SolarEdge Earns $431.5 M Revenues from Solar in Q2 FY21 Updated On Wed, Aug 4th, 2021 by Saurenergy SolarEdge, an Israel-headquartered photovoltaics company, has announced its financial results for the second quarter ended June 30, 2021. The company reported $431.5 million of revenues from the solar segment, up 39% from $310.1 million in the year-ago period. “We are happy to finish the second quarter of 2021 with record revenues in both our solar and non-solar businesses […] Read more
Simple Energy To Produce 1 Million E-scooter Units Annually at TN Plant Updated On Wed, Aug 4th, 2021 by Saurenergy Bengaluru-based electric two-wheeler (E2W) maker Simple Energy has announced setting up its new production plant at Hosur, Tamil Nadu. Simple Energy‘s Hosur production plant will be developed around 200,000 sq ft and have a production capacity of up to 1 million units annually. The production plant is also expected to create 1,000 jobs, according to […] Read more
APTEL Orders Rs 8.40/unit Payment to Karnataka Developer, Reversing KERC Order Updated On Wed, Aug 4th, 2021 by Saurenergy In a major win for developer Clearsky Solar Private Limited (CSPL), the Appellate Tribunal for Electricity (APTEL) has ruled in favour of the solar developer and directed Gulbarga Electricity Supply Company Limited (GESCOM) to pay it compensation on account of delays in the commercial operation of a solar project in Karnataka. The present ruling came […] Read more
ReNew Signs MoU with RackBank to Power India’s First Hyper-scale Data Center Updated On Tue, Aug 3rd, 2021 by Saurenergy Gurgaon-headquartered renewable energy company, ReNew Power today announced the signing of a Memorandum of Understanding (MoU) with RackBank Datacenters Limited (RackBank) to provide power through 100% renewable energy. RackBank is a data center platform providing data center services including but not limited to dedicated servers, managed servers, and colocation services. ReNew will supply power generated […] Read more
India’s Solar and Wind Generation in Q1, 2021, Versus Q1, 2020 Results for Solar, Wind Generation Updated On Tue, Aug 3rd, 2021 by Saurenergy We believe it is time the focus on solar and wind shifted to generation, not just capacity building. Because generation is eventually what matters, what contributes to carbon emissions reductions. And yes, finally, dependable data on the subject is available, thanks to the much more timely CEA, as well as options like the India Renewables […] Read more
Kajaria To Invest Rs. 264 Lakhs For Captive Solar Power Consumption Updated On Tue, Aug 3rd, 2021 by Saurenergy India’s ceramic wall and floor tile manufacturing company, Kajaria Ceramics Ltd. has announced to invest Rs. 264 Lakhs in an SPV for solar power captive consumption. In a meeting today, the Board of Directors (BoD) of Kajaria Ceramics Ltd. have approved investing up to Rs. 264 Lakhs in an SPV (Special Purpose Vehicle) for solar […] Read more
Quantumscape Races To Deliver Its Breakthrough Solid State Battery For EV’s Updated On Tue, Aug 3rd, 2021 by Saurenergy QuantumScape founder and CEO Jagdeep Singh continues to be optimistic about his firms progress, even as the firm’s stock price has been beaten down this year. the firm, which listed after merging with a SPAC (Special Purpose Acquisition Company). The firm’s biggest shareholder is Volkswagen AG with a 26% stake. Singh highlighted a key milestone […] Read more
Madhya Pradesh Tenders for 225MW Solar Projects Under PM KUSUM Updated On Tue, Aug 3rd, 2021 by Saurenergy Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has invited bids for the selection of developers for implementation of approximately 225 MW(AC) grid-connected solar power plants connected to selected 33/11 kV substations under the PM KUSUM program at various locations in Madhya Pradesh. The project size to be installed per substation is 500 kW to 2 […] Read more
Corporates Almost Match Utilities As Solar Installs Hit New High In the US Updated On Tue, Aug 3rd, 2021 by Saurenergy A report by the American Clean Power Association (ACPA) highlights the key role played by corporate demand in solar power, with the 2020 numbers as reference. Residential rooftop continues to provide a strong support to the market on the back of state subsidies. In 2020, the amount of solar installed in the US was 4000% […] Read more
