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Improvements in technologies, new business models, regulatory and market conditions are expected to drive the energy storage market forward

A new report from Navigant Research tracks global energy storage projects, providing data on the country, region, market segment, capacity, status, technology vendor, systems integrator, applications, funding, investment, and key milestones of each effort.

Energy storage, once considered a complementary addition to renewable energy projects, has now shifted to a standalone solution that provides customers and system owners with valuable flexibility and profitability. In addition, thanks to advanced battery energy storage systems, projects are being deployed in the shortest timelines in the history of the industry. Click to tweet: According to a new report from @NavigantRSRCH, worldwide, more than 1,700 energy storage projects exist.

“The global energy storage industry is poised to continue to grow quickly over the next several years, especially in emerging economies,” says Ian McClenny, research analyst with Navigant Research. “With emerging infrastructure becoming increasingly integrated, dynamic, and complex, flexible resources like storage will provide added value to existing and new power generating assets.”

Navigant Research anticipates that energy storage will increasingly become a practical option to costly grid and substation upgrades to meet changes in load, according to the report. Additionally, improvements in energy storage technologies, regional regulatory and market drivers, and new business models are all expected to drive the market forward.

The report, Energy Storage Tracker 3Q17, provides a comprehensive resource of global energy storage projects. The Tracker includes a database of 1,712 projects and tracks the country, region, market segment, capacity, status, technology vendor, systems integrator, applications, funding, investment, and key milestones of each project. In addition, the report includes an analysis of the technology choice within each major region for energy storage, analysis of the leading regions for energy storage capacity and projects, and market share analysis for technology vendors for deployed projects and projects in the pipeline. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.781.270.8456

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* The information contained in this press release concerning the report, Energy Storage Tracker 3Q17, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

HURRICANE MARIA, PUERTO RICO – 2017:

Atlantic hurricanesare some of the most destructiveforces on the face of the Earth. Earlier this year, Hurricane Mariaproduced wind gusts approaching 200 miles per hour (MPH) before making landfall in Puerto Rico. The results of these devastating winds were experienced by the operators of many solar facilities on the island, including one of the largest PV systems in the Caribbean, the Humacao Solar Farm. This is an installation that previouslygeneratedalmost half of all solar production in Puerto Rico.

I was recently reading an article on the Grid of the Future where prosumers are both the producers and consumers of the power. It talks about how people will be able to use decentralized microgrids and not be dependent on centralized grid infrastructure for their energy needs. But if you look at the villages in rural India, Bangladesh and Africa, they seem to be already doing that.

Networked lighting controls and easy-to-use sensors are driving the evolution from intelligent lighting control systems to Internet of Things lighting systems

A new report from Navigant Research examines the global market for Internet of Things (IoT) lighting solutions within commercial buildings, providing use cases, case studies, and forecasts for revenue, through 2026.

IoT lighting solutions bring connectivity to devices that were previously not connected, can provide data through the connection, and allow devices within or outside of lighting systems to communicate. Opportunities for energy and operational cost savings, occupant health and well-being, and insights from data analytics are driving this market forward. Click to tweet: According to a new report from @NavigantRSRCH, global market revenue for IoT lighting is expected to grow from $651.1 million in 2017 to $4.5 billion in 2026.

“Data generation has increased due to the continual growth of connected devices,” says Krystal Maxwell, research analyst at Navigant Research. “The level of granular data produced from an IoT lighting system can be utilized by other building systems and provide greater insight into the building as a whole, making lighting an ideal entrance for IoT in commercial buildings.”

With the aid of networked lighting controls and easy-to-use sensors, the evolution from intelligent lighting control systems to IoT lighting systems is accelerating, according to the report. While lighting controls were originally designed for dimming or daylighting, they have evolved to also assist with space utilization, conference room management, increased employee productivity, and improved operational efficiency through the removal of labor required by facility managers or other building personnel.

The report, IoT for Lighting, analyzes the global market for IoT lighting solutions, including hardware, software, and services, within commercial buildings. The study examines use cases and provides case studies highlighting IoT lighting solutions in select building types. Global market forecasts for revenue, segmented by offering type, building type, and region, extend through 2026. The report also analyzes market issues, including key drivers and barriers for IoT lighting solutions in commercial buildings, as well as prevalent and emerging communication protocols for IoT lighting systems. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.781.270.8456

This email address is being protected from spambots. You need JavaScript enabled to view it.

* The information contained in this press release concerning the report, IoT for Lighting, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

The Trump administration has been getting hammered for restricting its participation in the United Nations climate conference in Bonn, Germany to advocating for “coal, gas, and nuclear.” But like a broken clock that's right twice a day, the Trump administration did get something correct: technologies like nuclear and carbon capture will be extremely important for limiting global warming to our 2 degree goal. 

This fact has been acknowledged by the UN Intergovernmental Panel on Climate Change, the International Energy Agency, and a number of deep decarbonization analyses that include the Obama Administration’s “Mid-Century Strategy.” The problem is that this underlying truth is completely obscured by the Trump administration’s misguided opposition to climate action, which ignores a preponderance of scientific evidence and defies logic.

Ultimately, the administration’s embrace of two sets of technologies that are critical to addressing climate change -- while at the same time denying climate change -- is dangerous to the future of nuclear, carbon capture, and the planet.

First, let’s acknowledge just how tone deaf it is for the Trump team to preach to attendees about anything at the U.N. climate talks: Why should anyone buy the administration’s sales pitch for low-carbon technologies like nuclear and carbon capture when the president has been outspoken in his skepticism about climate change and whether we should be taking serious steps to avoid it?

Why should energy and environment ministers from around the world take suggestions on an emissions-reduction strategy from a country that appoints officials who believe carbon emissions are good for us and forms a team to attack climate science, rather than act on the clear consensus to which scientists have already arrived?

The answer is that U.S. officials cannot seriously hope to influence conversations around carbon capture -- the explicit purpose of which is reducing CO2 emissions -- when our government refuses to acknowledge emissions reduction as a worthwhile function. Even worse, U.S. leaders are (incorrectly) branding carbon capture as a way to prop up the American coal industry, which is in its death throes thanks to inexpensive natural gas and a public desire for cleaner air and water.

