Featured in Suntech's darkest hour – 05-2013

Working the system

PV project finance in India: Although impressive, the deployment of utility-scale PV in India has been hampered by industry-specific and economy-wide factors not least the difficulty in accessing non-recourse finance. Ragna Schmidt-Haupt from global renewable energy consultancy GL Garrad Hassan provides examples and practical insights into how players can overcome the hurdles and seize attractive opportunities in the idiosyncratic Indian solar market.

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pv magazine

03 May 2013

For all energy projects, access to capital at a reasonable cost is essential. This is especially true for PV projects, for which capital expenditure accounts for the vast majority of the lifetime cost. In India, banks are particularly reluctant to finance PV projects on a non-recourse basis. This reticence to lend is leading to debt …

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