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Daily Archives: January 18, 2012

India gets Rs 5 billion VC funding in solar energy

According to reports, India received Rs 500 Crore in venture capital funding and over Rs. 5,828 crore in large-scale project funding in 2011 in the solar energy sector, Mercom Capital Group, a global clean energy communications and consulting firm, has said. “Investment activity in 2011 was robust,” said Raj Prabhu, managing partner of Mercom.  “Whether you point to the dramatic module price declines, Europe’s diminishing incentives,  solar continued to gain attention and dollars for technology and innovation through venture capital ... Read More »

India to setup a Smart Meter Task Force:Sam Pitroda

According to reports, the Indian government is planning to set up a “Smart Meter Task Force” that will look into modernising the “primitive ways” of calculating power usage, tech czar Sam Pitroda said Monday. “It is amazing to see how India – which is a super power in Information Technology – lags terribly in the power sector. It is really annoying to see our primitive ways of providing power – be it evacuation, grids, meters or even the way we ... Read More »

VPSPPL commissions 25MW solar PV project in Gujarat

Visual Percept Solar Projects (VPSPPL), a subsidiary of Talma Chemical Industries, today said it has commissioned a 25MW solar photovolatic (PV) project in Gujarat. Talma Chemical Industries, promoted by the Bhanshali family, has launched a special purpose vehicle (SPV) Visual Percept Solar Projects, to develop projects based on photovoltaic technology. The SPV is being headed by investment banker Vallabh Bhanshali’s nephew, Akash Bhanshali. VPSPPL, has signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) for a period of ... Read More »

India Clean Energy Surge Enters Next Phase

According to reports, India is known for setting ambitious development goals and then missing them by a margin that might be laughable if it weren’t so serious. Case in point: Seven years ago, the slogan ‘Power for All by 2012,’ became national policy. Today, India has 288 million people living without electricity access, according to a November 2011 International Energy Agency report. Renewable energy offers an exception to India’s history of overpromised goals. The nation overshot its installation target by ... Read More »

India’s Orb Energy wins first runners-up Zayed Future Energy Prize in SME&NGO category

Orb Solar is one of India’s leading providers of solar energy systems and the largest direct provider of off-grid solar systems in India. Orb sells, installs, and services a full range of off-grid solar systems: solar photovoltaic systems for lighting and back-up power, solar thermal for hot water, solar street lighting for security, as well as energy efficient lights, fans and other appliances. Over the last four years, Orb has installed approximately 25,000 solar systems. In June last year ,Orb ... Read More »

Indian Railways to set up a solar energy and hydro-electric plants

According to reports, the Railways is adopting an environment-friendly attitude and is now mulling over combating energy crisis. It is planning to set up a solar energy producing plants and self-sustaining hydro-electric plants at vacant railway lands in the country. The plans were announced by Union Railway Minister H Muniyappa at the Oil and Gas Conservation Fortnight organised at the Bangalore Palace Grounds. Muniyappa said: “Conservation is only one part of the energy crisis. To combat the crisis, we have ... Read More »

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