REC Limited Raises USD 500 Million Through Bonds Updated On Thu, Feb 25th, 2021 by Saurenergy REC Limited has successfully raised USD 500 million 5.5-year Reg-S only bonds issued under its Global Medium Term Programme of USD 7 billion. Proceeds of the bond will be used to finance power projects following the approvals granted by the RBI from time to time and under the ECB Guidelines. This is REC Limited’s eighth […] Read more
ReNew Power to be Publicly Listed on the Nasdaq, Valued at $8Bn Updated On Thu, Feb 25th, 2021 by Saurenergy Sumant Sinha led Renew Power Private Limited, the country’s leading renewable energy generator has started the process to achieve a listing at the NASDAQ market in the US via the SPAC (Special Purpose Acquisition Company) route. As of December 2020, ReNew had a total capacity of close to 10 GW of wind and solar power […] Read more
Canadian Solar Closes Japan Green Infrastructure Fund at $208 Mn Updated On Thu, Feb 18th, 2021 by Saurenergy Canadian Solar has announced the successful close of the Japan Green Infrastructure Fund securing USD 208 million of committed capital Canadian Solar has announced the successful close of the Japan Green Infrastructure Fund (JGIF). Canadian Solar will partner with Macquarie Advisory & Capital Solutions (Macquarie), the advisory and capital markets arm of the Macquarie Group. Macquarie […] Read more
SolarEdge Selected as Supplier for Fiat E-Ducato, Issues Financial Results Updated On Wed, Feb 17th, 2021 by Saurenergy SolarEdge has announced it has been selected to supply powertrain and batteries for the Fiat E-Ducato, also reporting its financial results. SolarEdge Technologies has announced that the Company has been selected and will begin to supply full electrical powertrain units and batteries for the production of the Fiat E-Ducato light commercial electric vehicle. “We are […] Read more
Global Capital Pool Mobilising to Invest in Renewable Projects in India: IEEFA Updated On Tue, Feb 16th, 2021 by Saurenergy A new IEEFA report has detailed how a huge global capital pool is mobilising to invest in renewable energy and grid projects in India. A new report has detailed how a huge global capital pool is mobilising to invest in renewable energy and grid projects in India. According to the Institute for Energy Economics and […] Read more
KPTL Announces Q3 FY21 Results, Reports PAT of Rs 308 Crore Updated On Mon, Feb 15th, 2021 by Saurenergy KPTL has reported revenue growth of 11% YoY to Rs 3501 crore in Q3FY21, and a strong PAT growth of 132 percent YoY to reach Rs 308 crore. Kalpataru Power Transmission Limited (KPTL) has issued its financial results for the quarter ended December 31, 2020, reporting revenue growth of 11 percent YoY to Rs 3501 […] Read more
Inox Wind Reports Increased Losses Despite Higher Revenue in December Quarter Updated On Mon, Feb 15th, 2021 by Saurenergy Inox Wind has reported higher revenue in the December quarter, but the firms’ net loss has also widened to Rs 51.97 crore Inox Wind has issued its financial results for the quarter ended December 31, 2020, reporting a higher revenue from the previous quarter and from the same quarter in 2019, however, the firms’ net […] Read more
Amara Raja Batteries Reports Q3 Numbers; Announces 50 MW Solar Plant Updated On Mon, Feb 15th, 2021 by Saurenergy Amara Raja Batteries has issued its Q3 numbers, also announcing that it will be setting up a 50 MW solar power plant in Andhra Pradesh. Driven by the revival in demand across all key sectors of the business, Amara Raja Batteries Limited (ARBL), one of India’s leading Industrial and Automotive Battery majors has issued its […] Read more
Biden Administration Clears $100 Mn for DOE to Invest in Clean Energy Solutions Updated On Fri, Feb 12th, 2021 by Saurenergy Biden Administration’s climate innovation agenda will see US DOE invest USD 100 million in funding for transformative clean energy technology In support of the Biden Administration’s climate innovation agenda, the US Department of Energy (DOE) has announced up to USD 100 million in funding for transformative clean energy technology research and development via its Advanced […] Read more
