Offshore Wind in Asia Pacific: Big Plans, Slow Progress Updated On Fri, May 30th, 2025 by Saurenergy Asia-Pacific countries have announced ambitious offshore wind targets, but most projects remain stuck in early stages, with few turbines yet to be installed, a new industry report shows. According to the Asia-Pacific Offshore Wind Insight Report released by the UK-based Energy Industries Council (EIC), the region aims to develop over 270 gigawatts (GW) of offshore […] Read more
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
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
Working Towards Making Solar Affordable For Masses: Karan Singh (Evolve) Updated On Tue, May 27th, 2025 by Saurenergy How has the journey of Evolve Energy been in India? What are the key factors driving its growth? Evolve Energy’s expansion across India and overseas has been driven by its integrated business model, which spans the manufacturing of solar components to the construction and operation of power plants. This end-to-end structure has provided customers with […] Read more
Mufin Green Finance Secures $18 Million to Boost EV Lending for MSMEs Updated On Tue, May 27th, 2025 by Saurenergy Mufin Green Finance has raised $18 million in debt funding from a US-based institution to expand electric vehicle (EV) financing and leasing solutions for India’s micro, small and medium enterprises (MSMEs). The 10-year loan includes an initial disbursement of $10 million, with the remaining $8 million expected within 12 months, the company said in a […] Read more
5 Reasons For Fall in RE Tenders and Awards in 2025 (And How To Course Correct) Updated On Thu, May 22nd, 2025 by Saurenergy India has long positioned itself as a global leader in renewable energy (RE) growth, driven by ambitious targets, investor interest, and a strong policy push. However, as we step into mid-2025, a worrying trend has emerged. There has been a significant drop in renewable energy tenders and awards, particularly in solar and wind segments. According […] Read more
Australia’s Residential Storage Boom Portends The Next Solar Trigger In India As Well Updated On Thu, May 22nd, 2025 by Saurenergy Australia is among the frontrunners in the recent surge of energy storage that the world is witnessing. Needed in order to support the robust renewable energy growth and the changing energy industry dynamics. The home / residential battery market, in particular, is experiencing significant growth in Australia, with a recent surge in demand attributed to […] Read more
Delhi Govt Announces State Subsidies Under PM Surya Ghar Updated On Wed, May 21st, 2025 by Saurenergy In a significant push to promote residential solar adoption, the Delhi Cabinet, chaired by Chief Minister Rekha Gupta, has approved an additional state government subsidy of ₹10,000 per kilowatt (kW) for rooftop solar installations in the national capital. The move is aimed at accelerating the uptake of clean energy by making solar systems more affordable […] Read more
