ON/OFF : The Micropower Blog.

PRESS RELEASE: OMC Rising Star at 2014 Platts Awards

INDIA’S OMC POWER NAMED AS THE RISING STAR AT 2014 PLATTS GLOBAL ENERGY AWARDS

Delhi, India, 12 December 2014Last night in New York, OMC Power was named as The Rising Star at the 2014 Platts Global Energy Awards.

Described as the Academy Awards of the energy industry, the Global Energy Awards honour and recognise those who have transcended the status quo in the name of excellence in leadership, innovation and performance in the energy industry.

Established in 2011, OMC Power has transformed the provision of electricity in rural India into a commercially viable, sustainable and scalable business.

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HuffingtonPost on OMC: “Millions in New Investment for Beyond the Grid Solar Markets”

“It has been a record year for beyond the grid solar investment.”

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Over $45 million in investments have closed in the past year, including: $1.8 million for plug and play solar provider BBOXX$11 million for industry pioneer d.light, and$20 million for mobile money pioneer M-KOPA. Not to be left out of a potential $12 billion market, three more new major funding announcements have taken place in the past two weeks alone.

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Clean energy investments finally growing since 2011

In their recent press release, Clean Energy Pipeline reports that investments in clean energy have been increasing consistently in the 3rd quarter of 2014 and are set for the first year-on-year growth since 2011.

According to the release, new investments in the sector amount to $68.4 billion in 3Q14 – an 11% increase on the corresponding quarter of 2013.

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PRESS RELEASE: OMC Secures Funding to Reach 3+ Million People

INDIA’S OMC POWER SECURES FUNDING TO REACH 3+ MILLION PEOPLE WITH RENEWABLE POWER

Delhi, India, 15 October 2014OMC Power today announced that it has secured major funding from Singapore-based renewable energy fund Energy Investment Tech Pte. Ltd.

Established in 2011, multi-award-winning OMC Power has transformed the provision of electricity in rural India into a commercially viable, sustainable and scalable business.

To date, OMC Power has financed, built and now operates 20 Micropower Plants in villages in Uttar Pradesh (India’s most populous state with 200+ million residents) where the electricity grid will never reach.

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