Reliance Acquires REC Group in $771 Million Buy Out Updated On Sun, Oct 10th, 2021 by Saurenergy In a stock exchange filing today, Reliance Industries Limited (RIL) today acquired Norway-headquartered solar module maker REC Solar Holdings (REC Group) for an enterprise value of US$ 771 million (around Rs 5,800 crore) from China National Bluestar. The acquisition was done through its fully owned subsidiary, Reliance New Energy Solar Limited. “Reliance New Energy Solar […] Read more
Servotech, 2Power to Invest €10 M to Introduce PVT Tech in India Updated On Thu, Oct 7th, 2021 by Saurenergy Indian manufacturer of LED Lights and solar products Servotech Power Systems Ltd. has announced its collaboration with German solar module company 2Power Gmbh to bring PVT Technology 2Power WP+ system in India. Through this PVT technology, now solar modules will produce electricity, heat and cooling through the adsorption process. Through this collaboration, Servotech, which recently […] Read more
REI 2021 | Conversation with Sudhir Moola, Director at Premier Energies Updated On Fri, Oct 1st, 2021 by Saurenergy Premier Energies, after the recent expansion of its manufacturing facility for solar modules and cells, has become one of the largest manufacturers based out of South India. The Telangana based firm has ramped up capacities at a time when demand for solar power is set to shoot to all time highs for the next […] Read more
The Waaree Energies IPO Finally Moves Closer, Marks A Major Step for Manufacturers Updated On Wed, Sep 29th, 2021 by Saurenergy Mumbai-based Waaree Energies, India’s largest solar module manufacturer, has filed a draft red herring prospectus (DRHP) with markets regulator Securities and Exchange Board of India (SEBI) to raise Rs 1,350 crore via an initial public offer (IPO). The issue will also have an offer for sale by promoters. The news comes even as enough indications […] Read more
A PLI Scheme For Inverters Could be a Game Changer for India Updated On Wed, Sep 15th, 2021 by Saurenergy For Fimer India, ever since it completed its acquisition of ABB’s Solar Inverter business in March 2020, it has been all about building on it in India. Present in the country since 2010, it’s not like the firm was not known brand in India. Just that they are suddenly in the top tier, with plans […] Read more
“Low Ceiling Tariff Has Impacted the Participation of Farmers and Developers in PMKUSUM” Updated On Tue, Sep 14th, 2021 by Saurenergy SAEL Limited has emerged as a key solar EPC in North India, with an established capacity of 350 MW already in place. The firm is currently setting up 300MW fully automated Module Manufacturing Facility at Firozpur, Punjab. This will also Manufacture EV Chargers as well as Li-Ion Batteries for EV Market. We got in touch […] Read more
Supply Chain Issues Likely To Linger All Through 2021 And Beyond For Manufacturers Updated On Mon, Sep 13th, 2021 by Saurenergy The news from inverter manufacturer SMA Solar Technology of a miss on its guidance for 2021 on the back of undersupply of electronic components has not surprised anyone. The news is especially worrying for an industry that has otherwise been remarkably resilient in the wake of disruptions ever since Covid hit in early 2020. SMA’s […] Read more
Borosil Renewables Q1 Results. Some Speed Bumps, But A Long Clear Road Ahead Updated On Thu, Aug 12th, 2021 by Saurenergy Continuing its smart turnaround on the back of high solar glass prices, Mumbai-based solar glass manufacturer Borosil Renewables has reported a net profit of Rs 39.62 crore in Q1 FY22 as against a net loss of Rs 1.87 crore in Q1 FY21. The stunning results follow from a 151.8% YoY increase in net sales to […] Read more
Premier Energies to Invest ₹1200 Cr for Additional 2 GW Capacity Updated On Wed, Jul 28th, 2021 by Saurenergy Telangana-based Premier Energies is planning to expand its annual manufacturing capacity by 2 GW through an investment of around Rs 1,200 crore over the next 2 years. The solar PV cells and module maker’s existing capacity stands at 1 GW. Chiranjeev Saluja, Founder and Managing Director, Premier Energies, has said, “The plan is to be […] Read more
