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News Brief | August 2012

SunBorne to raise $20 million for investments in India

SunBorne Energy, which has two solar projects in India, as per news reports, intends to raise $20 million by an issue of equity shares and has already raised $5 million. The company has a 15 MW solar photovoltaic (PV) plant in Gujarat. Earlier this year, it had won a 5 MW solar PV project in Rajasthan under the National Solar Mission and recently won a bid to set up a 10 MW solar thermal project in Karnataka. The company intends to set up 1,000 MW of solar projects in the country. It has set a target of 200 MW and aims to achieve grid parity by 2014.

Contact: SunBorne Energy
Tel: +91 124 475 0600
Web: www.sunborneenergy.com
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