Waaree Energies Acquires Kamath To Scale Transformer Business Updated On Tue, May 20th, 2025 by Saurenergy Mumbai-based Waaree Energies said its Board has approved the acquisition of Kamath Transformers Private Limited, with the transaction expected to be completed in the 2025-26 financial year. In a regulatory filing, Waaree said Kamath Transformers is a “well-established and progressive company in transformer manufacturing,” with revenues of ₹257.3 crore in FY22, ₹544.1 crore in FY23, […] Read more
OPG Mobility Eyes Localizing EV Manufacturing: Anshul Gupta Updated On Tue, May 20th, 2025 by Saurenergy You’re present across various verticals—battery recycling, battery technology, EVs, and more. What’s your core focus today? The primary focus of OPG Mobility is boosting electric mobility, especially in the two-wheeler and three-wheeler segments. We’re involved in everything from batteries and EV charging stations to powertrains and even the plastic and mechanical parts that go into […] Read more
FY25: Premier Energies Reports Four-Fold Increase In Profits Updated On Tue, May 20th, 2025 by Saurenergy Premier Energies, the Hyderabad-based solar module and solar cell manufacturer, has announced its financial results for Q4 of FY25 and the annual results for FY25. The firm, which forayed into the stock market last year, reported a 167 percent year-on-year (YoY) rise in net profit for the fourth quarter (Q4) of fiscal year 2024–25, driven […] Read more
MP: Powergrid Floats 20 MWh BESS Tender At Solar Plant Updated On Mon, May 19th, 2025 by Saurenergy State-run Powergrid Corporation of India has issued a tender for the development of a Battery Energy Storage System (BESS), designated as Package BESS-01. The 20 MWh (5 MWh x 4 hours) system will be co-located with an existing 85 MW solar PV plant at Nagda, Ujjain, Madhya Pradesh. Bids are invited until June 16, 2025. […] Read more
Folks Motor Raises ₹100cr To Boost EV Manufacturing Updated On Mon, May 19th, 2025 by Saurenergy Indian automotive firm Folks Motor has secured ₹100 crore in the first close of its ₹500 crore electric vehicle (EV)-focused investment fund, aimed at bolstering domestic EV manufacturing and infrastructure. The fund, dubbed Folks Funds, is structured as an Alternative Investment Fund (AIF) Category II and targets full closure by the end of 2025. It […] Read more
1st Q25: China Installs 36 GW Rooftop Solar As New Rules Spur Rush Updated On Mon, May 19th, 2025 by Saurenergy China installed a record 60 GW of new solar photovoltaic (PV) capacity in the first quarter of 2025 – the highest ever recorded in a first quarter in the country’s history, according to Rystad Energy research and analysis. Rooftop PV accounted for 60%, or 36 GW, of that total, marking the largest quarterly capacity addition […] Read more
Mobec Aims To Boost Its Footprint In Battery Recycling, EV Charging Updated On Fri, May 16th, 2025 by Saurenergy Indian energy solutions firm Mobec is expanding its footprint in battery recycling and mobile electric vehicle (EV) charging, with plans to grow its energy storage and refurbishment capabilities, its chief executive said. The company operates a lithium battery recycling plant near Noida with a capacity of 6,000 tonnes per year and added a second, smaller […] 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
Canadian Solar Beats Q1 Guidance Despite Industry Headwinds Updated On Thu, May 15th, 2025 by Saurenergy Canadian Solar reported better-than-expected first-quarter results for 2025, buoyed by strong module shipments and a record pipeline in energy storage, even as the company posted a net loss due to trade-related costs and declining margins. The company shipped 6.9 GW of solar modules during Q1, up 9.4% year-on-year and exceeding guidance of 6.4–6.7 GW. Revenues […] Read more
