India’s government will provide central finance assistance (CFA) for 100MW of grid-connected rooftop solar projects in the state of Tamil Nadu, according to Mercom Captial Group.
Delays in solar PPA signing combined with a petition from developers has led to significant project commissioning deadline extensions in the Indian state of Uttarakhand, according to consultancy firm Mercom Capital Group.
The participation of venture capital (VC) investors seems to have cooled, while project funding has conversely seen a sharp rise, in the latest quarterly report into funding and mergers and acquisitions from Mercom Capital.
India’s installed cell and module manufacturing capacity has reached 1,468MW and 5,848MW respectively as of 30 June 2016, according to figures released by the Ministry of New and Renewable Energy (MNRE).
India’s Ministry of Power has confirmed previously announced plans to waive inter-state transmission charges and losses for both wind and solar projects won through competitive bidding.
Global clean energy communications and consulting firm Mercom Capital Group released its report on funding and merger and acquisition (M&A) moves for the PV market in the third quarter of 2016.
Indian minister for energy and mines Piyush Goyal has said that distribution companies (Discoms) failing to implement the priority status for renewbale energy plants is hampering the industry.
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.
