Carbon Minus Secures 904 MW Solar Projects under MSKVY 2.0 in Maharashtra

Carbon Minus Secures 904 MW Solar Projects under MSKVY 2.0 in Maharashtra

Carbon Minus has recently confirmed the successful award of two significant solar projects under the Maharashtra State Government’s “Mukhyamantri Solar Krishi Vikas Yojana 2.0” (MSKVY 2.0). This initiative marks a significant milestone in the state’s commitment to renewable energy and sustainable development. The objective of this scheme is to solarize 30% of feeders by 2025. For this, 7,000 MW decentralized solar projects will be implemented. With this, farmers will be able to get electricity during the day.

The awarded projects include 174 MW solar power projects in Turnkey-EPC mode with Maharashtra State Power Generation Company Limited (MahaGenco-MSPGCL) and another 730 MW project with Maharashtra State Electricity Distribution Company Limited (MSEDCL). These projects are set to play a crucial role in enhancing the state’s renewable energy capacity and supporting the transition to cleaner energy sources.

“We are honoured and humbled to partner with MahaGenco-MSPGCL and MSEDCL on these landmark solar projects,” said Pankaj Choudhary (Founder and Director). “These projects not only demonstrate our commitment to advancing solar energy in Maharashtra but also contribute significantly to the state’s environmental goals and energy security.” He added.

The 174 MW project will leverage innovative technologies to provide reliable and efficient solar power, supporting local communities and contributing to the state’s agricultural sector. Meanwhile, the 730 MW project is expected to deliver substantial energy savings and reduce carbon emissions, furthering Maharashtra’s vision for a sustainable energy future.

Both projects align with the government’s broader strategy under MSKVY 2.0, which aims to promote solar energy usage among farmers and enhance their livelihoods through green energy solutions.

Carbon Minus is dedicated to driving progress in the renewable energy sector and is committed to fostering sustainable practices that benefit both the environment and local communities. The total order value is estimated at about 3960 Crore, which is surely a testament to the firm’s commitment to cross Rs 5000 Crore turnover by its 5th year founding anniversary.

These solar projects are expected to be developed in multiple phases over the 12-18 months. Upon completion, the project will produce enough renewable energy to power over 500,000 homes annually, helping to mitigate approximately 1.2 million tons of CO2 emissions each year. The initiative is also expected to create thousands of direct and indirect job opportunities, from project construction to long-term operations and maintenance roles. Carbon Minus also affirms its commitments to strengthening local communities by offering by offering local jobs, contributing to community common infrastructures like local roads, schools, and skill centres.

We will focus on using state-of-the-art solar technology and high-quality engineering practices to maximize efficiency and minimize environmental impact. The company also remains committed to fostering strong local partnerships, ensuring community engagement, and contributing to the region’s socioeconomic development.” Says Ashok Kumar, Co-founder & Director, overseeing the project development.

About Carbon Minus 

Carbon Minus is an emerging leader in renewable energy solutions, specializing in solar power, wind energy, and energy storage technologies. The company is committed to accelerating the global transition to sustainable, low-carbon energy systems. Through its cutting-edge technologies and strategic partnerships, Carbon Minus is driving the development of large-scale renewable energy projects across India and internationally. The company’s mission is to reduce carbon footprints and empower communities through affordable, reliable, and clean energy. The company was founded in 2021 by Pankaj Choudhary and Ashok Kumar, an alumnus of IIM Calcutta and IIT Madras, respectively.

For any enquiry, please email us on: info@carbonminus.in

Axllo Green Energy Secures $66M Funding for 20 CBG Plants in South India

Axllo Green Energy Secures $66M Funding for 20 CBG Plants in South India

Axllo Green Energy Private Limited (AGEPL) is poised for a significant leap in the renewable energy sector, securing full funding for 20 Compressed Biogas (CBG) plants across South India. A United Kingdom-based investment firm M/s Climate Capital Technolgy Limited, London, has committed an impressive $66M (around 560 Crores INR) for the erection, commissioning, and operation of these plants, each with a capacity of 5 TPD (Tonnes Per Day).

