Suzlon Energy designates Sanjay Baweja as Chief Financial Officer Updated On Sat, Dec 17th, 2016 by Saurenergy Suzlon Energy has appointed Sanjay Baweja as its Chief Financial Officer with effect from December 19, 2016. The Board of Directors of the company at its meeting held on December 16, 2016, has approved the appointment of Sanjay Baweja as the Chief Financial Officer of the Company, with effect from December 19, 2016, Suzlon Energy […] Read more
West Bengal Electricity Utility installs Smart Meters to Curb Power Theft Updated On Sat, Dec 17th, 2016 by Saurenergy In a bid to cut down power theft, the state power department has started installing smart metres for West Bengal Power Distribution Co Ltd. “We have set up a target to install such metres for 1.7 crore consumers. New connections are being given through smart metres,” state Power Minister Sovandeb Chattopadhyay said on the sidelines […] Read more
OneRoof Energy Reduces Workforce Updated On Sat, Dec 17th, 2016 by Saurenergy OneRoof Energy a residential solar services provider and wholly-owned subsidiary of OneRoof Energy Group, Inc. has announced that it has significantly reduced its work force as it begins to wind down its active operations. The company has thus far been unable to secure the significant additional financing necessary to continue its ordinary course sales, marketing […] Read more
SPI Energy acquires 50% equity interest in two solar projects from Japan-based EastAsia Group Updated On Sat, Dec 17th, 2016 by Saurenergy SPI Energy has acquired 50% equity interest in two solar projects currently under construction with combined capacity of 3.98 MW, from Japan-based EastAsia Group Co., Ltd. The Projects are located approximately 50 kilometers east of Tokyo in Chiba Prefecture and each with capacity of 1.99 MW, are currently under construction. The Projects are under certain […] Read more
Trina Solar Announces Shareholders Vote to Approve Going-Private Transaction Updated On Sat, Dec 17th, 2016 by Saurenergy Trina Solar Limited has announced that the Company’s shareholders voted in favor of, among others, the proposal to authorize and approve (i) the previously announced agreement and plan of merger (the “Merger Agreement”) dated August 1, 2016 by and among Fortune Solar Holdings Limited (“Parent”), Red Viburnum Company Limited (“Merger Sub”) and the Company, pursuant […] Read more
Launch scheme to provide jobs through solar project: Parliamentary panel Updated On Fri, Dec 16th, 2016 by Saurenergy A Parliamentary panel has asked the government to launch a scheme to set up solar power projects through qualified unemployed or under-employed youth, as assured by it on the floor of the House. “The implementation of the Assurance given in reply to unstarred question 1778 on March 5, 2015 regarding solar projects is of paramount […] Read more
Fitch assigns BBB- to IREDA’s issuer default ratings Updated On Fri, Dec 16th, 2016 by Saurenergy Fitch Ratings today said it has assigned BBB- to long-term foreign and local currency issuer default ratings on Indian Renewable Energy Development Agency with a stable outlook. “Fitch Ratings has assigned Indian Renewable Energy Development Agency Ltds (IREDA) long-term foreign and local currency Issuer Default Ratings (IDR) of BBB- and short-term IDR of F3. The […] Read more
Meyer Burger announces 99.9% of the subscription rights have been exercised by the end of the rights exercise period Updated On Fri, Dec 16th, 2016 by Saurenergy Meyer Burger Technology has announced that 99.9% of the subscription rights have been exercised by the end of the rights exercise period on 15 December 2016. A total of 456,851,800 new registered shares had been offered. Existing shareholders were offered to subscribe for five new registered shares at an offer price of CHF 0.36 per […] Read more
Vikram Solar appoints Nimish Jain, Jinko Solar’s Deputy Director APAC as Head of Global Module Sales Updated On Fri, Dec 16th, 2016 by Saurenergy Vikram Solar has announced the appointment of its new Head of Global Module Sales- Nimish Jain. In the given role, Nimish would be responsible for driving sales in both domestic and international markets. He would also supervise the accomplishments of targets and P&L of the year, along with recruiting and managing the sales team. Talking […] Read more
