Servotech Renewable Power System has officially entered into a definitive agreement to acquire a 27% stake (Post-money valuation) in Rhine Solar, a well-established ALMM-approved PV Module manufacturing company based in New Delhi, India. This strategic acquisition marks a significant milestone in Servotech’s long-term roadmap for expanding its renewable energy portfolio and solidifying its position as a comprehensive solar solutions provider.
This crucial investment propels Servotech directly into the heart of the PV module manufacturing industry. By strategically leveraging Rhine Solar’s existing state-of-the-art infrastructure, its invaluable ALMM-approved facility, and years of deep expertise in solar panel manufacturing, Servotech is poised to establish a robust foundation for large-scale solar panel production within India. Currently, Rhine Solar boasts the manufacturing capacity of 100 MW, and the plan is to significantly escalate this capacity, aiming for an impressive 600 MW by next year. This substantial expansion will not only meet the growing domestic demand for high-quality solar panels but also position Servotech as a key player in the global solar market.
Servotech Renewable Power System (formerly known as Servotech Power Systems) is engaged in manufacturing and selling inverters, uninterruptible power source products, and servo stabilizers under the SERVOTECH brand name in India, south-east Asia, Africa, Europe, and the Middle East.
| Company Name | CMP |
|---|---|
| Havells India | 1300.30 |
| Siemens | 3709.60 |
| Apar Inds | 11977.10 |
| ABB India | 7155.70 |
| Waaree Energies | 3487.20 |
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