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Rice University Announces New $100,000 KPCB Prize for CleanTech Innovation

The Rice Alliance for Technology and Entrepreneurship kicked off its Call for Entries for the 2011 Rice Business Plan Competition today by announcing the new $100,000 Kleiner Perkins Caufield and Byers (KPCB) Prize for CleanTech Innovation. The KPCB prize is intended to encourage business and technology solutions for cleaner power, transportation and water. Teams from 42 of the world’s top graduate schools will participate this year in the overall business plan competition, which has a total prize pool of more ... Read More »

Renewable energy has emerged as the most preferred option for Indian companies in terms of their engagement with the Clean Development Mechanism (CDM)

According to this report, Renewable energy has emerged as the most preferred option for Indian companies in terms of their engagement with the Clean Development Mechanism (CDM). Top corporates, however, have gone in for more of energy efficiency projects, according to a FICCI analysis of the Indian CDM portfolio. The analysis notes that as on April 2010, amongst the top Indian corporates (as per Business World Top 500 Ranking – Nov 2009) that have proposed CDM projects, ONGC (oil & ... Read More »

Kailash Tarachandani is new CEO of Kenersys India the first “open source solution” in the wind power industry

According to a report today, Kailash Tarachandani is new CEO of Kenersys India. Tarachandani previously worked at Vestas Wind Systems as Director based in Mumbai looking after sales and business development with focus on IPP segment. “We are very pleased to appoint Kailash Tarachandani as the new CEO of Kenersys India. His in-depth knowledge and understanding of the power sector and the wind industry combined with his 20 years experience in strategy and business development in India and across the world is a strong asset for ... Read More »

PE investors still find it hard to get clean-tech deals in India

According to this report, while many investors in India are keen on backing clean-tech companies, the sector attracts either large deals or early stage investments. PE investors still find it hard to get clean-tech deals Last week, Reliance Venture Asset Management Pvt. Ltd co-invested $12 million (Rs54.72 crore) in biomass power-focused AllGreen Energy India Pvt. Ltd, ending a three-and-a-half-year search for an “investable” clean-tech firm. There are only a few quality companies in this space, said Harshal J. Shah, chief ... Read More »

$2.5 billion Kalyani Group bets big on wind power-Kenersys turbines first “open source solution” in the wind power industry

According to reports in Financial Chronicle, the $2.5 billion (Rs 11,337 crore) Kalyani group, which owns Bharat Forge and has interest in sectors ranging from steel to specialty chemicals, is betting big on wind energy and is taking on multinationals such as GE and Siemens besides Vestas and Suzlon in the wind turbine manufacturing bu­siness. Amit Kalyani, head of group strategy and infrastructure business at Kalyani group, told Financial Chronicle that the group was focusing on wind energy. “Our renewable ... Read More »

Haryana can generate 1,019 MW power from surplus biomass: Report

According to a report in Sify,over 1,019 MW of power, enough to make Haryana self-reliant, can be generated from the surplus agricultural and forest biomass available in the state. The study, conducted by the Haryana Renewable Energy Development Agency (HAREDA), revealed that the net surplus biomass available after consumption by way of domestic use and subtraction of sugarcane biomass holds a potential of producing 1019 MW of power. The maximum potential exists in Sirsa district (131 MW), followed by Karnal ... Read More »

Entrepreneurs slam national solar power policy at the TiE Entrepreneurial Summit’s ‘Clean is Green’

According to this report, Tejpreet Chopra, former chief executive of GE India and Rahul Sankhe, business development director of SunEdison Energy India Private Ltd, criticised certain aspects of the Jawaharlal Nehru National Solar Mission that ambitiously targets 20,000 MW of solar energy in India by 2022 in three phases. Entrepreneurs slam national solar power policy Speaking on the sidelines of the TiE Entrepreneurial Summit’s ‘Clean is Green’ theme, Tejpreet Chopra — who quit GE India recently to start his own ... Read More »

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