You can download National Solar Mission Plan here
Manoj
Monday, December 7, 2009
Biggest gathering of CleanTech companies in India - Hyderabad - Dec. 17, 2009
TIE Hyderabad along with New Ventures India, Nexus Venture Partners and SONG Advisors are organizing the biggest gathering of Cleantech companies in India. Here Cleantech companies will get a chance to meet and pitch to leading CleanTech investors and also meet other fellow Cleantech companies. You are cordially invited to attend this. Please register yourself as soon as possible. Also please see attached mailer.
Series: "TIE CleanTech SIG - India"
Event title: "Biggest Gathering of CleanTech Companies in India"
Date: Thursday, Dec. 17, 2009
Time: 9AM-6PM
Location: Marriot Convention Center
Opposite Hussain Sagar Lake,Tank Bund Road
Hyderabad, 500080 India
Phone: +91 40 27522999
Fees: Rs. 500 (TIE members), Rs. 1000 (Non-TIE members)
Website: http://www.tie-isbconnect.com/cleantech/
Registration: http://www.meraevents.com/event/tie_cleantech_hyderabad
Agenda:
9:00AM-1:00PM :: Renewable Energy Session – Presentation by 20 Renewable energy companies
1:00PM-2:00PM :: Lunch Break
2:00PM-4:00PM :: Energy Efficiency and Services – Presentation by 10 Energy Efficiency companies
4:00PM-5:00PM :: Recycling and Transportation Session – Presentation by 5 Recycling companies
5:00PM-6:00PM :: Smart Grid and M2M Session – Presentation by 5 Smart Grid Companies
Series: "TIE CleanTech SIG - India"
Event title: "Biggest Gathering of CleanTech Companies in India"
Date: Thursday, Dec. 17, 2009
Time: 9AM-6PM
Location: Marriot Convention Center
Opposite Hussain Sagar Lake,Tank Bund Road
Hyderabad, 500080 India
Phone: +91 40 27522999
Fees: Rs. 500 (TIE members), Rs. 1000 (Non-TIE members)
Website: http://www.tie-isbconnect.com/cleantech/
Registration: http://www.meraevents.com/event/tie_cleantech_hyderabad
Agenda:
9:00AM-1:00PM :: Renewable Energy Session – Presentation by 20 Renewable energy companies
1:00PM-2:00PM :: Lunch Break
2:00PM-4:00PM :: Energy Efficiency and Services – Presentation by 10 Energy Efficiency companies
4:00PM-5:00PM :: Recycling and Transportation Session – Presentation by 5 Recycling companies
5:00PM-6:00PM :: Smart Grid and M2M Session – Presentation by 5 Smart Grid Companies
Monday, November 30, 2009
National Solar Mission - Key Highlights
Government of India approved last week National Solar mission under which following targets and policy changes will happen:
• Create an enabling policy framework for the deployment of 20,000 MW of solar power by 2022.
• Ramp up capacity of grid-connected solar power generation to 1000 MW within three years – by 2013;
• Achieve 15 million sq. meters solar thermal collector area by 2017 and 20 million by 2022 (about 10 GWth).
• Deploy 20 million solar lighting systems for rural areas by 2022. MNRE will give 90% subsidy for solar lights distributed to off grid villages.
• Key thing in this is that NTPC will now be the power trader for solar power projects and sell the aggregated power to utilities. This will help power project developers to deal with only a single entity rather than multiple entities to get feed-in tariff.
• PPA will be 25 years rather than 10 years now.
• Setting up of a National Centre for Photovoltaic Research and Education at IIT, Mumbai drawing upon its Department of Energy Science and Engineering and its Centre for Excellence in Nano-Electronics.
Manoj
• Create an enabling policy framework for the deployment of 20,000 MW of solar power by 2022.
• Ramp up capacity of grid-connected solar power generation to 1000 MW within three years – by 2013;
• Achieve 15 million sq. meters solar thermal collector area by 2017 and 20 million by 2022 (about 10 GWth).
• Deploy 20 million solar lighting systems for rural areas by 2022. MNRE will give 90% subsidy for solar lights distributed to off grid villages.
• Key thing in this is that NTPC will now be the power trader for solar power projects and sell the aggregated power to utilities. This will help power project developers to deal with only a single entity rather than multiple entities to get feed-in tariff.
• PPA will be 25 years rather than 10 years now.
• Setting up of a National Centre for Photovoltaic Research and Education at IIT, Mumbai drawing upon its Department of Energy Science and Engineering and its Centre for Excellence in Nano-Electronics.
Manoj
Monday, November 16, 2009
Ajanta eyes China firm for Rs 1lakh electric car
The $325 million (Rs 1,500-crore) company, which also makes electric bikes, vitrified tiles and CFL lamps, has made a layout of Rs 100 crore to acquire an existing assembly unit of an undisclosed carmaker, which can roll out 5,000 units a year. The deal is likely to be inked within this year as valuations are currently low.
An executive in the company, who did not want to be named, also said that the group would come out with its own brand ‘Oreva’ for the cars and indigenise the design so that it suits the urban population that it intends to target. Oreva, derived from the names of Ajanta’s founder OR Patel and his wife Revaben, is an existing brand for its tiles.
Ajanta group director Jaysukh Patel refused to comment on his plans on the acquisition. He, however, said, “We have not yet decided on it but are seeking government support so that we can develop cheaper vehicles for the Indian market.” VAT and excise duty put together make almost a fourth of the total manufacturing costs of the vehicle. “If the costs are lowered, we are capable of manufacturing batterypowered cars at Rs 1 lakh or less,” he said. The acquisition will help the company acquire technologies for moulding, designs and battery production among others. Also, it would help in creating and establishing a new market for electric cars in India.
Two years ago, the group ventured into two-wheeler electric vehicles two years back with an investment of around Rs 300 crore. It manufactures close to 10,000 bikes every year at its Kutch facility.
