OCI Energy, CPS, LG Energy Vertech Partner On Storage Project Updated On Wed, May 28th, 2025 by Saurenergy Texas-based OCI Energy LLC (OCI Energy) and CPS Energy, along with LG Energy Solutions’ U.S. energy storage division, LG Energy Solution Vertech, signed a Memorandum of Understanding (MOU), to collaborate on their Alamo City Battery Energy Storage System (Alamo City BESS) project. The joint effort, formalized during a ceremony in Seoul, South Korea, where the […] Read more
India’s Electricity Demand to Grow 6-6.5% Over Five Years: ICRA Updated On Wed, May 28th, 2025 by Saurenergy India’s electricity demand is expected to grow at a compound annual growth rate (CAGR) of 6.0–6.5% over the next five years, supported by rising consumption from electric vehicles (EVs), data centres and green hydrogen projects, ratings agency ICRA said. For FY2026, ICRA projects demand growth at 5.0–5.5%, lower than the estimated GDP growth of 6.5%. […] Read more
FY25: Electric Bus Maker Olectra Reports 77% Surge In Profit Updated On Wed, May 28th, 2025 by Saurenergy Electric bus manufacturer Olectra GreenTech Ltd. has reported a strong financial performance for the fiscal year ending March 2025, marked by significant year-on-year (YoY) growth across key financial metrics. According to the company’s latest financial disclosures submitted before the exchanges, its revenue from operations rose to ₹1,801.89 crore in FY25, up from ₹1,154.13 crore in […] Read more
Engie Gets Financial Closure For 200 MW Khavda Solar Project Updated On Wed, May 28th, 2025 by Saurenergy French energy company ENGIE has achieved financial closure for its upcoming 200 MW solar project in Khavda, Gujarat, in partnership with MUFG Bank Ltd. and Crédit Agricole CIB. The project is being developed through ENGIE’s subsidiary, Enren-II Energy Private Limited. It is expected to generate approximately 550 GWh of electricity annually and avoid over 1,650 […] Read more
Gujarat: ACME Solar Commissions Its Maiden Wind Power Project Updated On Wed, May 28th, 2025 by Saurenergy ACME Solar Holdings Ltd has commissioned the first phase of its maiden wind power project at Shapar, in Gujarat, adding 26.4 MW to its operational capacity as part of the planned 50 MW ACME Pokhran wind project. With the latest addition, ACME’s total operational capacity has increased from 2,705 MW to 2,731.4 MW. The project […] Read more
EV Push Powers E-3W Growth, E-2W Adoption Stagnates at 4%: IEEFA Updated On Wed, May 28th, 2025 by Saurenergy India’s electric mobility journey revealed a nuanced landscape where policy effectiveness varies across vehicle segments and market maturity stages, according to an IEEFA report. Its report, “From Incentives to Adoption: A Decadal Review of India’s EV Subsidy Effectiveness” found the electric three-wheeler (E3WC) segment growth demonstrates how well-designed state policies can effectively complement central initiatives, […] Read more
FY25: Mufin Green Finance Reports 20% Surge In Profit Updated On Wed, May 28th, 2025 by Saurenergy Mufin Green Finance, a non-banking financial company (NBFC) specializing in financing renewable energy and electric vehicle (EV) projects, has reported strong growth in revenue and profitability for the financial year ended March 31, 2025 (FY25), driven by a surge in clean mobility and energy lending. Financial Performance (FY25 vs FY24) The company’s Revenue from Operations […] Read more
ALMM May Update- Goldi, Premier, RenewSys Dominate New Additions Of 8653 MW Updated On Wed, May 28th, 2025 by Saurenergy The May update of the Approved List of Module Manufacturers from the Ministry of New and Renewable Energy (MNRE) is out with possibly the highest ever addition of capacity and new manufacturers in a long time. IN a letter dated May 21, the MNRE has made some changes to the list , with BIS number […] Read more
Bondada, Telangana GENCO Ink ₹204.2 Cr BESS Project PPA Updated On Tue, May 27th, 2025 by Saurenergy Telangana-based Bondada Engineering has secured a letter of award from Telangana Power Generation Corporation Limited (TGGENCO) for setting up a battery energy storage system (BESS) project. It said in a regulatory filing, “We are delighted to inform you that this is a first-of-its-kind order for our company in the BESS business line.” It added that […] Read more
