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New Delhi | May 27, 2016
Today the Embassy of the United States of America and the Ministry of New and Renewable Energy announced grants to nine of India's top clean energy innovators. The awards were funded through the PACEsetter Fund, a ₹50 crore (US$7.9 million) account maintained jointly between the two governments. PACEsetter Fund awards were given to projects focused on improving the commercial viability of off-grid renewable energy businesses and organizations. These best-in-class solutions are designed to bring clean and reliable electricity to India's off-grid communities.
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MNRE and US State Department have presented Shri Shakti a grant award for Remote Monitoring of Solar Pumps in India through PACEsetter Fund.
Online PR News – 29-May-2016 – NewDelhi – United States Ambassador Mr. Richard R Verma and Secretary, Ministry of New & Renewable Energy, Dr. Upendra Tripathy announced Hyderabad-based Shri Shakti Alternative Energy Limited, as one of the winners of the PACEsetter Fund’s 1st Round of funding.
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Shri Shakti Wins Grant from MNRE & US State Department through PACEsetter Fund
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Ministry of New & Renewable Energy (MNRE) and US State Department have presented Shri Shakti Alternative Energy a grant award through PACEsetter Fund on 27th May in New Delhi at a program attended by US Ambassador to India and Secretary, MNRE and other officials. Shri Shakti is one of the 8 finalists selected out of more around 139 applicants under the 1st round of funding by PACEsetter Fund, which is jointly funded by MNRE and US State Department. PACE stands for Program for Advancement of Clean Energy and the PACEsetter Fund is managed by Indo US Science and Technology Forum. The total funding allotted to all finalists under the 1st round of funding is US $ 2 million.
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| Utility Scale Solar Projects Integrated Monitoring, O&M, Asset Mgmt |
Rooftop Solar Projects – For plants of 100KW and larger |
| Rooftop Solar Plants – 1KW to 100KW. Service launch by Oct 2016 |
Off-grid – Solar Pumps & Solar Plants (under PACEsetter by Jan 2017) |
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Rooftop Solar Plants
1KW to 100KW. Service
Set to launch by Oct 2016