Mr Patel, who along with his father and uncle Manubhai Patel (who now runs the Samay group), had launched Ajanta clocks in the early 1980s and stunned the market with sub-Rs 100 clocks, has already designed a prototype of the vehicle and is personally driving it around on his 400-acres manufacturing facility near Morbi, near Rajkot. The prototype runs 120 kms per charge of 7 units of electricity, costing nearly Rs 35 per charge.
“We have designed more than 10 battery powered cars of 4-seater and 6-seater capacity and are testing them now,” Mr Patel said. He also claimed that the 6-seater would cost nearly Rs 1.5 lakh while 4-seater can be available at Rs 1 lakh. Ajanta was planning to set up a battery production unit near Morbi so that it can bring down costs further, but it dropped such plans owing to raw material issues. The group has a strong distribution network already with a diversified product portfolio and claims it can modify some distribution centres across the country into charging-cum-maintenance stations.
Manoj
An executive in the company, who did not want to be named, also said that the group would come out with its own brand ‘Oreva’ for the cars and indigenise the design so that it suits the urban population that it intends to target. Oreva, derived from the names of Ajanta’s founder OR Patel and his wife Revaben, is an existing brand for its tiles.
Ajanta group director Jaysukh Patel refused to comment on his plans on the acquisition. He, however, said, “We have not yet decided on it but are seeking government support so that we can develop cheaper vehicles for the Indian market.” VAT and excise duty put together make almost a fourth of the total manufacturing costs of the vehicle. “If the costs are lowered, we are capable of manufacturing batterypowered cars at Rs 1 lakh or less,” he said. The acquisition will help the company acquire technologies for moulding, designs and battery production among others. Also, it would help in creating and establishing a new market for electric cars in India.
Two years ago, the group ventured into two-wheeler electric vehicles two years back with an investment of around Rs 300 crore. It manufactures close to 10,000 bikes every year at its Kutch facility.
Mr Patel, who along with his father and uncle Manubhai Patel (who now runs the Samay group), had launched Ajanta clocks in the early 1980s and stunned the market with sub-Rs 100 clocks, has already designed a prototype of the vehicle and is personally driving it around on his 400-acres manufacturing facility near Morbi, near Rajkot. The prototype runs 120 kms per charge of 7 units of electricity, costing nearly Rs 35 per charge.
“We have designed more than 10 battery powered cars of 4-seater and 6-seater capacity and are testing them now,” Mr Patel said. He also claimed that the 6-seater would cost nearly Rs 1.5 lakh while 4-seater can be available at Rs 1 lakh. Ajanta was planning to set up a battery production unit near Morbi so that it can bring down costs further, but it dropped such plans owing to raw material issues. The group has a strong distribution network already with a diversified product portfolio and claims it can modify some distribution centres across the country into charging-cum-maintenance stations.
Manoj
Sunday, November 15, 2009
Northern Lights Energy and REVA to jointly develop electric vehicles market in Iceland
Northern Lights Energy (NLE), the initiator of the 2012 project and provider of infrastructure and services for Electric Vehicles (EV) based in Iceland has signed an agreement with REVA to jointly develop the electric vehicle market in Iceland.
NLE will have exclusive distribution rights for the NXR, the new model premiered by REVA at the Frankfurt Motor Show in September, and consequent follow-up models, such as the sports coupé NXG, which will be launched in 2011. The sales and marketing of the car will commence in the second half of 2010 and customer deliveries at the end of 2010.
REVA today has the world’s largest test fleet of electric cars, with more than 3,000 vehicles in 24 countries and more than 85 million kms of on road data. The company recently announced a joint venture with General Motors India to provide the electric powertrain and energy management systems for the new Chevrolet Spark and a new 30,000 unit REVA assembly plant – expected to be one of the greenest in the world – is under construction in India. Iceland is also being considered by REVA as a possible site for a European assembly plant. The REVA NXR is a four-seat, three-door hatchback family car suitable for urban driving. Top speed is 104 kph with a range of 160 km per charge. If using the 90 minute fast charge (normal charging is eight hours), the REVA NXR offers an effective range of 320km a day. A fast charge for 15 minutes will provide a 40 km range.
NLE is working on developing a (re)charging infrastructure system for Electric Vehicles and vehicle exchange service to support the adoption of electric vehicles in Iceland. “Iceland is an island and with its advanced electric grid technology using 100 per cent renewable energy in electricity production is a perfect location for zero emission electric vehicles” says Gisli Gislason, the chairman of NLE. In addition to importing new EV models to Iceland, NLE is also working on developing systems to convert the current internal combustion engine (ICE) car fleet into Electric Cars. “We are working with a number of parties in Denmark and Finland to enable the conversion process of the current cars running in Iceland to support a swift development of the Electric Vehicle market. The mission is to place Iceland in the forefront of countries that uses sustainable energy sources for its personal vehicle fleet, moving away from fossil fuels, saving billions of ISKs for the society and reducing the 680.000 tons of carbon dioxide (CO2) that is annually being emitted by the personal vehicle fleet in Iceland. This is what the Project 2012 is all about.” says Sighvatur Lárusson, the chief operating officer of NLE. “
“We are very excited about the partnership with NLE. The 2012 project is one of the most ambitious yet achievable transport electrification projects in the world today and we are pleased to be able to contribute our technologies and products” said Keith Johnston, president, European Operations at REVA.
It is to be mentioned that Northern Lights Energy is an Icelandic investment company, targeting environmental friendly projects, leading in the field of environmental and renewable energy solutions. Project 2012 is an initiative of Northern Lights Energy which has committed to build in Iceland, the first nationwide charging infrastructure in the world, before the yearend 2012.
Manoj
NLE will have exclusive distribution rights for the NXR, the new model premiered by REVA at the Frankfurt Motor Show in September, and consequent follow-up models, such as the sports coupé NXG, which will be launched in 2011. The sales and marketing of the car will commence in the second half of 2010 and customer deliveries at the end of 2010.
