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
Will Larger Solar Module Sizes Work For Everyone? Updated On Tue, Feb 23rd, 2021 by Saurenergy As Panel Sizes Grow, Time For A Reality Check For C&I Buyers & Residential homeowners looking for Rooftop Solar. The second half of 2020 marked a new shift in the solar module segment, with many manufacturers announcing the launch of bigger, better & higher output modules. Some have called these the next level of technology […] Read more
Non China Solar Brands Eye Opportunities Updated On Wed, Sep 30th, 2020 by Saurenergy As the focus shifts to alternatives to made in China brands, domestic as well as other international brands sense an opportunity to grow faster in the Indian market Solar has been one of those few sectors where we can be proud of our achievements, thanks to special attention it received from the government. But even […] Read more
5 Reasons Why Rooftop Solar Needs to Make The Technology Jump Updated On Tue, Aug 4th, 2020 by Saurenergy Pick Smart India’s ambitious solar targets of 100 GW by 2022, and 450 GW by 2030, are largely built around massive ramp ups in large scale deployments, or ‘utility scale’ solar. These comprise designated solar parks, even ultra large parks, and other hundred MW plus installations that will feed into the grid directly. But the […] Read more
REC’s Alpha Series Gets BIS Certification Updated On Wed, Jun 24th, 2020 by Saurenergy REC Group, the largest European solar PV brand with over 500MW of installed capacity in Indian subcontinent, has announced the successful certification of its Alpha series by the Bureau of Indian Standards. The Alpha series, based on the breakthrough Hetero junction technology (HJT) offers a high quality option to Indian buyers now, especially those looking […] Read more
Reverse Bidding Is Not Always The Best Friend For Quality: Rohit Kumar Updated On Fri, Aug 23rd, 2019 by Saurenergy Reverse bidding is not always the best friend for quality specifically in the Indian context, and this was also highlighted recently by PI Berlin study tour where the PV consultancy PI Berlin issued a report highlighting serious safety concerns, poor installation practices on system output monitoring, as well as a worrying lack of warranties. We […] Read more
REC Group Becomes 1st Solar Panels’ European Brand to be Certified by BIS Updated On Sat, Oct 6th, 2018 by Saurenergy The certification by BIS is now a mandatory requirement for all solar panels imported to or manufactured in India. Europe-based REC Group’s ‘72-cell product with multi award-winning TwinPeak Technology’ has received certification from the Bureau of Indian Standards (BIS). The company said in a statement that, this new accreditation allows the REC TwinPeak 2S 72 Series – the […] Read more
Safeguarding & Uplifting Indian Sun – Industry Perspective Updated On Wed, Sep 26th, 2018 by Saurenergy As Indian Government has laid the ground work for safeguarding the ‘domestic solar photovoltaic module manufacturing industry’ – which seems to be in the back burner for some time. Despite of certain concerns such as safeguarding the interests of manufacturers in SEZs, everybody is waiting, by holding their breath, for the upcoming decision of the […] Read more
Interview with Rohit Kumar, Head of Indian Subcontinent, REC Updated On Sat, Sep 17th, 2016 by Saurenergy Marking its 20th anniversary in 2016, REC has two decades of experience and is a demonstrated long-term player in the solar industry. Founded in 1996, the company is headquartered in Norway (operational headquarters in Singapore) employing 2,000 people worldwide with offices, representatives and partnerships in place to help meet the world’s growing energy needs. REC […] Read more
