Q1 Results: ReNew Sees 86% Decline In Net Profits Updated On Fri, Aug 16th, 2024 by Saurenergy Renewable energy company ReNew today announced the financial results (unaudited) of first quarter of financial year 2024-25. The NASDAQ-listed company said that it has seen a surge in its operating capacity by around 24 percent Year on year. ReNew’s clean energy contracted portfolio was ~15.6 GW as of Aug 15, 2024. The company said that […] Read more
FY25: Waaree Renewable Looks Forward With 2.4 GW Orders Updated On Fri, Aug 16th, 2024 by Saurenergy Waaree Renewable, the EPC arm of the Waaree Group, is now buoyed with a total of 2.4 GW of order book. The company, overwhelmed with its recent orders and its increased interest in government tenders now also expects a plum business for the solar EPC companies in India. The renewable company attributed this to the […] Read more
Delhi’s Grid Flexibility To Cut Peak Demand By 4 GW: RMI Updated On Wed, Aug 14th, 2024 by Saurenergy RMI’s recent report highlighted changes in Delhi’s power grid system, which has utilized grid flexibility technologies to manage and mitigate increasing demand peaks in the city. RMI estimates suggest that by 2030, Delhi could reduce 250–1,350 megawatts (MW) of peak demand through air conditioning (AC) demand response (DR) programs. It is estimated that grid flexibility […] Read more
India May Add 30 GW Of Renewable Capacities In 2024-25 Updated On Wed, Aug 14th, 2024 by Saurenergy India seems to be racing towards achieving a record-breaking renewable capacity addition number in 2024-25. The rise in pace of solar and wind energy installations in the first seven months of calendar year 2024 indicates every probability of record capacity additions. This will follow a strong show in 2023, when 18.5 GW of renewable energy […] Read more
India’s RE Storage On Course For 6 GW By Fiscal 2028: CRISIL Updated On Wed, Aug 14th, 2024 by Saurenergy CRISIL Ratings estimates that India’s renewable energy (RE) storage capacity could surge to 6 GW by fiscal 2028, up from less than 1 GW operational as of March 2024. It attributes this prospective growth to the increase in the pipeline of projects under implementation and an expected healthy pace of auctions. It also noted that […] Read more
Change In FDRE Bidding Norms Can Aid RE Growth: EMBER Updated On Wed, Aug 14th, 2024 by Saurenergy EMBER recently released a policy paper highlighting the importance of changing the approach to bidding in the FDRE tenders to increase renewable energy (RE) capacity growth in India. It also stated that it’s unfair to make developers responsible for handling the unpredictable nature of renewable energy in contracts and that this should be rethought. EMBER […] Read more
Waaree Energies Secures 90 MW Contract From Juniper Green Updated On Tue, Aug 13th, 2024 by Saurenergy Indian solar module manufacturers Waaree Energies has now secured a 90 MW order to supply of 540/545Wp dual glass bifacial modules to Juniper Green for their solar project in Bikaner, Rajasthan. Sunil Rathi, Director Sales, Waaree Energies said, “We are glad to have won this order of Juniper for this project represents a significant stride […] Read more
Gensol Q1 Results- Revenues Up 105% at ₹297crores, Order Book At ₹5,025 Crore Updated On Tue, Aug 13th, 2024 by Saurenergy Gensol Engineering Limited, a prominent player in the renewable energy sector specializing in solar engineering, procurement, and construction (EPC) services, along with electric mobility solutions (BluSmart), today announced its consolidated and standalone financial results for the quarter ended June 30th, 2024 (Q1 FY25). Q1 FY25 Highlights: Total Revenue was ₹297 Crore for Q1 FY25 compared to ₹145 Crore in Q1 […] Read more
Avaada Signs MoU To Develop 2750 MW Of PSPs In Maharashtra Updated On Mon, Aug 12th, 2024 by Saurenergy Indian renewable project developer Avaada Group has now announced signing of a Memorandum of Understanding (MoU) with the Maharashtra government for the development of two Pumped Storage Projects (PSPs) with a combined capacity of 2,750 MW. This comes at a time when several leading companies in India like Adani Green, Greenko and others are showing […] Read more