REVA today has the world’s largest test fleet of electric cars, with more than 3,000 vehicles in 24 countries and more than 85 million kms of on road data. The company recently announced a joint venture with General Motors India to provide the electric powertrain and energy management systems for the new Chevrolet Spark and a new 30,000 unit REVA assembly plant – expected to be one of the greenest in the world – is under construction in India. Iceland is also being considered by REVA as a possible site for a European assembly plant. The REVA NXR is a four-seat, three-door hatchback family car suitable for urban driving. Top speed is 104 kph with a range of 160 km per charge. If using the 90 minute fast charge (normal charging is eight hours), the REVA NXR offers an effective range of 320km a day. A fast charge for 15 minutes will provide a 40 km range.
NLE is working on developing a (re)charging infrastructure system for Electric Vehicles and vehicle exchange service to support the adoption of electric vehicles in Iceland. “Iceland is an island and with its advanced electric grid technology using 100 per cent renewable energy in electricity production is a perfect location for zero emission electric vehicles” says Gisli Gislason, the chairman of NLE. In addition to importing new EV models to Iceland, NLE is also working on developing systems to convert the current internal combustion engine (ICE) car fleet into Electric Cars. “We are working with a number of parties in Denmark and Finland to enable the conversion process of the current cars running in Iceland to support a swift development of the Electric Vehicle market. The mission is to place Iceland in the forefront of countries that uses sustainable energy sources for its personal vehicle fleet, moving away from fossil fuels, saving billions of ISKs for the society and reducing the 680.000 tons of carbon dioxide (CO2) that is annually being emitted by the personal vehicle fleet in Iceland. This is what the Project 2012 is all about.” says Sighvatur Lárusson, the chief operating officer of NLE. “
“We are very excited about the partnership with NLE. The 2012 project is one of the most ambitious yet achievable transport electrification projects in the world today and we are pleased to be able to contribute our technologies and products” said Keith Johnston, president, European Operations at REVA.
It is to be mentioned that Northern Lights Energy is an Icelandic investment company, targeting environmental friendly projects, leading in the field of environmental and renewable energy solutions. Project 2012 is an initiative of Northern Lights Energy which has committed to build in Iceland, the first nationwide charging infrastructure in the world, before the yearend 2012.
Manoj
CleanTech news this week
Biogas plant moves forward in Chennai
November 6, 2009 - Best of the web - Market’s organic waste to be processed for power under new 12-year agreement between local development authority and Ramky Enviro Engineers.
India’s Avesthagen teams with Limagrain on seed tech
November 2, 2009 - by Lisa Sibley - New joint venture is expected to generate modified seeds to help farmers in India and other emerging markets combat drought, salinity and grow better quality produce.
Inside cleantech India: Kal, Aaj aur Kal! [premium]
November 3, 2009 - by Razvan Maximiuc - Olympus Capital closes its Asian Environmental Fund, while Ind-Barath Power Infra raises $100 million in private equity funding.
Manoj
November 6, 2009 - Best of the web - Market’s organic waste to be processed for power under new 12-year agreement between local development authority and Ramky Enviro Engineers.
India’s Avesthagen teams with Limagrain on seed tech
November 2, 2009 - by Lisa Sibley - New joint venture is expected to generate modified seeds to help farmers in India and other emerging markets combat drought, salinity and grow better quality produce.
Inside cleantech India: Kal, Aaj aur Kal! [premium]
November 3, 2009 - by Razvan Maximiuc - Olympus Capital closes its Asian Environmental Fund, while Ind-Barath Power Infra raises $100 million in private equity funding.
Manoj
Thursday, November 5, 2009
CleanTech News This Week
Inside cleantech India: Kal, Aaj aur Kal! [premium]
October 29, 2009 - by Razvan Maximiuc - IPO expected to boost funds for India's planned clean city, while cleantech investments flow into Hyderabad and REVA moves forward with ‘reverse innovation’.
Making money off India's resource scarcity
October 28, 2009 - by Razvan Maximiuc - Eleven startups made their pitches to investors at The Cleantech Group's Delhi forum. Here's the cream of the crop.
Manoj Gupta
October 29, 2009 - by Razvan Maximiuc - IPO expected to boost funds for India's planned clean city, while cleantech investments flow into Hyderabad and REVA moves forward with ‘reverse innovation’.
Making money off India's resource scarcity
October 28, 2009 - by Razvan Maximiuc - Eleven startups made their pitches to investors at The Cleantech Group's Delhi forum. Here's the cream of the crop.
Manoj Gupta
CleanTech News This Week
Indian carmaker Reva to manufacture in NY
October 23, 2009 - by Lisa Sibley - Bangalore-based EV maker to produce more than 20,000 cars a year at new facility, employing 100 people.
Three solar firms picked for Andhra Pradesh development
October 22, 2009 - Best of the web - AES, Lanco and Sunborne are the first to be selected for 5,000 of 20,000 acres deemed suitable for solar power.
Clenergen to launch new biomass power plants in India
October 21, 2009 - News brief - First 1.5 MW plant is back on because of a power purchase agreement with PTC India offering a higher tariff rate.
Manoj Gupta
October 23, 2009 - by Lisa Sibley - Bangalore-based EV maker to produce more than 20,000 cars a year at new facility, employing 100 people.
Three solar firms picked for Andhra Pradesh development
October 22, 2009 - Best of the web - AES, Lanco and Sunborne are the first to be selected for 5,000 of 20,000 acres deemed suitable for solar power.
Clenergen to launch new biomass power plants in India
October 21, 2009 - News brief - First 1.5 MW plant is back on because of a power purchase agreement with PTC India offering a higher tariff rate.
Manoj Gupta
Wednesday, October 21, 2009
D.LIGHT LAUNCHES WORLD’S MOST AFFORDABLE QUALITY SOLAR LANTERN
“Kerosene-Killing” Solar Product Retails at USD10 in Off-Grid Markets Around the World
New Delhi, India, 21 October 2009 – D.light Design today announced the launch of the Kiran, their most innovative and low-cost solar lighting solution to date, designed especially for households without access to electricity. Dubbed the “kerosene killer,” the Kiran retails at USD10, making it the most affordable quality solar lantern in the world.
