Musashi, Delta and Toyota in JV For EV Drives Updated On Wed, Sep 27th, 2023 by Saurenergy Musashi Auto Parts India Pvt Ltd (Musashi), a 100% owned subsidiary of Musashi Seimitsu Industries, Japan and a leading manufacturer of two-wheeler and four-wheeler transmission components in India, has entered into a joint venture with Delta Electronics, Inc. (Delta) and Toyota Tsusho Corporation (Toyota Tsusho) to sell EV drive units for two-wheeled vehicles in India. […] Read more
US Continues to Break Storage Records, With 5.5 GWh Added In Q2 2023 Updated On Wed, Sep 27th, 2023 by Saurenergy A report from Wood Mackenzie and the American Clean Power Association states that the U.S. added 5,597 MWh of energy storage in Q2 2023, a new quarterly record. The storage boom has been fueled by a sharply rising share of renewable energy, as well as incentives at state level as well as now, through the […] Read more
Pexapark Infused with Funding Worth €20m in Series C Round Updated On Tue, Sep 26th, 2023 by Saurenergy Pexapark, a Switzerland-based firm that helps make PPAs for renewables, has been injected with funding worth €20m in Series C round. The fresh funding round was led by Telstra Ventures, a global investor in technology. It also saw participation from Swisscom Ventures and the A&G Energy Transition Tech Fund. “This fresh injection of capital takes […] Read more
EIB’s €200 Million Loan To CTP To Finance Its Ambitious Solar Energy Roll-Out Updated On Thu, Sep 21st, 2023 by Saurenergy European renewable energy conglomerate CTP has announced that it has secured €200 million in financing from the European Investment Bank (EIB) for the roll-out of its large-scale programme of solar panel installation across its European business park portfolio. CTP is Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable […] Read more
India’s Li-Ion Market Will Touch CAGR of 14.8% in 2023-’28: IMARC Updated On Tue, Sep 19th, 2023 by Saurenergy A study by IMARC Group, called “Indian Lithium-Ion Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” makes interesting observations about India’s lithium-ion battery market. As per the study, the Li-Ion market of the country reached US$ 2.5 Billion last year. The study says that the market will touch US$ 5.9 Billion by […] Read more
Alight to Mark Entry into Finnish Market with Over 100 MW Solar Park Updated On Tue, Sep 19th, 2023 by Saurenergy Europe’s solar developer and Independent power producer, Alight has revealed that it is set to mark its entry into the Finland with a solar park project of over 100 MW, helping with the yearly energy needs of close to 20,000 homes. The ground-mounted project will spread to an area of more than 123 hectares located […] Read more
RE+ Las Vegas- Solar Shines Brightest In the US Updated On Tue, Sep 19th, 2023 by Saurenergy At the recently concluded RE+ show in the US, the largest such show for renewable energy, particularly solar in that country, the response was massive. That is understandable, considering the fact that the US is well on its way to having a blockbuster 2023 in terms of new solar capacity additions. 32 GW is set […] Read more
Trina Solar To Set Up US Plant To Hedge Against Tariff Risks Updated On Mon, Sep 18th, 2023 by Saurenergy Trina Solar, which has come off a record H1 in revenues and profits, has decided to spend USD200 million on a solar panel plant in Texas, the United States. The move comes even as Chinese firms remain embroiled in tariff related issues for sales in the US, a key export market. Earlier, Trina has also […] Read more
Gensol Acquires Majority Stake In Solar Tracker Firm Scorpius Updated On Mon, Sep 18th, 2023 by Saurenergy Gensol Engineering has now announced acquiring a majority stake in Scorpius Trackers, a single-axis solar tracker company. In its latest self-disclosure before the Bombay Stock Exchange (BSE), the company has announced the acquisition of 54.38 percent shares of Scorpius and voting rights in the company. Gensol Engineering Limited is a part of the Gensol group of […] Read more
