SolarEdge Revenue Surges 82% at $209.9 Mn in Q1 Updated On Fri, May 11th, 2018 by Saurenergy Strong first quarter results with record revenues and record profitability, despite the traditional seasonal slowdown and continued industry wide components shortages, says Guy Sella. Israel-based inverter solutions provider SolarEdge Technologies reported its robust total revenue jumped by 82 percent at USD 209.9 million in the first quarter of 2018 from USD 115.1 million last year, and rose 11 […] Read more
SolarEdge Set to Enter Footprints in UPS Market via Gamatronic’s Acquisition Updated On Fri, May 11th, 2018 by Saurenergy The agreement is subject to customary closing conditions and is expected to close by the end of the second quarter of 2018. With an aim to move into the markets beyond solar arena, publicly listed PV inverter maker, SolarEdge Technologies will enter into the UPS market by signing an asset purchase agreement with Gamatronic Electronic […] Read more
NTPC’s Ananthapuram Solar Park Auction tariffs floated at Rs 2.8 per unit Updated On Thu, May 10th, 2018 by Saurenergy Earlier, in the last weeks of March, the bids in the auction of 500 MW were in range of Rs 2.98-3.06 per unit. However, dismayed with the tariff rates, the government of Gujarat cancelled the auction and may re-issue new tenders soon. In a latest auction for 750 MW at Ananthapuram Solar Park in Andhra […] Read more
Radite Energy Bags 1.3 MW Rooftop Solar Project from Azure Power Updated On Sat, May 5th, 2018 by Saurenergy As per the deal, the company will be responsible for the complete installation and commissioning (I&C) of the project. In a significant development, Gurgaon based Radite Energy has bagged 1.3 MW rooftop solar project from Azure Power for Noida’s Gautam Buddha University. As per the deal, the company will be responsible for the complete […] Read more
SECI Invites Bids for Aggregating 3.37 GW Solar Power Projects across India Updated On Mon, Apr 30th, 2018 by Saurenergy The bunch of projects includes setting up of 2,000 MW (250 MW x 8) ISTS-connected solar power projects in India on build own operate basis. The Solar Energy Corporation of India (SECI) has invited proposals for selection of solar power developers for the installation of aggregating 3.375 GW solar PV projects on pan India basis. […] Read more
ISA to Create Ecosystems for Startups in Solar Innovations Updated On Mon, Apr 30th, 2018 by Saurenergy With the help of global corporates, we expect this transformative action to be undertaken on ground, resulting in access to light for the 1 billion unconnected people, said Upendra Tripathy. India-led International Solar Alliance (ISA) will create ecosystems for startups in solar innovations by enabling incubation, partnerships, access to finance and standards. The task force, set up […] Read more
Grundfos Eyes on Solar, Smart Pumps to Double India Revenue Updated On Fri, Apr 27th, 2018 by Saurenergy Grundfos is using energy efficient, IT-enabled offerings from its Danish parent’s portfolio. That is apart from the locally-developed solar pumps that are available in Indian market. In a bid to double its revenue to Rs 1,000 Crore, Grundfos India Ltd is expanding its network by betting big on ‘Make in India’ solar pump for rural […] Read more
JMU to Get 2.5 MW Solar Plant by SunSource Energy Updated On Wed, Apr 25th, 2018 by Saurenergy SunSource recently signed an MoU with Jamia Millia Islamia University University of Jamia The university recently signed an MOU to accomplish the project on a turnkey basis under the Renewable Energy Service Company model (RESCO) for the next quarter of a century. To help Jamia Millia Islamia University to save around Rs 1 Crore at […] Read more
Adani’s Mundra Solar Seeks to be $1bn Firm in 2-3 Years Updated On Mon, Apr 23rd, 2018 by Saurenergy In next 2-3 years, it is also mulling to scale up its manufacturing capacity of modules and cells from the current 1,200 MW to around 3,000 MW. Adani Group’s solar PV manufacturing arm, Mundra Solar PV, eyes to become a USD 1 billion company over the next 2-3 years. In next 2-3 years, it is […] Read more