“D.light continues to be at the forefront of providing innovative and affordable technology solutions for off-grid families around the world,” said D.light CEO Sam Goldman. “We believe the exceptional quality of the Kiran lantern, delivered at a low and affordable price, will make it a serious competitor to kerosene and other fuel-based lighting in every rural market.”
The Kiran is five times brighter than a kerosene lantern and can be fully charged in a day under the sun. It provides bright, 360-degree illumination for working, studying, or traveling. There are two light settings, which offer up to 8 hours of light on a full charge. With an integrated solar panel and a multiple-setting handle, the lantern is extremely flexible and easy to use. For households with access to grid electricity, the Kiran can also be AC-charged with a standard Nokia phone adapter.
“D.light’s latest innovation, the Kiran, is based on hundreds of hours of market research,” said D.light’s Head of Product Design Robin Chilton. “We know what our customers want: An attractive, durable product that provides enough hours of bright light every day at a price point they can afford. This is the solution that will effectively replace the kerosene lantern.”
Recent market tests establish the Kiran as a viable and desirable alternative to kerosene. Customer feedback consistently praised the product’s ease of use, durability, and bright light. According to Niwrtti Jawane, a welder from Miraj Village in India: “The Kiran has benefitted us in several ways: It is portable, has good brightness, and prevents the harmful effects of kerosene fumes. This purchase has been a good one-time investment. As there are no costs for recharging, it will be economical over time. We are happy with our purchase as it is a definite improvement over the emergency lights, kerosene lamps and candles previously used.”
The Kiran is currently available for purchase by end-user customers through D.light dealers and distributors in India and internationally. Distributors may also contact D.light’s Sales offices to place orders.
Additional D.light products available for sale are the Nova Series, premium solar lanterns with features including mobile phone charging capabilities, and the Solata, a high-quality solar task lamp.
Manoj Gupta
New Delhi, India, 21 October 2009 – D.light Design today announced the launch of the Kiran, their most innovative and low-cost solar lighting solution to date, designed especially for households without access to electricity. Dubbed the “kerosene killer,” the Kiran retails at USD10, making it the most affordable quality solar lantern in the world.
“D.light continues to be at the forefront of providing innovative and affordable technology solutions for off-grid families around the world,” said D.light CEO Sam Goldman. “We believe the exceptional quality of the Kiran lantern, delivered at a low and affordable price, will make it a serious competitor to kerosene and other fuel-based lighting in every rural market.”
The Kiran is five times brighter than a kerosene lantern and can be fully charged in a day under the sun. It provides bright, 360-degree illumination for working, studying, or traveling. There are two light settings, which offer up to 8 hours of light on a full charge. With an integrated solar panel and a multiple-setting handle, the lantern is extremely flexible and easy to use. For households with access to grid electricity, the Kiran can also be AC-charged with a standard Nokia phone adapter.
“D.light’s latest innovation, the Kiran, is based on hundreds of hours of market research,” said D.light’s Head of Product Design Robin Chilton. “We know what our customers want: An attractive, durable product that provides enough hours of bright light every day at a price point they can afford. This is the solution that will effectively replace the kerosene lantern.”
Recent market tests establish the Kiran as a viable and desirable alternative to kerosene. Customer feedback consistently praised the product’s ease of use, durability, and bright light. According to Niwrtti Jawane, a welder from Miraj Village in India: “The Kiran has benefitted us in several ways: It is portable, has good brightness, and prevents the harmful effects of kerosene fumes. This purchase has been a good one-time investment. As there are no costs for recharging, it will be economical over time. We are happy with our purchase as it is a definite improvement over the emergency lights, kerosene lamps and candles previously used.”
The Kiran is currently available for purchase by end-user customers through D.light dealers and distributors in India and internationally. Distributors may also contact D.light’s Sales offices to place orders.
Additional D.light products available for sale are the Nova Series, premium solar lanterns with features including mobile phone charging capabilities, and the Solata, a high-quality solar task lamp.
Manoj Gupta
Tuesday, October 20, 2009
CleanTech news this week
WaterHealth CEO calls for cleantech to meet India's water needs
October 16, 2009 - News brief - India may have to consider developing long supply chains and incentivizing farmers to shift water-intensive grain production activities offshore, Sanjay Bhatnagar says.
Resource scarcity center stage at Cleantech Forum India
October 15, 2009 - News brief - Investment in India is on the rise, driven by its growing economy and dwindling resources, cleantech leaders heard in Delhi today.
Suzlon spends $100M to fix cracked-blade problem
October 12, 2009 - by Emma Ritch - Indian wind turbine supplier announces stringent new testing protocol as it dedicates Arizona's first commercial scale wind farm.
Report: Is CCS an option for India?
October 12, 2009 - News brief - The country’s coal-powered ultra mega power plants could be retrofitted with carbon capture and sequestration tech to reduce carbon dioxide emissions, study suggests.
Plug Power, 3M team on fuel cell tech in India
October 9, 2009 - News brief - Teleservices division of the Tata Group is expected to receive 200 units to provide power at cell towers with no or extremely unreliable electric grid service.
Inside cleantech India: Kal, Aaj aur Kal!
October 7, 2009 - by Razvan Maximiuc - IndiaCo Ventures launches a $500M fund, Grasim invests $210M in a new VSF plant in Gujarat, and TVS forays into cleantech.
New Delhi recycles its roads
October 5, 2009 - News brief - A unit of the Tata Group starts work on project that uses one-third the aggregate and bitumen as typical paving.
October 16, 2009 - News brief - India may have to consider developing long supply chains and incentivizing farmers to shift water-intensive grain production activities offshore, Sanjay Bhatnagar says.
Resource scarcity center stage at Cleantech Forum India
October 15, 2009 - News brief - Investment in India is on the rise, driven by its growing economy and dwindling resources, cleantech leaders heard in Delhi today.
