Two former executives from Juniper Green and Orange Renewable, have their sights set on securing their first private equity check for their new company.
In an exciting development for the renewable energy sector in India, Sirius Renewable Power Pvt Ltd (SRPPL) is reportedly in discussions for its maiden institutional funding round.
Based in Gurugram, SRPPL was founded by renewable energy veterans who were previously associated with Juniper Green Energy and Orange Renewable. The company specialises in developing and operating renewable energy projects, particularly in the clean-tech and energy transition sectors.
Details about the funding round, such as the amount SRPPL aims to raise and the identity of potential investors, remain undisclosed. However, the success of this funding round could potentially attract more investments in India's rapidly growing renewable energy sector, as set by the government's ambitious targets for renewable energy capacity additions.
At least two individuals familiar with the development have confirmed this information to our website, making it an exclusive report. While further details are not publicly available, it is clear that SRPPL's funding round marks a significant milestone in its quest to expand its operations in the renewable energy sector.
For more comprehensive information, we recommend accessing the full article on our website.
The funding round for Sirius Renewable Power Pvt Ltd (SRPPL) could significantly boost institutional finance in the rapidly growing renewable energy sector in India. If successful, it might encourage more institutional investments in this sector, in line with the government's ambitious targets for renewable energy capacity additions.