The first plant, located near Bagalkot, Karnataka, is set to be commissioned on Axllo’s 5-acre land plot. The plant will process Pressmud and Napier Grass as feedstock to produce 5,000 kgs of Compressed Biogas daily. In addition to biogas, the plant will generate valuable by-products such as 32 tonnes of solid manure per day and carbon credits, contributing to environmental sustainability and carbon emission reductions.

The UK-based financing company views this partnership as a key entry into the Indian market, with a primary focus on transacting carbon credits in the international market. Carbon credits are projected to have substantial financial potential, offering promising returns on investment while supporting global carbon reduction efforts.

Commenting on the investment, the CEO of the UK-based financing firm, Climate Capital Technology Limited, Mr. Douglas Prentice, said, “We will work closely with the Axllo team to ensure a smooth transition of funds in alignment with the project’s milestones. We believe this partnership will significantly contribute to India’s renewable energy goals and global efforts towards sustainable energy solutions.”

AGEPL’s CEO and Managing Director, Mr. Sadanand M. Banagar, emphasized the importance of the project beyond its financial value, stating, “Beyond the lucrative financial returns, we are committed to supporting green initiatives that align with our mission to drive sustainability and combat climate change. The significant reduction in carbon emissions and the promotion of renewable energy in rural areas make this project particularly compelling for us.”

This collaboration marks a milestone in Axllo Green Energy’s journey towards a greener and more sustainable energy future, positioning it as a key player in India’s renewable energy landscape.

Contact : Mr. Basavaraj KJ

Media Liason

+91-93800 08946

info@axllo.com

Uranus Oil : India’s first tech based green energy startup that collects used cooking oil using EVs and helps in converting the oil into green fuel

Uranus Oil : India’s first tech based green energy startup that collects used cooking oil using EVs and helps in converting the oil into green fuel

Uranus Oil is a renewable energy and waste management startup based in India. The startup remains in the news for having a well-executed tech-based waste management platform and efficient infrastructure to aggregate the waste used cooking oil generated from various outlets and sending them for producing biodiesel, which is a cleaner alternative for the conventional diesel derived from petroleum. Uranus Oil is an FSSAI RUCO authorized used cooking oil aggregator and has tie ups with many biodiesel plants across India. Primary Biodiesel partner of Uranus oil is Pan Oleo Energy Limited, which is a large-scale biodiesel manufacturer.

The startup has also been deploying several EV vehicles for their waste management operations, thus making them as the first firm in the Indian used cooking oil management domain to use EVs for their operations. Their operations are spread all across India with the primary operations spread across Tamil Nadu, Kerala, Andhra Pradesh, and Karnataka. Biodiesel is being made from Used Cooking Oil as well as other waste oils as well as fats.

Uranus Oil also aggregates other feedstocks like animal tallow, palm stearin, and palm oil mill effluent (POME) which can be used as primary feedstock in the production of biofuels.

Mr. Saravanan, Co-founder of Uranus Oil commented that “The whole world is facing a shortage of energy resources. In such a situation, substantial increase in renewable energy production can go a long way to satisfy the growing energy demand. Uranus Oil follows balanced eco-friendly rules. The wasted used cooking oil which used to be dumped in the drains is now getting a fair price for the restaurant owners. We are happy to inform you that a large number of people are joining us, and this Taking the campaign forward. The whole system of used cooking oil collection creates a virtuous cycle for the restaurant owners, restaurant customers, the biodiesel manufacturers as well as biodiesel consumers. The restaurant owners are getting paid to dispose of their waste oil, consumers of such restaurants are consuming healthy food made from cooking oil that has not been reused, biodiesel manufacturers are getting feedstock for their business and the consumers of biodiesel are getting a cleaner fuel for conventional diesel at a cheaper price.”

Uranus Oil was awarded the best emerging startup in renewable energy, by the Times group. The team is composed of a combination of renewable energy experts as well as youngsters. The company is on track to set up entrepreneurship alternatives for individuals across the country through the Uranus Entrepreneurship program. The company has also plan of expanding its scope into Plastic waste management as well as rubber waste management, apart from Used Oil Management.