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Suzlon Energy has finalized its acquisition of a 51% stake in Renom Energy Services for Rs 400 crore, marking a significant expansion in its renewable energy portfolio. This strategic move not only enhances Suzlon’s operational capabilities in wind and solar O&M services but also positions it to target over 32 GW of non-Suzlon wind assets. Explore the implications of this deal, Suzlon’s recent stock performance, and how it aligns with the company’s long-term growth strategy.
Gensol Engineering is making a significant move into the US renewable energy market with the establishment of its new subsidiary, Scorpius Trackers Inc. Based in California, Scorpius Trackers Inc. is set to supply over 2,000 MW of solar trackers annually by 2028. This expansion marks a strategic effort by Gensol Engineering to leverage its extensive experience and capitalize on the growing demand for solar technology in one of the world’s leading renewable energy hubs