With 90% Growth In PAT In Q1 FY23, Tata Power Rides 48% Jump In Revenues Updated On Tue, Jul 26th, 2022 by Saurenergy One of India’s largest integrated power companies, Tata Power has today announced its results for Q1FY23 reporting a 90% YoY increase in consolidated quarterly PAT as compared to Q1FY22, registering its 11th consecutive year-on-year quarterly growth in PAT. Quarterly Highlights – Q1FY23 Tata Power’s consolidated PAT before Exceptional Items is up by 90% at ₹884 crore […] Read more
US, India Struggle To Counter China PV Dominance With Support For Domestic Manufacturers Updated On Wed, Jul 20th, 2022 by Saurenergy A few announcements, all in the past 30 days are beginning to prove just how tough it is for countries to counter China’s dominance of the solar supply chain. Notable among these have been moves made, or being contemplated in the US and in India now. These pull backs on actions taken or considered matter, […] Read more
India’s RE May Fall Short Of 2030 Target By 104 GW: GlobalData Updated On Mon, Jul 18th, 2022 by Saurenergy A new report has predicted that current growth trend of renewable energy production may pull India 104 GW short of the 2030 renewables target. 2030 RE target requires India, according to GlobalData, to add more than 38 GW of renewable capacity every year from 2022 to 2030. Ironically, Central Electricity Authority has predicted that India […] Read more
Enphase Energy Joins Hands With Trinity Care Foundation To Support Its ISEIDP Program Updated On Thu, Jul 14th, 2022 by Saurenergy The commissioning of its first project with Trinity Care Foundation’s (TCF) Integrated School Educational Infrastructure Development Program (ISEIDP) has been announced by California-based microinverter manufacturer Enphase Energy. This program is a step by Enphase India in the direction of Corporate Social Responsibility (CSR). The pilot project was launched recently at Karnataka Public School in Kudur, […] Read more
IREDA CMD Sees Potential For a Million Renewable Jobs By 2030 Updated On Wed, Jul 13th, 2022 by Saurenergy Pradip Kumar Das, the Chairman & Managing Director at IREDA (India Renewable Energy Development Agency), one of the earliest and largest renewables focused financial institution, said one can anticipate a million jobs in the renewable energy sector by 2030. Das was speaking at a programme on Renewable Energy Management for cooperatives organised by the Centre […] Read more
Charge Zone Debuts Renewable Energy To Power EV Charging Stations Updated On Tue, Jul 12th, 2022 by Saurenergy Charge Zone, a Gujarat-based provider of electric vehicle charging infrastructure, unveiled its ambitions to use renewable energy to power its high-speed charging network for electric buses and commercial cars across India. As per the company, its goal behind this motive is to achieve Net-Zero and to give clients more sustainable charging options across India. As […] Read more
At Tata Power AGM, 30 GW Capacity Target For 2027 Firmly in Sight Updated On Fri, Jul 8th, 2022 by Saurenergy On the back of a strong set of results in FY 22, Tata Power Chairman Natarajan Chandrasekaran, iterated the firm’s focus on renewables at the Annual general Meeting of shareholders. Capex of Rs 75,000 crores over the next 5 years in renewables is expected the take the share of renewables to over 60% during the […] Read more
China Underlines Renewables Dominance With Best Ever Global Inverter Rankings Updated On Mon, Jul 4th, 2022 by Saurenergy Chinese inverter manufacturers have bagged 6 out of the top 10 spots in the 2021 rankings of global inverter majors by volumes shipped. The rankings, released by IHS Markit, will have come as no surprise to observers, having seen the strong push by these players over the past few years. The only surprise is within […] Read more
World Bank Provides $165 M To Support RE In India’s Residential Sector Updated On Thu, Jun 30th, 2022 by Saurenergy The World Bank Board of Executive Directors on June 28 approved of $165 million in additional financing to support India’s residential sector in adoption of rooftop solar systems and make solar energy more affordable, according to a press release issued by the World Bank. These solar photovoltaic (PV) installations will provide clean, renewable energy, and […] Read more
