News Column

Cyprus Based Concept Solutions Invests In CaptureSolar

June 24, 2014



Cyprus based photovoltaic solutions provider Concept Solutions & Innovation has made a $125 Mn investment in Pune based solar energy solutions firm @CaptureSolar Limited financing the company's 90 MW solar project in Pune.

The company plans to set up a 90 MW solar park in Pune of which 75 MW will be funded through the current investment and expects the entire project to be operational by next March.

Apart from financing, Concept will also provide technology as it is a mandate holder of DanSolar International ApS, for technology, project management, construction and financing.

Led by Raju Shivaji Bhosale as the Chairman and CEO, the company provides Solar Resource based solutions including Solar Thermal and Photovoltaic solutions to its customers using a DBFO model (Design, Built, Finance and Operate).

India has been increasing and boosting its investment in the renewable energy sector as the country is targeting 20% of energy generation from renewable sources by 2020.

by

   @DealCurry

   @DealCurry

The alongside paper analyzes and clarifies the regulatory and institutional frameworks put in place by the Indian government to promote investment in India's solar energy sector.To date, a lack of clarity and comprehension has inhibited investment in India's opening economy in sectors ranging from defense technology to retail. It articulates India's institutional structures in solar energy.

Recent deals in this space:

Asian Development Bank had made an infusion of INR 3,100 Mn (c.$50 Mn) in Welspun Renewable Energy Limited.

GE Energy Financial Services had invested $24 Mn in 151 (DC)-megawatt solar photovoltaic power project of Welspun Renewables Energy Private Limited.

A group of six PSU's led by BHEL had signed a MoU for setting up 4-GW solar complex in Rajasthan involving an investment of R30000 Cr.


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Source: DealCurry (India)


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