About SunBorne Energy

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At SunBorne Energy we believe solar energy is the only long term solution to the world’s energy crisis and global warming situation. SunBorne Energy is working to make low-cost, utility-scale solar energy a reality in India – a country that has the ideal environment to capture sunlight and generate enough solar energy to meet all its needs.

To maximise India’s potential, and make utility scale solar energy possible in the near future, SunBorne Energy has brought into its fold internationally acclaimed experts in solar power generation and a host of other technologists and scientists who specialise in this area.

Backed by the best

SunBorne Energy is backed by four large investors, who bring expertise that ranges from land acquisition for our solar farms, to access to next generation technologies, as well as helping us scale up rapidly with their working capital support. Our investors are as follows:

General Catalyst Partners - a prominent US based private equity fund with assets in excess of US$1.7 billion, and business leaders with experience building businesses in India.

Khosla Ventures - the marquee investor in clean-tech in areas such as solar, battery, high efficiency engines, lighting, greener materials like cement, glass and bio-refineries for energy and bio-plastics, has over US$ 1 billion in fund size.

Wadhawan Holdings - founded in 2002 by visionary Managing Director of the group, Mr. Kapil Wadhawan, Wadhawan Holdings incubates new businesses in areas such as real estate, retail, and power.

Strategic Investor - one of the largest module manufacturers, looking to move from a product company to a system integrator and capitalize India market.

Energy Independence for India

SunBorne Energy intends to become a leading solar power developer. This will translate into developing projects of over 1 GW of power in the next 5-7 years, commissioning over 200 MW of solar power plants by 2015 and achieving grid parity by 2015.

All of which will add up to make India self sufficient in its energy requirements in the near future.

Our Mission

Become thought leaders in Solar Energy by providing cost effective, utility scale solutions, targeting grid parity by 2015.

Our Vision

Empower people and improve the quality of life on earth by providing a clean, environment friendly and permanent solution to the global energy crisis.

Our Business Model

SunBorne Energy is responsible for all aspects of the business model for each project, from ‘concept to commissioning’.
  • Project Development & Finance including land selection and acquisition, radiation analysis, control of PPA, and thus technology choice,
  • Carbon Credits management and liason with government bodies, n
  • on recourse project finance for projects developed
  • EPC - Turnkey Engineering, Procurement and Construction.
  • O&M - Operations and maintenance of plants – critical for long term efficient working of the plant.
  • Minority Asset Ownership - Divestment of assets to eventually own minority stake.
  • Application Engineering - Critical to reduce cost and reach grid parity

Why India

  • Generous and Abundant availability of Solar Radiation
  • Acute Power Needs
  • Rapidly Growing Economy
  • Increased Awareness and Consciousness towards Environmental Upliftment

How Do We Plan To Do It?

Utility scale generation: Utility scale solar power is the most cost effective form of solar power available today. Solar power can be a valuable asset in a utility’s portfolio and can be easily implemented at commercial scale.

Indigenization of supply chain: India has a strong pool of engineering talent and an evolving manufacturing infrastructure. We have developed an ecosystem of local suppliers for various components of solar power plants. This has helped us reduce capital costs and develop more cost effective designs.

Economies of scale: By replicating projects across different locations in multiple states, we will realize economies of scale to further drive down the capital costs.

Technology development: We have a global network of advisors who bring extensive experience in solar technologies. We have also assembled a team of internationally trained engineers and scientists to advance breakthrough technology using Indian cost advantages.

Our Team

Our Management Team

Our Technical Advisory Board

As a Managing Director of General Catalyst Partners, Hemant invests in technology-intensive software, hardware and services in clean energy and internet communications. He is a Board member of Health Insight Technologies, Hunch, Lumenz, Mascoma, Modular Wind, Sand9 and Stion.

Hemant is also the co-founder and Chairman of Sunborne Energy, a General Catalyst portfolio company that is focused on commercializing utility scale solar power in India.

Hemant also served on the Board of SiteAdvisor, a General Catalyst investment that was acquired by McAfee (MFE) in April 2006. Before joining General Catalyst in 2002, Hemant was co-founder, Chairman and CEO of Isovia, a Boston-based mobile software and applications company that was acquired by JP Mobile (MOT) in 2001.

Hemant is the co-founder & Chairman of the New England Clean Energy Council (NECEC.org), a non-profit, focused on advancing New England’s clean energy economy to global leadership. The U.S. Department of Energy presented the Energy Innovator Award to the Council in 2008 for its successful execution.

Hemant is also on the Board of Directors of the Massachusetts Clean Energy Center, a quasi-public agency, The Indus Entrepreneurs (TiE), a non-profit organization focused on helping entrepreneurs, and the GreenLight Fund, which catalyzes the replication and growth of innovative non-profits.

Hemant holds an M.S. in Operations Research, an M.Eng. in Electrical Engineering & Computer Science, a B.S. in Mathematics, a B.S. in Electrical Engineering & Computer Science, and a B.S. in Biology & Biomedical Engineering; all from the Massachusetts Institute of Technology.

Anil Kumar Lakhina has 34 years of leadership experience in various organizations in the Indian Administrative Service, spanning infrastructure, power, finance, pharmaceuticals, economic policy and public administration. Anil took $4 billion Rural Electrification Corporation (REC) public in adverse market conditions and got REC navratna status (2008).

Anil has enormous experience in the management of large infrastructure projects. He is credited with planning and development of first Special Economic Zone in Navi Mumbai (2002), the first sea links project in Mumbai and Navi Mumbai (Bandra-Worli sea link and Navi Mumbai sea Link) in 2002-03, the first express way (Pune Expressway), 2002. Besides, he has been the Commissioner, Food and Drug Administration and Export Commissioner of India. He is best known for his experiments in reforming district level public administration for which the President of India conferred on him Padamshree-one of the highest civilian awards.

