HPL Electric Reports Robust Numbers for Q4 of 2018-19 Updated On Wed, May 22nd, 2019 by Saurenergy Noida-based HPL Electric and Power Limited has reported a strong set of numbers for the quarter ending March 2019. The firm, which has a diversified portfolio in the electrical equipment sector, reported a 73% profit growth, on revenue growth of 12.1 %, for the full year. Thus, final revenues for the year came in at […] Read more
Vestas Launches New Turbine Targeting Cheaper US Wind Farms Updated On Wed, May 22nd, 2019 by Saurenergy Danish wind energy major, Vestas has launched a new wind turbine with aims to meet the market constraints and reduced LCoE demands of the US wind power sector. Following the launch of the EnVentus platform in January, including the V162-5.6 MW and V150-5.6 MW turbines, the company introduced the V138-3.0 MW turbine. Based on the […] Read more
Haryana Open Access Move Shows High Potential From C&I market for Renewables Updated On Wed, May 22nd, 2019 by Saurenergy With Amplus Energy announcing a 750 crore investment to establish 150 MW of solar capacity in Haryana, the C&I (corporate and industrial) market has a new state to cheer for. The announcement by Amplus follows the change to the state rules brought in by the Haryana Renewable Energy Development Agency (HAREDA) in March 2019, when […] Read more
Reden Solar Acquires Solar Plants Worth 50 MW to Enter Portuguese Market Updated On Mon, May 20th, 2019 by Saurenergy The French Solar IPP has decided to continue its European development in Portugal, banking on the favourable economic prospects and the country’s strong commitment to renewable energy. French Solar IPP, Reden Solar has decided to continue its European development in Portugal, banking on the favourable economic prospects and the country’s strong commitment to renewable energy. […] Read more
Panasonic Launches Smart EV Charging Service ‘Nymbus’ in India Updated On Mon, May 20th, 2019 by Saurenergy Japanese electronic major, Panasonic has launched the first of its kind smart EV charging service in India – Nymbus. A futuristic charging service combines physical components such as charging stations, swap stations, onboard charges, telematics systems and the virtual components like cloud service, analytics, intuitive dashboard, and artificial intelligence to deliver a one-stop solution. It […] Read more
Residential Storage Market Project to Reach $17.5 Bn by 2024 Updated On Thu, May 9th, 2019 by Saurenergy A new report has revealed that the global residential energy storage market is projected to reach USD 17.5 billion by 2024 from an estimated USD 6.3 billion in 2019, at a CAGR of 22.88% during the forecast period. The report released by market research solutions firm ReportLinker revealed that this growth is attributed to factors such as declining […] Read more
Piramal to Co-Sponsor $600 Mn Renewable Investment Trust with Canadian Pension Fund Updated On Tue, May 7th, 2019 by Saurenergy Both PEL and CPPIB will act as Co-Sponsors of the proposed InvIT and hold up to 75% of the units and seek to raise capital from other like-minded investors for the remaining 25%. Piramal Enterprises Limited (“PEL”) today signed a Memorandum of Understanding (MoU) with Canada Pension Plan Investment Board (“CPPIB”), a Canadian pension fund, […] Read more
Govt. Launches Phased Manufacturing Programme to Aid the Domestic EV Market Updated On Tue, May 7th, 2019 by Saurenergy The Government of India has launched the Phased Manufacturing Programme (PMP) to promote indigenous manufacturing of electric vehicles, its assemblies/sub-assemblies and parts/subparts/inputs of the sub-assemblies thereof. The Government approved the National Mission on Electric Mobility in 2011 and subsequently the National Electric Mobility Mission Plan 2020 was unveiled in 2013 by the then Prime Minister. […] Read more
Munzer Bharat. How an Austrian Firm Picked India for Its First Global Plant Updated On Mon, May 6th, 2019 by Saurenergy Munzer BioIndustrie, a family-owned firm from the little known town of Sinabelkirchen, near Vienna in Austria, finally got going in India this year, with its first BioDiesel plant starting pilot tests. Here is how, why and what the company expects to achieve with its Indian venture. The start of Munzer Bharat Private Limited itself has […] Read more
