Tata Power agreed to buy Welspun Renewable Energy earlier this month for INR92.49 billion (US$1.42 billion). Against the backdrop of fiercely competitive bidding, Mercom Capital Group chief executive and co-founder Raj Prabhu, explains the scene of potential mergers and acquisitions in the Indian solar market.
Austria-headquartered PV O&M company ENcome has acquired abakus solar, a German PV wholesale business that specialises in project development, EPC and O&M, for an undisclosed amount.
The ease of due diligence on inverters and increased technical awareness among the investor community has helped ease bankability issues surrounding Chinese inverters in recent years.
Morgan Stanley has predicted a boom in solar-plus-storage in Australia, calling PV a direct substitute for grid power and warning investors that the incumbent energy industry has been slow to react to trends.
Australia’s federal government plans a third AU$1 billion reallocation of money from the Clean Energy Finance Corporation (CEFC), prompting a backlash from solar campaigners.
The US Department of Commerce has upheld its preliminary ruling that SolarCity’s Triex cells were included within the scope of the anti-dumping duties, in a memorandum dated 17 June.
Power firm CLP India, a subsidiary of CLP Holdings, and renewables firm Suzlon Group have entered into a joint venture over a 100MW solar project at Veltoor in the Indian state of Telangana.
Wind power developers in India have been facing delayed payments from distribution companies of up to eight months at a time in various states, but solar developers have experienced only negligible delays in a couple of states, according to industry analysts.
DNV GL is seeking comment and input from stakeholders in the energy storage industry on an update to its GRIDSTOR guidelines for grid-connected storage systems.
