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  • Latest Renewable Energy News

    Reliance Reports Solar PV Manufacturing Capacity of 30 Megawatts

    According to a report in Bloomberg, Reliance Industries Ltd. (RIL), India’s most valuable company, had the capacity to produce 30 megawatts of solar modules in the financial year ended March 31, the company said in its latest annual report. Fuels produced from renewable sources, including biofuels, are the fastest-growing and their consumption is expected to expand at 8.2 percent per year to 2030, said the report, which was sent by e-mail today. The company’s unit, Reliance Solar Group, set up ... Read More »

    Freemasons Jyotirgamaya project to electrify 50 villages across India using Solar PV

    According to reports, all the 45 hutments in the sleepy little village of Nalwas in the Banaskantha district of Gujarat will be lit up thanks to the ‘Jyotirgamaya’ project of Grand Lodge of India (GLI), an association of freemasons. As a part of its golden jubilee celebrations, GLI has taken up the initiative to light up 50 villages across remote areas in the country that do not have access to electricity till date. “Work is nearing completion in 26 villages. ... Read More »

    United Solar Announces Order From India’s JSW Green Energy;forms strategic alliance to capitalize on growing Indian solar market

    United Solar, the leading global manufacturer of flexible, thin-film solar laminates and a wholly owned subsidiary of Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER), announced today an order for 500 kilowatts (kWp) of its UNI-SOLAR® laminates from JSW Green Energy, a 100% subsidiary of JSW Energy Ltd. of Mumbai, India. JSW Energy, part of the JSW Group of companies, is one of India’s fastest growing power companies and is working towards becoming one of the leading private power producers in the ... Read More »

    PLG Power files for $100 mn London AIM IPO; in talks with private equity firm CVC Capital

    Solar in India is a theme that has caught the fancy of a number of European investors that Panchabuta has spoken to in recent times. It seems like it is based on this euphoria among investors in solar that PLG is trying to cash in on. As we have mentioned in May last year, PLG Power was one of the first that was allotted  a 40MW project. The project has been delayed and recently the company had announced that  the 40MW would be ... Read More »

    Greywater Technologies Raises Rs 9Cr From Nexus Venture Partners

    According to reports, Nexus Venture Partners, a Mumbai-based venture capital firm, is investing Rs 9 crore into Greywater Technologies Pvt Ltd, a company providing packaged products for water and waste water treatment. Greywater operates in India through its wholly owned subsidiary Jaldhara Technologies. Jaldhara Technologies Pvt Ltd is a specialised technology company in the space of water, wastewater treatment and recycling. It designs, engineers, supplies, installs, tests and commissions the treatment solutions. Apart from being a water waste management specialist, ... Read More »

    Ministry of New and Renewable Energy forms joint working group with Denmark on wind energy

    “Denmark has set up an ambitious target of fossil fuel-free economy by 2050 by adequately developing renewable energy resources and we look forward to cooperate with India in this sector”, said Freddy Svane, Ambassador of Denmark at an interactive session. “India and Denmark have taken several steps to increase cooperation in new and renewable energy and energy efficiency”, he  further added. Renewable energy is a critical issue at present and for future energy security all over the world. In December ... Read More »

    Intellecap, Impact Investor Network to raise between $15-$40 million- Invest in Clean Energy among others

    According to reports, Intellecap, an Indian social sector advisory firm, has launched I-cube N (Intellecap, Impact Investor Network), a platform for HNWIs and corporate houses keen to invest in social enterprises.  Said Anurag Agrawal, co-founder and senior vice-president (investment banking) of Intellecap, “In the first phase of the initiative, we will try to bring on board 15-20 committed investors who have the capacity to invest $1-2 million. The kind of transaction we are expecting during series A and series B ... Read More »

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