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To overcome regulatory barriers, utilities must continue to deploy pilot programs demonstrating the benefits of these technologies

A new report from examines the use of drones and robotics for electric transmission and distribution (DRTD) operations, with global market forecasts for revenue, broken out by technology, application segment, and region, through 2026.

Drones and robotics technologies have the potential to revolutionize the way utilities interact with their transmission and distribution (T&D) assets and collect critical data. As pilot programs continue to drive regulatory change, and as emerging technologies advance, Navigant Research forecasts exponential growth in the hardware, software, and services segments of the drones and robotics for transmission and distribution (DRTD) market. : According to a new report from , the total market for all DRTD segments is expected to reach $13.2 billion by 2026.

“Navigant Research has identified three core drivers for change in utility operations: speed, savings, and safety,” says Michael Hartnack, research analyst with Navigant Research. “Robotics technology has the potential to deliver significant gains in all three of these areas, primarily via ground-based, line-suspended, and aerial (drones and unmanned aerial vehicles, or UAVs) innovations.”

According to the report, utilities should continue to deploy pilot programs that demonstrate the benefits of DTRD technology, as every successful pilot program leads to the creation of many more. The prevalence of these programs is expected to help to overcome the regulatory barriers slowing the market and eventually drive significant growth.

The report, , analyzes the drivers, barriers, and regional and global trends affecting the deployment of robotics technology in electric T&D operations. The study outlines the financial, reliability, and efficiency market drivers for robotics technology while highlighting the technical and regulatory challenges that suppress its short-term penetration. Global market forecasts for DRTD revenue, broken out by technology and application segment and region, extend through 2026. The report also examines the key technologies related to robotics in utility operations, as well as the competitive landscape. An Executive Summary of the report is available for free download on the .

Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Drones and Robotics for Transmission and Distribution Operations, 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.

Grid operators are expected to increasingly use demand response for renewables integration as a resource to maintain system balance

A new report from examines the global market for demand response for renewables integration (DRRI), providing an analysis of market issues and forecasts for capacity and revenue, broken out by segment and region, through 2026.

Maintaining the electricity grid’s balance of supply and demand is essential to preserve system reliability. DRRI solutions can help maintain system balance by increasing or decreasing customer loads based on renewables output, while also supplying flexible capacity resources to meet specific renewable balancing needs, like ancillary services. : According to a new report from , global annual revenue for demand response for renewables integration is expected to grow from $132.1 million in 2017 to $1.3 billion in 2026.

“Increasing penetration of intermittent renewable generation on the grid raises the risk of supply-demand imbalance, so grid operators will increasingly turn to DRRI as one resource to maintain system balance,” says Brett Feldman, principal research analyst with Navigant Research. “Based on advancements in demand response technology and utility willingness to try new means of renewable balancing, DRRI is set to become a bigger piece of the flexibility investment picture.”

According to the report, several factors point to an increasing focus on DRRI that addresses both the direct and indirect effects of renewables on the grid and end-use customers. These include an increasing share of renewable energy resources in the energy supply mix, demand response’s ability to serve as an ancillary service, and its ability to leverage dynamic pricing, which addresses the impacts of intermittent renewables through indirect financial incentives to customers.

The report, , examines the global DRRI market, focusing on both C&I and residential market participants. The study provides an analysis of the market issues, including drivers and barriers, associated with DRRI solutions. Global market forecasts for capacity and revenue, broken out by segment and region, extend through 2026. The report also examines the key global trends related to DRRI solutions and provides case studies of DR programs or markets that can help address renewables integration. An Executive Summary of the report is available for free download on the .

 Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Demand Response for Renewables Integration, 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.

Developers face varied challenges in building and managing a rooftop solar asset portfolio and some of the key challenges have been highlighted below.

Supervisory control and data acquisition systems gained popularity in the power sector in the 1990s as means to automate industrial processes.

The prices attained in recent auctions are influenced by several factors

Automaker, utility investment is speeding the creation of DC fast charging networks at all power levels

A new report from examines the state of electric vehicle (EV) direct current (DC) fast charging deployment and key market drivers, providing global forecasts for equipment sales, segmented by power level, through 2026.

DC fast charging has gone from a niche segment of the EV charging market to the segment with a significant degree of investment and momentum behind it. Automakers are making multi-year commitments to roll out fast charging stations that will serve the coming generation of long-range battery EVs (BEVs), while also driving the push toward higher power DC fast charging—from a minimum of 100 kW up to 350 kW. : According to a new report from , global sales of DC fast chargers are expected to grow from 19,000 units to over 70,000 in 2026.