The Administration’s efforts are also impeding very important conversations on the need for carbon capture to cut emissions on coal plants in the developing world, the need to deal with natural gas plants being constructed at a rapid clip, the need to address tricky emissions sources in the industrial sector, and to promote direct air capture and other negative emissions strategies.

Furthermore, promoting nuclear power while undermining renewables understandably makes supporters of wind and solar hostile to the idea of nuclear plants serving as a flexible, zero-emissions source of power that can cooperate with renewables and enable their growth on the grid. Hybrid energy systems of nuclear and renewables are feasible and in some cases optimal ways to decarbonize. But it’s probably hard for wind and solar supporters to feel any sense of camaraderie when a pro-nuclear administration repeatedly attacks renewables in its rhetoric, its budget proposals, its appointments, and possibly its trade policy.

So where do we go from here?

It’s critical to the survival of the planet that we do not brand technologies that could be absolutely vital to cutting emissions with the mark of an administration so openly hostile to climate efforts. The Trump administration is not the only American voice in Bonn. Others there and in the U.S. are advocating for a broad set of solutions to our climate crisis. A growing, bipartisan coalition of leaders -- including climate hawks attending COP23 such as Senators Sheldon Whitehouse (D-RI) and Brian Schatz (D-HI) -- is advancing nuclear and carbon capture policies in Congress.

Some utilities are following a similar path. Exelon has worked with the Illinois and New York governments (and is pitching Pennsylvania) to extend the lives of nuclear power plants as part of these states’ climate efforts. Dominion cited the need for carbon free energy in seeking to extend the licenses of two of its power plants in Virginia. The Midwestern utility AEP continues to develop its corporate strategy with the assumption that carbon will get regulated in the U.S. Its CEO, Nick Akins, was critical of the Administration’s announcement that it intended to withdraw the U.S. from the Paris Accord, saying “I think it's really important for us to stay engaged from an international community standpoint...and not withstanding that, we're continuing on our path of moving to a clean energy economy.”

Given that every low and zero emissions technology is critical to addressing climate change, we should welcome the Trump administration’s support for carbon capture and nuclear power. Context, however, is absolutely critical. Going to Bonn to promote “coal and nuclear” without acknowledging the urgent need to address climate change is not engaging in serious dialogue. It’s an enormous missed opportunity bordering on trolling.

If the United States is going to lead in advancing solutions -- including promoting domestic nuclear and carbon capture technologies -- we need an administration that recognizes the challenge we face.      

Austin-based power conversion company Ideal Power fired its founder and chief technologist last week over a personal financial dealing.

Bill Alexander pledged shares of company stock as collateral to secure a personal loan, in violation of Ideal's ethics policy, CEO Dan Brdar confirmed. When the deal came to light, leadership fired Alexander on November 7. The termination for cause meant Alexander did not receive severance pay, per the terms of his contract.

"Your obligation as a director and an officer is to your shareholders," Brdar said. "If you’re pledging your shares against a personal loan, then you have an obligation to whoever you’re securing the loan from."

The matter came to the attention of the company due to a dispute between Alexander and the lender, Brdar said.

"It’s a personal financial situation that Bill has that he needs to sort out," he noted.

The development sparked concern on investor forums that Alexander might take the rights to Ideal's core intellectual property with him. Alexander's name is on several of the company's 80-plus patents, but Ideal retains ownership of them, Brdar said.

"It's unfortunate, but the impact for us is probably not much," he said, adding that Alexander already had moved to more of a technical consulting role.

Ideal Power went public in 2013, hitting a peak stock price of $11.02 in March 2014. Its price tumbled down by 24 percent over the weekend.

Between Alexander's firing and the stock price decline, the company released its quarterly earnings. Ideal posted a loss of $2.2 million for Q3 (that's $700,000 less than it lost in Q3 2016), and holds $11.7 million in cash.

That stock movement probably has more to do with impatient investors looking for results from a partnership with NEXTracker, Brdar said. Ideal is supplying inverters for NEXTracker's solar tracker-plus-storage product, but is still waiting for a major order to close nearly a year after the product was first unveiled.

The first-of-its-kind system features a DC-coupled Avalon Battery flow system that minimizes efficiency losses from extra power conversion steps, and secures the investment tax credit for the storage. It also addresses the problem of "clipping," in which generation in excess of the inverter's capacity gets lost. The storage can hold onto that extra power and push it out at a later time.

"Any time somebody does something new, it takes time to get people comfortable," Brdar said.

When I spoke with Ralph Fallant, NEXTracker's sales director for storage solutions, in July, he declined to say how many trackers had shipped so far. He did say he was getting a "huge amount of interest" from developers and EPCs.

Omnidian, a solar asset management firm offering performance guarantees on residential rooftop arrays, has revealed it secured $5.1 million in venture capital backing this summer.

The oversubscribed seed round funding, which closed in July but has yet to be formally announced, was led by Congruent Ventures, an early-stage venture capital firm that backs companies in the sustainability ecosystem. 

Taking part alongside Congruent were City Light Capital, Blue Bear Capital, Energy Foundry, Ekistic Ventures and Avista Development, a wholly-owned subsidiary of the Washington State utility Avista.

The backing represents Omnidian’s first major cash injection since October 2016, when the company received seed funding of $600,000, according to data on Crunchbase

Omnidian offers residential solar owners a performance guarantee so any loss of production, below an agreed level, is reimbursed. 

It has a software platform that integrates with third-party PV monitoring systems and identifies underperforming assets requiring a field service dispatch. The firm partners with a nationwide network of pre-certified field technicians who carry out repairs. 

"Performance guarantees for residential solar energy present a major opportunity to create value for asset owners and help drive the next wave of growth in the residential solar market," said Abe Yokell, co-founder and managing partner of Congruent Ventures, in a press note.

"We see Omnidian as best positioned to seize this opportunity due to the extensive industry experience of the executive team, as well as the state-of-the-art technology they've developed in a short period of time," he added.

Omnidian claims its team now includes people who have been responsible for managing almost half of all residential solar systems in the U.S., with employees hailing from SolarCity, Sungevity, Spruce Finance and elsewhere.

The company’s three founders are also solar industry veterans.

