Page 2 - Solar Sector
Expiry of safeguard duty: Boon for solar developers, bane for manufacturers
Sector executives feel this would exacerbate the problems of domestic manufacturers of solar cells and modules.
PLI boost spurs solar manufacturers to look at new schemes for growth
A basic Customs duty of 40 per cent on solar cells and 25 per cent on modules will come into effect from April 1, 2022
Global solar sector sees 193% rise in corporate funding: Mercom Capital
The global solar sector including the Indian market has witnessed total corporate funding of USD 13.5 billion in January-June period of 2021, registering a jump of nearly three-folds over the previous year, according to a report. Total corporate funding, including venture capital funding, public market and debt financing, into the solar sector stood at USD 4.6 billion during the same period of 2020, the report by clean energy consulting firm Mercom Capital Group said. "Funding was up across the board in the first half of 2021 compared to last year, which was severely affected by the pandemic. Corporate M&A activity was up with solar developers expanding their pipelines, oil and gas companies diversifying into renewables, and funds buying up renewable assets," said Raj Prabhu, CEO of Mercom Capital Group. "The transition from fossil fuels to renewables and Environmental, Social and Governance (ESG) investing trends made an impact on financing as well as merger and acquisition ...
Hitachi ABB Power Grids in India to go carbon neutral by 2030
Has already signed PPAs with a few green power generators in Gujarat, will sign more such contracts to move to 100% green energy by March 2022
'Total corporate funding in solar sector up 15% at $5.3 bn in H1 2018'
On a quarter-on-quarter basis, corporate funding increased in the April-June period of this year with $2.8 billion in 34 deals compared to the $2.5 billion in 44 deals in January-March 2018
Corporate funding in solar sector stands at $2.4 bn in Q3, says report
The figures include venture capital funding, public market and debt financing
Global solar sector funding flat at $4.6 bn in Jan-Jun; Q2 numbers halve
Announced debt financing came to $3 billion in 33 deals, as per the report
