IFC Backs $5mn Investment In Husk Power For Solar Mini-Grid Updated On Thu, May 15th, 2025 by Saurenergy The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $5 million investment in Husk Power Energy Systems Nigeria Limited to support the rollout of solar hybrid mini-grids in underserved communities across northern Nigeria. The financing, backed by the Government of Canada, is aimed at expanding access to reliable and […] Read more
Waaree-Backed Solfin Disburses ₹100cr Solar Loans In 9 Months Updated On Thu, May 15th, 2025 by Saurenergy Solfin, a tech-led renewable energy finance platform backed by Waaree Group, has disbursed more than ₹100 crore in solar loans within nine months of launching operations. The milestone follows a ₹100 crore strategic investment from Waaree Sustainable Finance Pvt. Ltd., the financing arm of Waaree Group. Solfin operates as a non-banking financial company (NBFC) and […] Read more
APTEL Clears NTPC of Metering Liability in Solar Project Case Updated On Thu, May 15th, 2025 by Saurenergy The Appellate Tribunal for Electricity (APTEL) in its latest judgement has ruled in favour of NTPC Ltd., overturning a CERC order that had held the state-run energy major responsible for meter sealing in solar power projects, a finding that contributed to delays in project commissioning. In the judgment, APTEL allowed NTPC’s appeal against the Central […] Read more
Solex Energy Fy25-Revenue Up 81%, Profit Soars 390% Updated On Wed, May 14th, 2025 by Saurenergy Continuing with the trend of improving margins at Solar module makers, Gujarat-based Solex Energy Limitedhas announced its audited financial results for the fiscal year ended March 31, 2025. The company delivered a robust performance, with consolidated revenues reaching ₹ 665.82 crore, a significant 81% year-on-year growth compared to ₹ 368.02 crore in FY 2023-24. Solex Energy […] Read more
Ciel & Terre Commissions One of India’s Largest Floating Solar Projects Updated On Tue, May 13th, 2025 by Saurenergy Ciel & Terre has successfully commissioned India’s largest floating solar project, a 120 MWp floating solar plant at Omkareshwar in Madhya Pradesh. This project, which was inaugurated in August 2024, was developed in partnership with L&T and SJVN Green Energy Limited. The energy generated will be supplied to Rewa Ultra Mega Solar Limited (RUMSL). Located […] Read more
Pakistan’s Unexpected Solar Boom Comes With Pitfalls For the Future Updated On Tue, May 13th, 2025 by Saurenergy In recent weeks, Pakistan has been cited as an example of a solar success increasingly. The reason? An unprecedented boom in solar capacity additions, perhaps as high as 15 GW in 2024, that have helped the country leapfrog its way to the top 6 solar markets worldwide. Powered by Cheap Chinese imports that face little […] Read more
Gujarat Aims To Formulate Norms For Solar Waste Recycling Updated On Tue, May 13th, 2025 by Saurenergy The Gujarat Energy Development Agency (GEDA) has invited bids from research organizations to conduct a comprehensive study on recovering valuable materials from solar and electronic waste, as part of a broader plan to develop formal norms for solar waste recycling in the state. It is noteworthy that Gujarat is home to the largest number of […] Read more
UPERC Proposes Tighter Norms For Banking Renewable Energy Updated On Tue, May 13th, 2025 by Saurenergy In a significant shift likely to impact investment decisions in Uttar Pradesh’s energy sector, the Uttar Pradesh Electricity Regulatory Commission (UPERC) has proposed sweeping changes to the banking provisions for captive and renewable energy projects under its Draft (Captive and Renewable Energy Generating Plants) Regulations, 2024. The new draft regulation, which will replace the 2019 […] Read more
India’s Solar Boom Is Unique On the Global Stage: Vinay Rustagi Updated On Mon, May 12th, 2025 by Saurenergy Let’s start with a light question. How did you enter the solar industry? After completing my MBA, I specialized in finance and worked in various banks, focusing on project finance for large-scale projects in sectors like telecom, oil and gas, and transport. In 2011, after returning to India from the UK, I took on the […] Read more
