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• Mumbai based financial services firm - Blue Circle Services Ltd has acquired renewable energy firm - Enelek Power. The financial details of the transaction were not disclosed. Blue Circle will invest R20Cr in Enelek for the expansion of it's product line.According to the press release, Blue Circle is also in the process of closing a M&A transaction with a undisclosed systems integration company within the solar power space and is planning to close the deal within this financial year.Enelek Power - cofounded by Nachiket Gandhi designs and manufactures solar thermal heating & power systems customised for specific applications. It has filed for more than 6 patents.
• According to the release, Enelek's patented technology, the Linear Fresnel Reflector Solar Collector and steam generation systems use modular flat reflectors to focus sun's heat onto elevated recievers producing energy with greater efficiency.Blue Circle Services - incorporated in 1983, provides financial services to individuals, corporate and finacial institutions.
• Blue Circle Services on BSE.Duron Energy, subsidiary of US-based Distributed World Power is an another player in the affordable off-grid solar energy solutions space. Duron Energy is planning to raise upto $11Mn to fund it's expansion plans.Headquartered in Bangalore, Duron Energy is a manufacturer and distributor of affordable consumer solar power products designed for off-grid use in emerging markets. The company has already installed its home lighting solutions in about 3,200 villages in the states of Karnataka and Uttar Pradesh. Its product range comprises solar home lighting systems, solar home systems and solar UPSs.Current products from Duron includes Duron Pro, Duron Breeze and Duron Mega, all-in one portable solar photovoltaic (PV) power systems designed for use in rural India.

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