EV Maker Ola Takes Home INR 3,200 in Fundraising Round Updated On Fri, Oct 27th, 2023 by Saurenergy Bengaluru’s electric vehicle firm Ola Electric has closed INR 3,200 crore in its fundraising round. The funds were raised from from marquee investors led by Singapore-based Temasek and project debt from State Bank of India respectively. The funds would be used be employed towards the expansion of Ola’s EV business and the establishment of a […] Read more
Waaree Renewable Q2 Results Stay Strong With 24% Growth YoY Updated On Thu, Oct 26th, 2023 by Saurenergy Waaree Renewable Technologies Limited, the Solar EPC /IPP subsidiary of Waaree Group, a solar developer that finances, constructs, owns and operates solar projects, has reported its unaudited financial results for the quarter ended September 30, 2023. The firm which has moved to a much faster growth path since 2021-22, has delivered a strong set of […] Read more
MoP Warns States Against Levying Charges On Power Generation Updated On Thu, Oct 26th, 2023 by Saurenergy The Ministry of Power (MoP) has now issued an order asking states to not levy any additional charges on the generation of electricity from any source ranging from hydropower, thermal to renewable. The ministry even termed the events as “unconstitutional and illegal”. “It has come to the notice of the Government of India that some State Governments […] Read more
Bids For Standalone Wind In Tranche XIV In June 2023 Awarded Between INR 3.18-3.24 Per kWh: GWEC Updated On Thu, Oct 26th, 2023 by Saurenergy The India’s Wind Energy Market Outlook 2023-2027 released by the Global Wind Energy Council, says that by the end of 2022, total renewable energy installed in India stood at 121 GW of total installations with wind contributing 35% of this, making India the fourth-largest wind market in the world, in terms of cumulative installed capacity. […] Read more
New York Government Clears the Path for 6.4 GW Clean Energy Projects Updated On Thu, Oct 26th, 2023 by Saurenergy The New York state government has announced a slew of initiatives that are set to accelerate capacity additions of renewable energy massively. Notable among these are Community Offshore Wind and Clean Path NY. In a recent announcement that further sets an optimistic tone for New York renewable energy industry, the government has given a green […] Read more
NYSERDA Awards 1.3 GW Wind Capacity Under Community Offshore Initiative Updated On Thu, Oct 26th, 2023 by Saurenergy New York has provisionally awarded a Community Offshore Wind contract worth 1.3 GW. A joint venture between RWE and National Grid Ventures, Community Offshore Wind will be developed under a phase-wise approach within Community Offshore Wind’s 3.2 GW seabed lease in the New York Bight. The seabed lease was acquired during federal bidding by the […] Read more
Enerture Bags HPCL PV Projects of 15.5 MW Capacity Updated On Thu, Oct 26th, 2023 by Saurenergy Enerture Technologies Pvt Limited has bagged two captive projects from Hindustan Petroleum Corporation Limited (HPCL) for a cumulative capacity of 15.5 MW capacity. This consists of a 6.5 MW project bagged in Jhansi and a 9 MW project in Panipat. HPCL is a Government of India enterprise with a Maharatna Status. The cost of the […] Read more
SOFAR Serves Up PV & ESS Solutions at All Energy 2023 In Australia Updated On Thu, Oct 26th, 2023 by Saurenergy SOFAR, a leading provider of all-scenario PV & ESS solutions, presented its latest solar and storage solutions with PowerMagic leading the show at the All Energy exhibition in Australia , solidifying its presence in the Australian solar market. Australia is seeing rapid growth on commercial energy storage installations as business owners strive to make the […] Read more
Electric Bus Maker PMI Raises Rs 250cr To Boost Green Mobility Updated On Thu, Oct 26th, 2023 by Saurenergy Indian Electric Bus Maker PMI Electro Mobility has now raised Rs 250 crore investment from Piramal Alternatives. The move will likely help the electric mobility player boost green mobility in the country. The financial partner-Piramal Alternative announced the move. “We’re happy to announce that PMI Electro Mobility has secured INR 250 Cr investment from the […] Read more
