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India

India’s installed renewable energy capacity surpasses 50 GW

Data from the Ministry of New and Renewable Energy analyzed by Mercom Capital Group shows India’s renewable energy installations have crossed 50 GW, setting the country on course to meet its 2022 goal.

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Tata Power Solar reaches 1 GW module shipment milestone

The solar arm of the industrial giant becomes the first Indian company to surpass 1 GW of global PV module shipments, shipping 60% of that figure over the past five years.

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TerraForm Global releases overdue Q2 2016 results

The move is a step toward regaining regulatory compliance, in advance of a potential purchase by Brookfield.

Mercom: India’s April-October PV imports up 40%, exports down 22%

The value of the country’s solar imports and exports hit US$1.22 billion (R83.1 billion) from the start of the current fiscal year in April to the end of October 2016, up nearly $1 billion from the same period a year earlier, according to Mercom Capital.

Another 100 MW of grid-connected rooftop solar being tendered in India

Government enterprise Central Electronics Limited (CEL) is tendering the new rooftop capacity using the RESCO model for projects nationwide, with bidders given until March to apply, according to market analyst Mercom Capital.

SMA claims over 25% of the Indian inverter market in 2016

German PV inverter supplier SMA Solar Technology shipped over 1 GW of solar inverters to the Indian utility-scale PV market in 2016, which accounted for 26% of the entire market, of which SMA is the second largest inverter supplier.

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Solar lending rates continue to fall in India

Mercom Capital says the fall in rates is now making projects with lower prices viable, and that demonetization could further bring down rates.

Mercom: US$736 million invested in India’s solar sector in Q4 2016

The nation saw substantial debt, public markets and project funding during the final quarter of 2016, including the first Indian solar developer to go public.

PVMA figures show 75 GW of solar PV was installed in 2016

The PV Market Alliance has released its official solar installation figures for 2016, which, with a total of 75 GW installed, show a 50% growth from 2015, mainly driven by a mammoth year of installations in China, although the future would seem less auspicious as the two biggest markets show signs of retraction.

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India’s ReNew Power secures $390 million in multilateral financing

The independent power producer will use the long-term debt financing to build 398MW of solar capacity in the Indian states of Telangana and Jharkhand, as well as 311 MW of wind farms.

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