Serentica Clinches $100 mn Loan for BALCO Solar Project Updated On Thu, Jun 5th, 2025 by Saurenergy Serentica Renewables has secured more than USD 100 million in external commercial borrowing (ECB) from Rabobank and Société Générale to develop a 300 MW solar project in Rajasthan that will supply power to Bharat Aluminium Company Ltd (BALCO), a subsidiary of the Vedanta Group. This marks Serentica’s second ECB deal, reinforcing the company’s push to […] Read more
Solar’s Next Big Challenge- Sustainable Growth Updated On Mon, Jun 2nd, 2025 by Saurenergy It has been an abiding mystery how many business journalists, for all the knowledge they collect on their preferred sectors, usually ignore the financials of the firms they track. Relationships with firms, especially if they are not publicly traded, tend to be at an arm’s length, with information supplied on a need-to-know basis. The solar […] Read more
SAEL Gets $132Mn from NDB, AIIB, Others for AP Solar Project Updated On Fri, May 30th, 2025 by Saurenergy SAEL Solar MHP1, a subsidiary of SAEL Industries Ltd., has secured debt finance amounting to US$132 million from three global financial institutions — Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB), and Societe Generale. SAEL Solar MHP1 would use the funding to develop a solar power project in Andhra Pradesh. Each institution has committed […] Read more
Maharashtra: NIRL, MAHAPREIT To Form JV For 2 GW RE Projects Updated On Thu, May 29th, 2025 by Saurenergy NLC India Renewables Limited (NIRL), a NLC India Limited subsidiary, signed a Joint Venture Agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) at Mumbai on 29th May 2025. This collaboration is key in NIRL’s expansion and foray into Maharashtra’s renewable energy sector. The Joint Venture Company (JVC) to be formed under […] Read more
Gujarat: ACME Solar Commissions Its Maiden Wind Power Project Updated On Wed, May 28th, 2025 by Saurenergy ACME Solar Holdings Ltd has commissioned the first phase of its maiden wind power project at Shapar, in Gujarat, adding 26.4 MW to its operational capacity as part of the planned 50 MW ACME Pokhran wind project. With the latest addition, ACME’s total operational capacity has increased from 2,705 MW to 2,731.4 MW. The project […] 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
US Bitcoin Miner Sangha Launches 19.9 MW Solar Project, Raises $14M Updated On Thu, May 22nd, 2025 by Saurenergy US-based Sangha Renewables, a renewable energy generation firm focused on bitcoin mining and institutional-grade project finance, has announced the groundbreaking of its 19.9-megawatt (MW) mining facility in West Texas. This project is developed in partnership with an independent power producer (IPP). the facility will operate behind the meter on an established large-scale solar energy site […] Read more
ACME Solar Commissions 112.5 MW at Sikar Solar Project Updated On Wed, May 21st, 2025 by Saurenergy ACME Solar Holdings Ltd has commissioned an additional 112.5 megawatts (MW) at its solar power project in Sikar, Rajasthan, taking the total operational capacity at the site to 165 MW out of a planned 300 MW, the company said. The second-phase commissioning, completed on May 19, follows an initial 52.5 MW commissioned earlier this month. […] Read more
