RE Updates - SmartEnergy

Redington collaborates with Hoymiles and PIXON to accelerate the adoption of Solar Solutions and Green Energy Products in India

24May

By Editorial TeamNo Comments

Industry Updates, RE Industry Updates, RE Updates

Redington collaborates with Hoymiles and PIXON to accelerate the adoption of Solar Solutions and Green Energy Products in India

Redington Limited , a leading technology solutions provider, announced its partnerships with Hoymiles Microinverters and PIXON Group, two leading solar manufacturing companies, to distribute micro-inverters, solar panels, and other green energy products on PAN India basis. As part of the partnerships, Redington will enable the seamless distribution of Hoymiles and PIXON’s best-in-class quality products such as highly efficient micro-inverters, solar panels, and other technologically advanced products in the solar ecosystem. The partnerships also entail the potential of expanding Hoymiles and PIXON’s reach to other markets in India and strengthening Redington’s current portfolio of solar products. These partnerships will help Redington accelerate the mainstream adoption of solar power b...

Ingeteam launches a Control System for Hybridising different Renewable Energy plants

16May

By Editorial TeamNo Comments

RE Updates, Uncategorised

Ingeteam launches a Control System for Hybridising different Renewable Energy plants

Ingeteam has designed and manufactured the first units of its new control system for hybridising renewable energy plants with different generation technologies. This new system, which is currently under certification process in accordance with the Spanish NTS standard, will soon be installed in the province of Cuenca to hybridise two wind farms with two photovoltaic plants, which will in turn be equipped with Ingeteam photovoltaic inverters. This new solution, called INGECON SUN Multi-Plant Controller, is designed to help the Grid Operator to manage the operation of several generation plants simultaneously, guaranteeing the stability and control of the electricity supply of the renewable hub at the point of connection. It has an advanced control algorithm that runs at a speed that allo...

Solar Ladder Raises 11 Crores in Seed Funding from Axilor Ventures, Titan Capital, DeVC, Stride Ventures and Angel Investors

15May

By Editorial TeamNo Comments

Industry Updates, RE Industry Updates, RE Updates

Solar Ladder Raises 11 Crores in Seed Funding from Axilor Ventures, Titan Capital, DeVC, Stride Ventures and Angel Investors

Solar Ladder, a supply chain platform for Solar Installation companies announced it has raised 11 Crores in seed funding from Axilor Ventures, Titan Capital, DeVC, Stride Ventures, and angels from Atha Group, NIPHA group, Varun Alagh (Founder, Mamaearth), Subin Mitra and Aditya Bandi of Groyyo, Deepak Jain (Partner, Bain and Co.) among others. The recently acquired funds will be utilized to distribute software that automates processes for solar installers, allowing them to expand their business tenfold and aims to become the go-to ecosystem for solar installation companies. Solar Ladder aims to establish a robust marketplace that enables cheaper procurement, provides short-term embedded credit and insurance products to meet installers' working capital requirements, and offers long-term...

KKR to Invest Additional $250 million in Serentica Renewables

15May

By Editorial TeamNo Comments

Industry Updates, Must Read, RE Industry Updates, RE Updates

KKR to Invest Additional $250 million in Serentica Renewables

In a move that reinforces its commitment towards Serentica Renwables, Private equity firm KKR has decided to invest an additional $250 million (about Rs 2,044 crore) in Serentica Renewables. This is an additional investment to one that the firm has already done in the month of Nov 2022. For bigginers, Serentica Renewable is focused on industrial decarbonization, by making renewables the primary source of energy for the commercial & industrial segment which consumes more than 50% of the electricity generated in India. Serentica said in a statement released that it is now gearing up to install 4,000 MW of renewable energy capacity that will aid clean energy delivery to large-scale industrial customers. The company is already developing solar and wind power projects across Ra...

EKI Energy Services Ltd. is Now Great Place to Work®Certified

30Apr

By Editorial TeamNo Comments

Industry Updates, RE Industry Updates, RE Updates

EKI Energy Services Ltd. is Now Great Place to Work®Certified

EKI Energy Services Ltd (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it has been Great Place to Work®Certified (GPTW) in India, becoming the first top global carbon consulting company to gain the recognition. The certification is purely based on employees' experience of working at EKI and validates how EKI continues to progress in building a strong organisational culture that is aligned with its values. Mr. Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, "We are extremely pleased with the recognition. At EKI, we have fostered an inclusive, productive and positive work environment that unites our employees and helps them set a clear direction. We strongly believe that building high-performing teams hinges on the cultu...

Prozeal Infra Gets First Round of Funding from Alchemie Ventures

30Apr

By Editorial TeamNo Comments

Industry Updates, RE Industry Updates, RE Updates

Prozeal Infra Gets First Round of Funding from Alchemie Ventures

Prozeal Infra Engineering Pvt. Ltd. has announced their first round of funding led by Chandrakant Gogri's family office arm – Alchemie Ventures. The $4 Million (approx. INR 32.5 Crore) investment is for a minority stake at an undisclosed valuation. The funds will be used to scale operations and execute developer-model projects for energy and utility companies. Incorp Advisory was the exclusive investment banker for the transaction, which represents the largest Series-A fundraising transaction in India's Solar EPC space in over 2 years. Prozeal Infra is a home-grown venture founded by two Ahmedabad-based co-founders. The company already has an order book worth INR 1,000 crore ($120 million) that will be fulfilled over t...