Mercom Capital

Investments in the energy storage and smart grid globally grew 66 per cent year-on-year to record USD 25 billion in January-September period this year, according to a Mercom Capital report. The funding includes those through venture capital, public market financing and debt financing. "Total corporate funding for energy storage, smart grid, and efficiency companies in 9M 2022 was record USD 25 billion compared to USD 15.1 billion raised in 9M (January-September) 2021," the global clean energy consulting firm said in the report released on Wednesday. During January-September 2022, the energy storage segment garnered USD 22 billion funding through 92 deals. This is 69 per cent higher compared to the USD 13 billion raised in 74 deals in the year-ago period. The rest were made in smart grid and energy efficiency areas. Raj Prabhu, CEO of Mercom Capital said, the investments will continue to rise, with energy storage companies poised to play a vital role in the transition from fossil f

Solar capacity installations in the country rose by 59 per cent to record 7.2 gigawatt (GW) during first half of 2022, according to Mercom India Research. In January-June or H1 of 2021, the country had added 4.5 GW solar capacity, the research firm's 'Q2 2022 India Solar Market Update' released on Thursday said. The solar installations in April-June period of 2022 also increased by 59 per cent to over 3.9 GW compared to 2.4 GW installed in second quarter of 2021. "The sector has witnessed the highest ever quarterly and half-yearly solar capacity additions," it said. India's cumulative installed solar capacity now stands at 57 GW. "Even with mounting challenges from supply constraints and rising costs, India had its best quarter and first half ever for solar," said Raj Prabhu, CEO of Mercom Capital Group. Cumulative large-scale solar PV installations in Rajasthan reached almost 13 GW as of June 2022, and the state accounted for almost 27 per cent of the total installations in the

Corporate funding in global solar sector, including India, saw a quarter-on-quarter growth of 51 per cent to USD 7.5 billion in the March quarter, according to Mercom Capital Group

Adani tops global league table in installed capacity

There is a cautious optimism in the solar industry as aggressive bidding remains a major concern throughout the sector, the company says