Mahindra Susten will retain a majority 51% stake in its Marvel Solren unit, which operates 16 MW of solar at four sites in India. It aims to jointly build up to 150 MW of capacity with the Japanese trading house by 2023.
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.
Investments in distributed solar made by North American and European utilities have reached an aggregate value of $297 million to date. North American power providers seem to be more confident on distributed solar, but European companies are investing more heavily in all distributed energy segments.
The two U.S.-based companies have announced a major partnership for the acquisition of USD 300 million in operating clean energy assets, with a focus on distributed solar projects in the near-term.
Trading platform for solar projects launched to connect potential investors with distributed solar PV assets across China.
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