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Simpa Networks raises $4 million commercial debt financing for rural India solar solutions

Simpa, which sells solar-as-a-service to energy-poor households and micro-enterprises in rural India, today announced that it has completed a $4 million debt financing round. The financing has been provided by Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, and by GDF Suez through their Rassembleurs d’Energies program. An estimated 400 million people in rural India still do not have access to an electricity grid. Distributed solar-powered electricity systems are dramatically improving the quality of life for energy-poor ... Read More »

Grid Connected Rooftop and Small Solar Power Plants Programme

According to reports, Ministry of New and Renewable Energy is implementing ‘Grid Connected Rooftop and Small Solar Power Plants Programme’ for installation of grid connected roof top solar systems from 1 kWp to 500 kWp capacity in residential, commercial, institutional and industrial buildings. The programme has a provision of Central Financial Assistance of Rs. 24 per watt capacity of the system to encourage consumer for installation of solar rooftop systems. This was stated by Sh. Piyush Goyal, Minister of state ... Read More »

Solar energy benefits dhal mills

According to reports, solar energy is conquering more territories with increasing industrial application. In Theni district, it has become popular among dhal mills. Besides conserving considerable fossil fuel, solar heating used in the processing of dhal also helps to keep the environment around the Western Ghats clean. Solar heat processor developed by Planters’ Energy Network (PEN) is now used in big dhal processing units in Theni. The process starts with harvesting of solar energy through huge roof-top panels. The energy ... Read More »

Grundfos focusing on solar pump solutions in India

According to reports, after creating a space for itself in the domestic pump market over 15 years, Grundfos India — the local unit of Denmark-based water pump manufacturer Grundfos — is looking to benefit from the NDA government’s focus on infrastructure development while maintaining its global trail of robust CSR practices. The Chennai-based company that has laid down plans to double its revenue in India to $100 million over the next five years recently announced a project, along with the ... Read More »

Centre sanctions Rs. 228 cr to subsidise canal top solar plants

According to reports, the Government of India has sanctioned Rs. 228 crore to subsidise solar photovoltaic projects built on tops and banks of water canals. Through this grant, the government hopes to help creation of 50 MW of canal top and 50 MW of canal bank solar projects. Canal-top solar plants have caught the fancy of people ever since American solar major, SunEdison, put the country’s first such plant, of 1 MW capacity on the Narmada canal in Gujarat in ... Read More »

BHEL to set up solar photo-voltaic unit in Maharashtra

According to reports, Bharat Heavy Electricals Ltd (BHEL) would set up an integrated solar photo-voltaic manufacturing facility of around 500 MW per annum in Maharashtra, Parliament was informed today. “BHEL has initiated setting up an integrated solar photo-voltaic (PV) manufacturing facility of around 500 MW per annum in phases in Maharashtra subject to government approval regrading grant of 40 per cent capital subsidy under national Clean Energy Fund, to be completed in three years,” Minister of State for Heavy Industries ... Read More »

Indigenous 3MW solar power plant project launched in rural Bihar

According to reports, in a major step forward in solar power generation, an indigenously developed 3 MW plant that works in tandem with biomass to ensure uninterrupted supply is to come up in this small town in the heart of Bihar – with funding from the European Union. “This is the first time that this technology is being used in India in a plant of this scale. Our objective is to make this technology scalable so that it can be ... Read More »

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