The key domestic and international institutions driving renewable energy growth in India
16 February 2021 (IEEFA India): A huge global capital pool is mobilising to invest in renewable energy and grid projects in India, according to a new IEEFA report, with pull factors including solar power tariffs hitting record lows, plunging solar module costs, record low interest rates, and the security of government-backed, 25-year power purchase agreements (PPAs).
âDomestic and global institutions across the financial, corporate, energy, utility and government sectors are primed to deploy a wall of capital that India needs to fund its ambitious renewable energy targets,â says report co-author Tim Buckley, Director Energy Finance Studies, South Asia, at the Institute for Energy Economics and Financial Analysis (IEEFA).
A huge global capital pool is mobilising to invest in renewable energy in India – but how much investment is needed to reach the country’s 2030 target?
Global corporate funding in solar sector increases 24% in 2020
During the year, global venture capital and private equity funding came to $1.2 billion in 41 deals, compared to $1.4 billion in 53 deals in 2019
Niti Kiran | January 14, 2021 | Updated 13:27 IST
Solar service providers raised $61 million in 2019-20
Total corporate funding into the solar sector globally, including venture capital, private equity (VC), debt financing, and public market financing, stood at $14.5 billion in 2020, a 24 per cent increase compared to the $11.7 billion raised in 2019, says a Mercom Capital report.
During the year, global venture capital and private equity funding came to $1.2 billion in 41 deals, compared to $1.4 billion in 53 deals in 2019. Of the this, $1.1 billion went to 27 solar downstream companies, which accounted for a 90 per cent share. Solar service providers raised $61 million; PV companies raised $17 million; Balance of system companies brought in $15 million; thin-film tec
(Credit: Pixabay)
Total corporate funding into the solar sector globally, including venture capital, private equity (VC), debt financing, and public market financing, came to $14.5 billion, a 24% increase compared to the $11.7 billion raised in 2019. That’s according to a new report published by Mercom Capital Group, a global clean energy communications and consulting firm.
“Following a tough first half when corporate funding was down 25% year-over-year, recovery has been swift and broad, with corporate funding up 24% for the year. Publicly-traded solar companies had an unprecedented year. The solar ETF was up 225%, with 15 solar stocks up over 100% in 2020. Public market funding was also up with the help of several IPOs, and debt financing was up on the back of securitization deals. Solar asset acquisitions were at an all-time high in a pandemic year and have become even more sought-after as an investment haven, especially in the uncertain COVID economy,” said Raj Prabhu, C
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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi