SolarEdge Posts Record Revenue at $431.2 Mn in Q1; Driven by Solar Biz Updated On Thu, May 7th, 2020 by Saurenergy Israel-based smart energy technology specialist, SolarEdge Technologies (SolarEdge) has reported its robust total revenue jumped by 59 percent at USD 431.2 million in the first quarter of 2020 from USD 271.9 million last year, mainly on account of record revenue from the solar business. Moreover, it’s net diluted earnings per share (EPS) during the quarter […] Read more
MIC to Sell Solar, Wind Biz to Goldman, DIF for $215 Mn Updated On Fri, Apr 5th, 2019 by Saurenergy The company has already planned to use these proceeds to invest in the growth of its remaining businesses. After Amtech Systems, recently, revealed its plan to sell its solar business, US-based Macquarie Infrastructure Corporation (MIC) has also inked a pact to sell its entire wind and solar power generation businesses. As per the deal, the […] Read more
Amtech Mulls to Sell Solar Biz; Aims to Focus on Profitable Semiconductor Biz Updated On Thu, Apr 4th, 2019 by Saurenergy The reason behind selling its solar assets is that significant investment is required to effectively compete in the changing solar industry. US-based Amtech Systems has decided to divest it’s solar businesses, including Tempress and SoLayTec subsidiaries, along with an aim to focus solely on growth opportunities in it’s a semiconductor and SiC/LED polishing businesses. The […] Read more
Amplus to Setup 400 MW Solar Capacity in UP; Mulls to Invest Rs 2,000 Cr by FY21 Updated On Mon, Jul 30th, 2018 by Saurenergy The Gurgaon headquartered, Amplus Solar made the announcement of solar capacity in UP during the Ground-Breaking Ceremony held on July 29 by Uttar Pradesh Government to felicitate its investing partners in Lucknow. Amplus Energy Solutions plans to invest Rs 2,000 core in Uttar Pradesh (UP) by Fiscal 2021 as part of the GoUP’s Solar Policy […] Read more
Greenko in Advance Stages of Buying Essel Infra’s Solar Biz Updated On Tue, Jun 5th, 2018 by Saurenergy When contacted, an Essel spokesperson told sources, “As an infrastructure conglomerate, we keep on evaluating various opportunities. However, we would not like to comment on market speculation.” Greenko also declined to comment on the deal. A part of Subhash Chandra-led Essel group, Essel Infraprojects is in advance stage of selling 685 MW solar business to […] Read more
Sanjib Datta Takes Over as Managing Director of Mahanagar Gas Limited Updated On Mon, Jun 4th, 2018 by Saurenergy Mr. Sanjib Datta, Executive Director (Business Development), GAIL has taken over charge as Managing Director of Mahanagar Gas Limited on 30th May 2018. Mr. Datta, an Electrical Engineer from Jadavpur University- Kolkata, has a rich experience of over 32 years in handling multifarious assignments in the natural gas sector, covering diverse functions like, Business Development, […] Read more
Start Your Solar Business Updated On Tue, Oct 17th, 2017 by Saurenergy Solar power business in India is mollycoddling. The opportunity in this sector is dynamic and extolling. Every person in this country today has a well economic space to edify his/her solar business without thinking of capital and ancillary expenses. Evading figures, it’s a well-known that India today walks on a red carpet in the worldwide […] Read more
Orange Renewable Commissions 140MW Solar Power Projects in Gujarat and Maharashtra Updated On Tue, Oct 17th, 2017 by Saurenergy The projects with respective capacity of 40 MW (Charankar Solar Park, Gujarat) and 100 MW (Dhule, Maharashtra) were bagged through a competitive bidding process in 2016 conducted by SECI. Orange Renewable, a 100% subsidiary of Singapore-based AT Holdings Pte. Ltd successfully commissioned a total capacity of 140 MW Solar PV Projects in the state of […] Read more
ReneSola quits solar manufacturing, Completes Disposition of Manufacturing and LED Distribution Businesses Updated On Wed, Oct 4th, 2017 by Saurenergy “The Buyer beneficially owned, directly or indirectly through SGP and other intermediaries, approximately 57.3% of the total issued and outstanding Shares of ReneSolar.” ReneSola has announced the completion of the closing of the transactions contemplated by the previously announced share purchase and subscription agreement (the “SPA”) with Xianshou Li, Chairman and Chief Executive Officer of […] Read more
