Solar is dominating India’s renewable energy revolution, but there is a need to push various financing mechanisms for each solar segment to reach the country's vastly ambitious targets, according to a new report from Bloomberg New Energy Finance (BNEF).
Rooftop solar will play a crucial role in supplying electricity to the world’s burgeoning city populations due to the ease of retrofitting PV onto established buildings, according to the latest report from International Renewable Energy Agency (IRENA).
Globally, the top 10 inverter suppliers accounted for around 75% of shipments in 2015. In India, the market is even more concentrated as the top 10 suppliers accounted for over 85% of shipments. Despite this, there is intense price competition and churning in supplier landscape. Bridge to India's Jasmeet Khurana investigates.
Goldman Sachs-backed rooftop solar specialist Asia Clean Capital (ACC) and Japan’s Toshiba Mitsubishi Electric Industrial Systems Corporation (TMEIC) will develop a 200MW solar pipeline in mainland China.
The government of the Indian state of Madhya Pradesh has introduced its 2016 policy for decentralized renewable energy systems with a particular focus on rooftop solar PV.
US car maker General Motors to add 30MW of solar arrays in China, as it commits to 100% renewable energy by 2050 across its global operations in 59 countries.
Third party financing could support more than half of India’s solar rooftop segment by 2022, but several policy initiatives must be introduced to make this model attractive to consumers, according to a report from advisory organisation the Climate Policy Initiative (CPI).
