Cosmos Solutions receives US$950-mn for new eco-friendly energy product
Cosmos Solutions Pvt. Ltd.’s patented new technology to generate more power from engines using micro controllers received a major green signal with a private equity of US$950-million from Linetrust Offshore Ltd. The Head of private equity of Linetrust ASEAN, Dr. Sailesh Lachu Hiranandani, who has spared no effort in promoting the development of renewable energy, assured Cosmos Energy that another investment of US$300,000,000 is on the anvil to promote research and development in the area of this environment-friendly technology.
At the function to announce the deal, patent owner Nitin Gupta said his company, Cosmos Energy, is eyeing the US$240-billion industry and is prepared to cater to the growing need for green energy. South Africa Parliament Speaker Baleka Mbete said his country was ready to provide 100 acre land to Cosmos Energy in Tshwane Automotive City in Gauteng to put up a manufacturing unit, besides free electricity for five years and a tax holiday for 10 years.
NEWS ----------SEPTEMBER 2018 Issue
Cygni Energy raises $6.4 Mn to power growth & expansion

Hyderabad-based Cygni Energy Pvt. Ltd., an innovative Solar-DC solutions start-up, has announced that it has raised funds of $6.4-mn through a combination of equity and debt. The equity funding is led by Endiya Partners, a leading early stage venture capital firm that invests in product start-ups, and the debt by IndusInd B   READ MORE...
Black & Veatch bags IEDCL’s 41MW hybrid project
Black & Veatch has been selected to provide engineering expertise to IL&FS Energy Development Company Limited’s (IEDCL) 41 megawatt (MW) solar photovoltaic (PV), wind, and battery storage hybrid project in India. Core components of the project are 25 MW solar PV and 16 MW wind power generation systems, coupled to an optimised energy storage system.

Technical services for the  
Safeguarding its interests
GoI imposes a 25 per cent ‘safeguard duty’ on imported solar panels from China, Malaysia, despite a temporary stay issued by the Orissa High Court against such duty.

The government has levied safeguard duty of 25 per cent on solar imports from China and Malaysia. This move by the Ministry of Finance (Department of Revenue) comes post the final READ MORE...