Solar supplier to finance distributed generation across India

October 27, 2014
Facebook
Twitter
LinkedIn
Reddit
Email

Global solar energy supplier, Proinso is to provide PPA-model financing for distributed generation solar projects 100kW – 5MW across India.

Proniso claimed the new finance scheme would provide “quality equipment and optimised systems without the capital expenditure hurdle”.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

CEO Mark Randall told PV Tech the initial roll out will be capped at a 20MW tranche untill the end of Q1 2015, with a review to use capital already raised to hopefully provide more financing in India. “Our ambitions in India are pretty big, we're hoping it will be or second biggest market after the US, and by 2017 it will be the biggest.”

Randall said the financing programme is hoping to provide quality systems for high yield installations – without needing a large upfront capital investment.

Proinso will supply Jinko Modules, SMA and ZeverSolar Inverters, Mecasolar trackers, rooftop as well as ground mounting structures as part of the new financing programme.

Proinso said the programme is flexible with other finance models and it is training installers to keep up with national demand.

Kunal Chandra, director of Proinso South Asia said: “India has significant drivers in its solar market but there are hurdles which have slowed the deployment in distributed generation.”

“Increasing availability on the already present grid is a challenge,” he added. The funding is hoping to address this.

Chandra also said the company is working on providing finance for medium-sized, off-grid project finance, and is also looking at crowd funding off grid hybrid diesel projects in India.
 

Read Next

March 31, 2026
Two Vietnamese renewable energy developers have formed a new entity dedicated to developing C&I solar PV and energy storage assets in Vietnam.
March 31, 2026
NTPC Renewable Energy has commenced commercial operations at two plants totalling 168.02MW in Khavda, Gujarat. 
March 31, 2026
GameChange Solar has completed testing of its Genius Tracker system, which yielded results of no 'meaningful power loss' in most tests.
March 30, 2026
Indian renewable energy major Adani Green Energy has operationalised 951MW of renewable energy capacity across projects in Rajasthan and Gujarat.
March 30, 2026
The German Federal Network Agency has launched an innovation tender, and aims to award 475MW of new solar PV capacity by May.
March 30, 2026
Italian renewables platform Whysol Renewables has secured financing towards four agrivoltaics plants and two battery energy storage systems (BESS) in southern Italy.

Upcoming Events

Solar Media Events
April 15, 2026
Milan, Italy
Solar Media Events
June 16, 2026
Napa, USA
Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland