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    IFCI Green India Venture Fund to invest $2.9mn in Ganesh Polytex

    According to reports,  IFCI Venture Capital Funds through its Green India Venture Fund is investing Rs.13.5 Cr in Kanpur-based Ganesh Polytex Ltd for a 10% stake. It is investing by subscribing 15 lakh Optionally Convertible Debentures (OCDs) at Rs.90 eachon preferential basis, convertible into equal number of equity Shares at the same price. On conversion, it will own 10% of the expanded equity capital. Ganesh Polytex is engaged recyling of post consumer PET bottle waste into Regenerated Polyster Staple Fibre ... Read More »

    SunEdison Solar to invest $100 m in India this year- deal with Private Equity investors in 3 months

    According to reports, Baltimore, US-based SunEdison intends to invest $100 million in solar projects in India, the company’s President, Mr Carlos Domenech, told Business Line today. According to the report, many private equity investors are interested in partnering SunEdison and a deal could be struck in about three months, says SunEdison President. SunEdison is implementing solar projects in Gujarat (25 MW), Rajasthan (5 MW) and Uttar Pradesh (1 MW), and hopes to be active in many other States, as and ... Read More »

    Harsha Engineers enters into a JV with German firm Abakus Solar- plans to be EPC contractor/Systems integrator for Solar PV

    According to reports, Harsha Engineers Ltd (“Harsha”) a Gujarat-based global solution provider of bearing cages as well as special purpose stamped components has entered into a majority stake joint venture agreement with German firm Abakus Solar AG, having long-standing experience in Solar Photovoltaic (Solar PV) business. Deloitte Touche Tohmatsu India Pvt. Ltd assisted Harsha in the deal as the company was keen to diversify into the solar energy space, in order to tap the enormous potential in this sector in ... Read More »

    Suzlon secures 218 MW order in Brazil from Martifer Renováveis Geração de Energia e Participações

    Suzlon Energia Eólica do Brasil Ltda. – subsidiary of Suzlon Energy Limited, the world’s third leading wind turbine maker – has won an order from Martifer Renováveis Geração de Energia e Participações S.A. to set up, operate and maintain a 218 MW (megawatt) project across the states of Ceará and Rio Grande do Norte, in Brazil. The full turn-key project will comprise of 104 units of Suzlon’s S88-2.1 MW wind turbines, which can generate enough electricity to power over 160,000 ... Read More »

    Renewable energy firms mulling investments in India, China at the World Future Energy Summit 2011

    According to this report, top global business leaders from leading renewable energy firms discussed the key drivers to step up investment in developing countries like India and China at the World Future Energy Summit 2011 Business Forum. Speaking at the Business Leaders in Renewable Energy session, Rene Umlauft, CEO Renewable Energy, Siemens, Germany, highlighted the advantages that developing countries hold the development of modern smart grid technologies that deliver electricity from suppliers to consumers using two-way digital communications to control ... Read More »

    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 »

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