Saur Energy International
8th May 2024

RENEWABLES NEWS

gautam-solar

Technical Glitches In PM Surya Ghar Portal Delay Rooftop Solar Projects

The much-hyped national scheme for residential rooftop solar-PM Surya Ghar: Muft Bijli Yojana is now struggling temporarily on the technical front. For the last few weeks, the vendors involved in the installation of these projects and giving an impetus to the government scheme have been...

PM Surya Ghar: National Roofop Solar Vendors To Submit BGs Worth Rs 25L

The Ministry of New and Renewable Energy (MNRE) in its latest memorandum has proposed a bank guarantee worth Rs 25 lakh for rooftop solar vendors. This is meant to be for the vendors who want to get registered with the National Rooftop Portal as a...

icon solar

L&T Bags Orders For Two Floating Solar Project Worth 150 MWac, 120 MW Ground Mounted Project

Larsen & Toubro's (L&T) power transmission and distribution (PT&D) business has won multiple orders in India and abroad. The business has bagged orders to establish two floating solar plants in India. The orders secured by L&T comprise a cumulative floating solar capacity of more than...

solax power

JSW Energy Q4 Results- Renewables Pipeline Climbs to 3.4 GW, WTG Manufacturing In Works

JSW Energy Limited reported its results for the quarter (“Q4 FY24” ) and the financial year FY24 ended March 31, 2024, on May 7.  FY2024 – Delivering Sustainable Growth JSW Energy delivered a strong performance in FY24, achieving the highest-ever EBITDA of ₹5,837 Crore. The...

ib solar

India Overtakes Japan To Become World’s 3rd Largest Solar Power Generator

India’s growth in solar generation in 2023 pushed the country past Japan to become the world’s third-largest solar power generator, according to a report by global energy think tank Ember. It has climbed from ranking ninth in 2015. The Global Electricity Review provides the first...

waaree

Polaris Receives 7,700 Cr. Order To Deploy Smart Meter In India

Polaris has been awarded a Rs. 2,246 crore contract to install 2.2 million smart meters in West Bengal. Their project aims to reduce losses for DISCOMs and empower consumers by introducing smart prepaid meters. With this order, Polaris has closed orders of over INR 7,700...

Grew Appoints Hiten Parekh As Its New President (Global Sales)

Indian solar module manufacturer Grew has appointed Hiten Parekh as its new President (Global Sales). Grew was founded in 2022 and is backed by the legacy of the Chirpal Group.   “I am happy to share that I am starting a new position at GREW as...

Events 2024

Ecofy Partners With Waaree Energies For Low-Cost Solar Finance

Solar PV module maker Waaree Energies Limited has signed an agreement with rooftop solar financing firm Ecofy, an NBFC backed by Eversource Capital, committed to providing green finance for solar projects from Waaree. According to a statement by Waaree Energies, Ecofy has committed Rs 100...

With Legislations In Hand, Virginia Set To See A Rise Of Community Solar

Since 2022, efforts to kickstart a shared solar programme in southwest Virginia in the United States (US) have been stalled. But this year, a renewed push brought it to life. The General Assembly at the Senate and the House of Delegates passed separate legislations, SB...

News In Brief May 8- GEAPP, Battery Smart, AEROCOMPACT, ESRI

GEAPP Launches Climate Africa Warsha to Advance Renewable Energy Reporting The Global Energy Alliance for People and Planet (GEAPP) and its alliance partners hosted the inaugural Climate Africa Warsha on World Press Freedom Day. The “Warsha” which means ‘workshop’ in Swahili creates a platform where...

German, French Investment Groups Form JV for 500MW Projects in Germany

The German renewables investor and asset manager Aream Group and Eiffel Investment Group, represented by the Eiffel Transition Infrastructure Fund have formed a joint venture with an aim to develop clean energy projects in Germany. The joint venture will develop numerous projects in the fields...

Italy’s Solar Ban On Agri Land- Not As Bad As It Sounds

A recent ruling by the Italian government to ban solar PV installations on agricultural land has been met with howls of protest by the country's solar trade association which has claimed it would cost Italy as much as €60 billion (US$64.5 billion). We believe the...

TI Clean Mobility Gets Rs 580 Crore To Expand Green Solutions

Tube Investments of India Limited subsidiary TI Clean Mobility Private Limited has signed final agreements with South Asia Growth Invest III LLC and South Asia EBT Trust III to raise Rs 580 crore in the form of Equity and Compulsorily Convertible Preference Shares. According to...

EV's & Storage News

Delhi Gets First Commercial Utility-Scale BESS Project After DERC Approval, Backed By GEAPP

In a significant step, the Delhi Electricity Regulatory Commission (DERC) has granted regulatory approval of India's first commercial standalone Battery Energy Storage System (BESS) project. This groundbreaking initiative is supported by The Global Energy Alliance for People and Planet (GEAPP’s) concessional loan amounting to 70% of the total project...

UK’s DG Innovate Forms JV With EVage Motors For Making E-Trucks In India

UK-based sustainable mobility and energy storage company DG Innovate has entered into a joint venture with EVage Motors, the electric truck company in India. The JV will allow DGI to pursue a faster, lower-cost route to high-precision manufacturing in India, materially growing its market share...

Magenta Mobility & Switch Mobility Signs MoU To Procure 500 SWITCH IeV4

Integrated electric mobility solutions provider Magenta Mobility and Switch Mobility, the electric vehicle arm of the Hinduja Group have signed an MoU to procure 500 SWITCH IeV4 (Intelligent EV) over two years. The MoU was signed by Maxson Lewis, Founder & CEO of Magenta Mobility,...

Will CATL’s Zero Degradation Battery Deliver On Its Promises?

Contemporary Amperex Technology Co., Limited (CATL), the world's largest Li-ion battery manufacturer announced the launch of TENER last month in Beijing, China. The all-new TENER is dubbed as the world's first mass-producible energy storage system with zero degradation. In addition, the storage system will also...

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