mercom

Mercom: US$300m ReNew Power deal and stock exchange listings help industry raise US$6bn in H1 2019 from venture capitalists, public markets and debt providers.

Mercom: Funding announcements for large-scale double to US$5.68bn in first quarter compared to Q1 2018 while actual financing grows 10% to US$2.8bn.

A series of issues that initially centered on the US Section 201 case, the US v China trade, China’s 531 New Deal and India’s trade tariffs, combined to slice around US$3 billion from the total global corporate funding into the solar sector in 2018, according to Mercom Capital Group.

India has reached 20GW of cumulative solar installations with 18.4GW in utility-scale and 1.6GW in rooftop solar, according to Mercom India Research.

India recently proposed a new strategy of supporting its domestic solar manufacturers by allocating 7.5GW of local content tenders to Central Public Sector Undertakings (CPSUs), but analysts have identified a number of limitations.

Mercom has projected 10.5GW for 2017, well up from 9,812MW in its April quarterly report, and the 9,020MW projected in January.

Imported inverters could even be subject to an extra International GST tax, while an MNRE official told Mercom that there would be a 5% increase in solar project costs.

World's largest solar park at Kurnool is nearly complete, NTPC installs India's first PV canal, NTPC completes an AC microgrid test bed.

UPDATED: India solar manufacturers have filed an anti-dumping petition with the Ministry of Trade and Commerce against Chinese solar cells and modules, according to a report from consultancy firm Mercom Capital Group, although no official notification has been released so far.

India will install an estimated 8.8GW of solar in 2017 according to the consultancy and market research firm Bridge to India.