“While automaker and utility investment will speed creation of DC fast charging networks, in the long-term, these stations will have to become self-sustaining,” says Lisa Jerram, principal research analyst with Navigant Research. “This will require maximizing utilization and also creating new revenue opportunities through driver services.”

Several automakers have made the decision to invest in DC fast charging network deployment to support their long-range BEV introductions, according to the report. However, while high power DC charging is considered an important element of making drivers comfortable with purchasing a BEV, these stations are still unlikely to see high utilization in the next few years, leaving the question of a sustainable business model for DC fast charging to be resolved.

The report, , discusses the significant issues in the DC charging market today and the remaining barriers to the long-term success of DC charging networks. The study reviews the state of DC charging standards and the key players in the market. Global forecasts for DC charging equipment sales, segmented by power level, extend through 2026. The report also examines the role of automakers and different business models and use cases. An Executive Summary of the report is available for free download on the .

 Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, DC Fast Charging Equipment for EVs, 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 electric truck sector is likely to benefit from progress in the electric bus sector, which can drive down the cost of key components

A new report from examines the global market for medium and heavy duty trucks across hybrid, electric, and fuel cell powertrains, providing forecasts for annual sales and vehicle population, through 2027.

With the potential to provide lower operational costs, noise reduction, and environmental benefits, electric trucks are attractive to fleets, yet high upfront costs are still prohibitive. Nonetheless, manufacturers continue to work toward commercially viable electric trucks, thanks to mounting pressure from governments to reduce pollutants from diesel fuel combustion and tackle greenhouse gas emissions. : According to a new report from , the overall medium and heavy duty truck market is projected to continue its reliance on conventional diesel powertrain for the next decade, but hybrid and electric powertrains populations will increase, with volumes expected to grow from about 125,500 to 1.66 million from 2017 to 2027.

“We could see a breakthrough in adoption of electrified trucks once total cost of ownership benefits can be clearly demonstrated for fleet operators,” says Lisa Jerram, principal research analyst with Navigant Research. “For the next few years, trials and small-scale deployments by major fleets and manufacturers will help clarify potential cost benefits and could set in motion a significant increase in orders for electrified trucks.”

While the electric truck market has lagged behind the electric bus market, the sector is likely to benefit from its progress as the cost of key components comes down thanks to increasing volumes. Until this occurs, electric trucks deployments are expected to be focused in places where there are incentives or other government programs in place.

The report, , analyzes the global market for medium and heavy duty trucks 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, market drivers, and profiles of over 35 vehicle manufacturers and component suppliers. Global market forecasts for annual sales and vehicle population, broken out by medium and heavy duty vehicle segment, country, and powertrain type, extend through 2027. The Excel databook accompanying this report also includes pivot tables for truck sales and population segmented by country, medium and heavy duty segment, and powertrain type. An Executive Summary of the report is available for free download on the .

 Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Market Data: Electric Drive Trucks, 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 convergence of automated driving, electrification, and connected services provide the potential for enormous societal benefits in the coming decades

A new white paper from examines key trends in personal mobility, outlining related impacts and critical issues, with recommendations for chief stakeholders.

Around the world, major cities are seeking ways to combat the negative effects of local transport on public health, pollution, noise levels, and greenhouse gas (GHG) emissions. Increasingly, cities are considering restricting or banning passenger cars from large areas, as well as a means to reduce traffic congestion and parking demand. : However, according to a new white paper from , three key trends—automated vehicles, cleaner powertrains, and the mobility as a service (MaaS) model—could make personal transportation compatible with cities’ sustainability plans.

“If implemented correctly, the convergence of automated driving, electrification, and connected services provide the potential for enormous societal benefits in the coming decades,” says Sam Abuelsamid, principal research analyst at Navigant Research. “Over time, a city of three million residents could reduce its vehicle population by two-thirds using an automated MaaS model, which presents a shift away from personally owned modes of transportation toward mobility solutions that are consumed as a service. This would also free up nearly 4 square miles of land currently dedicated to parking for more productive uses.”

Highly automated driving is expected to debut by 2020 and start to grow rapidly as soon as 2025, according to the white paper. This technological change will bring about shifts in the economics, convenience, and safety of personal mobility and will drive the move toward on-demand automated vehicle services. Automated on-demand fleets that run on clean powertrains could be competitive with or cheaper than other transportation options available today, driving consumers toward MaaS.

