Servotech Sees Revenue Growth of 115.2% in Q2 FY24 Against Q2 FY23 Updated On Tue, Oct 31st, 2023 by Saurenergy Servotech Power Systems Ltd. (NSE: SERVOTECH), a manufacturer of solar products and electric vehicle (EV) chargers, as well as power-backup and smart power solutions, has disclosed its financial performance for the quarter ending September 30, 2023 during the Board of Directors meeting on October 30, 2023. The firm witnessed a revenue growth of 115.2% pegged […] Read more
Husk Power Secures $100+ Million in Equity and Debt To Boost Growth Updated On Wed, Oct 25th, 2023 by Saurenergy Husk Power Systems has now announced closing $43 million in Series D funding. It said that it is the largest-ever equity raise in the minigrid industry. The funding, the firm said, would bolster Husk’s position as the leader in electrifying communities in rural Sub-Saharan Africa and South Asia with an Artificial Intelligence-enabled platform of renewable […] Read more
Enfinity Global Acquires 546-MW Of Solar Assets Updated On Fri, Sep 22nd, 2023 by Saurenergy American renewable energy conglomerate Enfinity Global has announced the acquisition of 546 MW of solar assets in Colorado. The solar assets are currently under development by CS Energy. As per the official statement issued by Enfinity Global, the acquisition portfolio consists of three solar projects developed in Colorado, an attractive solar market mandating 100% renewable […] Read more
Haryana Renewable Energy Department Awards Order for 7,781 Pumps to Shakti Pumps Updated On Wed, Aug 30th, 2023 by Saurenergy Shakti Pumps has announced receiving its first work order under the KUSUM-3 Scheme from Haryana Renewable Energy Department (HAREDA). The contract is for 7,781 pumps. The work order for the pumps is valued at close to INR 358 crores. This is inclusive of GST. Recently, Shakti Pumps reported a net sale at INR 101.01 crore […] Read more
Solar Startup Zunroof Struggles To Deliver On Promise Updated On Fri, Aug 25th, 2023 by Saurenergy There were plenty of rooftop solar companies raising capital during the 2016-19 period. However, the fund inflow in such startups slowed down gradually and only a handful of them are in serious business. In fact, recent funding rounds for firms like Solar Square have been built around funding their customers. One early pre-2020 startup is […] Read more
ReNew Energy Q1 Analyst Meet- Focus On Derisking, Valuations Updated On Wed, Aug 23rd, 2023 by Saurenergy On the second anniversary of its NASDAQ listing, ReNew Energy Global had a very positive outlook to share with analysts. Be it the growth in portfolio by almost 3 GW, almost all of it comitted through PPAs, or the drop in average collection period from over 200 to 114 days, or a clear growth path […] Read more
ReNew Q1 Fy24 Results- Profits, No. 1 Renewable Developer Crown Back Updated On Sat, Aug 19th, 2023 by Saurenergy Gurugram based, NASDAQ listed ReNew Energy Global Plc, which now calls itself a leading decarbonization solutions company, has announced its consolidated unaudited IFRS results for the three month period ended June 30, 2023. Operating Highlights: As of June 30, 2023, the Company’s portfolio consisted of 13.7 GWs, a 6.3% increase year on year, of which […] Read more
Ola Electric Recorded Sales of Rs 373 Cr in Fy22, Even as Losses Rose 4X Updated On Thu, Aug 10th, 2023 by Saurenergy Market leader Ola Electric has finally filed its Fy22 numbers a year behind schedule. And the numbers don’t make for pleasant reading, if you are an accountant. However, with it’s leadership in the 2 wheeler segment well entrenched for now, the firm will be expected to report a stronger set of numbers for FY23, as […] Read more
Tata Power Reports 29% Growth In PAT In Q1 YoY Updated On Wed, Aug 9th, 2023 by Saurenergy Tata Power today announced its financial results for Q1 of FY24. The Indian power company reported a 29 percent growth in its consolidated Profit After Tax (PAT). Its net profit stood at Rs 884 crore during Q1 of FY 23, which notched up to Rs 1,141 crore during the Q1 of FY24, registering a 29 […] Read more
