A spin-off of the Connecticut Green Bank, IPC is a not-for-profit investment fund that scales clean energy financing and channels investment capital to communities that need it most.
Energy Efficiency Services Limited, which has already bagged orders for 800 MW of distributed solar installations in the state of Maharashtra and 113 MW in Rajasthan, says it will roll out the generation facilities by the end of the next fiscal year.
MENA countries have made significant strides in recent years in the fostering of both large-scale and distributed solar market segments. However, some investors and developers may turn elsewhere for opportunities if there remains a predominance of large utility-scale projects dominated by a small number of players, writes Iwan Walters, a partner in the corporate practice of Eversheds Sutherland.
According to a new report published by the consultancy Greener, PV system prices for distributed generation projects fell by 24% last year in Brazil. Total turnover of DG solar, meanwhile, was R $1.47 billion (approximately US$462 million). In other news, the country has joined IRENA.
According to China’s National Energy Administration (NEA), the country installed a total of 52.83 GW of solar PV in 2017, with cumulative capacity now sitting at 130.25 GW. Asia Europe Clean Energy (Solar) Advisory Co. Ltd (AECEA) forecasts this to reach 250 GW by 2020.
There is potential for solar PV and storage to snap a significant share of the distributed energy industry in frontier markets, says BNEF. Both telecoms and agriculture present interesting opportunities; SE Asia is an emerging micro grid hotspot; pay-as-you-go solar is seeing strong growth; and China is recording substantial business.
The Swedish investment firm is also ready to commit a further $56.7 million to solar and geothermal heat pump energy assets.
Mexican company Conermex forecasts that investment for distributed generation projects (DGPV) in Mexico could reach $750 million between 2017 and 2018.
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