CEO Mark Liffmann co-founded SunPower’s residential and light commercial business, chief operating officer David Kenny used to be a senior director at SunRun and chief strategy officer Ray Szylko, an ex-managing director at KPMG, was once a SunPower management consultant.  

Liffmann said the company was aiming to reduce risks for individual and corporate owners of residential PV. Unless a rooftop system is leased out under a power-purchase agreement, as a homeowner “you’re really on your own,” he said.

Many homeowners stop monitoring their rooftop solar systems after around six months, Liffmann told GTM, and only realize there is a problem when their electric bills shoot up to the levels they were seeing before they installed the system.

In a typical residential portfolio, between 5 percent and 10 percent of all systems might need remediation at some point in a year, said Liffmann. Omnidian guarantees the performance for a flat annual fee of between $80 and $175 per system.

In little over a year, Omnidian has built up a portfolio including 100 megawatts of capacity under primary management, with a full performance guarantee in place, and more than 300 megawatts for which the company acts as a backup service provider.

The company said it doubled its assets under management in September alone.

The rush is partly a result of residential PV owners becoming more aware of the value of performance guarantees, but also down to companies such as Sungevity going bust and leaving their portfolios in the hands of investors that are not set up for asset management.

“As a portfolio owner, you have performance guarantees and so if your customer is not getting the energy that was being produced then you have to pay damages or penalties,” explained Cedric Brehaut, a solar market analyst affiliated with GTM Research.

Omnidian is part of a growing group of startups targeting this sector, Brehaut said. Locus Energy, for example, offers a solar monitoring and data analytics service with similar functionality to Omnidian’s platform.

Elsewhere, SunSystem Technology specializes in providing field technicians, an area that Omnidian does not yet handle in house.

“What’s unique to Omnidian is they are working with the backing of insurance companies so they can offer portfolio-level performance guarantees,” said Brehaut. “That’s their unique selling point.”

It remains to be seen whether the concept would be economically viable or not, he said. But “it’s good news they have finished a funding round,” he commented. “It means there are investors thinking there is a problem to solve here.”

SolarCity spent its way to explosive growth, becoming America's top residential solar installer. But after it was acquired by Tesla, installations trailed off.

Now its chief competitor, Sunrun, is about to take a top spot in the rankings of third-party solar financiers.

In the newly released report, U.S. Residential Solar Finance Update, H2 2017, GTM Research predicts that Sunrun will overtake SolarCity as the top third-party financing (TPO) provider in the residential solar market by late 2017.

Right on cue

It's been a tumultuous year for the residential solar industry. Three of the largest installers, including NRG Home Solar, Sungevity, and Direct Energy Solar, have gone bankrupt or exited the residential space.

Since struggling SolarCity was acquired by Tesla, its residential business has dwindled. But Sunrun, which has seen moderate and consistent deployment growth over the last few years, filled the gap. It shows that struggles in the residential solar industry may stem from company-specific failings, rather than industry-wide forces.

Looking at the numbers

As a residential lease and PPA provider, we know from Q3 earnings presentations that Sunrun has already surpassed SolarCity based on capacity financed so far in 2017.

Through the first half of the year, Sunrun narrowly missed the top spot in the TPO market with 27 percent market share -- up considerably from its 18 percent market share in 2016, but just behind SolarCity’s 31 percent share. That 4-percent difference between SolarCity and Sunrun equated to just 19 megawatts over two quarters.

In Q3, Sunrun financed 80 megawatts of systems, while SolarCity financed no more than 59 megawatts (a ceiling, as some of SolarCity’s systems were from its commercial business) -- a difference in Sunrun’s favor of more than 20 megawatts.

Market shares of leading solar third party ownership providers by year


Source: GTM Research U.S. Residential Solar Finance Update, H2 2017

Of course, there are other ways to look at the market outside of who is financing systems. Much of SolarCity’s fall as a top residential financier was due to its deliberate pivot away from TPO financing in order to increase its cash position. Today, nearly half of SolarCity’s systems are sold for cash or loans, and this pivot is inextricably linked to loan provider Mosaic’s prominent position in the loan market.

But if we look at the residential market by total deployments (including leases, PPAs, loans, and cash sales), Sunrun likely surpassed SolarCity as the leader in the space for the third quarter of 2017.

According to GTM Research's residential solar financing analysis, SolarCity deployed 233 megawatts of residential solar in H1 2017, Sunrun deployed 148 megawatts, and Vivint Solar deployed 93 megawatts. Yet in Q3 2017, these companies deployed 109 megawatts, 90 megawatts, and 47 megawatts, respectively (SolarCity’s 109 megawatts includes its commercial business).

So if 18 percent or more of SolarCity’s Q3 installations were in its commercial business (which is reasonable given SolarCity’s historic channel mix), then Sunrun would have narrowly out-installed SolarCity in the quarter.


Source: GTM Research U.S. Downstream Distributed Solar Service

Easier said than done for SolarCity and Vivint: Tapping into new sales channels and finance offerings

Both SolarCity and Vivint have endured high customer acquisition costs as mature markets become oversaturated. The companies have been forced to scale back operations in unprofitable markets.

SolarCity dropped its door-to-door sales channel and instead is focusing on acquiring customers through digital leads. Vivint Solar, which has traditionally relied primarily on door-to-door sales, added retail sales to its mix. While these customer acquisition strategy changes are aimed at bringing costs down in the long term, the slow-moving transition to these new strategies has a short-term effect of increasing costs and decreasing sales.

Equally important, both SolarCity and Vivint Solar have made concerted efforts to increase cash and loans sales as a portion of their product mixes.

While the companies make better margins off their TPO products, years of selling leases and PPAs (where the companies receive payment from the customer over a 20-year term) have left both companies in dire need of cash in the near term. Cash and loan sales allow the installers to realize immediate payment for systems they install.

Bven this change comes at a cost. SolarCity and Vivint Solar employ salespeople who have been selling leases and PPAs for more than 10 and five years, respectively. The transition to selling loans has been difficult on sales teams that are forced to change their long-honed pitches, contributing to sales declines at these companies.

While nearly every other large national installation company has struggled to grow this year, Sunrun is a standout.