Anil holds a Master’s degree in Public Administration from Harvard University, USA. He specializes in policy formulation, implementation and monitoring.

James Abraham is the Managing Director of SunBorne and has over 20 years of experience as management leader in technology-companies in Americas and South East Asia. For the past 10 years with BCG, he has been in India involved in infrastructure development projects in the transport and power sector.

His focus has been on green-infrastructure, including the economics and development of green materials, green buildings, and alternative power. He developed some of the early economic models in solar-power deployment in India.

James earned a Bachelor of Science degree in electrical engineering from the University of Waterloo, an M.B.A. from Wharton, and an M.A. from John Hopkins University.

Anil Nayar is the President of SunBorne and brings over 16 years of experience working across Americas and India in multiple industries. As SVP of investor relations at Genpact, Anil managed interactions with investors globally. Genpact is listed in NYSE.

Previously Anil was a Senior Partner with KPMG. For over 13 years, Anil serviced clients in multiple industries ranging from information technology to infrastructure. He also led the effort at KPMG for the IPO of Genpact. Anil earned a Bachelor’s degree from the University of Waterloo.

Gagan Vermani is CEO at SunBorne.

Gagan has over 15 years of experience in Automotive and Solar Energy companies, including setting up the solar downstream business at Moser Baer. He led the Moser Baer systems group in more than 50 solar projects, and is now a key member of the SunBorne team.

Tanya Singhal has diverse experience across multiple sectors in equity fundraising, business strategy, transformation and planning.

Prior to joining SunBorne, Tanya worked with the Boston Consulting Group, where she advised senior management of top Indian companies, primarily in Energy, Infrastructure, and Financial Services sectors.

Tanya holds a Bachelor in Technology degree from Indian Institute of Technology (IIT) Delhi, and Royal Institute of Technology, Sweden.

Ram Chereddy is a co-founder and Executive Vice President of SunBorne. Ram brings over 17 years of consulting and business development experience and proven success with a wide range of clients across financial institutions, universities, State Government, Auto-Industry, Retailers, Pharmaceuticals.

Ram has specialization in Project Management, ERP, Manufacturing, SCM, Enterprise Asset Management applications.

Ram has held senior management positions at Oracle Corporation, Deloitte & Touché and BearingPoint. Ram graduated with a degree in Computer Science from University of Pune.

Dr. Yogi Goswami is the Chief Science and Technology Advisor of SunBorne Energy. He is also the Co-Director of the Clean Energy Research Center at the University of South Florida and has over 30 years experience in research and technology development in the field of solar energy.

Dr Goswami is the inventor of a fundamentally new thermodynamic cycle for solar thermal power, now known as the Goswami Thermodynamic cycle.

Dr. Goswami serves as advisor to governments and is a recognized leader in professional scientific and technical societies. He served as the President of the International Solar Energy Society, President of the International Association for Solar Energy Education. He is a fellow of the ASME International, and the American Solar Energy Society.

Dr. Elias (Lee) Stefanakos is a member of the Technical Advisory Board. He is Professor of Electrical Engineering and Director of the Clean Energy Research Center (CERC) at the University of South Florida (USF), Tampa, Florida. CERC is an interdisciplinary center whose mission is the development of clean energy sources and systems with emphasis on technology development and technology transfer.

He is carrying out research in the areas of solar thermal energy conversion, photovoltaic systems and hydrogen (production and storage).

Up to August 2003 and for 13 years he was Chairman of the Department of Electrical Engineering at USF. He is Associate Editor for Photovoltaics of the Journal of Solar Energy. He has published over 150 research papers in refereed journals and international conferences. He has a number of patents and has received over $14 million in contracts and grants from agencies such as National Science Foundation (NSF), US Department of Energy (USDOE), National Aeronautics and Space Administration (NASA), Defense Advanced Research Projects Agency (DARPA).

Dr. Manuel Romero-Alvarez, a member of the Technical Advisory Board of SunBorne, has over 25 years of experience in developing solar thermal power. Dr Romero-Alvarez was the director of all of Solar Energy Research & development at CIEMAT Spain and developed a number of technologies at the Plataforma de Solare Almeria until 2008.

He was the Associate Editor of the Solar Energy journal and is now serving as the Associate Editor of the ASME Journal of Solar Energy Engineering. Dr. Romero-Alvarez has published over 100 research papers on CSP including the most authoritative chapter on CSP in the Handbook of Energy Efficiency and Renewable Energy.

Dr. Steinfeld, a member of the Technical Advisory Board of SunBorne, is the Director of Solar Energy Research at the famous Paul Scherrer Institute (National Energy Institute of Switzerland). He is the Editor-in-Chief of the ASME Journal of Solar Energy and the author of over 100 research papers on high temperature solar energy applications including thermo chemical hydrogen production.

Dr. Steinfeld has been honored by ASME with their highest international award and the John Yellott award for Solar Energy.

Nitin Goel is a Technology Advisor at SunBorne Energy. He was previously the Head of our R&D Project for the MNRE. Prior to that, he was at Intel Corporation, where he played the lead role in guiding notebook manufacturers towards selection and characterization of Thermal Interface Materials (TIMs). He worked with global TIM manufacturers to develop several new high performance thermal conductive materials.

Nitin’s research focus covers a wide spectrum of thermal technologies like solar energy, energy conversion and electronics cooling. He has authored over 5 journal publications, over 7 conference publications in the solar energy field. He was the recipient of Graduate Student Award, 2004 by the American Society of Mechanical Engineers (ASME) – Solar Energy Division – for outstanding research work in the field of solar energy.

Nitin has a PhD in mechanical engineering from the University of Florida and a B. Tech from IIT Bombay.


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