Azure Power inks deal with First Solar for 600 MW of High-Performance Modules
Key Insights and Signals in Industrial
Center setup and Expansion Alstom opens new engineering and innovation center in Portugal Located in Maia, the new site is part of the company’s expansion strategy in the country. The new facilities include signaling labs, engineering offices, a warehouse, and a component repair area. Read More>>Deals Alstom to supply 17 additional Coradia Stream EMUs to Romania The Romanian Railway Reform Authority (ARF) has signed an addendum to an initial contract with Alstom to deliver 17 additional Coradia Stream inter-regional EMUs and associated maintenance services. Read More>> First Solar signs supply deal with Azure Power The company has agreed to supply six hundred megawatts of high-performance, advanced thin-film photovoltaic solar modules to India-based renewable energy company Azure Power Global Ltd. The solar PV modules will be manufactured at First Solar’s new manufacturing facility in Tamil Nadu, India. Read More>> Vestas receives 104 MW order in Spain The order has been placed by renewable energy producer Estudios y Proyectos Pradamap, SLU (Grupo Vapat). The contract includes the supply and installation of 23 V150-4.5 MW wind turbines and a 10-year Active Output Management (AOM 4000) service agreement. Read More>>Mergers and Acquisition Eurotech acquires InoNet Computer GmbH The addition of InoNet is intended to give Eurotech relevance, critical mass, and access to the German market. Both InoNet and Eurotech focus on critical applications and high-value-added solutions. In addition to this affinity, the two companies have a strong complementarity of products, markets, and channels. Read More>> Alfa Laval has acquired BunkerMetric The acquisition is part of Alfa Laval’s strategy to expand its digital marine service offering. It will be part of the recently acquired StormGeo, a global leader in weather intelligence software and decision support services. Read More>>Partnership Waterfall Security announces cybersecurity partnership with Alstom The collaboration will focus on securing safety-critical and reliability-critical operations networks for railways and public transport. This partnership is an important response to the growing digitalization and connectivity in metros and railways. Read More>> Rosatom and China Energy Engineering Group join hands for the construction of a hydrogen plant in Sakhalin The two companies have signed a Memorandum of Understanding that lays the foundation for further cooperation on the pilot project of constructing a hydrogen plant on the island of Sakhalin and sets the main conditions for new export supplies of hydrogen from Russia to China. Read More>>Executive Movement Mehdi Sahel appointed as General Manager of Alstom Morocco Mehdi Sahel will be responsible for implementing the Alstom in Motion (AiM) strategy, expanding business operations, and overseeing business and operational performance. Mehdi comes to Alstom with more than two decades of experience in the region and in Europe, including project management and business development. Read More>> Schneider Electric names Tina Hu as the new VP of global supply chain and CX Pacific She replaces Segaran Narayanan, who was in the role for seven years before being appointed as CEO of Tamco, a Schneider Electric company in Malaysia. Hu will lead Schneider’s global supply chain and customer experience division in the Pacific region, including logistics and manufacturing plants. Read More>>Financial and Market Activity Pentair announces quarterly cash dividend The company announced that it would pay a regular quarterly cash dividend of USD 0.21 per share on November 4, 2022, to shareholders of record at the close of business on October 21, 2022. It also marks 2022 as the 46th consecutive year that Pentair has increased its dividend. Read More>> Methode Electronics updates FY 2023 earnings guidance The company provided earnings per share (EPS) guidance of USD 2.70 – USD 3.10 for the period, compared to the consensus estimate of USD 2.82. Furthermore, the company issued revenue guidance of USD 1.16 Bn – USD 1.21 Bn, compared to the consensus revenue estimate of USD 1.18 Bn. Read More>>
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Latest Industry Insights from Draup Braindesk
Funding Alert
OneLayer secures a USD 6.5 Mn investment from Koch Industries About: KDT’s investment will address the growing demand for OneLayer’s Security Platform in multiple verticals, enhance the company’s cyber lab capabilities, expand the company’s commercial reach through its global ecosystem and channel partners, and fuel the company’s overall sales and marketing efforts. Read more>>
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