Green Stocks 27 August: Waaree Renewable Price Sees 5% Rise Updated On Tue, Aug 27th, 2024 by Saurenergy After a long hiatus, nine out of eleven stocks saw a rise in prices, with Waaree Renewable Technologies taking the top spot with a 5% increase. This was followed by JSW Energy, which saw a 2.49% jump, and Tata Power, which experienced a 1.31% rise. Wind energy companies Suzlon Energy and Inox Wind Energy also […] Read more
UltraTech Secures $500mn Financing For Sustainability Initiatives Updated On Tue, Aug 27th, 2024 by Saurenergy UltraTech Cement Limited (UltraTech) recently raised $500 million through a sustainability-linked loan, with participation from six banks. Sumitomo Mitsui Banking Corporation (SMBC) acted as the sole Sustainability Coordinator for this transaction and served as the exclusive advisor on UltraTech’s Sustainability-Linked Financing Framework. The primary lenders in the transaction include SMBC, SBI, BNP Paribas, DBS, MUFG, […] Read more
IB Solar Likely To Launch TOPCOn-Based Modules By Oct: Abhinav Mahajan Updated On Mon, Aug 26th, 2024 by Saurenergy What are the main products IB Solar is offering to the Indian solar market currently? Right now, we have a total solar module manufacturing capacity of 500 MW. We are set to add 900 MW of additional capacities in the next six months. We expect our cumulative solar module manufacturing capacity to reach approximately 1.4 […] Read more
RMC Green Energy Gets 50 MW RE Park Project In Rajasthan Updated On Wed, Aug 21st, 2024 by Saurenergy RMC Green Energy Pvt. Ltd. has recently secured approval to establish a 50 MW Renewable Energy Park in Rajasthan. A subsidiary of RMC Switchgears Limited, the company received the green light from the Rajasthan Renewable Energy Corporation under the Rajasthan Renewable Energy Policy 2023. This milestone marks a significant step for RMC Green Energy as […] Read more
Continuum Green Energy Secures $150Mn To Deploy RE Projects Across India Updated On Tue, Aug 20th, 2024 by Saurenergy Continuum Green Energy (Continuum), a leading renewable energy group in India serving commercial and industrial consumers, has entered into a definitive agreement with Just Climate. Under this agreement, Just Climate will invest Rs. 12.56 billion (approximately US$ 150 million) in new equity to support Continuum’s ongoing deployment of wind-solar-hybrid energy generation and storage projects across […] Read more
Ruloans, UGRO Capital Foray Into Rooftop Solar Financing Biz Updated On Tue, Aug 20th, 2024 by Saurenergy Ruloans, a credit distribution company in India, entered into a partnership with UGRO Capital, a DataTech MSME-lending platform, to tap into the growing renewable energy finance market. Ruloans is a direct sales agent (DSA) for all financial services, including loans, credit cards, and insurance. It recently added rooftop solar finance products into its loan portfolio […] Read more
A 15% Dip In BESS Costs Can Halt New Coal Power Growth: EMBER Updated On Tue, Aug 20th, 2024 by Saurenergy A new modelling by the global think tank Ember and TERI highlights the crucial role of declining Battery Energy Storage System (BESS) project costs. This analysis underscores that faster BESS cost reductions will be a key driver for an effective coal phase-down in India’s power sector. The report lays out different possible stages of a […] 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
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