Unlike its largest competitors, Sunrun has seen customer acquisition costs come down in recent quarters. And unlike SolarCity and Vivint Solar, Sunrun services the market through its direct installation business and through leases and PPAs delivered via its dealer network. By utilizing a dealer network to deploy systems, Sunrun is able to grow alongside the long tail of installers.

Although not all long tail installers are growing, Sunrun’s stringent vetting of installer partners weeds out the weaker installation companies who are more likely to suffer through bust cycles.

Lessons learned from 2017: Is the residential solar financier shakeup here to stay?

As SolarCity and Vivint Solar have deliberately scaled back operations and moved away from employing a strictly vertically-integrated installer and financier model, Sunrun has jumped on the opportunity. Unlike its competitors, Sunrun continues to primarily sell TPO systems through its direct and installer network businesses.

But recent success for Sunrun does not guarantee continued success. While Sunrun is now the leading TPO financier in the residential solar market, questions remain about the size of the addressable market.

As the residential market grows into the future, GTM Research expects the TPO market to stay relatively flat through 2022, putting a ceiling what Sunrun can address. The current transition of the market away from TPO -- which, according to GTM Research, will make up just 37 percent of the residential market in 2017 as compared to 53 percent in 2016 -- is primarily due to what leading installers are choosing to sell.

There is downside risk to the size of the addressable TPO market. As residential system costs continue to decline, consumer-driven demand for TPO financing could become a prevailing force squeezing that market, leaving Sunrun behind the curve. There is certainly ample opportunity for Sunrun to increase its market share with leases and PPAs, but the company has little room for error in a market with a low ceiling.

Allison Mond is a solar analyst with GTM Research. Read the residential solar finance update here.

Industrial Internet of Things strategies can help lower operational costs and drive new revenue streams

A new report from Navigant Research analyzes the industrial Internet of Things (IIoT) market, providing global forecasts, segmented by region and sector, through 2027.

IIoT, part of the overall IoT megatrend, provides businesses of all shapes and sizes the opportunity to leverage technology platforms that can drive growth, lower costs, improve margins, and develop new revenue streams. Through enhanced predictive and preventive maintenance capabilities, IIoT platforms enable more efficient use of energy as the software makes intelligent adjustments regarding energy consumption, while data from sensors yields enhanced insights on optimized equipment maintenance. Click to tweet: According to a new report from @NavigantRSRCH, combined cumulative global revenue for IIoT devices, software, and services is expected to total more than $1 trillion between 2017 and 2027.

“We are starting to see more and more companies across the spectrum adopt IIoT strategies, deploying hardware and software platforms to help lower operational spend, and to serve as a competitive differentiator that can help them sell products and services at lower costs,” says Neil Strother, principal research analyst with Navigant Research. “IIoT technologies also support a broad digital transformation initiative within a business, enabling it to offer customers enhanced services and improved experiences.”

Initially, IIoT solutions can appear overwhelming to managers unsure how to harness the array of hardware, software, and service choices, according to the report. Though there are bumps along the way in these types of deployments at this relatively early market stage, companies are starting to see their investments translate into real benefits.

The report, Industrial Internet of Things, examines the emerging global IIoT market and provides practical guidelines regarding how companies can implement IIoT hardware, software, and services. The study analyzes the key market drivers and inhibitors, technologies, and regulatory frameworks related to IIoT. Global market forecasts, segmented by region and sector, extend through 2027. The report also examines regional IIoT trends, select vendor solutions, and IIoT case studies in eight industry sectors. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.781.270.8456

This email address is being protected from spambots. You need JavaScript enabled to view it.

* The information contained in this press release concerning the report, Industrial Internet of Things, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

The importance of quality infrastructure across the solar value chain

The market is being fueled by the Internet of Things, cloud, and edge computing

A new report from Navigant Research analyzes the global market for building energy management systems (BEMSs), examining technology trends, and providing forecasts, segmented by region, offering type, and customer type, through 2026.

The BEMS market continues to evolve with an increasing focus on the value of data in commercial buildings. An array of combinations of software, services, and/or hardware can address specific market needs, while customer education on the value of BEMSs continues to drive the market forward. Click to tweet: According to a new report from @NavigantRSRCH, global BEMS market revenue is expected to grow from $4.0 billion in 2017 to $13.1 billion by 2026.

“In addition to increased customer education, the BEMSs market is being fueled by a few technology trends: the Internet of Things, and cloud and edge computing,” says Christina Jung, research analyst at Navigant Research. “These trends are expediting BEMS investments that address pain points for commercial customers.”

BEMS solutions vary in levels of integration and functional complexity, and each offering is progressively more integrated and connected than its predecessor, according to the report. Data collected and analyzed from building systems can be integrated into a larger enterprise system, which can inform IoT use cases such as occupancy data for space utilization, location data for behavior analytics in the retail sector, security and access control via smartphone applications, and more.

The report, Market Data: Building Energy Management Systems, analyzes the markets for energy efficient building technologies in Western and Eastern Europe. The study focuses on seven product types (HVAC, lighting, building controls, water efficiency, water heating, building envelope, and other) and two service types (commissioning and installation). Market forecasts, which are also segmented by eight commercial building types and by new construction and retrofit spending, extend through 2026. The report also provides an analysis of the market dynamics, including market drivers and hurdles, opportunities, and unique programs that are helping to extend and broaden commercial building efficiency throughout Europe. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.781.270.8456

This email address is being protected from spambots. You need JavaScript enabled to view it.

* The information contained in this press release concerning the report, Market Data: Building Energy Management Systems, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Adoption of electric buses expected to be focused in regions with government funding due to high upfront cost

A new report from Navigant Research examines the global market for medium and heavy duty electric drive buses, providing an analysis of key market and technology issues, policies, and manufacturer profiles.

In the electric drive bus market, costs of key components such as batteries, motors, and power electronics are declining thanks to increasing volume. These improvements are helping plug-in hybrid and battery electric buses become more viable for fleets, and sales are poised to grow across all geographic markets through 2027. Click to tweet: According to a new report from @NavigantRSRCH, orders for plug-in electric buses have boomed in the past 18 months, with a  40 percent increase in sales from 2016 to 2017, as the technology on offer from bus companies has improved in performance and in price.

