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

December 12, 2025
A roundup of three solar PV project financing stories from Australia, Texas and California, with updates from Potentia Energy, Origis Energy and Baywa r.e.  
December 12, 2025
A round-up of news coming from Europe, with IPP Encavis acquiring a 265MW solar PV portfolio in Italy, Iberdrola starting construction on 366MW of solar PV in its home country and IPP Sonnedix signing a renewables supply agreement with a subsidiary of Volkswagen in Spain.
December 12, 2025
India’s flagship solar PV manufacturing incentive has driven “robust growth” in the sector since its launch, but hurdles remain to building a complete domestic supply chain.
December 12, 2025
Solar PV companies in the US are not waiting for guidance from the US Departments of the Treasury or Energy to act regarding Foreign Entity of Concern (FEOC), according to a survey conducted by Crux.
December 12, 2025
US solar PV module prices have stabilised at just over US$0.28/W in the three months to November 2025, according to Anza.
December 11, 2025
The Chinese polysilicon industry has emerged with a new "inventory platform" with a RMB30 billion capital aimed at increasing prices.

Upcoming Events

Upcoming Webinars
December 17, 2025
2pm GMT / 3pm CET
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 24, 2026
Dallas, Texas
Solar Media Events
April 15, 2026
Milan, Italy
Solar Media Events
June 16, 2026
Napa, USA