Auro Mira Energy Company Private Limited (AME), one of the fastest growing clean energy companies in the Indian sub-continent, today announced that it had raised USD 21 million through its second round of institutional funding by a consortium of PE investors comprising of Aureos South Asia Fund, IFC and ePlanet Ventures for a minority stake. Auro Mira was founded in 2005 with funding support from a PE Fund advised by Baring India and has currently two sites in India generating renewable energy using biomass for sale to corporates across the country. The company has aggressive expansion plans and has commenced four new renewable energy projects in small hydro and biomass sector to attain 100 MW generation capacity by 2012. It currently has two operating biomass projects of 7.5 MW and 10 MW size. The investment by the three private equity investors will enable Auro Mira to complete these projects as well as acquire land and licences for further new projects. […]