Suzlon spends $100M to fix cracked-blade problem
October 12, 2009 - by Emma Ritch - Indian wind turbine supplier announces stringent new testing protocol as it dedicates Arizona's first commercial scale wind farm.
Report: Is CCS an option for India?
October 12, 2009 - News brief - The country’s coal-powered ultra mega power plants could be retrofitted with carbon capture and sequestration tech to reduce carbon dioxide emissions, study suggests.
Plug Power, 3M team on fuel cell tech in India
October 9, 2009 - News brief - Teleservices division of the Tata Group is expected to receive 200 units to provide power at cell towers with no or extremely unreliable electric grid service.
Inside cleantech India: Kal, Aaj aur Kal!
October 7, 2009 - by Razvan Maximiuc - IndiaCo Ventures launches a $500M fund, Grasim invests $210M in a new VSF plant in Gujarat, and TVS forays into cleantech.
New Delhi recycles its roads
October 5, 2009 - News brief - A unit of the Tata Group starts work on project that uses one-third the aggregate and bitumen as typical paving.
Wednesday, October 7, 2009
CleanTech News this week
Clean technology venture investment continued recovering in 3Q09 spurred by economic stimulus investment
Landmark IPO and new funds also signal broadening confidence in clean technology, now the leading venture investment category
PepsiCo India turns to biogas to cut costs, carbon emissions
September 29, 2009 - Best of the web - Beverage and snack food giant says new biogas plant, which uses biodegradable waste generated at the Pune-based site, is running at full capacity. Full Story »
GE brings back wind business in India with better subsidies
September 29, 2009 - Best of the web - Connecticut-based power generation equipment maker looks to decrease its dependence on the U.S. market as it revives its Indian wind turbine business. Full Story »
Inside cleantech India: Kal, Aaj aur Kal! [premium]
September 29, 2009 - by Razvan Maximiuc - Argonaut and NEA make Indian cleantech investments, while Suzlon sells another family stake, and PepsiCo embraces biogas.
3Q09 cleantech investment review [webinar/premium]
Cleantech venture investment continued recovering in the third quarter of 2009 spurred by global economic stimulus investment. The sector accumulated $1.59 billion across 134 companies. Join the Cleantech Group & Deloitte Tuesday, October 6th, for an analysis.
NY Times: The New Sputnik By THOMAS L. FRIEDMAN : "Red China decided to become Green China" – (I personally think this article is just worth a reading from everybody..)
“If they invest in 21st-century technologies and we invest in 20th-century technologies, they’ll win,” says David Sandalow, the assistant secretar...y of energy for policy. “If we both invest in 21st-century technologies, challenging each other, we all win.” Something has changed. China realized it has no capacity to absorb all this waste. We have to grow without pollution.”
Manoj Gupta
Landmark IPO and new funds also signal broadening confidence in clean technology, now the leading venture investment category
PepsiCo India turns to biogas to cut costs, carbon emissions
September 29, 2009 - Best of the web - Beverage and snack food giant says new biogas plant, which uses biodegradable waste generated at the Pune-based site, is running at full capacity. Full Story »
GE brings back wind business in India with better subsidies
September 29, 2009 - Best of the web - Connecticut-based power generation equipment maker looks to decrease its dependence on the U.S. market as it revives its Indian wind turbine business. Full Story »
Inside cleantech India: Kal, Aaj aur Kal! [premium]
September 29, 2009 - by Razvan Maximiuc - Argonaut and NEA make Indian cleantech investments, while Suzlon sells another family stake, and PepsiCo embraces biogas.
3Q09 cleantech investment review [webinar/premium]
Cleantech venture investment continued recovering in the third quarter of 2009 spurred by global economic stimulus investment. The sector accumulated $1.59 billion across 134 companies. Join the Cleantech Group & Deloitte Tuesday, October 6th, for an analysis.
NY Times: The New Sputnik By THOMAS L. FRIEDMAN : "Red China decided to become Green China" – (I personally think this article is just worth a reading from everybody..)
“If they invest in 21st-century technologies and we invest in 20th-century technologies, they’ll win,” says David Sandalow, the assistant secretar...y of energy for policy. “If we both invest in 21st-century technologies, challenging each other, we all win.” Something has changed. China realized it has no capacity to absorb all this waste. We have to grow without pollution.”
Manoj Gupta
Monday, September 21, 2009
CleanTech news this week
Reva eyes NY for electric vehicle factory
September 18, 2009 - Best of the web - Indian carmaker leaks word of negotiations with an economic development agency for a plant to build the recently unveiled three-door hatchback.
Solar Energy Centre to receive IITB solar thermal project
September 16, 2009 - Best of the web - Mumbai institute looks to develop a solar center and testing ground backed by the government of India and an industry-based consortium. Full Story »
Air Products signs two supply deals for Indian solar factories
September 14, 2009 - News brief - HHV Solar Technologies and Jupiter Solar Power tap Air Products' Indian JV for gases and materials at photovoltaic manufacturing facilities.
IFC eyes minor stake in Auro Mira’s 15 MW biomass facility
September 14, 2009 - Best of the web - The private investment branch of the World Bank has committed a $5.26M loan for the $16M project.
Inside cleantech India: Kal, Aaj aur Kal! [premium]
September 16, 2009 - by Razvan Maximiuc - Aavishkaar invests in Zameen Organic, IDFC Private Equity buys out BP’s wind assets in India, and IFC eyes a stake in Auro Mira.
Manoj Gupta
September 18, 2009 - Best of the web - Indian carmaker leaks word of negotiations with an economic development agency for a plant to build the recently unveiled three-door hatchback.
Solar Energy Centre to receive IITB solar thermal project
September 16, 2009 - Best of the web - Mumbai institute looks to develop a solar center and testing ground backed by the government of India and an industry-based consortium. Full Story »
Air Products signs two supply deals for Indian solar factories
September 14, 2009 - News brief - HHV Solar Technologies and Jupiter Solar Power tap Air Products' Indian JV for gases and materials at photovoltaic manufacturing facilities.
