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
Mytrah Energy Successfully Raises Rs. 1800 Crore Updated On Tue, Sep 19th, 2017 by Saurenergy The 1800 crore fund is being invested in the form of non-convertible debentures (“NCDs”) with a 7-year tenor into two Mytrah Group entities, Mytrah Energy (India) Private Limited (Rs. 980 crores) and Mytrah Ujjwal Power Private Limited (Rs. 820 crores). Mytrah, the Hyderabad-based renewable power producer has raised Rs 1,800 crores from Piramal Group’s financial […] Read more
GCL-Poly Energy to Launch New Range of Products after Successful Acquisition Updated On Mon, Sep 18th, 2017 by Saurenergy GCL-Poly Energy Holdings Ltd released first-quarter production and sales figures, including a 10.6% rise in wafer sales, and said it is soon launching new products with “higher quality and better price”. The company lately said the new products will be rolled out in the current quarter. It has completed the purchase of assets of SunEdison […] Read more
Congress VP Rahul Gandhi visits Sun Power research center and Tesla factory in US Updated On Wed, Sep 13th, 2017 by Saurenergy Rahul Gandhi has visited a research centre in California and interacted with scientists to understand the utility of solar power for India. Rahul Gandhi has visited a research centre in California and interacted with scientists to understand the utility of solar power for India. Gandhi, 47, spent several hours at Sun Power and sought information […] Read more
Viz-A-Viz with Rajen Shah, Managing Director | Ecoprogetti Production Process India Pvt Ltd. Updated On Wed, Sep 13th, 2017 by Saurenergy Q. Flexibility, simplicity & Modularity are the 3 Key words that are been followed in Ecoprogetti. Please elaborate more on each of them. Our company started with the back ground of module manufacturing in Italy in 1988 when no machines were available for mass production. We made machines for the process which was most important during […] Read more
Ultimate Sun Systems ropes in Sabyasachi Pattanaik as Vice President – Business Development Updated On Sat, Sep 9th, 2017 by Saurenergy Sabyasachi previously served as the Head of Business Strategy, Development, Sales & Marketing at GP Green Energy Systems Pvt. Ltd. Ultimate Sun Systems has appointed industry veteran- Sabyasachi Pattanaik as Vice President – Business Development. The seasoned professional has 18.5+ years of all-round experience in Infrastructure, Energy, and Power industries. He is skilled in international/strategic […] Read more
State distribution companies (discoms) are biggest obstacle on open access for solar power Updated On Fri, Sep 8th, 2017 by Saurenergy Open access (OA) was one of the main components of the Electricity Act (2003), introduced in an effort to attract private investment in the electricity generation sector, thereby encouraging competition. There is an increasing opportunity to innovate in solar markets in India thanks to the rapidly declining price of photovoltaics (PV). While large-scale ground-mounted solar […] Read more
Sembcorp Increases its Stake in India Renewable Energy Business, acquires IDFC PE for Rs. 1400 crore Updated On Fri, Sep 1st, 2017 by Saurenergy Sembcorp Utilities has exercised its contractual right to acquire IDFC’s remaining shares in SGI Sembcorp Industries has announced that its wholly-owned subsidiary Sembcorp Utilities has entered into an agreement to acquire IDFC Private Equity Fund III (IDFC)’s remaining stake in Sembcorp Green Infra (SGI), for Rs. 1410.2 Crores. With this, Sembcorp will become the sole owner […] Read more
