Solar sector raised over $10 billion in financing during 2017
Solar funding grew last year as approximately 9.6 GW of new solar installations were added to the Indian grid. In 2017, the country’s solar sector logged over $10 billion (~Rs.650 billion) in financing activity, according to Mercom Capital Group’s recently released 2017 Q4 and Annual India Solar Market Update. Financing activity in the sector totalled approximately $4 billion (~Rs.260 billion) in 2016.
Solar Rooftop: Will the slowdown sustain?
Growth of rooftop solar installations in 2018 is likely to witness a decline on the back of regulatory complexity and policy uncertainty. POWER TODAY spoke to a cross-section of experts to understand as to what it would take return traction to the segment.
Storing the Sun
With increase in share of renewables in the distribution system, it has become indispensable to incorporate large scale integration of energy storage, which gives flexibility to quickly ramp up supply in case the need arises.
Battery storage, smart grid, and efficiency companies raise $1 bn
Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and M&A activity for the battery storage, smart grid, and energy efficiency sectors for the second quarter and first half of 2017. In the first half of 2017 (1HFY17), $1.03 billion was raised by battery storage, smart grid, and efficiency companies compared to $807 million in 1HFY16.
Green Grid Gap
Green Energy Corridor planned to carry ´intermittent´ solar and wind power from producers to consumers efficiently, is yet to catch up with the pace of capacity creation.
Corporate Funding in Solar Sector Comes in at $9.1 billion in 2016| Mercom Capital Group
Mercom Capital Group, llc, released its report on funding and merger and acquisition (M&A) activity for the solar sector in 2016. Total global corporate funding in the solar sector, including venture capital/private equity (VC), debt financing, and public market financing, raised by public companies came to $9.1 billion, compared to $25.3 billion in 2015, a 64 percent drop.
Over 9 GW solar installations in India for 2017 | Mercom
Reiterating its 2017 solar installation forecast of 2017, Mercom Capital Group in its its quarterly update on the Indian solar market, said cumulative installations including large-scale and rooftop projects in the country have reached 9.6 GW.