CLEANTECH

ReNew Power to sell 10% stake to Japan’s JERA for $200 mn

February 14, 2017 | Rounak Kumar Gunjan

ReNew Power Ventures Pvt. Ltd is raising $200 million by selling a 10% stake to Japan’s JERA Co. Inc., as the renewable energy company continues to attract global investors to execute its expansion plans.

IFC to invest in solar power solutions firm Clean Max Enviro

February 14, 2017 | TEAM VCC

International Finance Corporation, the private-sector investment arm of the World Bank, is planning to invest in Clean Max Enviro Energy Solutions Pvt Ltd, a renewable energy service company, as per a disclosure note.

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.

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