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Panchayats to have stake in solar power projects

According to reports, amid the political debate over dilution of the law on acquiring land for industrial units or other projects, the renewable energy ministry has “cracked the code” for overcoming any opposition from the local population to setting up of big solar power projects. The ministry is working on a policy to make village panchayats stakeholders in its plan to ramp up solar power capacity to 1,00,000 mw by 2021-22 as land acquisition has emerged as the bane of ... Read More »

Amadeus Capital invests in India-focused energy management firm

According to reports, technology investor Amadeus Capital Partners on Wednesday said that it has made the second investment from its Digital Prosperity Fund, leading the equity component of $21 million financing in Cambridge Clean Energy Ltd. Cambridge is a provider of renewable energy management solutions to mobile network operators and tower companies in India and Africa, with plans to increase its presence in India, Amadeus said in a statement. The investment follows Amadeus’ announcement that Bhavani Rana had joined the ... Read More »

Claro Energy Receives USD 2 Million Credit Facility for Solar Water Pumps

Claro Energy, a leading solar water pumping solution provider, today announced that it has received a first of its kind USD 2 million credit facility from RBL Bank to scale up its solar pumping business. Of this USD 1 million is a Direct Line of Credit to meet working capital needs and another USD 1 is a commitment from the Bank towards direct farmer financing for Claro Energy’s solar water pumps. “Solar pumping is the most useful application of solar ... Read More »

DC supply pilot project aims to wipe out blackout

According to reports, Indian homes may never have to experience a blackout due to power supply cut, if a pilot project sanctioned by the Union ministry for power, coal and new and renewable energy proves successful. The pilot project will see 5,000 and another 1,000 homes at two different locations being supplied with direct current (DC) lines, instead of the present alternating current (AC) lines, to ensure at least a minimum supply of electricity at all times, Union minister for ... Read More »

Shell Foundation to invest $150 million in Green Energy market in India

According to reports, Shell Foundation is planning to allocate $150 million towards clean energy sector in India, in a clear signal that international players are investing massive amount of capital to develop this sector. Shell Foundation is an independent charity established by the Shell Group in 2000 to create and scale new solutions to global development challenges. The foundation is planning to invest in organisations that are into providing finance for small and medium enterprises (SMEs) or give loans or ... Read More »

Greenlight Planet receives funding of $10 million

According to reports, solar energy product company Greenlight Planet has raised $10 million (Rs in funding led by Fidelity Growth Partners India to support its distribution expansion efforts in India and Southeast Asia. The deal, which follows a $4 million series A round in 2012 led by global private equity firm Bamboo Finance, also saw participation from Deutsche Bank and Seattle-based impact investing firm Global Partnerships. The funds will be used chiefly for growing distribution of the company’s solar products ... Read More »

Local MP inaugurates solar powerplant at govt college

According to reports, a 210 kilowatts peak (kwp) rooftop solar photovoltaic power plant, an initiative of the society for renewal energy, science and technology, Chandigarh, was inaugurated by local member of Parliament (MP) Kirron Kher at Post Graduate Government College, Sector 46, on Wednesday. Addressing the gathering, UT secretary science and technology BS Bhalla said the administration was aiming to develop the city as a modern solar city. “Chandigarh has acclaimed third position in India for setting up rooftop solar ... Read More »

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