A transaction related to the sale of wind turbine manufacturer Senvion’s India business has been completed.
According to media reports, the Saudi Arabia-based manufacturer of power equipment Alfanar has completed the acquisition of Senvion’s India business. Alfanar completed the transaction through Global Renewable Energy Development Holding Company Limited, which had acquired Senvion India in December 2020.
Senvion has had a roller-coaster relationship with India. Senvion Group was acquired by Suzlon Energy, once India’s largest wind energy solutions provider, in 2007. The group was known as REpower Systems at that time. Suzlon was forced to sell Senvion in 2016 to a private equity investor after the former entered a financial tailspin.
In 2019, Senvion filed for bankruptcy and sold 9 gigawatts of wind energy assets to Siemens Gamesa, but separated its India business into a standalone company. The Indian company did manage to get some business, but has been unable to compete in a saturated market that has domestic players like Suzlon Energy and Inox Wind as well as foreign companies like Vestas, Siemens Gamesa, and GE.
Alfanar does not have a large presence in India, but was able to secure rights to develop 300 megawatts of wind energy projects in an auction conducted by the Solar Energy Corporation of India. This acquisition seems to suggest the Alfanar may expand its portfolio as well as offerings in the Indian wind energy market.
The auto research portal says that’s a $50 drop in the monthly payment with $2,050 less required at signing. As a result, the effective cost fell $126, from $547 per month to $421 before taxes & fees.
The Polestar 2 Dual Motor – list price $55,300 – is a much better deal to lease than the Single Motor model – list price $49,900 – because amazingly, they have the same lease price. That’s basically a free upgrade to the Dual Motor model.
The Polestar 2 first made its debut in 2019 as the automaker’s first fully electric car. It launched in mid-2020 and the milestone 150,000th car rolled off the assembly line in August 2023.
The Polestar 2 is expected to be phased out in 2027, and company says the Polestar 7 will succeed it.
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Elon Musk has given an update with an outline for Tesla’s upcoming Full Self-Driving (FSD) software updates.
With FSD v12 and the upcoming launch of Tesla’s dedicated Robotaxi, there’s a lot of excitement around Tesla’s self-driving effort.
Musk is again in the too-familiar position of predicting that the automaker is close to releasing a true self-driving system, but the path to get there is still far from clear.
Now the CEO is providing some new comments on the upcoming release schedule for FSD:
“12.4 has almost completely retrained models. The final touches are for comfort, as it sometimes accelerates or brakes too fast for most people’s taste.”
Tesla FSD drivers are currently on 12.3.6 and the .4 update is expected to be a bigger step change, which Musk appears to confirm by saying that Tesla “completely retrained” the models.
The CEO recently said that Tesla is no longer constrained by training compute power after bringing more capacity online, giving the FSD team more opportunities to retrain neural nets with increasingly cleaner data.
Musk then continued about Tesla’s upcoming updates:
12.5 and 12.6 are in various stages of testing. We’re getting into rare, complex situations, for example: going down a narrow, one-way road, encountering a road closure and having to reverse out to find a new route. That closure also needs to be communicated to the rest of the fleet, so you don’t get a whole bunch of Teslas stuck down a road.
There’s no timeline for these upcoming updates beyond the fact that they are currently in internal testing, but Musk did say that v12.4 could come to the Tesla fleet as soon next week.
Electrek’s Take
Again, I’ve been impressed with v12.3.3-4. I’ve just got v12.3.6, but I haven’t had time to test it yet. I plan to do that this weekend. Also, I’ve been saying that if I start seeing decent improvements with the upcoming updates, I think I’ll start to see a clearer path to Tesla finally delivering on its promise – or at least a level 4 self-driving system.
However, as usual, when talking about FSD and especially when praising the system, I think it’s important to remind everyone that the keyword in ‘Supervised Full Self-Driving’ is ‘Supervised.’ Drivers need to remain attentive at all times and ready to take control.
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