Budget 2024: CareEdge Ratings Bats For More Support For Renewables Updated On Fri, Jul 19th, 2024 by Saurenergy CareEdge Ratings in its latest report on Budget expectations talked about the need to reduce the Goods and Services tax (GST) on renewable energy components upto 5 percent to boost the sector. This comes days before the announcement of the Union Budget by Finance Minister Nirmala Sitharaman. CareEdge in its report talked about the need […] Read more
Global Battery Demand Can Quadruple To 4,100 GWh By 2030, Says Report Updated On Fri, Jul 19th, 2024 by Saurenergy Global battery demand is expected to quadruple to 4,100 gigawatt-hours (GWh) between 2023 and 2030 as electric vehicle (EV) sales continue to rise. As a result, OEMs must hone in on their battery strategies, according to a new report by Bain & Company. Over 250,000 electric cars were sold globally every week in 2023, more […] Read more
HPPCL Issues Tender For 13 MW Solar Project In Solan Updated On Fri, Jul 19th, 2024 by Saurenergy The Himachal Pradesh Power Corporation Limited (HPPCL) has now released a tender seeking bids to set up a 13 MW (AC) solar project in Sanerh, Solan in Himachal Pradesh. HPPCL invited bids to design, supply, and construct the project which is expected to be completed in the next eight years. The last date and time […] Read more
Repsol, EDF Ink Deal For Offshore Wind Project In Spain & Portugal Updated On Fri, Jul 19th, 2024 by Saurenergy Repsol and EDF Renewables reached an agreement to join forces in view of the future offshore wind tenders in Spain and Portugal, given that the Iberian Peninsula offers significant growth opportunities. To develop its portfolio of renewable projects, the company has set an investment framework of between €3 and €4 billion net until 2027. Repsol […] Read more
HYLENR Uses Cold Fusion Technology To Generate Clean Energy Updated On Thu, Jul 18th, 2024 by Saurenergy Hyderabad-based Startup HYLENR’s built cold fusion technology to generate clean energy. This innovation received a patent from the government of India for its low-energy nuclear reactor technology. HYLENR’s low-energy nuclear reactor can serve as an alternative for power generation, by amplifying input electricity to produce heat for Space Applications (MMRTG), Steam generation for multiple applications, […] Read more
Sungrow, Hero Future Energies Ink 850 MW Supply Agreement Updated On Thu, Jul 18th, 2024 by Saurenergy Sungrow signed a strategic agreement with Hero Future Energies (HFE), to supply 850 MW of inverters, expanding its presence in clean energy space. Sungrow a PV inverter and energy storage system provider for renewables signed an agreement with Hero Future Energies (HFE), the renewable energy arm of Hero Group. Through this agreement, the company claims […] Read more
Q1 Results: Sterling & Wilson Reports Profit, Gets Rs 2,170cr Orders Updated On Thu, Jul 18th, 2024 by Saurenergy Sterling and Wilson Renewable Energy Limited (SWREL) in its first quarterly results for financial year 2025 (FY25), reported profits with a continued revenue growth of 78% (year-over-year) YoY. The renewable EPC received a order inflow of Rs. 2,170 crores and claims to receive a strong rebound in its revenue in Q4 FY24. continues its growth […] Read more
July 18: Nifty, Green Stocks Diverge Completely Updated On Thu, Jul 18th, 2024 by Saurenergy On a day when the Nifty Index diverged significantly from the small-cap and midcap indexes, our basket of green stocks, most of which are in the latter two, suffered. Other than EPC player KPI Green Energy, which has just gone for a stock split, and was locked at the upper circuit, every green stock in […] Read more
Indian Wind Sector Prone To Cybersecurity Risks: NITI Aayog Report Updated On Thu, Jul 18th, 2024 by Saurenergy A recent report by NITI Aayog identified emerging concerns in cybersecurity for the Indian wind sector due to the import of components for the wind sector, particularly from China, by the Wind Turbine Original Equipment Manufacturers (OEMs). The report proposes a multi-pronged approach integrating policy interventions, manufacturing support, and robust cybersecurity measures. Given the increasing […] Read more