“Transit agencies are interested in battery electric buses, thanks to their potential for lower operating costs in addition to having zero emissions and reduced noise,” says Lisa Jerram, principal research analyst with Navigant Research. “New orders for electric buses are growing rapidly, although the transition to battery electric buses will take many years, as agencies test the technology and bus manufacturers ramp up production.”

Despite increasing sales of electric buses, conventional engines will continue to be the powertrain of choice for buses in many markets during the next 10 years, according to the report. The upfront cost for an electric drive bus continues to be an issue; thus, adoption tends to be focused in regions with government support. In all regions except for China, hybrid buses are expected to continue to capture greater market share than plug-in buses in the near-term, thanks to the lower price premium, lack of infrastructure investment, and the wealth of real-world operational experience.

The report, Market Data: Electric Drive Buses, analyzes the global market for medium and heavy duty electric drive buses with the following powertrains: gasoline hybrid, gasoline plug-in hybrid, diesel hybrid, diesel plug-in hybrid, battery electric, and hydrogen fuel cells. The report provides an analysis of key market and technology issues, regional policies, and profiles of many vehicle manufacturers and component suppliers. Global market forecasts for annual sales and vehicle population by segment, country, and powertrain type extend through 2027. The Excel databook accompanying this report also includes pivot tables for electric drive bus sales and population by country, segment, and powertrain type. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.781.270.8456

This email address is being protected from spambots. You need JavaScript enabled to view it.

* The information contained in this press release concerning the report, Market Data: Electric Drive Buses, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Issuances of bonds, non-convertible debentures (NCDs) included have been witnessing record volumes for past 3 years.

Impact Of GST On Solar Sector

Key Driving factors for falling bids in india

“A road map has been laid out to set up at least 50 solar parks, each capacity of 500 MW. How do you think the solar parks in India are shaping up?”

Ecoprogetti srl is the leading manufacturer of complete Turnkey Line for module manufacturing.

Growth Opportunities in the Indian PV Market & Requirement of Indian Module Companies

How important it has become for developers to have solar fencing & security systems on the solar projects

Effects of choosing the right type of wires on the overall performance of the product/ project. 

Best Practices in the BOS Procurement Industry

“ACME is really proud to participate in Indian government’s continued effort to make renewable energy more bankable and attractive for both financial investors and Indian utilities.

Mr. Neelesh Garg, Managing Director, Saatvik Green Energy

"When examined in isolation, this target appears daunting. However, viewing it in perspective of land size required, the ask is 4050 hectares of land. It still seems a far cry from reality. Now, consider it as one-third of the entire rooftop space available in Delhi. Does this sound more realistic? This is exactly what it takes to hit that goal, breaking down the numbers to a vision with high clarity and a strong sense of purpose. In a nutshell, once you can visualize it, you can achieve it. The government has launched the National Solar Mission and is providing subsidies, corporates are doing their best to market their product, yet all stakeholders are missing the mark because of one roadblock-awareness.

Mr. Prashant Panda, President, Solar Business, ACME Solar

Let us first understand why there is a thrust on developing Renewable power plants in India. The peak shortage is currently shown to be around 2-4% and of course we have latent demand for which efforts are going to bring into the system which would heighten the peak demand further. Most of the load is being met through fossil fuel based power plants which is about 186 GW, installed capacity, which are working at the PLF of about 58% on an average. Further, Fossil fuels are finites in nature. Therefore, to serve the demand in an efficient way and to use fossil fuels in an optimized manner, it is time for all of us to look for alternative energy sources for our future energy needs and Renewable fits into this very easily. 

The importance of quality infrastructure across the solar value chain

Various Instruments For India’s Clean Energy Support Measures 

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Credits: IRENA REMap India Paper 2017

Mercom Capital Group, llc, a global clean energy communications and consulting firm, has released its latest quarterly report on funding and merger and acquisition (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors during the third quarter and first nine months of 2017. 

To get a copy of the report, visit: http://bit.ly/MercomSGQ32017

Mercom found that, in the first nine months (9M) of 2017, $1.23 billion was raised by Battery Storage, Smart Grid, and Efficiency companies, up from $910 million raised in 9M 2016.

Battery Storage

In Q3 2017, VC funding for Battery Storage companies dropped to $83 million in seven deals compared to $422 million raised in 10 deals during Q2 2017. A year earlier, $30 million was raised in nine deals in Q3 2016. In 9M 2017, $563 million was raised in 25 deals compared to $209 million raised in 29 deals in 9M 2016. 

The top VC funded Battery Storage companies in Q3 2017 were: Advanced Microgrid Solutions, which raised $34 million from Energy Impact Partners, Southern Company, DBL Partners, GE Ventures, AGL Energy, Macquarie Capital, and former California Governor Arnold Schwarzenegger; Romeo Power, which raised $30 million; and Gridtential Energy, which secured $11 million from 1955 Capital, East Penn Manufacturing, Crown Battery Manufacturing, Leoch International, Power-Sonic, The Roda Group, and the company's chairman, Ray Kubis. 

In all, 16 investors participated in Battery Storage funding in Q3 2017 with Energy Storage Downstream companies raising the most. 

The third quarter saw two debt and public market financing deals in Battery Storage totaling $45 million compared to $107 million raised in seven deals in Q2 2017. In 9M 2017, $174 million was raised in 11 deals compared to six deals that brought in $120 million in 9M 2016. 

There was one M&A transaction involving a Battery Storage company in Q3 2017 compared to three M&A transactions in Q2 2017. In the first nine months of 2017, there were five transactions (two disclosed), down from nine transactions (two disclosed) in 9M 2016. Two Storage projects were also acquired in Q3 2017.

Smart Grid

VC funding for Smart Grid companies in Q3 2017 totaled $76 million in 14 deals, compared to $139 million raised in eight deals in Q2 2017. In a year-over-year (YoY) comparison, $11 million was raised in seven deals in Q3 2016. In 9M 2017, $380 million was raised in 36 deals compared to $343 million raised in the same number of deals in 9M 2016. 

