Wind power developers in India have been facing delayed payments from distribution companies of up to eight months at a time in various states, but solar developers have experienced only negligible delays in a couple of states, according to industry analysts.
The Indian state of Karnataka has revised its tariff for small-scale and rooftop solar systems downwards in the range of 25-45% in response to a reduction in the capital costs of solar.
Global clean energy communications and consulting firm Mercom Capital has released its report on funding and merger and acquisition (M&A) movements for the PV market in the first quarter of 2016.
Global corporate funding in the solar industry reached US$25.3 billion in 2015, with a record year for residential and commercial solar, according to consultancy firm Mercom Capital.
