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Bloomberg New Energy Finance

Asset Finance

Siobhan Wagner, 18 Dec 14
Modi effect galvanises solar power in India, as global asset finance sags.

India emerged as one of the fastest growing markets for util-ity-scale solar projects in the third quarter of 2014, as the global renewable energy asset finance total slipped back from Q2 levels. India’s solar sector is experiencing a rebound in finance for new utility-scale projects – as last quarter saw the most investment in a three-month period since 2011.

Bloomberg New Energy Finance identified 16 deals aimed at financing new Indian solar farms over July, August and September. These transactions had a combined value of USD 1.05 billion. By comparison, over the entirety of last year, total investment in additional, utility-scale solar power capacity in India was USD 1.08 billion. The record for quarterly investment was set in Q3 2011, when solar asset finance deals in India totalled USD 1.85 billion.

This is an abridged version of the article – the full text is available in new energy issue 06/2014

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