Investments in the Indian Solar Sector Totaled $2 Billion in Q3 2022

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Investments in the Indian solar sector in the third quarter (Q3) of the calendar year (CY) 2022 totaled $2 billion (~₹161.1 billion), a 30% quarter-over-quarter (QoQ) decrease compared to the $2.9 billion (~$220.6 billion) in Q2 2022. Investments were down 45% year-over-year (YoY) from $3.7 billion (~$271.2 billion).

这些数字在Mercom India Research的最新报告中揭示了Q3 2022India Solar Market Update.

In Q3 2022, solar installations fell by 32.5% QoQ, with several large projects postponed to future quarters, directly resulting in lower investments. In addition, lower manufacturing investments in the quarter also affected the overall totals.

Investments Q3 2022 Chart

The commissioning delays of ongoing solar projects and the uncertainty over the Great Indian Bustard issue in Rajasthan led to a significant drop in investments in the quarter.


主要的大型太阳能开发商经历了最高的股权投资涌入。英雄未来的能量在本季度获得了总投资中最大的投资(约359亿卢比)。

Top deals that grabbed the headlines in Q3 2022

Independent power producerReNew Powerannounced与十二名国际贷方合作,认为这是印度可再生能源部门的最大外部商业借款(ECB)项目融资贷款总计11亿美元(约877亿卢比)。贷款通过创建由荷兰荷兰跨国银行Rabobank领导的特殊用途车辆而捆绑在一起。该公司旨在通过利用贷款来扩大其总可再生投资组合。

Power Finance Corporation (PFC)signeda loan agreement for ¥30 billion (~$220.83 million) with Japan Bank for International Cooperation (JBIC). The long-term facility to PFC is under the JBICs initiative titled ‘Global action for Reconciling Economic growth and Environmental preservation,’ under which JBIC provides financing for projects which ensure the effective reduction of greenhouse gas emissions and conservation of the global environment.

Global investment firm Kohlberg Kravis Roberts (KKR) and the Hero Groupsigneda definitive agreement to invest $450 million (~₹36.6 billion) inHero Future Energies, the renewable arm of the Hero Group.

以印度为中心的可再生能源平台Continuum Green Energy上调$350 million (~₹27.9 billion) from two marquee global institutional investors to finance the expansion of its clean energy projects. The fund-raising round allowed the investors to issue an additional $50 million (~₹3.99 billion) on fulfilling certain conditions.

Solar Ethyl Vinyl Acetate (EVA) manufacturerNavitas Alpha可再生能源上调由投资咨询公司Niveshaay领导的种子回合中的7000万卢比(约866,041美元),来自Madhusudan Sarda,Ivy Growth Associates等。这笔资金将增加约750兆瓦的封装能力,并加强公司的研发计划。

Reliance New Energy, a wholly-owned subsidiary of信仰行业,acquired在总结的Caelux Corporation(一家开发基于钙钛矿的太阳能技术以提高模块效率的公司)的公司中,加利福尼亚州的Caelux Corporation的股份为20%(约9.760亿卢比)。预计该合作伙伴关系将有助于依赖在其Jamnagar的Gujarat Gigafactory中产生更高的效率和低成本太阳模块,并在此建立一个集成的光伏工厂。

以太阳能为注重能源的深技术创业公司Renkube安全₹24 million (~$300,000) in a seed round led by CIIE.CO, a startup incubator established by IIM Ahmedabad. JITO Angel Network and K4 Forum Mumbai Network participated in the round. Halliburton Labs, a wholly-owned subsidiary of American hydraulic fracturing operations company Halliburton, also took part in the funding round via Renkube’s selection to its clean energy accelerator.

Mercom’s Q3 2022 India Solar Market Update covers all facets of India’s solar market. For the complete report, visit://www.luncai5.com/product/q3-2022-india-solar-market-update/