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.
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.
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.
Mercom: India falls behind on installation targets
With 25 of India’s states falling behind on Renewable Purchase Obligation targets, the country’s Ministry of New and Renewable Energy (MNRE) is now requesting that the individual states take action to ensure compliance.
Tata Power’s PV capacity soars to 990 MW in 10 months
The Indian group’s solar portfolio has swelled by roughly 930 MW over the past 10 months, largely on the back of its $1.45 billion acquisition of Welspun Group’s 1.15 GW clean energy business last spring.
AES, Mitsubishi tie up on India’s first grid-scale storage array
The U.S. power group and the Japanese industrial giant will jointly supply a 10 MW Advancion energy storage bank to help integrate renewables such as solar into a grid network operated by Tata Power Delhi Distribution (Tata Power-DDL) in New Delhi.
Tata Power and Adani top India’s solar developers, ABB is biggest inverter supplier
Extensive research from Mercom Capital has found that up until the end of 2016 Tata Power was the largest operator of utility-scale solar in India with almost 10% of the market, while Swiss company ABB has the largest market share of the PV inverters in the country, although the Chinese manufacturers are expected to make a surge soon.
Mercom: Total solar corporate funding falls 64% in 2016
It was not a pretty year for solar finance, but some sectors remained unscathed.
