Read more
Grew Energy To Set Up 3.2 GW Solar Module Manufacturing Facility In J&K Updated On Fri, May 10th, 2024 by Saurenergy Grew Energy Pvt Ltd – a flagship venture of the Chiripal Group – is all set to establish a three-stage fully backward integrated solar module manufacturing unit in Jammu & Kashmir. With a commitment to invest 4500 Cr, upon completion, this ultra-modern facility will have an annual capacity of producing 3.2GW high-efficiency solar modules and […] Read more
Top 5 States Spearheading Rooftop Solar in India Updated On Thu, May 9th, 2024 by Saurenergy India has made strides in new solar capacity addition in the last few years. However, a considerable gap exists between rooftop solar (RTS) and utility-scale solar installations. Despite existing national and state-level schemes promoting rooftop solar, including the National Rooftop Scheme and state government subsidies, participation rates remained low. This is mostly because of the […] Read more
