Clean Power Can Reduce India’s Dependence On Gas For Peak Demand: IEEFA Updated On Wed, May 29th, 2024 by Saurenergy The Institute for Energy Economic and Financial Analysis (IEEFA) in its recent report found that new and cleaner options could soon replace the role of gas-based power in meeting peak electricity demand in India. India’s peak power demand, which, according to government forecasts, is likely to cross 350 gigawatts (GW) by 2030. The IEEFA in […] Read more
Inox Wind Raises Rs 900cr Through Sale of Equity Shares Updated On Wed, May 29th, 2024 by Saurenergy INOXGFL Group, one of India’s leading conglomerates today announced the successful conclusion of equity share sale of Inox Wind Limited by its promoter Inox Wind Energy Limited, raising around Rs. 900 crores. The transaction was executed via block deals on the stock exchanges and witnessed participation by several marquee institutional investors. Subject to IWL’s Board […] Read more
Suzlon Secures 551.25 MW Order For Its 3 MW Series From Aditya Birla Updated On Wed, May 29th, 2024 by Saurenergy Indian wind energy company Suzlon Group today announced a new order win for the development of 551.25 MW wind power project for the Aditya Birla Group, a Global Indian Conglomerate. Suzlon will install 175 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each at sites […] Read more
Panasonic Energy Reports 15.45% Revenue Growth In FY23-24 Updated On Tue, May 28th, 2024 by Saurenergy Panasonic Energy India Co. Ltd. (PECIN) a part of Panasonic Holdings Corporation today, announced the audited standalone results for the financial year ended on March 31, 2024. Panasonic reported revenue growth of 15.45% over the last financial year and a 198% increase in profit after tax (PAT). These numbers are a result of cost-efficiency initiatives, […] Read more
Alpex Solar Net Profit Increases 680% YoY After IPO Updated On Tue, May 28th, 2024 by Saurenergy Alpex Solar Limited has released its yearly financial statements since its successful IPO on February 15, 2024, is this year. Net earnings for the company increased by 680 percent from INR 3.72 crore in FY23 to INR 29.05 crore in FY24. Operational revenues for the company increased to INR 404.43 crore from INR 182.69 crore […] Read more
Borosil Renewables Reports 21% Jump In Revenues In Q4 Updated On Tue, May 28th, 2024 by Saurenergy Indian solar glass manufacturer Borosil Renewables Ltd today published its Q4 and annual financial results. The Q4 results (audited standalone) for FY24 indicated a 21 percent rise in its total revenues. However, the rise in losses remained a concern for the company. As per the details, the company reported a total revenue of Rs 23,254 […] Read more
Green Stocks React To Results, News Updated On Tue, May 28th, 2024 by Saurenergy Green energy stocks continue to react strongly to every bit of news. Thus, even as every EPC from Shakti Pumps to KPI to Sterling and Wilson Renewable fell, Waaree Renewable rose as management expressed strong optimism on the coming year. Solar glass maker Borosil Renewables stayed in losses, and the stock was duly marked down […] Read more
Green Energy To Outpace Fossil Fuel In Middle-East By 2040: Rystad Updated On Tue, May 28th, 2024 by Saurenergy Renewables capacity in the Middle East is set to soar in the coming years, with green energy sources outpacing fossil fuel usage in the power sector by 2040, according to Rystad Energy’s latest research. Solar photovoltaic (PV) is expected to emerge as the predominant source, accounting for more than half of the region’s power supply […] Read more
Hyundai Installs First EV Charging Facility In Chennai Updated On Tue, May 28th, 2024 by Saurenergy Hyundai Motor India Limited (HMIL) has announced the inauguration of its first 180 kW DC fast public electric-powered vehicles (EV) charging station in Chennai, Tamil Nadu, comprising of 150 kW & 30 kW connectors. According to HMIL, it is the only fast public EV charging station currently installed in Chennai and is the first of […] Read more
