Servotech Renewable Power System Ltd. acquires 27% Stake in Rhine Solar Ltd., Bolstering Solar Manufacturing Capabilities

Servotech Renewable Power System Ltd. India’s leading solar solutions and EV charger manufacturer, has officially entered into a definitive agreement to acquire a 27% stake (Post-money valuation) in Rhine Solar Limited, 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 ...