IFC eyes minor stake in Auro Mira’s 15 MW biomass facility
September 14, 2009 - Best of the web - The private investment branch of the World Bank has committed a $5.26M loan for the $16M project.
Inside cleantech India: Kal, Aaj aur Kal! [premium]
September 16, 2009 - by Razvan Maximiuc - Aavishkaar invests in Zameen Organic, IDFC Private Equity buys out BP’s wind assets in India, and IFC eyes a stake in Auro Mira.
Manoj Gupta
Sunday, September 20, 2009
CleanTech news this week
Global Cleantech 100 unveils most promising clean technology companies on the planet
Inaugural list from the Guardian and Cleantech Group showcases 100 clean technology companies aspiring to shape tomorrow’s world
Is India getting serious about cleantech?
September 7, 2009 by Dallas Kachan, Cleantech Group - There’ve been more indications in recent months than all the rhetoric of the last few years about the market for cleantech developing in India. Is the cleantech boom really now on, wonders Dallas Kachan of the Cleantech Group.
Two new electric cars for India this month?
September 8, 2009 - News brief - After initial successes, Reva says it plans to sell a hatchback family car in 2010, and a sporty two-seater in 2011. Full Story »
Inside cleantech India: Kal, Aaj aur Kal! [premium]
September 9, 2009 - by Razvan Maximiuc - Orient Green Power brings wind to the Czech Republic, while Bharat's divisions for heavy electricals and electronics look for overseas JV partners for a massive solar facility.
Manoj Gupta
Inaugural list from the Guardian and Cleantech Group showcases 100 clean technology companies aspiring to shape tomorrow’s world
Is India getting serious about cleantech?
September 7, 2009 by Dallas Kachan, Cleantech Group - There’ve been more indications in recent months than all the rhetoric of the last few years about the market for cleantech developing in India. Is the cleantech boom really now on, wonders Dallas Kachan of the Cleantech Group.
Two new electric cars for India this month?
September 8, 2009 - News brief - After initial successes, Reva says it plans to sell a hatchback family car in 2010, and a sporty two-seater in 2011. Full Story »
Inside cleantech India: Kal, Aaj aur Kal! [premium]
September 9, 2009 - by Razvan Maximiuc - Orient Green Power brings wind to the Czech Republic, while Bharat's divisions for heavy electricals and electronics look for overseas JV partners for a massive solar facility.
Manoj Gupta
Monday, September 7, 2009
Cleantech news this week
Moser Baer, SunEnergy team for 1 MW Chandrapur plant
Indian and German firms win bid for one of the world's largest thin-film amorphous-silicon solar power plants in the world, expected to be completed by January.
Seven solar makers eye Gujarat for new production facilities
Moser Baer, Solar Semiconductor, Lanco Solar and others are in talks with government officials following the recent go-ahead for 716 MW of solar power plants.
NHPC's trading day gets a dampened debut
Indian hydropower producer sees first day of trading backfire because of weak market conditions and the issue's high pricing.
Inside cleantech India: Kal, Aaj aur Kal!
Infinity debuts a platinum LEED-rated green building in Kolkata, while China and India show early signs of collaboration on climate change issues.
Manoj
Indian and German firms win bid for one of the world's largest thin-film amorphous-silicon solar power plants in the world, expected to be completed by January.
Seven solar makers eye Gujarat for new production facilities
Moser Baer, Solar Semiconductor, Lanco Solar and others are in talks with government officials following the recent go-ahead for 716 MW of solar power plants.
NHPC's trading day gets a dampened debut
Indian hydropower producer sees first day of trading backfire because of weak market conditions and the issue's high pricing.
Inside cleantech India: Kal, Aaj aur Kal!
Infinity debuts a platinum LEED-rated green building in Kolkata, while China and India show early signs of collaboration on climate change issues.
Manoj
Monday, August 31, 2009
CleanTech news this week
BanyanTree takes stake in GEI’s heat transfer tech
Indian company’s air-cooled heat exchangers and steam condensers offer water reduction potential that’s attracting private equity interest.
SPX, Thermax to control power plant emissions in new JV
New collaboration aimed at India and Southeast Asia’s power industry is expected to produce emissions-control equipment for power plants.
Inside cleantech India: Kal, Aaj aur Kal!
Gujarat government approves $2.4 billion in solar projects, while Electrotherm Renewables looks to invest more than $145 million in solar thermal.
Indian company’s air-cooled heat exchangers and steam condensers offer water reduction potential that’s attracting private equity interest.
SPX, Thermax to control power plant emissions in new JV
New collaboration aimed at India and Southeast Asia’s power industry is expected to produce emissions-control equipment for power plants.
Inside cleantech India: Kal, Aaj aur Kal!
Gujarat government approves $2.4 billion in solar projects, while Electrotherm Renewables looks to invest more than $145 million in solar thermal.
Sunday, August 23, 2009
CleanTech News this week
India to go toe-to-toe with cleantech VCs
The government plans to launch a new venture fund focused on research of green technologies, according to a new report.
Will cleantech mobilize to prevent water shortages in India?
Two new reports this week gave urgency to efforts to reduce water use in India’s agriculture sector.
Zebasolar wins 10 MW Gujarat power station bid
The Indian unit of a U.S.-based solar company said it plans to spend €35 million on a new solar PV station, expected to come online in mid-2010.
Inside cleantech India: Kal, Aaj aur Kal! [premium]
Manoj
Courtesy - CleanTech Forum
The government plans to launch a new venture fund focused on research of green technologies, according to a new report.
Will cleantech mobilize to prevent water shortages in India?
Two new reports this week gave urgency to efforts to reduce water use in India’s agriculture sector.
Zebasolar wins 10 MW Gujarat power station bid
The Indian unit of a U.S.-based solar company said it plans to spend €35 million on a new solar PV station, expected to come online in mid-2010.
