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    Moser Baer Clean Energy looks to raise more than $100 million to fund its Solar projects

     Moser Baer Projects Private Ltd plans to raise more than $100 million in 2011/12 to fund its solar power projects developed by its clean energy unit, a senior company official told Reuters on Tuesday. The company, promoted by the founders of Moser Baer India Ltd, said earlier in the day it has raised 5.80 billion rupees ($128 million) from Macquarie SBI Infrastructure Fund and State Bank Of India.  “The next business where we would look at potentially raising outside capital ... Read More »

    Indian Renewable Energy Development Agency has funded 1921 RE projects with loan commitments totaling over $2.7 billion

    Indian Renewable Energy Development Agency (IREDA), established in 1987 as a Public Limited Government Company, under the administrative control of MNRE, is a specialized developmental financial institution with the objective to provide financial support to specific projects and schemes for generating electricity and/or energy through new and renewable sources and conserving energy through energy efficiency. It offers term loans to renewable energy projects at rates slightly more favorable than general commercial lending rates. As of March 31, 2010, IREDA financed ... Read More »

    Bergamo Acquisition Corp announces three Hybrid Solar Thermal plants for 200MW in India

    Bergamo Acquisition Corp (OTC:BGMO) announced  that the Company has come to terms for three hybrid solar thermal power plants totaling 200 megawatts to be located in India. Bergamo Acquisition Corp’s subsidiary in India, Bergamo Harbinsons, has handled the negotiations. Bergamo is to receive a ten percent fee to be paid upfront. The payments will come in the form of irrevocable letters of credit totaling approximately $77.5 million USD. The Bergamo management team will be meeting in New Delhi, India in ... Read More »

    IISc researchers map hot spots to set up solar power plants in India

    As Panchabuta has earlier reported, the government is augmenting solar radiation resource assessment in the country. “C-WET has been assigned the task of solar radiation monitoring. We are looking at setting up 50 ground monitoring stations in co-operation with states,” Deepak Gupta, Secretary, Ministry of New and Renewable Energy (MNRE) had recently said. According to recent reports, researchers at the Indian Institute of Science (IISc), Bangalore, are mapping India’s solar hot spots—where round-the-year sunlight makes it viable for companies to set up ... Read More »

    Trivandrum based cleantech company Artin Dynamics signs $25 million deal for distributing its energy saving product in Britan

    SPARA,a power-saving product which works on artificial intelligence (AI) technology can reduce power wastage from an idling computer. It is targeted at organisations dealing with large-scale usage of computers where manageability of power consumption is a huge concern. SPARA had helped Artin Dynamics in receiving the prestigious SANKALP Award in 2010 for the ‘Best Emerging Clean-Tech/Clean-Energy Company in India. SPARA is a power-saving product which works on artificial intelligence (AI) technology that can reduce power wastage from an idling computer. ... Read More »

    Reliance Power signs Power Purchase Agreement with NTPC Vidyut Vyapar Nigam Ltd. (NVVN) for its 100MW Solar Thermal project in Rajasthan under Jawaharlal Nehru National Solar Mission-India

    Reliance Power Ltd, an Anil Dhirubhai Ambani Group company, plans to take its renewable energy (wind and solar) capacity to 1,000 MW in next two-three years.  The company has around 94 MW of operational wind energy-based power capacities. Reliance Power has plans to set up 600 MW solar energy (concentrated solar power – CSP and solar photovoltaic plants – SPV) based power capacity in Rajasthan and 400 MW wind power plants in Gujarat and Karnataka. Readers of Panchabuta might recall, ... Read More »

    Indian Renewable Energy Development Agency close to securing Rs 28.5-billion loan from Germany and Japan for mainly Solar focused projects

    According to reports, the Indian Renewable Energy Development Agency (IREDA) is close to signing agreements with two international lenders that will provide it a Rs. 28.5 billion credit line for promoting development of sustainable energy in the country. The IREDA is expected to sign an agreement with Germany’s Kfw Bank in February that will provide it soft loans of Rs. 12 billion. In March, the agency is likely to enter into an arrangement with Japan International Cooperation Agency for soft loans ... Read More »

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