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$330Bn Indian Renewable Energy Investment Expected by 2030 (Int'l)
Mercom
Date: 2019-07-10
According to Mercom's Economic Survey 2018-19, India ranks fourth in terms of installed wind capacity globally and fifth in terms of installed solar capacity.

The Mercom survey notes that the share of renewable energy is progressively increasing in the Indian electricity mix and that the additional investments in renewable projects up to 2022 (excluding transmission) will be about $80 billion at today's prices and an investment of around $250 billion will be required for the period 2023-2030. ON an annualized basis, a $30 billion investment in renewable energy is expected over the next decade.

According to the survey, the cumulative renewable power installed capacity (excluding hydro of above 25 MW) has more than doubled from 35 GW on March 31, 2014, to 78 GW on March 31, 2019. The target is to achieve an installed capacity of renewable-based power of 175 GW by the year 2022. The share of renewables (excluding hydro above 25 MW) in the total generation was around 10 pct in 2018-19 compared to about 6 pct in FY 2014-15, the survey notes. (Source: Mercom Capital Group, July, 2019) Contact: Mercom Capital Group, (512) 215-4452, info@mercomcapital.com, www.mercomcapital.com

More Low-Carbon Energy News India Renewables,  Wind,  Solar,  Mercom,  


Battery Storage VC Funding Hits $539Mn in H1, says Mercom Report (Ind. Report)
Mercom Capital Group
Date: 2018-07-25
Mercom Capital Group LLC consultancy's report on funding, mergers and acquisitions (M&A) activity for the battery storage, smart grid and energy efficiency sectors notes that venture capital (VC) funding for battery storage companies grew to $539 million in the first half of 2018, marking a 12 pct year-on-year rise. The data covers the second quarter and first half of 2018.

According to the report, corporate funding in battery storage came from 34 investors, with the top dealan $80-million Series D financing round of behind-the-meter battery startup Stem Inc. Germany's Sonnen GmbH, raised $71 million in a financing round led by Shell Ventures. Massachusetts-based materials technology company Ionic Materials raised $65 million and Durapower raises $40 million while thermal energy storage provider Ice Energy also raised $40 million.

The number of battery storage-related M&A transactions in the six months was eight, only one of which was with a disclosed value. This compares to two such deals in the first half of 2017, according to the Mercon report. (Source: Mercom Capital Group Contact: Mercom Capital Group, (512) 215-4452, info@mercomcapital.com, www.mercomcapital.com

More Low-Carbon Energy News Mercom Capital Group,  Battery,  Energy Storage ,  


Battery Storage, Energy Efficiency Companies Raise $1Bn January - June, 2017 (Ind. Report)
Mercom Capital Group
Date: 2017-07-26
The global clean energy communications and consulting firm Mercom Capital Group reports that global battery storage, smart grid, and energy efficiency companies raised more than $1 billion in venture capital (VC) funding during the January-June period of this year. In the corresponding period of 2016, $ 807 million was raised.

In January-June 2017, smart grid companies raised $304 million while VC funding into energy efficiency technology companies totaled $242 million in 20 deals. On a quarter on quarter basis, VC funding for battery storage companies jumped to $422 million in 10 deals in April-June this year compared to $58 million in eight deals in January-March 2017. VC funding into energy efficiency technology companies fell significantly to $29 million in Q2 2017 compared to the $213 million in in Q1 2017, the report said. (Source: Mercom Capital Group, PTI, Financial Express, Others, 25 Jan., 2017) Contact: Mercon Capital Group, (512) 215-4452, info@mercomcapital.com, www.mercomcapital.com

More Low-Carbon Energy News Mercom Capital Group,  Energy Efficiency,  Battery,  Energy Storage,  SmartGrid,  


Mercon Capital Tracks 2016 Energy Efficiency VC Funding (Funding)
Mercom Capital Group
Date: 2017-01-27
Austin, texas-headquartered Mercom Capital Group LLC, a global clean energy research and communications firm, reports the release of its report on funding, mergers and acquisitions (M&A) activity for the Smart Grid, Battery Storage and Energy Efficiency sectors for 2016.

In the energy efficiency sector, the report found that VC funding fell sharply, bringing in $528 million in 33 deals compared to $852 million in 67 deals in 2015. Total corporate funding, including debt and public market financing, was $3.8 billion, compared to $2 billion in 2015.

The top VC funded companies were Ygrene Energy Fund, which raised $95 million, followed by Renew Financial with $70 million, ecobee with $35 million, and UrbanVolt brought in $32.9 million.

Efficiency Finance companies captured the most funding with $256 million in 7 deals. A total of 72 investors participated in funding deals compared to 129 investors in 2015.

Energy Efficiency companies raised nearly $3.2 billion in debt and public market financing. Financing in Energy Efficiency is also moving toward project funding. Property Assessed Clean Energy (PACE) financing totaled $2.3 billion in 12 deals in 2016 compared to $1.1 billion in seven deals in 2015. (Source: Mercom Capital Group, Jan., 2017) Contact: Mercon Capital Group, (512) 215-4452, info@mercomcapital.com,

More Low-Carbon Energy News Mercom Capital Group,  Energy Efficiency ,  

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