Borosil Renewables completes acquisition of 86% in Europe’s largest solar glass maker Interfloat Group
Borosil Renewables had signed a binding offer for 100% equity in Interfloat Group, Europe’s largest solar glass manufacturer, in April this year.
Borosil Renewables posts 28% net sales increase for FY 2021-22
Borosil Renewables, an Indian solar glass manufacturer, has recorded net sales of around INR 644 crore ($83 million) for fiscal 2021-22. It operated almost at full capacity throughout the year and sold out of everything it produced.
Borosil Renewables to acquire Europe’s largest solar glass maker Interfloat Group
With this acquisition, the Indian manufacturer’s solar glass output will grow to 750 tonnes per day (TPD) from the current 450 TPD.
Borosil Renewables to expand solar glass manufacturing capacity to 2,000 tons per day
The solar panel glass manufacturer expects strong growth in demand for its products at home and abroad with a significant rise expected in the production of PV modules in the USA and Europe.
New solar glass factory to come up in India
Auto glass producer Asahi India Glass and polyfilm maker Vishakha Group have teamed up to set up India’s largest solar glass plant in Gujarat. The factory is initially planned to have a capacity equivalent to 3 GW of solar installation per annum.
Surge in solar panel and polysilicon prices may impact projects in India
Modules represent 45 to 55% of the project capex. In a very competitive market like India, independent power producers have lower margins, and even a modest increase in module prices will put more pressure on them.
Indian solar glass maker’s revenues soared 85.4% in FY2020-21
Despite a Covid-hit first quarter, Borosil Renewables registered a strong growth in annual revenues driven by record sales and high price realizations in the fourth quarter.
Solar glass maker Borosil Renewables bags national award
The government of India has recognized the manufacturer for the development and commercialization of 2mm thick fully-tempered solar glass, Selene anti-glare solar glass, and Shakti solar glass in matt-matt finish.
Government to finance 100 MW Bangladeshi solar plant
The federal government will provide INR968 crore of soft loans for a INR1307 crore, 100 MW solar park near the Jamuna river in Bangladesh’s Jamalpur district, where a second park of a similar size is being planned by Dhaka and a Chinese partner.
Premji-backed Indian firm to make solar glass
Float glass manufacturer Gold Plus Glass Industry confirmed to pv magazine its plans to establish a solar glass factory with a capacity of 300 tonnes per day. The plant, located in south India, will be operational by September 2023.
