Corporate Segment Key Driver for Rooftop Solar: Interview with Manu Karan, CleanMax Solar
State and central subsidies coupled with increasing demand from the government, commercial and industrial sectors, have enabled the steady progress of the rooftop solar sector in India. Cumulative solar rooftop ...
Cleanmax Solar Raises ₹2.75 Billion in Funding to Scale Projects for Corporates
CleanMax Solar, a leading rooftop solar developer, has raised ₹2.75 billion (~ $39 million) in investment from the United Kingdom (UK) Climate Investments LLP (UKCI), which is a joint venture ...
Lucknow’s Sanjay Gandhi Medical Institute Installs 1.1 MW of Solar
Sanjay Gandhi Post Graduate Institute of Medical Sciences (SGPGI) in Lucknow has installed 1.1 MW of solar projects which will help the institute save approximately ₹6 million (~$85,646.99) annually in ...
Net Metering Policy Continues to be a Drag on India’s Rooftop Solar Sector
Net metering was introduced in India as a measure to make distributed renewable energy more accessible and economical for electricity consumers across the country. Net metering works by calculating the ...
Amity University Installs 1.8 MW of Solar Capacity at Three of its Campuses
Amity University has joined a select league of colleges and educational institutions that have gone solar to meet energy demands and usher in a greener, cleaner tomorrow. Amity’s solar PV ...
Solar Power Consumers Cannot Use Open Access and Net Metering at the Same Time
A ruling by the Maharashtra Electricity Regulatory Commission (MERC) has clarified that generators cannot use both Open Access and Net Metering simultaneously. The commission also reiterated that benefits of net-metering ...
CleanMax Solar Raises $15 Million (~₹964.52 Million) from IFC
CleanMax Solar, an Indian rooftop solar developer, has raised $15 million (~₹964.52 million) in investment from the International Finance Corporation (IFC), a member of the World Bank Group. The IFC ...
Interview: Some Module Suppliers are Backing Away from Supply Agreements
Unless there is a policy course correction, the solar rooftop installation goal of 40 GW by 2022 has been viewed as a challenge to achieve by many in the industry, ...
CleanMax Solar Raises $100 Million in Funding from Warburg Pincus
CleanMax Solar, an Indian rooftop solar developer, has raised $100 million (Rs.6.5 billion) in equity financing from Warburg Pincus, a New York-based private equity firm. CleanMax Solar will utilize the ...
Hitachi Enters Indian Solar Market with CleanMax Solar
Hitachi, a Japanese electronics conglomerate, has signed a Memorandum of Understanding (MoU) announcing its plans to enter the Indian solar market in collaboration with CleanMax Solar. The partnership aims to ...
