As Panchabuta has earlier discussed, most of the fund-raising in Renewable Energy and Cleantech in India is happening either in early stage companies or in mega project developments.
The biggest investments are in the renewable energy project development companies and projects itself.
There again, there are two different trends that are emerging. One is the funding of green power developers like Orient Green Power Limited, AuroMira Energy etc.
There are also domain specific IPP’s emerging like Azure Power in Solar, Wind farm IPP developers like Caparo Energy and a number of Small Hydro focused developers.
Recently, Kiran Energy- Solar PV focused developer– is said to have received a funding of about $30 million from three prominent private equity players New Silk Route, Bessemer Ventures and Argonaut Ventures for a majority stake.
Last month, Baltimore, US-based SunEdison announced its intention to invest $100 million in solar projects in India and the company’s President, Mr Carlos Domenech, had said that many private equity investors are interested in partnering SunEdison and a deal could be struck in about three months.
Biomass startup developer, AllGreen Energy announced the raising of Series A from Reliance Venture Asset Management and General Electric affiliate for its 6.4 MW biomass project–which involves utilising agricultural waste to generate power–in Tamil Nadu’s Perundurai and the company intends to establish more such projects in the country in the next 10 years totalling nearly 100 MW of installed capacity.
Soham Renewable Energy, a small hydro focused developer was in talks earlier this month with Macquarie SBI Infrastructure fund to raise upto $60 million.
In the cleantech space, Panchabuta is aware of a number of rapidly growing consulting and services companies in the fields of renewable energy project development consultancy, carbon advisory, energy-efficient and monitoring solutions providers and most recently renewable energy certificate consulting and some form of carbon life cycle management.
The Renewable Energy and Cleantech sector has been identified as one of the key focus sectors in Annual Private Equity/ Venture Capital APEX’11 conference that is being organized by Venture Intelligence.
The panel discussions with start with a discussion on “Private Equity: The Road Ahead”, which will include a mix of leading PE/VC Firms and Advisory Firms,who will “crystal ball gaze” on what 2011 holds for the investment environment in India.
In the next panel on Renewable Energy and Cleantech the outlook for the next 3-5 years on the RE/Cleantech industry will be shared by experts in the industry, PE/VC firms, entrepreneurs and top executives from leading Cleantech companies and advisory firms.
Some of the key topics that will be expected to be covered include the opportunities thrown up by the Government’s ambitious Jawaharlal Nehru National Solar Mission, the opportunities and challenges,challenges facing investors in the sector (long gestation periods, etc.) and how they could be overcome, role of technology & scale, future of Carbon Credits, etc. The Industry Speakers will also provide their experience and perspective on working with PE/VC investors.
The organizers of the conference–Venture Intelligence have been kind to offer a special discount to readers of Panchabuta upon our request based on our readers feedback and interest. Please do contact the organizers via email at [email protected] and mention Panchabuta in the subject for the special offer to attend the conference.