“A solar power producer with about half a GW portfolio across India. My assets have recently been listed as a part of a trust on the London Stock Exchange.So glad to see the allocation of 4000 MWh worth VGF for Battery Storage Solar Solutions (BESS) in the 2023 budget. This is a critical need of the day to make solar a 24 hr reality and make Indian truly atma-nirbhar & self-reliant in its energy needs by ensuring supply of clean power in the peak hours and reducing dependence on fossil fuel imports.
The Rs 35 crore for energy transition and net-zero carbon emission target coupled with the Green credit program for responsive actions by individuals and companies will encourage environment-friendly behavior and help accelerate the journey of building emission-free lifestyles, and thus a green planet. With this and the 7 main priorities, “Saptrishi,” India will be a forefront leader to drive sustainable growth and tackle the global climate crisis head-on.”
About SolarArise
SolarArise is a Delhi based renewable energy platform that holds eight solar power projects totalling over 400 MWp in India across the states of Madhya Pradesh, Maharashtra, Uttar Pradesh, Karnataka and Telangana. The operating revenues of the projects are generated under fixed-price, long-term power purchase agreements. SolarArise was founded in 2015 by pioneering solar entrepreneurs Ms. Tanya Singhal, Mr. Anil Nayar, and Mr. James Abraham with investments from global infrastructure equity funds – Core Infrastructure India Fund Pte Ltd. (CIIF- equity fund managed by Kotak Mahindra) and Global Energy Efficiency and Renewable Energy Fund (GEEREF – a fund advised by European Investment Bank Group).