Top VC funded Smart Grid companies included: Particle, which secured $20 million from Spark Capital, Qualcomm Ventures, and previous investors; INTEREL, which raised $11.9 million in funding from Jolt Capital; Roost, which received $10.4 million in funding from Aviva Ventures, Desjardins Insurance, and Fosun RZ Capital; Tritium, which secured $8 million from entrepreneur Brian Flannery; and Innowatts, which raised $6 million from Shell Technology Ventures, Iberdrola Ventures - Perseo, and Energy & Environment Investment. 

In all, 28 investors participated in Smart Grid VC funding rounds in Q3 2017, with SG Communications companies raising the most. 

A total of $11 million was raised in one debt financing deal in Q3 2017 compared to the $9 million raised in one deal in Q2 2017. In 9M 2017, $20 million was raised in two deals compared to $217 million raised in four deals in 9M 2016. 

There were six M&A transactions (two disclosed) in Q3 2017. In Q2 2017, there were six transactions (two disclosed). In 9M 2017, there were 19 transactions (five disclosed) compared to 13 transactions (four disclosed) in 9M 2016. 

Efficiency

VC funding raised by Energy Efficiency companies in Q3 2017 came to $47 million in eight deals compared to $29 million raised in six deals in Q2 2017. In a YoY comparison, $61 million was raised in five deals in Q3 2016. In the first nine months of 2017, $289 million was raised by Energy Efficiency companies in 28 deals compared to $358 million raised in the same number of deals in 9M 2016. 

The Top VC deals in the efficiency category included: Power Survey and Equipment, which received $24 million in funding from EnerTech Capital, Investissement Quebec, Cycle Capital Management, Fonds de solidarite FTQ, and BDC Capital; Corvi, which received a $10 million strategic investment from Hero Enterprise; and Deco Lighting, which secured $8 million in funding from Siena Funding. 

In all, nine investors participated in VC funding in Q3 2017. Within the sector, Efficiency Components companies brought in the most funding. 

Announced debt and public market financing for Energy Efficiency technologies plunged to $615 million in four deals in Q3 2017 compared to the $1.4 billion raised in six deals in Q2 2017. In 9M 2017, $2.3 billion was raised in 13 deals compared to the same amount raised in 11 deals in 9M 2016. 

There was one Property Accessed Clean Energy (PACE) financing deal in Q3 2017 for $205 million versus three deals in Q2 2017 that raised $668 million. In 9M 2017, $873 million was raised in four deals compared to the $1.3 billion raised in six deals in 9M 2016. 

There were two M&A transactions (one disclosed) involving Energy Efficiency companies in Q3 2017, up from just one undisclosed transaction in Q2 2017. For the first nine months of 2017, there were seven transactions (three disclosed), down from 12 transactions in 9M 2016 (four disclosed).

To get a copy of the report, visit: http://bit.ly/MercomSGQ32017

 

About Mercom Capital Group

Mercom Capital Group, llc, is a global communications and research and consulting firm focused on cleantech. Mercom delivers market intelligence and funding and M&A reports covering Battery Storage, Smart Grid, and Energy Efficiency and Solar and advises companies on new market entry, custom market intelligence and strategic decision-making. Mercom's communications division helps companies and financial institutions build powerful relationships with media, analysts, local communities, and strategic partners. About Mercom: http://www.mercomcapital.com. Mercom's clean energy reports: http://store.mercom.mercomcapital.com/page/.

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VALUE CREATION IN THE PHOTOVOLTAIC SECTOR

Auctions in the power sector

Large-scale project funding crosses $10 billion in 9M 2017

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released a new report on funding and merger and acquisition (M&A) activity for the solar sector in the third quarter of 2017 and the first nine months of 2017.

To learn more about the report, visit: http://bit.ly/MercomSolarQ32017 

Total corporate funding (including venture capital funding, public market and debt financing) in the first nine months (9M) of 2017 was slightly lower compared to the same period in 2016, with about $7.1 billion raised compared to the $7.5 billion raised in 9M 2016. There were 143 deals in 9M of 2017 compared to 125 deals in the same period of 2016.

Looking at just Q3 2017 data, Mercom found that corporate funding in the solar sector grew 74 percent compared to Q2 2017, with $2.4 billion raised in 45 deals. In Q2 2017, $1.4 billion was raised in 37 deals. Year-over-year (YoY), funding in Q3 2017 was about 19 percent lower compared to the $3 billion raised in Q3 2016. 

“Debt financing activity outside of the United States helped bump up corporate funding in the third quarter as financing activity in the United States was muted ahead of the Suniva anti-dumping case decision,” commented Raj Prabhu, CEO of Mercom Capital Group. 

Global VC funding (venture capital, private equity, and corporate venture capital) for the solar sector in 9M 2017 rose a slight seven percent to $985 million from $925 million raised during the same period in 2016, largely due to a strong first quarter in 2017.

In Q3 2017, VC funding for the solar sector doubled with $269 million raised in 23 deals compared to $128 million raised in the same number of deals during Q2 2017. Most of the VC funding raised in Q3 2017 (72 percent) went to solar downstream companies with $193 million in 13 deals. 

The Top VC deal in the third quarter of 2017 was the $100 million raised by Indian rooftop installer CleanMax Solar. It was followed by the $56 million raised by Singapore’s Sunseap Group, the $21 million secured by Sol Voltaics, and Ampt’s $15 million. Ubiquitous Energy also raised $15 million. A total of 35 investors participated in solar funding in the third quarter of 2017. 

Solar public market funding was approximately 12 percent lower compared to the first nine months of 2016, with $1 billion raised in 9M 2017 compared to $1.2 billion raised during the same period of 2016. Public market financing fell significantly in Q3 2017 with just $79 million in four deals, down from $473 million raised in six deals in Q2 2017. 

During the first nine months of 2017, debt financing activity accounted for $5.1 billion in 51 deals, which was almost six percent lower compared to the first nine months of 2016, when $5.4 billion was raised in 55 deals. In Q3 2017, announced debt financing rose steeply to $2.1 billion in 18 deals compared to the $798 million raised in eight deals during the second quarter of 2017. 

In the top debt deals, Greenko Energy Holdings raised $1 billion in green bonds in two separate deals, $650 million and $350 million. Cypress Creek Renewables also received $450 million from Temasek. 

