SUBSCRIBE NEWS LETTER

financing

News In Brief March 13: JSW Neo Energy, REC-Kerala MoU, Magenta’s NorMinc

JSW Neo Energy Acquires Virya Infrapower Signs Agreement   JSW Neo Energy Limited (JSWNEL), a subsidiary of JSW Energy, has entered into a Share Purchase Agreement with Virya Infrapower. Under the agreement, JSW Neo Energy would acquire 100% shares of Virya Infrapower Private Limited, i.e., the target company. Consequently, Virya Infrapower Private Limited has become […]

Read more

US Solar Module Manufacturing Soared 190% To 42.1 GW In 2024

In 2024, the United States witnessed an increase in the commercial solar segment with the addition of 2.1 GWdc of newly installed capacity. The company reported an 8% year-over-year increase in this segment compared to 2023, according to a Wood Mackenzie Report. US solar module manufacturing capacity also tripled. The US solar module manufacturing industry […]

Read more

India’s EV Sector Is Looking For Its Maruti Moment

India’s automobile industry has witnessed transformative moments, but none as impactful as the Maruti Suzuki revolution of the 1980s. The Maruti 800 democratized car ownership, making vehicles accessible to the formidable ‘middle class’ and revolutionizing the Indian car market. Today, as the country stands on the cusp of an EV revolution thanks to the Indian […]

Read more

Lectrix EV Partner With Bike Bazaar To Boost E-Mobiity

Lectrix EV, the e-mobility arm of SAR Group, has announced a partnership with Bike Bazaar, a company involved in financing and renting electric two-wheelers, to drive large-scale EV adoption in the last-mile logistics segment. As part of this collaboration, Bike Bazaar will expand its fleet with 1000 new Lectrix electric two-wheelers, including high-range vehicles with […]

Read more

Solar Production Equipment In Focus For Solar Power Europe

SolarPower Europe, the leading European solar body, has released a new report that calls upon Europe to seek deeper backward integration for solar manufacturing. The report highlights that at least 38 companies are active in Europe manufacturing the equipment and machinery that produces vital steps of the solar PV module supply chain, including cells, ingots, […]

Read more

Adapture Secures $321Mn Debt Facility For 441 MW Solar Project In US

Adapture Renewables, Inc., a utility-scale solar and energy storage project developer, owner, and operator, has secured $321 million in financing from Mistubishi UFJ Financial Group (MUFG). This financing would support the construction of its largest project. Adapture Renewables’ Titanium portfolio (Titanium), is a 441 MW solar project spanning three sites across Arkansas and Illinois. The […]

Read more

India’s Surge In Tendered Capacity Of RE Projects faces Multiple Risks

India’s two consecutive years of record renewable energy tendering capacity has placed the country on a record capacity addition trajectory. With tenders equaling 73 GW  in 2024 versus 58 GW in 2023, the numbers have surpassed even the central government’s own targets of 50 GW per year. These are among some of the findings of […]

Read more

PM-KUSUM: Hariom Pipe Secures 60 MW Project, Forays Into RE

Hariom Pipe Industries Limited (HPIL) has entered the renewable energy sector, securing a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to develop 60 MW (AC) Solar Photovoltaic Power Generating Stations. This project falls under the Mukhyamantri Saur Krushi Vahini Yojana 2.0, which aims to implement feeder-level solarization under Component C […]

Read more

Enfinity Eyes Expansion in Gujarat, Andhra, TN & Beyond

In this interview with Saur Energy, Sandip Agarwal, Chief Executive Officer (CEO) India, of Enfinity Global—a US-based company—shared the company’s plans to steadily expand its presence in India. In the interview Enfinity Global revealed that it is actively exploring new opportunities in Gujarat, Andhra Pradesh, Tamil Nadu, Chhattisgarh, Odisha, and Haryana. The company also shared […]

Read more
      SUBSCRIBE NEWS LETTER
Scroll