Fuji is seeking to buy a majority stake in Consul Neowatt, which is owned by the private equity fund Peepul Capital. Japanese electric and thermal energy major Fuji Electric is in the final stages of discussions to acquire Consul Neowatt Power Solutions, a Chennai based power backup manufacturer, in a deal worth $100 million (Rs […]
Tata Power-DDL ties up with European firms to implement smart grid pilot in Delhi
Tata Power-DDL Friday joined hands with European firms Enedis, Schneider Electric, Odit-e and VaasaETT to implement a 1-megawatt smart grid demonstration project in the national capital, which would be insulated from any blackout in the main grid. This microgrid will cater to a specific area which could be connected to main grid or can be […]
What Recent PV Inverter Headlines Say About the Evolving Market Landscape
Huawei, Kaco and Schneider—three of the top global PV inverter vendors—have all made news lately. The last week of February saw a flurry of news tied to three of the largest solar PV inverter vendors in the world. The week began with 11 senators penning a letter to Secretaries Rick Perry of the Department of […]
Invenergy Future Fund Closes $150M Fund, Changes Name to Energize Ventures
Invenergy Future Fund Closes $150M Fund, Changes Name to Energize Ventures GE, Schneider Electric and WEC Energy are among the LPs in an expanded venture fund that’s put $30 million into five startups so far and has $120 million more to go. Invenergy Future Fund has invested about $30 million in five very different startups […]
Schneider Electric, partnering with Temasek, has reached an agreement to buy Larsen & Toubro’s Electrical & Automation business and will combine it with its Low Voltage & Industrial Automation Products business in India
Key highlights: Combined business well-positioned to serve the fast-growing Indian Energy Management and Industrial Automation Market Transaction to combine Schneider Electric’s strong global technology platform, digital offers and global presence with L&T Electrical & Automation’s wide domestic reach, coupled with end-to-end R&D and manufacturing capabilities specific to Indian market Make in India: Post transaction, India […]