Sterling & Wilson Renewable Reports Rs 421 Cr Loss in March Qtr Updated On Fri, Apr 21st, 2023 by Saurenergy Renewable engineering, procurement and construction (EPC) solutions provider Sterling and Wilson Renewable Energy has released its financial results for the quarter ended March. The company clearly continues to ‘clean up’ after Reliance joined as a promoter group, with consolidated revenue having dipped 92% Y-O-Y, pegged at Rs 421.11 cr. The firm has exited businesses, contracts […] Read more
PFC Approves Rs 633 Cr Loan for Deployment of 5000 EV Cabs, 1000 EV Cargo Vehicles Updated On Fri, Apr 21st, 2023 by Saurenergy CPSU under the Ministry of Power, Power Finance Corporation (PFC) has given a loan sanction worth Rs 633 crore to Gensol Engineering Ltd. This loan will facilitate the purchase of 5,000 passenger electric vehicles and 1,000 cargo EVs. Gensol Engineering delves into the commissioning of solar projects in India and abroad and is a maker […] Read more
Siemens Gamesa To Supply Turbines For 1.5 GW Baltic 2 Sea Project Updated On Fri, Apr 21st, 2023 by Saurenergy Global renewable energy conglomerates Ørsted and PGE Baltica have selected wind turbine major Siemens Gamesa for turbine supply for the Baltica 2 offshore wind project in the Baltic Sea. It will be supplying for one of the two stages of the wind energy project that will help Poland’s offshore wind industry to make giant leaps […] Read more
Wartsila Wins Contract For Delivering Australia’s Largest Energy Storage Project Updated On Thu, Apr 20th, 2023 by Saurenergy Origin Energy has selected technology group Wartsila as their preferred contractor to deliver energy storage solutions for Australia’s largest energy storage projects in the first phase. The project in its first phase has plans to have 460 Megawatt (MW) and 920 MW of energy storage systems. These Eraring batteries will be stationed at Origin’s Power […] Read more
BorgWarner Increases South Carolina Battery Production by 3GWh Updated On Thu, Apr 20th, 2023 by Saurenergy America’s one of the leading automotive supplier BorgWarner has announced that will be investing $42 million into the expansion of its Seneca, South Carolina production facility. The investment will be allocated to building and equipment upgrades as well as the development of new manufacturing lines to launch the production of 3GWh of annual battery module […] Read more
EBRD Loans $200 Million to Turkish Renewable Energy Developer Updated On Thu, Apr 20th, 2023 by Saurenergy The European Bank for Reconstruction and Development (EBRD) is providing a loan of $200 million to Turkey’s Borusan EnBW Enerji Yatirimlari ve Uretim to help the firm strengthen its financial position and invest in renewable energy sector with gender inclusion. The funds are being provided by EBRD under a syndicated structure with the Netherlands Entrepreneurial […] Read more
Lithuanian firm AEI Raises EUR 92 Million For Renewable Energy Investments Updated On Thu, Apr 20th, 2023 by Saurenergy Lithuania based investment company Atsinaujinančios Energetikos Investicijos (AEI) has announced that it has raised EUR 92 million in past two years and the investments will be made in the renewable energy sector. AEI is managed by Lords LB Asset Management. The company has made investments in the development of solar power plants in Poland and […] Read more
BPCL Targets 240 MW Renewables Expansion This Fiscal Updated On Thu, Apr 20th, 2023 by Saurenergy Public sector fuel marketing major Bharat Petroleum Corporation (BPCL) is mulling for the development of 240-MW of renewable power capacity this fiscal year of 2023-24. A senior official of BPCL held that the renewable expansion of the firm will be achieved at the cost of Rs 1600 crore. BPCL was in line for divestment by […] Read more
Novalith Technologies Raises AU$23 Million to Revolutionise Lithium Production Updated On Wed, Apr 19th, 2023 by Saurenergy Sydney based Novalith Technologies has raised AU$23 million in Series A funding with an objective to revolutionise the production of lithium for EV sector from sources. The company claims to be the creator of a novel lithium extraction process that will unlock vast resources and deliver them without the environmental toll of traditional approaches. Led […] Read more
