U.S. solar power equipment company Array Technologies sold shares in its initial public offering (IPO) on Wednesday at $22 apiece, above its target range, to raise $1.05 billion. The IPO values Array, which is backed by U.S. private equity firm Oaktree Capital, at $2.8 billion. The company also had $749.2 million in debt as of […]
Import of solar power equipment: Govt to set mandatory standards
The government has taken move to set mandatory standards for imports of solar power equipment with an aim to further expansion of the local industry with quality products. Currently the country’s solar power sector vastly depends on imports. Only 20 to 25 per cent production of the sector is local and rest comes from China, […]
