Corporate solar funding slips YoY finds Mercom Capital
Total corporate funding in the solar sector has slipped slightly in the first nine months of this year, compared to the same period in 2016 reports Mercom Capital, despite increases in global VC funding and M&A transactions. Some strong quarterly gains were, however, recorded. Downstream remains a key funding focus.
US Section 201 case mars otherwise strong quarter for solar funding, reports Mercom
Mercom Capital’s latest report shows relatively robust funding for solar globally but a slowdown in the United States due to the Section 201 investigation.
Adani to begin work on 170 MW Australia project
A unit of Indian conglomerate Adani will start building the first 65 MW phase of a planned 170 MW solar installation in the Australian state of Queensland by the end of this year.
India H1 solar installs surpass last year’s 12 month total, finds Mercom report
Approximately 4,800 MW of solar capacity has been commissioned in India in the first six months of the year, surpassing last year’s 4,038 MW total, finds new data from Mercom Capital Group. GST uncertainty could slow growth in 2018, however.
NTPC looking for off-taker for 250 MW Kadapa solar park, after APSPDCL refuses to sign PPA
A total of 250 MW of capacity at Andhra Pradesh’s Kadapa solar park has a 13-month completion timeframe from the date of signing of the power purchase agreement. These plans are now put on hold as APSPDCL withdraws from the deal, as once a record low solar power tariff turns into too high a price.
VC funding for battery, smart grid and efficiency tech tops $1bn in H1 2017, finds Mercom report
More than $1 billion raised in the first half of 2017 by battery storage, smart grid and energy efficiency companies – up from $807m in H1 2016, finds latest Mercom Capital Group report.
India’s renewable energy capacity reaches 57.472 GW
As of April 2017, India boasts 57.472 GW of installed renewable energy capacity, show recent data from the Ministry of New and Renewable Energy analyzed by Mercom Capital Group.
Hindustan Salts seeks EPC for 100 MW project in Gujarat
The state-owned salt company is on a quest for an EPC contractor to work on a large-scale project in the Indian state of Gujarat.
Indian solar imports surge, while exports plummet
New data highlight a major discrepancy between India’s solar import and export numbers in the first 11 months of the financial year 2016-17.
Mercom Capital: $3.2 billion total corporate funding for solar raised in Q1
Information published by industry analysts Mercom Capital Group shows that a total of $3.2 billion was raised from 60 deals in the first quarter of 2016. This represents a major increase from the previous quarter, when $1.6 billion was raised in 45 deals.
