星期五, 十月 23, 2020
Home PV News SunEdison’s rooftop solar arm acquires Sherisha Solar

SunEdison’s rooftop solar arm acquires Sherisha Solar

The Chennai-based solar EPC contractor and trader, which formed SIL Rooftop Solar as the new subsidiary in October, has included battery-based energy storage as a focus area in addition to renewable energy projects.

Source:pv magazine

Chennai-based SunEdison Infrastructure, through its arm SIL Rooftop Solar Power, has acquired 100% of the equity interests of promoter group company Sherisha Solar. As a result, Sherisha Solar has become step-down subsidiary of SunEdison Infrastructure Limited.

SunEdison Infrastructure, which is engaged in trading and solar EPC (engineering, procurement and construction) services, has identified battery-based energy storage as a focus area in addition to renewable energy projects. Its board of directors recently approved the proposal to alter the object clause of Memorandum of Association so as to reflect the company’s magnitude of operations in solar and storage post change in name from YKM Industries.

SIL Rooftop Solar was formed after the company noted in its annual report a frenzy in installation of mini solar plants on rooftops across India.

“Some Government Departments like Railways and other Navaratna’s have called for tenders to install such plants over their factories and offices. In the days ahead, we are expecting many more such tenders for distributed rooftop solar plants with guaranteed purchase of power by these enterprises to reduce their energy costs”—read the company statement in its annual report for FY2018-19.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Apple data center in Denmark powered by 50 MW of solar

Apple has revealed that its data center in Viborg, Denmark, is now being powered by a 50 MW solar project under a long-term power...

Solar + storage experiment in Tampa Bay selected for Solar Energy Innovation Network project

An innovative solar + storage research project led by the Tampa Bay Regional Planning Council has been selected as a finalist for the Solar...

Chinese PV Industry Brief: 350 MW wind-solar project, 200 MW of floating PV

Longyuan Energy said this week that it has signed an agreement with the municipal authorities in Binzhou, Shandong province, to build 300 MW of solar...

IEEE creates education and credentialing program for interconnecting distributed resources to the grid

IEEE and the IEEE Standards Association (IEEE SA) announced the IEEE Std 1547-2018 Distributed Energy Resources (DER) Interconnection Commissioning: Education and Credentialing Program, a new...