Solar markets see increase in total funding in first half of 2017
A total of $4.6 billion was raised in 97 deals in the first half of 2017, up from $4.5 billion in 79 deals in the respective period last year, shows information published by industry analysts Mercom Capital Group.
India energy ministry plans 7.5 GW support program for domestic solar manufacturing
The Ministry of New and Renewable Energy has initiated the second phase of its CPSU program to provide installation capacity totaling 7.5 GW of solar projects made using domestically manufactured solar cells and modules.
India’s 1 GW Kurnool solar park on verge of grid synchronization
Commissioning of the ultra-mega solar plant due tomorrow following completion of final developers’ portions of capacity. Kurnool solar park will become world’s largest operational PV plant.
Big challenges: Raj Prabhu on the SolarWorld insolvency and U.S. solar manufacturing
Today, SolarWorld AG filed for insolvency in Germany, and it is unclear whether or not its U.S. subsidiary will also file. In the following interview, Mercom Capital CEO Raj Prabhu talks about what this means for the U.S. solar industry.
India: solar park target should not be limited to 40 GW if demand is there, says Mercom
The recently doubled capacity for solar parks in India from 20 GW to 40 GW has been welcomed by Mercom Capital Group, which says that government should not be too rigid with individual targets if there is demand for more.
Confirmed: India to double solar park 2020 capacity goal to 40 GW
Target expanded to 50 solar parks, up from previous number of 34. Solar Energy Corporation of India will execute the projects in collaboration with state governments across the country.
Mercom: Battery storage funding shifts to deployment
The latest report by Mercom Capital shows that while debt and public market financing for battery storage companies declined in 2016, that battery storage project funds raised $820 million during the year.
