Global Fashion Retailer H&M Signs PPA To Build 3 Solar Parks In Sweden Updated On Tue, Jan 30th, 2024 by Saurenergy Global fashion retailer and fast fashion brand H&M Group has signed long-term power purchase agreements (PPAs) with European solar developer and independent power producer Alight regarding the construction of three new solar parks in Sweden. The ground-mounted solar parks will be located in Blekinge, Södermanland, and Halland, with a capacity of 13 MW, 6 MW […] Read more
ALMM To Keep Margins Of Solar Module Makers At 12-14% Next Fiscal: CRISIL Updated On Tue, Jan 30th, 2024 by Saurenergy A latest forecast from CRISIL Ratings said that the implementation of the Approved List of Models and Manufacturers (ALMM) from April 1, 2024, is expected to help keep operating margins of domestic module makers strong at 12-14% in fiscal 2025, in line with the level likely this fiscal. Healthy domestic and export demand will help, […] Read more
COVER STORY: Rooftop Solar Enters Mission Mode In India Updated On Mon, Jan 29th, 2024 by Saurenergy The signs were already there. In the first week of 2024, the Ministry of New and Renewable Energy (MNRE) created ripples in the Indian solar market when it announced a 23 percent increase in subsidies for residential rooftop solar. As per the government notification, the ministry increased subsidies from Rs 14,588/kWh to Rs 18,000/kWh for […] Read more
Top 5 Implications of India’s New Rooftop Solar Scheme Updated On Mon, Jan 29th, 2024 by Saurenergy PM Modi’s announcement of Pradhanmantri Suryodaya Yojana, has energised industry, with hopes high for a massive impetus to rooftop solar from the scheme. From more funding and subsidies, to opportunities and jobs, the scheme holds potential to be a real gamechanger. We list the top 5 ways it will change the solar landscape in India. […] Read more
Cleantech Solar Inducts Ritesh Singhi As Country Manager, India Updated On Thu, Jan 25th, 2024 by Saurenergy – Cleantech Solar, a leading provider of renewable energy solutions to corporations in India and Southeast Asia, proudly announces the appointment of Ritesh Singhi as their Vice President and Country Manager – India. With an extensive background spanning nearly three decades of experience in business operations and management, Singhi brings comprehensive expertise in operations management, […] Read more
Enel Subsidiary 3Sun Secures €560 million For HJT Solar Manufacturing In Italy Updated On Thu, Jan 25th, 2024 by Saurenergy Italy, which has been a surprise beneficiary of the European push for more manufacturing, got another boost with 3Sun, the solar module manufacturing subsidiary of Italian utility Enel secured €560 million for its heterojunction module assembly plant in Sicily, Italy. Details on the number of jobs this would create are not available, but widely expected […] Read more
PV Module Manufacturer Alpex Solar Seeks Rs. 75 Crore Through IPO At NSE Emerge Updated On Thu, Jan 25th, 2024 by Saurenergy The solar boom continues to make itself felt more publicly, with yet another firm, Alpex Solar, planning an IPO in February this year. Alpex solar has filed its Draft Red Herring Prospectus (DRHP) with NSE Emerge, for an IPO it hopes to complete during the month. The issue size comprises a fresh issue of 64,80,000 […] Read more
SAEL Secures $1 Billion For Solar, Other Renewables Updated On Wed, Jan 24th, 2024 by Saurenergy SAEL Industries, an Indian renewable energy firm, has successfully secured $1 billion in funding from various financial institutions, including Norfund, DFC, Asian Development Bank (ADB), and Tata Cleantech. The funds will be utilized to support SAEL’s renewable energy portfolio, with a focus on expanding its solar and biomass projects. The company, which specializes in solar […] Read more
GameChange Solar Opens 2.5 GW Tracker Plant In Brazil Updated On Wed, Jan 24th, 2024 by Saurenergy GameChange Solar (GCS), a leading global supplier of solar tracking solutions for ground-mounted photovoltaic (PV) plants, announced the opening of a new factory, training, service, and technical support center exclusively for its Genius Tracker™ solar trackers in Feira de Santana, Bahia, Brazil. The Brazil factory, located in Feira de Santana, Bahia, started trial runs in […] Read more
