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Daily Archives: July 13, 2017

Warburg Pincus invests USD 100 Million in CleanMax Solar

CleanMax Solar, India’s largest rooftop solar developer for the corporate sector, today announced that it has secured equity financing of up to USD 100 million from an affiliate of Warburg Pincus, a global private equity firm focused on growth investing. CleanMax Solar enjoys 24% market share in India’s booming rooftop solar market (Source: Bridge to India 2017 report) and has numerous marquee clients including the Tata group, the Mahindra group, the TVS group, Carlsberg India, Konecranes India, Carl Zeiss India, Manipal Education and Medical Group, SKF ... Read More »

Solar projects: India hopes to meet WTO deadline on sourcing norms

According to reports, India is hopeful of adhering to the World Trade Organisation’s year-end deadline for removing the compulsory domestic-sourcing clause in its national solar energy generation programme, as all ongoing projects are likely to be complete by then, a government official has said. “The Ministry of New and Renewable Energy is in regular touch with all power producers under the programme, and is confident that all ongoing projects will be implemented by December,” the official told BusinessLine. Fresh projects under ... Read More »

JSW Energy looks at new opportunities in renewables

According to reports, Sajjan Jindal-led JSW Energy is exploring new opportunities in renewable energy space and transmission and distribution segment, the company said in its annual report 2016-17. Given the stress in power sector, the company anticipates consolidation in the domestic space which would offer it a good prospect for investing in future, it said. Moreover, going forward, JSW Energy is renewing its focus on cost optimisation and as part of this, planning to utilise domestic coal in its coal ... Read More »

RE long-term demand outlook is positive: ICRA

According to reports, owing to improving cost competitiveness of wind and solar power coupled with favourable policy support from both Central and state governments, the long-term demand outlook for renewable energy (RE) sector looks strong, says ICRA. According to a study by the rating agency, the improving cost competitiveness for renewable energy players has been driven mainly by competitive bidding process followed as well as a significant fall in photovoltaics (PV) module price levels over the last three year period for solar ... Read More »

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