Suzlon Q3 Results: Net Profits, EBITDA See A Hike On YoY Basis Updated On Wed, Jan 31st, 2024 by Saurenergy Indian Wind Turbine manufacturer Suzlon announced its financial results for Q3 for FY24. The Pune-based firm reported a 160 percent rise in its net profit in Q3 on a Year-on-Year (YoY) basis. In its filing before the Bombay Stock Exchange (BSE), the publicly listed company reported that its net Profit After Tax (PAT) reached Rs […] Read more
ADB Issues its Largest Local Currency Green Bond in Indian Rupees Updated On Wed, Jan 31st, 2024 by Saurenergy The Asian Development Bank (ADB) has raised 12.5 billion Indian rupees (about $150 million) through its largest local currency green bond issue to date. The issue is structured as a 4-year currency-linked bond, with a bullet repayment at maturity and carrying a fixed interest rate of 6.72% per year, ADB said in a media release […] Read more
CFA Under PM-KUSUM (Comp.-C) To Continue Till Further Orders, Clarifies MNRE Updated On Wed, Jan 31st, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) in the latest notification clarified that the Central Financial Assitance (CFA) for Feeder-Level Solarisation (FLS) under the PM-KUSUM scheme would continue till further notice. The ministry said that the notice was issued in the wake of inquiries from several states on the matter. The ministry said that […] Read more
Delhi Govt Announces ‘Free Electricity’ For Solar Rooftop Users Updated On Mon, Jan 29th, 2024 by Saurenergy Delhi Chief Minister Arvind Kejriwal promised a ‘zero electricity bill’ for energy users who opt for rooftop solar today. The CM said the government had made a special provision in the upcoming Solar Policy to give solar prosumers free electricity in Delhi. The state cabinet recently approved the state solar policy. The government will soon […] Read more
Revised ALMM List: Eight Solar Module Manufacturers Enlist New Models Updated On Mon, Jan 29th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) in its latest revised list of Approved List of Manufacturers and Modules of Solar PV Modules (ALMM) has incorporated numerous new solar module models from eight Indian solar module manufacturers. These included new model enlistment from Gautam Solar, Waaree Energy, Agrawal Renewable, HR Solar Solution, Sahaj Solar, […] Read more
COVER STORY: Rooftop Solar Enters Mission Mode In India Updated On Mon, Jan 29th, 2024 by Saurenergy The signs were already there. In the first week of 2024, the Ministry of New and Renewable Energy (MNRE) created ripples in the Indian solar market when it announced a 23 percent increase in subsidies for residential rooftop solar. As per the government notification, the ministry increased subsidies from Rs 14,588/kWh to Rs 18,000/kWh for […] Read more
Electricity Demand Growth Grew Fastest In India, China: IEA Report Updated On Mon, Jan 29th, 2024 by Saurenergy A latest report from the International Energy Agency (IEA) said that electricity demand in 2023 plummeted in the United States and European countries. It, however, said that the power demand in India, China, and some South Asian countries grew rapidly. The global energy think tank attributed several reasons for the same. The report said that while China, […] Read more
Inox Wind Gets Its 3MW Turbines Enlisted With MNRE Updated On Mon, Jan 29th, 2024 by Saurenergy Indian wind energy company Inox Wind Limited announced that its 3 MW Wind Turbine Generator (WTG), with a booster capacity of up to 3.3 MW, has been enlisted in the Revised List of Models and Manufacturers (RLMM) published by the Ministry of New and Renewable Energy (MNRE). The firm said that its 3 MW wind […] Read more
BatX’s Strong Network Aided In Boosting Battery Recycling: Vikrant Singh Updated On Thu, Jan 25th, 2024 by Saurenergy How did BatX Energies’ start its journey of recycling Lithium-ion batteries? During one of our projects on making electric cars, we realized the importance of Lithium-ion batteries. The cost of making the car was around, and we were surprised to know that the cost of a Lithium-ion battery was almost the same. As India depends […] Read more
