Suzlon Q4 FY23: Positive Net Worth After a Decade at INR 1,099 cr, 80% YoY Slide in Current Net Debt Updated On Wed, May 31st, 2023 by Saurenergy Renewable energy solutions provider Suzlon has released its fourth quarter (Q4 FY23) and annual audited results for financial year 2022‐23 (FY23). The firm has reported its revenue at INR 5,947 crores for FY23. For Q4 FY23, the number has been pegged at INR 1,690 crores. As for its EBITDA margins, it stands at 14% with […] Read more
Quantum Energy & Log9 launch 2 Wheeler EV Bzinesslite, Promise 80% Charging in 12 Minutes Updated On Wed, May 31st, 2023 by Saurenergy Bengaluru-headquartered, advanced deep-tech and battery tech startup, Log9 Materials, has announced entering into a long-term strategic partnership, initiated through a Memorandum of Understanding (MoU), with Hyderabad-headquartered EV OEM firm Quantum Energy Limited. As a part of this collaboration, the two companies have jointly unveiled a new vehicle model, which they claim is India’s fastest-charging two-wheeler […] Read more
Acen Set To Build Largest Battery Storage Project In Australia Updated On Wed, May 31st, 2023 by Saurenergy Acen, the Phillipines based renewable energy major that is part of the Ayala group, is set to make Australia’s largest storage battery project linked to a solar farm. The project, to come up in the New England region of New South Wales, has secured approvals to take its size to 1.4 GW (1,400MW) and 2.8 […] Read more
Inox Wind Wins Another Order Of 150MW From NTPC Renewable Energy Updated On Tue, May 30th, 2023 by Saurenergy Indian wind energy company-Inox Wind today announced bagging another repeat order of 150 Megawatt (MW) from NTPC Renewable Energy Limited, a wholly subsidiary of the NTPC Green Energy Limited. The wind energy project is set to be executed in the western coastal state of Gujarat. With the latest order, the wind energy company was able […] Read more
India’s Solar O&M Market: A tale of increased domination of new evolving technologies Updated On Tue, May 30th, 2023 by Saurenergy If you track the Indian solar sector or are a regular SaurEnergy reader, you might remember the increasing frequency of news reports on the topic of robotic cleaning of solar panels. Be it Ecoppia, Airtouch (incidentally, both are Israeli firms), or the domestic Skilancer Solar and many more, robotic cleaning has created a disruption in […] Read more
New Solar Plant in Chandigarh To Meet Complete Power Demand of UT Secretariat Building Updated On Tue, May 30th, 2023 by Saurenergy The city of Chandigarh is set to welcome a solar energy plant with capacity worth 800 kW in Artificial Lake Parking. The project cost is pegged at over Rs 4.66 Cr. It will also entail operation and maintenance for a span of ten years. The said plant will generate 96000 Kwh units every year, promising […] Read more
Credent to Launch India’s Largest EV Healthcare Delivery Fleet Updated On Tue, May 30th, 2023 by Saurenergy Healthcare and diagnostic firm, Credent, also known as C3 Logistics, is set to launch India’s largest electric vehicle (EV) delivery fleet. The firm will be converting its entire fleet of 2500 to EVs. The initiative comes with a view to support the sustainability efforts of the healthcare industry and curb carbon emissions. Credent will also […] Read more
ONGC Plans Rs 1 Lakh Crore Investment For Energy Transition Updated On Mon, May 29th, 2023 by Saurenergy State owned oil and gas producer ONGC has announced an investmen worth Rs 1 lakh crore by the end of this decade (2030) on energy transition projects. Most of the investments will be made on renewable energy projects. ONGC has already declared its target of achieving net zero carbon emissions by 2038. The fresh announcement […] Read more
Offshore Wind Projects Starting Before 2033 To Get 25 Years Of ISTS Waiver In India Updated On Mon, May 29th, 2023 by Saurenergy The Ministry of Power, in its latest notification, has allowed a 25-year waiver of Inter-State Transmission System (ISTS) charges for early starters of offshore wind power projects. As per the notification, all the offshore projects commissioned on or before December 31, 2032, would be eligible for the long-term waiver. Besides these, the notification also confirms that […] Read more