Announced large-scale project funding in 9M 2017 crossed the $10 billion mark, with $10.2 billion raised for the development of 117 projects. For the third quarter of 2017 alone, announced large-scale project funding came in at more than $2.8 billion in 36 deals.

Announced residential and commercial solar funds totaled $2.2 billion in 9M 2017, which was lower by almost 35 percent when compared to the $3.4 billion raised during the same period of 2016. 

The first nine months of 2017 saw a total of 58 solar M&A transactions, compared to the 48 transactions seen in the same period (9M) of 2016. There were 18 solar M&A transactions in Q3 2017, up from 11 solar M&A transactions seen in the preceding quarter (Q2 2017) and equal to the number of transactions (18) posted in Q3 2016. Of the 18 total transactions in Q3 2017, 13 involved solar downstream companies, three involved PV manufacturers, and there was one transaction each by a BOS company and an Equipment provider. 

There were 161 large-scale project acquisitions in first nine months of 2017 aggregating over 14.6 GW, compared to 145 project acquisitions totaling just 7.1 GW during the same period of 2016.

Similar to Q2 2017, investment firms and funds were the most active acquirers in Q3 2017, with 26 projects for over 2 GW, followed by project developers with 16 transactions totaling over 1.1 GW. 

Mercom tracked 296 new large-scale project announcements worldwide in Q3 2017 totaling 15.7 GW. 

To learn more about the report, visit: http://bit.ly/MercomSolarQ32017

 

About Mercom Capital Group

Mercom Capital Group, llc, is a global communications and consulting firm focused exclusively on clean energy and financial communications. Mercom’s consulting division advises cleantech companies on new market entry, custom market intelligence and overall strategic decision making. Mercom’s consulting division also delivers highly respected industry market intelligence reports covering Solar Energy and Battery Storage, Smart Grid, & Efficiency. Our reports provide timely industry happenings and ahead-of-the-curve analysis specifically for C-level decision making. Mercom’s communications division helps clean energy companies and financial institutions build powerful relationships with media, analysts, government decision makers, local communities and strategic partners. For more information about Mercom Capital Group, visit: http://www.mercomcapital.com. To get a copy of Mercom’s popular market intelligence reports, visit: http://eepurl.com/cCZ6nT.

REQUIREMENTS FOR SOLAR PV DEVELOPMENT

Presently, the unutilized roofs for roof top plant, barren and low vegetation land for ground mounted systems and Building Integrated Solar PV Plants have been using these unutilized locations for solar plant installation as these require large space for installation of power plant.

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors for the second quarter and first half of 2017. 

In the first half (1H) of 2017, $1.03 billion was raised by Battery Storage, Smart Grid, and Efficiency companies compared to $807 million in 1H 2016.

To get a copy of the report, visit: http://bit.ly/MercomSGQ22017

Battery Storage

Venture capital (VC) funding (including private equity and corporate venture capital) for Battery Storage companies jumped in Q2 2017 to $422 million in 10 deals compared to $58 million in eight deals in Q1 2017 due to very large funding deal. Year-over-year (YoY) funding was higher compared to $125 million raised in Q2 2016 from 10 deals. In the first half (1H) of 2017, $480 million was raised in 18 deals compared to the $179 raised in 20 deals in 1H 2016. 

The top VC funded Battery Storage companies in Q2 2017 were: Microvast Power, which raised $400 million from CITIC Securities, CDH Investment, National Venture Capital, and others; Vionx Energy received $12.75; and Moixa Technology raised $3.2 million in funding from the Greater Manchester Combined Authority, Tokyo Electric Power Company (TEPCO), and First Imagine! Ventures. 

Eleven investors participated in Battery Storage funding in Q2 2017 with Lithium-based Battery companies raising the most. 

There were seven debt and public market financing deals in Battery Storage in Q2 2017 totaling $107 million compared to $22 million in two deals in Q1 2017. In 1H 2017, there was $129 million raised in nine deals compared to three deals bringing in $69 million in 1H 2016. 

There was one Battery Storage project fund in 1H 2017 for $152 million compared to three deals raising $195 million in 1H 2016. 

Battery Storage project funding in 1H 2017 totaled $5 million in two deals compared to no deals in 1H 2016. 

There were three M&A transactions involving Battery Storage companies in Q2 2017. In Q1 2017, there was one M&A transaction. In the first half of 2017, there were four transactions (one disclosed) compared to six transactions in 1H 2016 (two disclosed). 

Smart Grid

VC funding for Smart Grid companies in Q2 2017 came to $139 million in eight deals compared to $164 million in 14 deals in Q1 2017. In a YoY comparison, $222 million was raised from 15 deals in Q2 2016. $304 million was raised in 22 deals in 1H 2017 compared to $331 million raised in 29 deals in 1H 2016. 

The top VC funded Smart Grid companies included: Actility, which secured $75 million from Creadev, Bosch, Inmarsat, Idinvest, Bpifrance, Ginko Ventures, KPN, Orange Digital Ventures, Swisscom, and Foxconn; ChargePoint raised $43 million from Siemens; FreeWire Technologies received $7.6 million; and Enervalis secured $4.8 million from LRM, Nuhma, and ABB. 

Seventeen investors participated in Smart Grid VC funding rounds in Q2 2017 with Demand Response companies raising the most. 

There was one debt and public market financing deal in Smart Grid in Q2 2017 totaling $9 million compared to no deals in Q1 2017. In 1H 2017, $9 million was raised in one deal compared to $217 million in three deals in 1H 2016. 

There were six Smart Grid M&A transactions in Q2 2017 compared to seven transactions in Q1 2017. In the first half of 2017, there were 13 transactions (three disclosed) compared to five transactions (two disclosed) in 1H 2016. 

Efficiency

VC funding into Energy Efficiency technology companies fell significantly to $29 million in six deals in Q2 2017 compared to the $213 million in 14 deals in Q1 2017 and $86 million in nine deals in Q2 2016. $242 million was raised in 20 deals in 1H 2017 compared to $297 million raised in 23 deals in 1H 2016. 

