NEW DELHI: Servotech Renewable Power Systems Ltd, a major player in the Indian renewable energy sector, has acquired a 27?per?cent equity stake in German solar specialist Rhine Solar. This strategic investment aims to deepen Servotech's footprint in solar manufacturing and accelerate its global expansion in photovoltaic (PV) cells and modules.
The move builds on Servotech’s recent push into solar cell and module production—envisioned as backward integration ahead of India's domestic sourcing mandates for PV projects from June 2026. By partnering with Rhine Solar, Servotech plans to advance its solar credentials internationally and capture growth in Europe’s clean-energy markets.
Raman Bhatia, Servotech’s founder & managing director, emphasized the company’s commitment to sustainable energy and stated that this deal supports broader initiatives—such as solar-powered EV charging and rural electrification—while strengthening India–Europe renewables collaboration.