Inside cleantech India: Kal, Aaj aur Kal! [premium]
Manoj
Courtesy - CleanTech Forum
Thursday, August 20, 2009
Top 5 challenges - top 5 related costs
What I have experienced is that unless cost of goods is 25% of MRP, it is difficult to build a decent profitable business by selling cleantech products to rural customers. Since 50% of MRP will go in channel and distribution costs which leaves rest 50% for the gross margin and cost of goods. Hence on a Rs. 1000 product in market, you can expect to have a gross margin of Rs. 250 if the cost of product is Rs. 250. If the cost of product goes up, the margin will squeeze accordingly (if Rs. 400 is the cost, Rs. 100 will be margin). Here are top 5 cost items:
1. New category of products : technology and marketing cost - Solar for example have a large technology cost which makes it tougher to build a cheaper product.
2. Ability to pay : cost of financing - MFI will usually charge the company some money to support the product. Also the customer is paying interest on the loan
3. Geographic diversity : Increases logistics and channel cost which becomes a large portion of the cost of the company
4. Cultural diversity : Business development cost increases since it becomes harder to build relationship
5. Product positioning : It is hard for companies to know which price will work for customers and which products will fly. This increases the marketing, R&D and product development costs.
It is important to be aware of magnitude of all these costs and make sure you know these costs before you enter this market.
Manoj
1. New category of products : technology and marketing cost - Solar for example have a large technology cost which makes it tougher to build a cheaper product.
2. Ability to pay : cost of financing - MFI will usually charge the company some money to support the product. Also the customer is paying interest on the loan
3. Geographic diversity : Increases logistics and channel cost which becomes a large portion of the cost of the company
4. Cultural diversity : Business development cost increases since it becomes harder to build relationship
5. Product positioning : It is hard for companies to know which price will work for customers and which products will fly. This increases the marketing, R&D and product development costs.
It is important to be aware of magnitude of all these costs and make sure you know these costs before you enter this market.
Manoj
CleanTech products for rural markets - Top five challenges on the field
Lot of cleantech products companies are targeting rural customers today in India. CleanTech products like solar lights, clean cooking stoves, water filters etc have following challenges:
1. New category of products: Because they are new category of products, their is lot of customer education which needs to be done. This means that these products require "High-touch" marketing which means that there needs to be physical demonstration of the product functioning before these companies can convince the customer to buy. This marketing cost is usually is the least understood but most critical challenge for companies in this space.
2. Product positioning: What I have seen is that only products which enhance income (like BT cotton seeds) or which are critical for income generation (like drip irrigation, pumps etc) will be sold in rural areas or have aspirational value (like phones etc). All the products which claim long term cost savings (with upfront capital investments) and health benefits will have tough time communicating that to the customers. It is important to target income enhancing products/service therefore rather than rely too much on cost savings/health benefit aspect.
3. Wide geographical distribution: A wide geographical distribution setup along with a robust after sales network is the third biggest killer for cleantech products companies targeting rural customers. This increases their distribution cost a lot and makes it very tough to manage it. Therefore important to take a portfolio of products to the rural customers rather than take a single product.
4. Ability to pay: The lack of ability to pay for cleantech products (which usually are not very cheap) is the fourth challenge. Price therefore becomes critical in selling the product. Also how a company can leverage MFI relationship for financing can be important in this context. Relying too much on MFI for selling your products may not be good for the company since MFI have their own set of challenges in marketing and financing such products.
5. Cultural diversity: Managing language barriers and cultural diversity is one of the challenges which one usually understands only once when you are start selling on the field. This increases the complexity since you will need to hire local people and usually the challenge then becomes how to communicate and manage these employees. Also usually these companies need to build local relationships for example with local NGOs, dairy cooperativecs, coop banks, sugar cooperatives etc. Language and cultural barriers effect that too.
Manoj
1. New category of products: Because they are new category of products, their is lot of customer education which needs to be done. This means that these products require "High-touch" marketing which means that there needs to be physical demonstration of the product functioning before these companies can convince the customer to buy. This marketing cost is usually is the least understood but most critical challenge for companies in this space.
2. Product positioning: What I have seen is that only products which enhance income (like BT cotton seeds) or which are critical for income generation (like drip irrigation, pumps etc) will be sold in rural areas or have aspirational value (like phones etc). All the products which claim long term cost savings (with upfront capital investments) and health benefits will have tough time communicating that to the customers. It is important to target income enhancing products/service therefore rather than rely too much on cost savings/health benefit aspect.
3. Wide geographical distribution: A wide geographical distribution setup along with a robust after sales network is the third biggest killer for cleantech products companies targeting rural customers. This increases their distribution cost a lot and makes it very tough to manage it. Therefore important to take a portfolio of products to the rural customers rather than take a single product.
4. Ability to pay: The lack of ability to pay for cleantech products (which usually are not very cheap) is the fourth challenge. Price therefore becomes critical in selling the product. Also how a company can leverage MFI relationship for financing can be important in this context. Relying too much on MFI for selling your products may not be good for the company since MFI have their own set of challenges in marketing and financing such products.
5. Cultural diversity: Managing language barriers and cultural diversity is one of the challenges which one usually understands only once when you are start selling on the field. This increases the complexity since you will need to hire local people and usually the challenge then becomes how to communicate and manage these employees. Also usually these companies need to build local relationships for example with local NGOs, dairy cooperativecs, coop banks, sugar cooperatives etc. Language and cultural barriers effect that too.