The Top Efficiency VC deals included: $15 million raised by CIMCON Lighting from Energy Impact Partners; the $5 million raised by Tendril Networks; OptiWatti raised $4 million from Taaleri Kiertotalous and Butterfly Ventures; and Illumitex raised $4 million from WP Global Partners and NEA. 

Six investors participated in VC funding in Q2 2017. Within the sector, Efficiency Lighting companies brought in the most funding. 

Debt and public market financing for Efficiency companies rebounded to $1.4 billion in six deals in Q2 2017 compared to $301 million in three deals in Q1 2017. In 1H 2017, there was $1.7 billion raised in nine deals compared to $2 billion raised in the same number of deals in 1H 2016. 

There was one M&A transaction in the Efficiency sector in Q2 2017 compared to four in Q1 2017. In the first half of 2017, there were five transactions (two disclosed) compared to 10 transactions in 1H 2016 (four disclosed).

To get a copy of the report, visit: http://bit.ly/MercomSGQ22017

About Mercom Capital Group

Mercom Capital Group, llc, is a global communications and research and consulting firm focused on cleantech. Mercom delivers market intelligence and funding and M&A reports covering Battery Storage, Smart Grid, and Energy Efficiency and Solar and advises companies on new market entry, custom market intelligence and strategic decision-making. Mercom's communications division helps companies and financial institutions build powerful relationships with media, analysts, local communities, and strategic partners. About Mercom: http://www.mercomcapital.com. Mercom's clean energy reports: http://store.mercom.mercomcapital.com/page/.

# # #

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the solar sector in the second quarter of 2017 and first half of 2017.

Total corporate funding (including venture capital funding, public market and debt financing) in the first half (1H) of 2017 was slightly up compared to the same period in 2016 with about $4.6 billion raised compared to the $4.5 billion raised in 1H 2016. There were 97 deals in 1H 2017 compared to the 79 deals in 1H 2016.

Corporate funding in the solar sector fell in Q2 with $1.4 billion raised in 37 deals compared to the $3.2 billion raised in 60 deals in Q1 2017. Year-over-year (YoY) funding in Q2 2017 was about 17 percent lower compared to the $1.7 billion raised in Q2 2016.

To learn more about the report, visit: http://bit.ly/MercomSolarQ22017

“There is a great deal of uncertainty in the solar markets right now, which is reflected in funding activity. However, solar public companies, especially on the U.S. stock markets, have done well this year. A lot is riding on how the Suniva anti-dumping case plays out as it will dictate market dynamics going forward,” commented Raj Prabhu, CEO of Mercom Capital Group.

Global VC funding (venture capital, private equity, and corporate venture capital) for the solar sector in 1H 2017 was 23 percent higher with $713 million compared to the $579 million raised in 1H 2016, largely due to a strong first quarter in 2017.

In Q2 2017, VC funding for the solar sector saw a steep decline with $128 million in 23 deals compared to $585 million in 22 deals in Q1 2017. Most of the VC funding in Q2 2017 went to solar downstream companies (72 percent); $92 million was raised in 15 deals.

Top VC deals in 1H 2017 included the $200 million raised by ReNew Power Ventures followed by the $155 million raised by Greenko Energy Holdings, the $125 million secured by Hero Future Energies, Silicon Ranch’s $55 million, $25 million raise by Siva Power and the $25 million raise by Spruce Finance. A total of 55 investors participated in solar funding in 1H 2017.

Solar public market funding was much higher in 1H 2017 compared to the first half of 2016 with $934 million raised compared to $276 million in 1H 2016. Public market financing was slightly up in Q2 2017 with $473 million raised in six deals compared to the $461 million in 13 deals in Q1 2017.

Announced debt financing in 1H 2017 came to $3 billion compared to $3.7 billion in 1H 2016. In Q2 2017, announced debt financing fell to $798 million in eight deals compared to $2.2 billion in 25 deals in Q1 2017. There was one securitization deal in Q2 2017 by Sunnova which raised $255 million.

Announced large-scale project funding in 1H 2017 came to $7.4 billion in 81 projects. In Q2 2017, announced large-scale project funding came in at $4.8 billion in 48 deals.

Announced residential and commercial solar funds totaled $1.8 billion in 1H 2017 compared to $2.3 billion in the same period of 2016.

In 1H 2017 there were a total of 40 M&A transactions, compared to 30 in the same period of 2016. There were 11 solar M&A transactions in Q2 2017 compared to 29 solar M&A transactions in Q1 2017 and 16 transactions in Q2 2016. Of the 11 total transactions in Q2, eight involved solar downstream companies, two involved PV manufacturers, and one transaction was by a BOS company.

There were 100 large-scale project acquisitions in 1H 2017 totaling 10.6 MW, compared to 90 project acquisitions totaling 4.5 GW in the first half of 2016.

Investment firms and funds were the most active acquirers in 1H 2017, picking up 37 projects totaling 4.2 GW, followed by project developers with 17 transactions for 4.6 GW.

Mercom tracked 206 new large-scale project announcements worldwide in Q2 2017 totaling 11.1 GW.

To learn more about the report, visit: http://bit.ly/MercomSolarQ22017

 

About Mercom Capital Group

Mercom Capital Group, llc, is a global communications and consulting firm focused exclusively on clean energy and financial communications. Mercom’s consulting division advises cleantech companies on new market entry, custom market intelligence and overall strategic decision making. Mercom’s consulting division also delivers highly respected industry market intelligence reports covering Solar Energy and Battery Storage/Smart Grid/Efficiency. Our reports provide timely industry happenings and ahead-of-the-curve analysis specifically for C-level decision making. Mercom’s communications division helps clean energy companies and financial institutions build powerful relationships with media, analysts, government decision makers, local communities and strategic partners. For more information about Mercom Capital Group, visit: http://www.mercomcapital.com. To get a copy of Mercom’s popular market intelligence reports, visit: http://eepurl.com/cCZ6nT.

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In Conversation with Mr.  Philippe Serres, Regional Manager for South Asia,  Proparco and Mr. Nicolas Fornage, Regional Director for India & Bangladesh, Agence Française de Développement (AFD)

In Conversation with Mr. Vijay Khandwekar, Head of Module Mounting Structure Business, Solar, Tata International.
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