Axis Private Equity, IL&FS to Invest Rs 900 million in Shalivahana Green Energy Limited - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
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Axis Private Equity, a division of the Indian private bank, has invested INR540m ($11.4m) in Shalivahana Green Energy Limited (SGEL), a renewables company which focuses on the biomass and small hydro power projects. The firm made the investment alongside IL&FS Financial Services, which together have committed INR900m ($18.9m).

SGEL has four projects with a combined capacity of 35MW. SGEL will reportedly be able to expand its capacity to 250MW with this fresh capital injection by developing further projects throughout India.

Alok Gupta, managing director and CEO, Axis PE, said, “Over 60 per cent of India’s generation capacity is from thermal sources whereas renewable energy sources (excluding hydro projects above 25 MW) account for a mere 9 per cent.” The company hence feels that investing in Shalivahana Green Energy Limited is a good bet.


About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.

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