Manoj
2nd Algae Biofuel Summit 2009 - 8 September in Delhi
What is the common among Total, Shell, Indian Oil, Tata Chemicals, NREL, Alexandria Carbon Black Company, Aditya Birla Nuvo, Hi-Tech Carbon, Gridpariti Foundation, Lanka Gasifiers, SDSU, Abellon Clean Energy, Nav Bharat Ventures Limited, K.K.Nag Limited, SJK Biotech Pharma Limited,Indian Agriculture Research Institute, Swinburne University Australia, University of Cambridge, National Centre for Aquatic Animal Health, Cochin University of Science & Technology, Centre for Algal Biotechnology, Mar Athanasios College for Advanced Studies, University of Madras, Central Institute of Agriculture Engineering, Tamilnadu Agricultural University, The University of Georgia, Sardar Vallabh Bhai Patel University of Agriculture & Technology and over 100 other Indian & global organizations? They are all participating at 2nd Algae Biofuel Summit 2009”.
For details about key topics to be covered at 2nd Algae Biofuel Summit 2009 & Confirming your seat, please visit: http://www.algaebiofuelsummit.com or write to the summit secratariat at info@growdieselmail.com or growdieselevents@gmail.com
For details about key topics to be covered at 2nd Algae Biofuel Summit 2009 & Confirming your seat, please visit: http://www.algaebiofuelsummit.com or write to the summit secratariat at info@growdieselmail.com or growdieselevents@gmail.com
Tuesday, August 18, 2009
CleanTech news this week - India
Acme plans to beat eSolar on cost of solar thermal in India
Indian infrastructure developer is using a license from eSolar to build 1 GW of power plants, with the first slated for March.
Buyers go overboard in NHPC’s oversubscribed IPO
India's largest hydropower producer gets more than it bargained for, with investment demand likely to put the deal at the top of its price band.
India hydropower station hits record electricity targets
Hydroelectric power company’s Himachal Pradesh station benefits India’s northern states suffering from power shortages.
Courtesy: CleanTech Forum
Indian infrastructure developer is using a license from eSolar to build 1 GW of power plants, with the first slated for March.
Buyers go overboard in NHPC’s oversubscribed IPO
India's largest hydropower producer gets more than it bargained for, with investment demand likely to put the deal at the top of its price band.
India hydropower station hits record electricity targets
Hydroelectric power company’s Himachal Pradesh station benefits India’s northern states suffering from power shortages.
Courtesy: CleanTech Forum
Monday, August 10, 2009
Cleantech Forum XXIV – Delhi India October 15-16th 2009
This year the Cleantech Group will hold its 2nd Cleantech Forum® event in India, which will take place from October 15-16th in Delhi at the Taj Palace Hotel. The Cleantech Forum is widely recognized as the most influential gathering of the global cleantech investment and entrepreneurial communities - held over two days, the conference brings together the cleantech ecosystem of investors, entrepreneurial companies, corporate policy makers and economic development agencies to access clean technology, market insights, investment opportunities and high-quality networking.
Nexus India Capital is a member of Cleantech Group and sits on the Cleantech Group India Advisory Board.
The theme of the conference is: Cleantech India: Leveraging entrepreneurial innovation for sustainable solutions. The agenda can be viewed at http://cleantech.com/cleantechforum/newdelhi09/agenda.cfm
Please contact Jaswinder at jaswinder@cleantech.com for more information
Manoj
Nexus India Capital is a member of Cleantech Group and sits on the Cleantech Group India Advisory Board.
The theme of the conference is: Cleantech India: Leveraging entrepreneurial innovation for sustainable solutions. The agenda can be viewed at http://cleantech.com/cleantechforum/newdelhi09/agenda.cfm
Please contact Jaswinder at jaswinder@cleantech.com for more information
Manoj
Wednesday, July 15, 2009
Reliance Tech, Nexus among Red Herring's Top VCs
Reliance Tech, Nexus among Red Herring's Top VCs
July 14, 2009 16:20 IST
The country's two venture capital firms, Anil Ambani Group's Reliance Technology Ventures and Nexus India Capital, have been named in the Red Herring Top 100 Global Venture Capitals.
The two firms got a place in the top 100 winner list compiled by Red Herring, a media company in the US, from among more than a thousand known and active venture funds across the globe.
"We are extremely proud of having been named a winner of the Red Herring Top 100 Global VC firms," Reliance Technology Ventures (RTVL) CEO Harshal J Shah said in a statement.
RTVL, which has advised or invested in deals to the tune of over $4 billion, works with and co-invests with leading venture capital firms across the globe while Nexus India Capital is a leading venture fund with over $300 million under management.
Firms to make it to the Red Herring Global VC 100 list largely hailed from the Unites States. Red Herring stated that this reflects the US venture industry that is older and more experienced than its peers in Asia and Europe.
July 14, 2009 16:20 IST
The country's two venture capital firms, Anil Ambani Group's Reliance Technology Ventures and Nexus India Capital, have been named in the Red Herring Top 100 Global Venture Capitals.
The two firms got a place in the top 100 winner list compiled by Red Herring, a media company in the US, from among more than a thousand known and active venture funds across the globe.
"We are extremely proud of having been named a winner of the Red Herring Top 100 Global VC firms," Reliance Technology Ventures (RTVL) CEO Harshal J Shah said in a statement.
RTVL, which has advised or invested in deals to the tune of over $4 billion, works with and co-invests with leading venture capital firms across the globe while Nexus India Capital is a leading venture fund with over $300 million under management.
Firms to make it to the Red Herring Global VC 100 list largely hailed from the Unites States. Red Herring stated that this reflects the US venture industry that is older and more experienced than its peers in Asia and Europe.
Tuesday, June 30, 2009
Lets create big cleantech companies in India
Lets create big cleantech companines in India. In my view capital efficient billion-dollar opportunities in India lie in these types of companies:
1. Distribution and marketing company for cleantech consumer products
2. Software products to track energy consumption in an enterprise
3. Smart grid management BPO based in India for global markets
4. Micro-utility using distributed energy generation model
5. A biomass supply chain company doing agri-waste procurement and processing
Manoj
1. Distribution and marketing company for cleantech consumer products
2. Software products to track energy consumption in an enterprise
3. Smart grid management BPO based in India for global markets
4. Micro-utility using distributed energy generation model
5. A biomass supply chain company doing agri-waste procurement and processing
Manoj
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