mercom

Corporate funding in the global solar sector in the first half of 2021 was up almost threefold year-on-year, according to a new report from Mercom Capital Group.

India installed just 205MW of solar capacity in the second quarter of 2020, down 86% year-on-year, according to a new report from research and consulting firm Mercom India Research.

Mercom stats paint bright picture for corporate solar funding in 2019 but IRENA warns capital flows to broader renewables must more than double by 2030 to combat global heating.

Mercom: Rising allocations from debt players, private equity, venture capital and public markets helped global industry raise US$9bn between January and June 2019.

Mercom: US$300m ReNew Power deal and stock exchange listings help industry raise US$6bn in H1 2019 from venture capitalists, public markets and debt providers.

Mercom: Funding announcements for large-scale double to US$5.68bn in first quarter compared to Q1 2018 while actual financing grows 10% to US$2.8bn.

A series of issues that initially centered on the US Section 201 case, the US v China trade, China’s 531 New Deal and India’s trade tariffs, combined to slice around US$3 billion from the total global corporate funding into the solar sector in 2018, according to Mercom Capital Group.

India has reached 20GW of cumulative solar installations with 18.4GW in utility-scale and 1.6GW in rooftop solar, according to Mercom India Research.

India recently proposed a new strategy of supporting its domestic solar manufacturers by allocating 7.5GW of local content tenders to Central Public Sector Undertakings (CPSUs), but analysts have identified a number of limitations.

Mercom has projected 10.5GW for 2017, well up from 9,812MW in its April quarterly report, and the 9,020MW projected in January.