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

April 1, 2026
Danish independent power producer (IPP) European Energy has divested a 470MW hybrid project in Lithuania to Israel-based IPP Energix.
April 1, 2026
Indian independent power producer (IPP) Inox Clean Energy has acquired the Macquarie-owned Vibrant Energy, which operates a 1,337MW commercial and industrial-focused renewables portfolio across India.
April 1, 2026
The world added 510GW of new solar PV capacity in 2025, the most of any electricity generation source, according to IRENA.
April 1, 2026
In its analysis, Ember examined grid capacity across 20 EU countries and found the major gap was at the transmission level, with a possible shortfall of 104 GW that would affect utility-scale solar projects.
April 1, 2026
Solar power has saved the EU over €110 million (US$127.5 million) a day since the outbreak of war in the Middle East, according to SolarPower Europe.
April 1, 2026
Toyo Solar shipped 4.5GW of cells in FY2025, surpassing its full-year target, while module shipments reached 249MW.

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