SUBSCRIBE NEWS LETTER

Mahindra Group

World Bank’s IFC Funds CleanMax Solar with $15 Million

IFC also invested $125 million in Hero Future Energies, Hero Group’s renewable arm against an undisclosed equity stake. A senior executive from rooftop solar company CleanMax Solar has announced that the firm which is currently backed by American private equity giant Warburg Pincus has recently secured $15 million of funding against equity capital from International […]

Read more

Investonomics on Indian Sun is Hot!

Today, solar power is not merely a power demand catalyst rather this sector preaches colossal economics in the world affairs. Clouds around solar sector have dynamically revolved as murmurs of its transient nature of solar power are eluded. Solar and wind projects in the country would attract USD 20 billion investment each year from next […]

Read more

CleanMax Solar Announces Equity Financing of USD 100 Million from Warburg Pincus

The investment will enable CleanMax Solar to pursue additional growth opportunities beyond India, and provide next generation solutions to the customers through a combination of rooftop solar and energy storage. CleanMax Solar, India’s largest rooftop solar developer for the corporate sector, today announced that it has secured equity financing of up to USD 100 million […]

Read more

Sunfuel Electric comes up with 120 KW ‘superchargers’

Sunfuel Electric has announced the launching of a new charging technology for electric vehicles at its factory in Pune in order to ease the long travels on the highways for EV drivers. Sunfuel has unveiled the new ‘ExpressMiles’ highway charging service and the first of the novel EV chargers will be installed on the Kalka-Shimla […]

Read more

Andhra Pradesh And Adani Green Sign 60,000 Cr MoU

Andhra Pradesh and Adani Green Energy signed a Memorandum of Understanding (MoU) on May 23 to set up two mega green energy projects at an estimated cost of Rs 60,000 crore in the State. Besides establishing a 3,700 MV hydro storage project, the renewable energy company will also set up a 10,000 MW Solar Power […]

Read more

Prabhakar Kadapa Joins Etrio’s Board of Directors

Hyderabad-headquartered EV-maker Etrio Automobiles Pvt. Ltd. has announced that Prabhakar Kadapa, a veteran automotive leader with over 39+ years of industry experience, has joined its Board of Directors. Kadapa served most recently as the CEO & Managing Director at PSA AVTEC Powertrain Pvt. Ltd. (a JV of PSA Groupe, France and CK Birla Group) as […]

Read more

Rs 18,100 crore Battery PLI Finally Picks 4 Firms

Confirmation has finally come that the four companies selected for the Advanced Cell Chemistry (ACC) or the Battery PLI scheme ACC Storage are Reliance New Energy Solar Limited, Ola Electric Mobility Private Limited,  Hyundai Global Motors Company Limited and Rajesh Exports Limited. These companies will received the first slew of incentives to support cell production […]

Read more

Eversource Capital Is Majority Owner in Lithium Urban After Fresh Funding Round

EverSource Capital (EverSource), manager of India’s largest climate impact fund, announced on March 21 that it has invested in Lithium Urban Technologies Pvt Ltd. (Lithium) for a majority stake. Lithium is the largest operator of electric cars in India, providing services to 50+ clients since 2015 with a presence in 15+ cities. Eversource is a […]

Read more

TOP FIVE SOLAR PARKS IN INDIA

TOP FIVE SOLAR PARKS IN INDIA Name of the Park Location Planned Capacity Operational Commissioned Capacity Developer(s) Highlight Bhadla Solar Park Rajasthan 2245 MW 2245 MW • SB Energy SoftBank In December • Hero Future Energies 2020, the park • NTPC witnessed the • ACME Solar then lowest bid • Azure Power for solar power […]

Read more
      SUBSCRIBE NEWS LETTER
Scroll