Saur Energy News

22/07/2025

Switzerland-based distributed energy firm Candi Solar has raised $24 million from existing investors, taking its total capital raised to over $140 million. The latest round includes a $20 million convertible loan from Norfund and STOA, along with a $4 million top-up to its existing mezzanine facility with the Energy Entrepreneurs Growth Fund (EEGF). The funding reinforces Candi’s position as a long-term energy partner in some of the world’s most carbon-intensive markets.

Read more https://www.saurenergy.com/solar-energy-news/candi-solar-raises-24-mn-from-norfund-stoa-eegf-total-funding-crosses-140-mn-9524032

22/07/2025

Assam Pulls Plug on Solar Project; Waaree RTL Contract Impacted

The Assam solar project was suspended due to funding-related issues that allegedly made the project unviable for the state government, Waaree Renewable said.

22/07/2025

Green Stocks July 22 Stocks Slide Despite Strong Q1; Waaree, Oswal Show Resilience

Among the green stock pack, companies like Adani Green and Borosil Renewables saw over a 2% dip in their stock prices. On the other hand, Sterling and Wilson, wind energy company Suzlon, and Alpex Solar saw marginal gains today in their stock prices.

Read more https://www.saurenergy.com/solar-energy-news/indian-green-stocks-july-22-stocks-slide-despite-strong-q1-waaree-oswal-show-resilience-9523705

22/07/2025

Solar Module Prices Rise 12% as US Tariffs Disrupt Trade Flows: Wood Makenzie

The study showed that Cell and module imports from these countries surged to 0.9 GW and 2.3 GW, respectively, in Q1 2025. Their combined market share is growing from 2% to 35% for modules and 18% for cells compared to Q1 2024.

Read more https://www.saurenergy.com/solar-energy-news/solar-module-prices-rise-12-as-us-tariffs-disrupt-trade-flows-woodmac-9523500

22/07/2025

Envision Energy to Supply Battery Storage Systems for Two Key Projects in Scotland

Each project will provide 50 MW / 100 MWh of grid capacity, supporting critical flexibility in areas with network constraints and advancing the United Kingdom’s transition to renewable energy.

Read more https://www.saurenergy.com/solar-energy-news/envision-energy-to-supply-battery-storage-systems-for-two-key-projects-in-scotland-9523684

22/07/2025

We are delighted to welcome Mr. Shravan Gupta, Managing Director, Cosmic PV Power Pvt. Ltd., as our esteemed Speaker for our upcoming Event in on August 07, 2025!

With his expertise in the sector, Mr. Gupta will share his valuable insights on the cutting-edge solar technologies and innovations shaping the future of sustainable energy. We welcome Mr.Gupta for coming onboard for the event.

Join us for an engaging session filled with knowledge, networking, and opportunities to drive solar adoption forward.

Register to attend the event - https://saurevents.com/ (to visit in-person for the event at Bengaluru)

📅 Date: 07 August 2025
📍 Location: Bengaluru

22/07/2025

Reliance Industries, in its Q1 FY2025-26 analyst call, outlined its roadmap to scale up operations in the renewable energy segment. Karan Suri, Senior Vice President – New Energy at Reliance Industries, said the company aims to install around 50 MW of solar modules and 175 MWh of battery energy storage systems (BESS) each day once fully operational.

Reliance Industries, in its Q1 FY2025-26 analyst call, outlined its roadmap to scale up operations in the renewable energy segment. Karan Suri, Senior Vice President

22/07/2025

Dominion Sells Six Solar Parks in Dominican Republic for Over USD 375 Million

Spanish engineering company Global Dominion Access has completed a divestment by selling six solar parks in the Dominican Republic for over USD 375 million. The transaction, finalised with investment funds managed by Pioneer Funds and JMMB Funds and advised by GP Capital Partners SRL, marks a milestone in the company’s shift toward a non-ownership model in renewable energy development.

Read more https://www.saurenergy.com/solar-energy-news/dominion-sells-six-solar-parks-in-dominican-republic-for-over-usd-375-million-9522569

22/07/2025

Jharkhand’s Steel MSMEs Key to a Just Energy Transition, Says IEEFA Report

India’s push for decarbonisation in the steel sector must include focused support for micro, small and medium enterprises (MSMEs), particularly in states like Jharkhand, warns a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).

Read more https://www.saurenergy.com/solar-energy-news/jharkhands-steel-msmes-key-to-a-just-energy-transition-says-ieefa-report-9522694

22/07/2025

Juniper Green Energy has commissioned an additional 43 MWp of solar capacity at its hybrid power project in Karanja (Ghadge), Wardha district, Maharashtra, completing the full 103 MWp solar component nearly 16 months ahead of schedule.

Read more https://www.saurenergy.com/solar-energy-news/juniper-green-commissions-43-mwp-solar-capacity-at-maharashtra-hybrid-project-9522534

The project, developed through its subsidiary, supplies electricity to the Maharashtra State Electricity Distribution Company Limited (MSEDCL).

22/07/2025

Solar Leads with 24% Share in IREDA’s ₹79,941 Cr Loan Book; Wind Gets 13%

IREDA solar projects accounted for the largest share at 24% (₹19,190 crore), followed by wind at 13% (₹10,413 crore) State utility loans under the "Others" category made up 19%, hybrid wind-solar composed 3%, and shared and state GENCOs made 5%.

Read more https://www.saurenergy.com/solar-energy-news/solar-leads-with-24-share-in-iredas-79941-cr-loan-book-wind-gets-13-9522331

The IREDA reported a 29% year-on-year increase in operational revenue to ₹1,947 crore as of June 30, 2025, up from ₹1,510 crore in the same period a year ago

22/07/2025

India has developed 48 gigawatts (GW) of inter-state transmission system (ISTS) capacity to facilitate renewable energy evacuation, the government informed the Parliament in a written reply before the Parliament. The move supports the country’s broader ambition of integrating 230 GW of solar and wind energy into the national grid.

Read more https://www.saurenergy.com/solar-energy-news/with-48-gw-completed-india-ramps-up-grid-for-renewable-future-9522302