SolarEdge Announces Workforce Reduction Globally

24 Jan 2024 CW Team

The company, known for its innovation in solar inverters and energy solutions, is navigating changes in the industry landscape, leading to a restructuring of its operations. Global workforce reduction is a measure aimed at optimizing resources and maintaining competitiveness in the evolving solar market.

SolarEdge's decision reflects the dynamic nature of the solar industry, where companies often adapt to market trends and economic conditions. The global restructuring is anticipated to streamline operations, enhance efficiency, and align the workforce with the company's revised strategic objectives.

As SolarEdge adjusts its global workforce, the company remains committed to its core mission of advancing solar technology and contributing to the renewable energy sector. The move is part of SolarEdge's ongoing efforts to stay agile in a rapidly changing market environment and position itself for sustained growth.

While specific details about the extent of the workforce reduction are not provided in the initial announcement, SolarEdge's strategic decision underscores the need for adaptability and resilience in the solar industry. As the company navigates these changes, it aims to emerge stronger, ensuring its continued role in driving innovation and efficiency in the solar energy space.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..