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.

NTC Group launches two New Businesses with Boxory Logistics and Cargonix Xpress

NTC Group launches two New Businesses with Boxory Logistics and Cargonix Xpress

NTC Group has launched two New Businesses – Boxory Logistics and Cargonix XpressThiru.

The announcement was made on June 24 in Chennai at the NTC event held by Thangam Thennarasu, (Minister for Industries, Tamil Official Language & Tamil Culture Archaeology, Tamil Nadu).

Cargonix Xpress will mark the entry of NTC Group into the express logistics vertical. Boxory Logistics is a freight consolidation service provider with services such as LCL, FCL, NVOCC, Air Freight, Multi-city consolidation, Warehousing and more.

NTC Group commenced its journey in 1997 as a General Transportation provider with its flagship company NTC Logistics. Since then, it has been constant progress for the NTC Group as it expanded and crossed every benchmark it set. Crossing many significant milestones and having numerous entrusting clients across various sectors, today, the group has emerged as a conglomerate with diversified businesses and a family of nearly 5000 people.

NTC Group has completed nearly 24 years of trusted partnerships in building Indian industrial establishments. Today, it contributes to vital economy-strengthening sectors such as Logistics, Engineering, Infrastructure, Renewable Energy, Manufacturing, Technology, and Agriculture.

The Partners in Progress meeting organized by NTC Group was on June 24, 2022 in Chennai turned the limelight on the launch of two new business verticals titled Boxory Logistics Pvt Ltd and Cargonix Xpress Pvt Ltd, where they exhibited their offerings and potential.

Speaking at NTC Group event, Thangam Thennarasu, (Minister for Industries, Tamil Official Language & Tamil Culture Archaeology, Tamil Nadu) announced the launch of two New Businesses – Boxory Logistics and CargonixXpressThiru. He praised Dr K Chandramohan, Founder & Chairman, NTC Group of his vision and appreciated investment of NTC Group made in Tamil Nadu, which is the strongest economy in India. Such investments offer both employment and business opportunities. He added that growth of the NTC Group is because of Dr. Chandramohan’s friends across the globe that has helped in diversifying and expanding his business globally.

NTC Group is also completely stepping into the express logistics vertical with Cargonix Xpress. Cargonix has the express cargo capabilities to meet the dynamic market requirements for businesses of diverse nature with its services such as Same Day Delivery, Committed Delivery, Deferred Delivery, COD / FOD, Milk Run, as well as a spectrum of industrial solutions and more.

Besides the offerings in the consolidation services, NTC Group also has a presence in the Warehousing and 3PL spheres. SCINNTC Supply Chain Solutions is the NTC Group’s tech-enabled supply chain service provider with warehouses in 22 locations in India.

With over 5 Million sq. feet of Warehouse Space and 4.5 Million sq. ft of ‘Site Storage’ facility, the company is offering the best in class warehouse facilities at all consumption centres in the country. SCINNTC is also listed among the world’s Top 10 Inbound to Manufacturing (I2M) service providers.

During the Partners in Progress meeting, the NTC Group launched a 70 m Truck Trailer for the first time in India, for transporting windmill blades. The trailer is manufactured by MAHA Auto Components, an NTC Group company, which can customize trailers to any possible lengths to suit diverse requirements, especially in the renewable energy logistics space

This trailer which is 70m in length when fully extended, is the largest of its kind to be made in India. Equipped with advanced accessories like ABS, EBS, Load Sensing Valves and more, the trailer is custom-made to ensure safety & reliability giving more thrust to the logistics of windmill blades.

Today, there is a growing need in the world to focus on renewable power because of the drastically changing climate. However, the renewable energy supply chain is complex, time-sensitive and needs experience, perfection, and safety at every stage of the supply chain. Having foreseen the necessity in the early 2000s, NTC Logistics was the first in India to foray into wind logistics with the movement of long wind blades and other large wind turbine components.

Through innovation and technology, NTC has successfully handled the 83m wind blade and has been the frontrunner in introducing technology through extendible trailers, blades and tower adapters. These achievements have given the company a remarkable value in the market, making it the number one renewable logistics player in the country today.

Further, to enhance its green-energy mission, NTC Group has been executing renewable energy projects through its group company, Everrenew Energy. Everrenew offers a complete concept for commissioning renewable energy solutions under one roof, starting from logistics to site construction activities for wind and solar projects, as a packaged solution.

To commit more towards increasing the green covers and contribute to its carbon offset measures, NTC Group has been planting trees on over 5000 acres of land in association with the Vanam India Foundation.

Recognizing the fusion in the group’s potential and the emphasis on customers seeking a broader set of logistic services, NTC Group is offering an entire gamut of services, well equipped under its roof to cater to their every need. With extensive presence across India, the group is outlining its expansion and is potentiating its strategic reach to where the demand is. It has now embarked on creating footprints across the globe, and the recently opened office in Malaysia is a step in that direction.

Today, the NTC Group has overseas offices in Hong Kong, Singapore and Malaysia, with partnerships in Asia, Australia, the Americas, the Middle East, and the Far East.

From collecting Waste and converting it into wealth: how the waste management startup Uranus Oil is fuelling up its operations as well as renewable energy drive across India

From collecting Waste and converting it into wealth: how the waste management startup Uranus Oil is fuelling up its operations as well as renewable energy drive across India

Chennai-based waste management and renewable energy startup, Uranus has scaled up its operations in a significant way across various towns and cities in South India.

Uranus Oil is FSSAI authorized and enrolled Used Cooking Oil aggregator and the company has procured several tons of Used cooking oil across multiple restaurants, malls, housing communities, and other types of outlets in India. The company has also been awarded Times of India’s “Emerging Start-up in Renewable Energy” award in 2021.

Uranus Oil also has tie up with Pan Oleo Energy Limited, a large scale biodiesel manufacturer based in India. Pan Oleo Energy Limited, which is one among the large scale biodiesel manufacturers in India, converts the procured used cooking oil into biodiesel. Mr.Venkatnarayanan, Co-founder and C.O.O. of Uranus Oil has stated that, “ Uranus is currently on an expansion drive and is set to make tie ups with many other large scale manufacturers across the country”. He also added that this expansion move will help Uranus Oil to emerge as the best used cooking oil aggregator in India, in the near future.

Uranus is also coming up with a web and mobile application-based software platform which shall be helpful for the common public to have access to their waste management solution.

Apart from just confining themselves to procuring used cooking oil, the waste management startup also has long-term plans to collect used plastic and rubber materials and other type of waste commodities that could be significantly recycled to commodities having good commercial value and significant demand.

Mr.Vasanth JB., Co-founder of the company told us that,” The core focus of Uranus Oil is currently on efficient aggregation and disposal of Used Cooking Oil. Used cooking oil collection drive is just a beginning for Uranus Oil and the company has shown great traction and penetration in the nascent Indian waste management market. Above all, Uranus Oil is working towards goals of creating a sustainable future for the planet, reducing the carbon footprint, and increasing the usage of renewable sources for energy needs. At Uranus, We see other companies who are operating with similar business models as our partners who are striving towards achieving the common goal of a sustainable future for our planet, and not as our competitors”.

Uranus Oil is also encouraging an entrepreneurship drive with which the startup is set to appoint independent direct procurement agents (DPAs) across India.

If you are having a potential used cooking oil outlet like a restaurant, do reach out to Uranus Oil at www.uranusoil.com, in order to ensure that the oil generated is disposed of in an efficient manner prescribed under the FSSAI RUCO program.