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British food retailer Iceland continues to take the lead on sustainability issues.

It announced this week that it will become the first UK supermarket to support government plans to introduce a plastic bottle deposit scheme.

At the same time, it has become one of the first companies to use new plastic-free labelling on its own brand packaging.

The label was officially launched by the charity A Plastic Planet, and is designed to raise awareness on plastic waste. Iceland has already made the commitment to replacing plastic on all its own packaging by 2023. Dutch supermarket Ekoplaza is also using the ‘trust mark’ following its move to introduce plastic-free aisles in its stores earlier this year.

“With the grocery retail sector accounting for more than 40 per cent of plastic packaging in the UK, it’s high time that Britain’s supermarkets came together to take a lead on this issue,” said Richard Walker, Iceland’s Managing Director.

The deposit return scheme will be trialled after Iceland undertook extensive consultations with suppliers as to its implications.

The vending machines repay customers a 10p voucher for any Iceland plastic bottle returned. It is hoped the trial will lead to a better understanding of consumer behaviour and appetite for the scheme ahead of a wider government roll-out.

“The vocal support Iceland has received since announcing our intention to eradicate plastic packaging has shown us that there is a huge public will to tackle the scourge of plastics,” Walker added.

Environment Secretary Michael Gove MP, applauded Iceland for “leading the way” with the trial scheme.

“It is absolutely vital we act now to curb the millions of plastic bottles a day that go unrecycled. Support from businesses will be a vital part of ensuring we leave our environment in a better state than we found it,” he added.

Iceland has separately made the decision to remove palm oil from its own products citing the “environmental devastation” caused by the industry.

Sixty investors have urged the oil and gas sector to do more on climate change and “take responsibility” for its carbon emissions.

In a letter to the Financial Times, the group of companies, including Aberdeen Standard Investments, BNP Paribas Asset Management and HSBC said the industry should be more transparent about how it intends to support a low-carbon future.

“The case for action on climate change is clear…we strongly encourage all companies in the sector to clarify how they see their future in a low-carbon world.”

The letter goes on to suggest oil and gas companies need to make “concrete commitments” to substantially reduce their carbon emissions and explain how their investments are compatible with combating climate change.

The intervention from the group, which collectively manage over $10.4 trillion of assets, comes ahead of a series of annual general meetings in the oil and gas sector.

Royal Dutch Shell will be asked by shareholders at their own meeting next week to adopt a resolution to set strong carbon targets in line with the Paris climate agreement.

While the letter does not expressly support this motion, their intervention should serve as a wake-up call to the industry to take climate seriously.

So far, the sector has taken some steps towards addressing the issue, but much stronger action is needed; oil and gas products contribute an estimated 50 percent of all global emissions.

The letter was signed by big players in asset management, such as Amundi, Fidelity International and Legal & General Investment Management. Large pension funds and civil society were also represented, including Rabobank and the Central Finance Board of the Methodist Church.

“Investors are embracing their responsibility for supporting the Paris agreement. It is time for the entire oil and gas industry to do the same.”

At a meeting in Nigeria this week, nine African cities pledged to cut carbon emissions to zero within the next three decades.

The cities include major Africa capitals and urban centres, such as Accra, Cape Town, Lagos, and Johannesburg.

Adjei Sowah, Mayor of Accra, said his city’s citizens are “becoming more aware” of the impacts of climate change.

Despite all countries in Africa having signed the Paris climate agreement, progress has been slow in making the transition to a low-carbon economy. Much of the world’s future population growth is estimated to take place on the continent, making climate action an even greater priority.

“We cannot ignore the implications of what will befall us if we do not act now… Part of the actions we need, is the creation of a vision that embodies our passion to plan and implement initiatives that mitigate the negative effects or aids us to be able to adapt to the impacts,” he added.

The other cities making the commitment at the meeting were Durban, Tshwane, Dar es Salaam, Dakar, and Addis Ababa.

According to the non-profit C40, which organised the event, Nairobi and Abidjan have also signed up and will submit their action plans soon.

