Bengaluru-Based EV Startup Pravaig Dynamics To Export Batteries To Greece Updated On Wed, Feb 21st, 2024 by Saurenergy Bengaluru-based electric vehicle startup Pravaig Dynamics has announced that it won a deal to export its energy storage systems for solar farms in Greece, according to a report by the news agency PTI. This has been a breakthrough for an Indian company in the highly competitive renewable energy market in Europe. Pravaig, which manufactures high-precision […] Read more
ReNew Announces Q3 Results With Net Loss Of Rs 3,216 Million Updated On Wed, Feb 21st, 2024 by Saurenergy Gurugram based ReNew Energy Global Plc, a leading decarbonization solutions company, has announced its unaudited consolidated IFRS results for the third quarter of FY-2024 and nine months ended December 31, 2023. ReNew has released the operating highlights. The firm says that as of December 31, 2023, the portfolio of ReNew consisted of 13.8 GW, of […] Read more
New Rooftop Subsidy Only For Applications Post Feb 13-MNRE Updated On Wed, Feb 21st, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE), in a fresh update on Geb 20, has declared that only applications received after Feb 13, 2024 will be considered for Central Financial Assistance (CFA) under the PM Surya Ghar Muft Bijli Yojana. The move comes even as demand is expected to skyrocket for solar rooftops under […] Read more
IREDA To Establish Subsidiary For Retail Finance Updated On Wed, Feb 21st, 2024 by Saurenergy In a clear sign of its determination to go it alone if required for achieving solar rooftop targets, the Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Ltd. (IREDA), Pradip Kumar Das has confirmed IREDA’s plans for establishing a subsidiary to cater to retail projects encompassing Rooftop Solar, PM-KUSUM, Electric Vehicles, and other […] Read more
PM Modi Launches Four RE Projects By Torrent Power At UP Summit Updated On Wed, Feb 21st, 2024 by Saurenergy At the recently held UP investors summit, Prime Minister Narendra Modi laid the foundation stone for four projects with an investment of approx. ₹ 25,000 crores being developed by Gujarat based Torrent Power in Uttar Pradesh. The Torrent Group’s four projects were launched during GroundBreaking Ceremony (GBC) 4.0, held at Lucknow when the Prime Minister […] Read more
Balance Power 40MW Battery Project Gets Planning Approval in UK Updated On Tue, Feb 20th, 2024 by Saurenergy United Kingdom-based renewable energy developer Balance Power‘s 40MW battery storage project in Cheshire, England has received the planning approval. The project, located in Cheadle, will store renewable energy at times of peak generation and export it back onto the grid when demand is high, balancing intermittency, according to the press release. The storage facility will […] Read more
CIP’s Haewoori Offshore Wind Awards 1 GW Contract To Principle Power And Aker Solutions Updated On Tue, Feb 20th, 2024 by Saurenergy Norway-based renewable energy company Aker Solutions has been awarded a front-end engineering and design contract for Haewoori Offshore Wind 2 (500MW) and 3 (500MW), Copenhagen Infrastructure Partner’s floating offshore wind projects off the coast of Ulsan, Korea. According to the press release, Aker Solutions will coordinate the design and delivery of the floating foundation structures […] Read more
Environmental Reason Behind Shift to EVs, Buyers In India Worried About Charging Time: Report Updated On Tue, Feb 20th, 2024 by Saurenergy The latest Global Automotive Consumer Study by Deloitte shows that when it comes to the usage of electric vehicles battery-related concerns persist higher among Indian consumers. The study showed that around 43 percent of car buyers in India say the time required to charge an electric vehicle is one of the greatest concerns regarding EVs. […] Read more
Sembcorp RE Acquisition In China, India Rose By 42% YoY In 2023 Updated On Tue, Feb 20th, 2024 by Saurenergy Singapore-based Sembcorp Industries (Sembcorp) recently posted a strong performance for the year of 2023 (FY2023). They recently announced that they made a turnover of S$7.0 billion compared to S$7.8 billion in FY2022. Sembcorp said, “The group net profit before exceptional items (EI) grew 38% year-on-year to S$1.0 billion from S$739 million in FY2022, with higher […] Read more