The white paper, , examines the key trends in personal mobility and their major impacts on the environmental footprint of urban mobility, city planning, and transportation planning. Navigant Research developed a potential scenario of the impacts from the high-level adoption of automated vehicles in a model city with 3 million inhabitants, collectively owning 1.5 million cars, to explore and quantify impacts. The white paper further outlines the critical issues related to the mobility service revolution that need to be addressed from the perspective of the chief stakeholder groups and provides a set of recommendations for each group. An Executive Summary of the report is available for free download on the .

Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Redefining Mobility Services in Cities, 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.

Smart home platform adoption is being driven by a variety of stakeholders

A new report from Navigant Research examines the global smart home market, with a focus on residential Internet of Things (IoT) hardware, software, services, and smart home platforms, with market forecasts through 2026.

Residential consumers are becoming increasingly aware of smart home technologies, thanks to the prevalence of platforms like Amazon Echo, Google Home, and Apple HomeKit. Vendors are ramping up investment in the smart home concept and marketing to consumers, as home builders are integrating products into new construction. Click to tweet: According to a new report from @NavigantRSRCH, global smart home platform revenue is expected to increase from $4.2 billion in 2017 to $39.5 billion in 2026.

“The concept of a smart home has the potential to revolutionize the way we interact with our homes and the grid,” says Paige Leuschner, research analyst with Navigant Research. “Homes that act intuitively and intelligently through a comprehensive ecosystem of hardware, software, and services not only enrich consumers’ lives, but also play a role in the transition to the Energy Cloud.”

As a key component of the digital grid and the future of the residential IoT, smart home platform adoption is being driven by tech incumbents, telecommunications providers, security providers, and energy suppliers. According to the report, these stakeholders are using their existing footprint to engage in the smart home market, increasing the number of devices available and creating new applications for data streams.

The report, The Smart Home, analyzes the global smart home market, with a focus on residential IoT hardware, software, and services and smart home platforms. The study provides an analysis of the market issues, including value propositions, market channels, and drivers and barriers, related to the smart home. Global market forecasts, segmented by region, device type, and segment, extend through 2026. The report also examines the key devices and technologies associated with the smart home, as well as the competitive landscape. 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, The Smart Home, 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.

It is common knowledge that Chinese suppliers have been selling modules in India at prices lower than in China and that has, in fact, caused financial injury to manufacturers in India. Therefore, the procedural case for imposing anti-dumping duties is easy to establish.

Maharashtra’s power demand and corresponding solar purchase obligation is almost three times that of Andhra Pradesh but its installed solar capacity is one-third of AP. A relatively small state like Punjab has also managed to add more solar than Maharashtra.

Vestas again led all turbine vendors in terms of order capacity between January and June

A new report from Navigant Research tracks all publicly announced wind turbine orders between January and June 2017, providing details on orders placed by region, country, and vendor, as well as a breakdown of the vendor market of the top countries.

During the last year, several shake ups have rattled the global wind turbine industry, including Nordex’s acquisition of Acciona and the merger of Siemens and Gamesa. Additionally, a change from a feed-in tariff structure to a competitive bidding process in India led to market uncertainty, causing a decrease of almost two gigawatts (GW) in turbine order capacity. Click to tweet: According to a new report from @NavigantRSRCH, global wind turbine orders announced in the first half of 2017 reached 11.6 GW, representing a decline from 14.7 GW of orders in the second half of 2016 and 13.4 GW in the first half of 2016.

“Despite this year’s decrease in order capacity, the average turbine rating continues to grow, with many of the top turbine vendors having weight average ratings near 3 megawatts (MW) or higher. Total wind farm sizes are also increasing” says Adam Wilson, research analyst with Navigant Research.

According to the report, Vestas once again led all turbine vendors during the first half of 2017, with 4.3 GW of turbine orders between January and June 2017.  Regionally, Asia Pacific led wind turbine order capacity with 2.8 MW signed in the first half of the year.

The report, Wind Turbine Order Tracker 4Q17, tracks all publicly announced wind turbine orders between January and June 2017 (1H 2017). The report contains analysis of orders placed by region, country, and vendors, as well as a breakdown of the vendor market of the top countries. Note that this report excludes orders for the Chinese market due to the opaque state of order reporting in that market. Analyses of turbine technologies such as rotor diameter, turbine rating, and specific power are also presented, and the offshore wind market is compared against the onshore wind market. 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, Wind Turbine Order Tracker 4Q17, 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.

Developers face varied challenges in building and managing a rooftop solar asset portfolio and some of the key challenges have been highlighted below.

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.

The prices attained in recent auctions are influenced by several factors

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/.

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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. Awadhesh Jha, Vice President – Charge & Drive & Sustainability, Fortum India Pvt. Ltd. 

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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