Solar project developers are striving to get finances from banks and private equity players. Indian banks have very limited financing exposure for solar rooftop projects. So far the banks have over 800 Bn $ exposure and 16% of the assets are stressed assets. Stressed assets are exerting pressure on public Read more…
Number of partnerships were inked on 8 th September 2020 at the First World Technology Summit hosted by the International Solar Alliance (ISA). ISA has been given the nodal agency mandate for implementing India’s global electricity grid plan. It has also entered into a partnership with NTPC which will help Read more…
PPA default occurs when there is a breach of contract between developer and off-taker. The off-taker may default due to a failure to make agreed payments, failure to perform the contracted obligations, provision of incorrect information in the initial PPA agreement, and shutdown of the off-taker’s business. The developer will Read more…
In the capex model, small consumers buy the solar PV systems encouraged by accelerated tax depreciation benefits. However, if the government phases out accelerated tax depreciation in 2017 as expected, consumers may no longer choose to buy solar PV systems. In addition, the high cost of capital, lack of debt Read more…
The RESCO model addresses household or commercial and industrial consumers’ reluctance to purchase solar PV systems due to technical performance risk, high capital costs and lack of access to debt finance by ensuring that they don’t need to pay anything upfront. Instead, the solar developer offering the RESCO requires the Read more…
At the end of 2019, global PV installations reached 627 GWDC, an annual increase of 115 GWDC from 2018. – In 2019, the leading markets in terms of annual deployment were China (30 GWDC), the United States (13 GWDC), and India (10 GWDC). • Before the spread of COVID-19, analysts Read more…
India installed 9.9 GW of PV in 2019, a decline of 8% y/y and 23% from its peak in 2017. – Large-scale projects accounted for 85% of 2019 installs and 88% of cumulative PV installations. – Mercom attributes the difficulties in the largescale PV market to come from: contracting and Read more…
From 2010 to 2019, the efficiency of modules installed in the United States increased significantly: – 14.4% to 19.4% for mono c-Si – 13.7% to 17.4% for multi c-Si – 11.0% to 17.4% for CdTe. • Based on preliminary data for Q1 2020, the average efficiency of mono c-Si and Read more…
From 2010 to 2019, shipments from the top 10 PV manufacturers grew from 11 GW to 78 GW, with some companies shipping more than 10 GW annually. • Only four of the leading companies in 2010 remain in the top 10 in 2019, and all in the bottom half. • Read more…
Global module and module-component prices continued their price declines in the first five months of 2020, with BNEF reporting mono c-Si modules down 8% to 0.21/W, multi c-Si modules down 11% to $0.19/W, cells down 24% to $0.10/W, and polysilicon down 18% to $6.5/kg. • PVInsights reported average module prices Read more…