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Govt invites Germany’s state-run KfW to fund transmission projects

By : Sustainability ..., Feb 20, 2020

Indian government representatives on Wednesday met representatives of Germany’s state-run bank KfW to discuss the financing of new transmission projects being built across the country for upcoming renewable energy projects. KfW has already promised to loan 500 million euros...

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Farm sector booster dose through Kusum scheme for solar pumps

By : Sustainability ..., Feb 17, 2020

The UP government is likely to lend a budgetary push to the ambitious PM Kisan Urja Suraksha evam Utthan Mahaabhiyan (PM-Kusum) scheme envisaging solarisation of agricultural pumps up to a capacity of 7.5 horse power. Power officials confirmed that the energy department would...

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Ather Energy to look beyond 2-wheelers in 5 years

By : Sustainability ..., Feb 13, 2020

Bengaluru-based electric scooter manufacturing start-up Ather Energy is considering expanding beyond the two-wheeler space that it currently operates in, in the next 4-5 years, said the company’s co-founder and chief executive officer, Tarun Mehta. It is looking at raising...

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Bengaluru-based bike rental start-up Bounce raises over $100 million in funding

By : Sustainability ..., Jan 24, 2020

Bengaluru-based start-up Bounce, on Thursday, announced that it had raised an additional $105 million (₹746.33 crore) in its Series-D funding round. The funding was co-led by existing investors Eduardo Saverin from B Capital and Accel Partners India, TechCrunch reported. The...

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Electric vehicles maker Pi Beam raises bridge funding from GAIL

By : Sustainability ..., Dec 11, 2019

Pi Beam Labs Pvt. Ltd, which builds affordable electric utility vehicles, has raised Rs 5 crore ($705,000 at current exchange rate) in a bridge funding round from state-owned natural gas distribution company GAIL (India) Ltd, according to reports. The company, which was...

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Funding blues for green companies, discoms over REC-PFC deal

By : Sustainability ..., Jan 31, 2019

Renewable energy firms and state power distribution companies fear a funding crunch in the power sector due to the takeover of REC by Power Finance Corp (PFC), even as both state-run firms...

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Cleantech start-up ZunRoof raises angel funding

By : Sustainability ..., Jan 25, 2019

Gurgaon headquartered cleantech startup ZunRoof said that it had raised an undisclosed amount in angel funding from Livspace founder Ramakant Sharma and Arun Diaz of IntelleGrow, along with lead...

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PFC plans to borrow Rs 7,000 crore from domestic banks to fund REC deal

By : Sustainability ..., Dec 14, 2018

State-run Power Finance Corp (PFC) plans to fund its acquisition of REC by borrowing Rs 7,000 crore from domestic banks, for which negotiations have begun, and is likely to moderate its dividend...

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Shapoorji Pallonji Group plans $1 billion asset sale of solar unit

By : Sustainability ..., Nov 21, 2018

India’s Shapoorji Pallonji Group plans to seek about $1 billion by bringing outside investors into its solar unit, as it embarks on a series of asset sales across the 153-year-old conglomerate...

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Government's solar plan for farmers hits funding roadblock

By : Sustainability ..., Aug 17, 2018

Prime Minister Narendra Modi's ambitious solar project for farmers called Kisan Urja Suraksha Evam Utthaan Mahabhiyan (KUSUM) has been red flagged by the Finance Ministry, Business Standard...

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Subject Tags: funding , KUSUM Scheme , MNRE