IL&FS may merge wind energy biz with PE-backed Orient Green Power

January 19, 2017 | Rounak Kumar Gunjan

Chennai-based Orient Green Power Company Ltd (OGPL) is in advanced talks to merge its wind energy assets with IL&FS Wind Energy Ltd, it said on Thursday.

Cleantech firm D.Light raises $10.5 mn from Norfund, others

January 18, 2017 | Debjyoti Roy

D.Light Design Inc., a San Francisco-based solar lighting and power products maker that also operates in India, has raised $10.5 million (Rs 71.4 crore) in a funding round led by Norwegian state-owned investment fund Norfund.

Vinod Khosla, Bill Gates & others commit $1 bn to global cleantech fund

December 12, 2016 | Bruhadeeswaran R

A group of billionaires including Indian origin American venture capitalist Vinod Khosla besides Bill Gates, Jeff Bezos, Richard Branson and Jack Ma among others have pooled together a global investment fund worth $1 billion to back clean energy technology firms.

Exclusive: Ecolibrium Energy raises fresh funding from existing investor

December 09, 2016 | Debjyoti Roy

Ecolibrium Energy Pvt. Ltd, an energy management solutions provider, has raised a fresh round of funding from one of its existing investors, a person privy to the development told VCCircle.

ACME Cleantech raises funds from Piramal and APG; foreign investors exit

November 25, 2016 | Bruhadeeswaran R

Delhi-based ACME Cleantech Solutions Pvt. Ltd, which provides infrastructure services to the telecom sector, has raised Rs 500 crore ($73 million) from billionaire Ajay Piramal-controlled Piramal Enterprises Ltd and Dutch pension fund APG Asset Management NV.

Actis-backed Ostro Energy strikes maiden deal for solar project

October 26, 2016 | TEAM VCC

Ostro Energy Pvt. Ltd, the renewable energy platform set up by private equity firm Actis, has entered the solar power sector with a deal to acquire a stake in a project from Suzlon Energy Ltd.

IDFC Alternatives to buy three solar projects from Punj Lloyd

October 24, 2016 | Bruhadeeswaran R

IDFC Alternatives, the asset management arm of infrastructure-focused lender IDFC Ltd, is buying three solar projects in Punjab and Rajasthan from engineering and construction company Punj Lloyd, adding to the slew of renewable energy investments its holds on its platform.

VC-backed Indian renewable energy firm Azure skids on NYSE debut

October 13, 2016 | TEAM VCC

Azure Power Global Ltd had a disappointing debut on the New York Stock Exchange (NYSE) and saw its share price slip almost 19% after pricing its issue below the initial projection of $21-23 a share.

After Enercon and Mehras legal battle, WWIL seeks to sell wind power assets

October 07, 2016 | Rounak Kumar Gunjan

The consolidation in the Indian clean energy space continues with Wind World (India) Ltd (WWIL), exploring the sale of 202.4 megawatt (MW) wind power projects.

Exclusive: BanyanTree Growth Capital marks first exit from second PE fund

October 06, 2016 | Joseph Rai

Private equity firm BanyanTree Growth Capital has recorded its second exit activity this year and the first from its current fund, selling its entire stake in its three-year old investment in a renewable energy firm, a person privy to the development told VCCircle.