The organisation has agreed to support the cities on their low-carbon journey through the development of evidence-based climate plans which are in line with the goals of the Paris deal.

“Cities in Africa are of the fastest growing anywhere in the world,” said Anne Hidalgo, Mayor of Paris & Chair of C40. “The commitment of these nine mayors to bold climate leadership will deliver a sustainable future for these dynamic, and outward looking cities. It once again proves that cities are getting the job done and concretely delivering on the Paris Agreement to secure a bright future for all our citizens.”

One of the largest studies of its kind has found significant benefits to keeping global temperatures to 1.5C over 2C.

A team of researchers from The University of East Anglia (UEA) and James Cook University analysed 115,000 species, including 71,000 plants and 31,000 insects.

They measured the risks to biodiversity by mapping out the number of species which are projected to lose more than half their geographic range as a result of climate change. Higher temperatures lead to greater habitat loss and the prospect of entire species being lost.

The Paris Agreement bound all 197 countries to limiting global temperatures to well below 2C with an ambition to reach 1.5C.

However, current commitments to reduce emissions from member states which signed the accord will push the world to 3C. At this point the researchers found that up to 50 percent of insects could loss half their range.

Keeping temperatures to 2C still meant insects would lose 18 percent of the insects studies would lose their range.

This could have serious consequences for all life on Earth as insects are vital to all ecosystems. They pollinate crops, provide food, break down waste and help recycle nutrients.   

All species were found to benefit from lower temperatures, but especially those in Southern Africa, the Amazon, Europe, and Australia.

“We wanted to see how different projected climate futures caused areas to become climatically unsuitable for the species living there,” said lead researcher Professor Rachel Warren at UEA.  

“We found that the three major groups of insects responsible for pollination are particularly sensitive to warming…Other research has already shown that insects are already in decline for other reasons, and this research shows that climate change would really compound the problem.”

A separate study published last month found that limiting temperatures to 1.5C would also prevent mass food shortages around the world.

The need to decarbonise all parts of the economy means leaving no blind spots.

Strides are being made to clean up transport, for example, and the growth in electric vehicles has already surpassed expectations. At least 10 percent of cars are now predicted to be electric within the next eight years.

While this is good news, other carbon-intensive parts of the sector, such as the manufacturing of the cars themselves, seem to have made slow progress.

Mercedes-Benz has decided to make a move to address the issue this week, committing all its German factories to become carbon neutral by 2022. The company currently operates eight car plants in the country, producing hundreds of thousands of vehicles each year. In the future, these plants will have to purchase 100 percent of their electricity needs from renewables.

Markus Schäfer, a Mercedes-Benz board member, told a conference in Stuttgart the news means the company will “completely forego coal-based electricity and obtain our energy from only renewable sources.”

All of its new plants in the rest of Europe are also mandated to be carbon-free with achievements already made in France, Poland and Hungary.

Swedish competitor Volvo also achieved the feat of going carbon neutral at one of its manufacturing plants earlier this year. The milestone was Volvo’s first step towards making its entire global operations carbon neutral by 2025.

“Today, new plants in Europe are already planned with a CO2-neutral energy supply from the start. The decision also fits with our overall strategy. As part of our electric offensive, Mercedes-Benz Cars counts on local emission-free vehicles. With a CO2-neutral energy supply of plants, we are consistently pursuing this approach and are actively driving sustainability in production,” Schäfer added.

In 2017, the company, best known for producing luxury cars, sold a record-breaking 2.4 million vehicles worldwide, with China accounting for 25 percent of new growth.  

New analysis has shown mixed results for the performance of European cities in their efforts to tackle the looming challenge of climate change.

A large research team, including universities in the UK, Netherlands, Italy, and France, collated data on climate plans from 885 cities within the European Union.

The study, which the academics called “the most comprehensive survey to date”, reflects the extent to which Europe has taken climate action seriously.

Across the 28 member states of the EU, 66 percent of large cities have plans to either adapt or mitigate to climate change. This rose to 80 percent for urban areas with a population of over 500,000.

However, the data were skewed towards northern and central Europe with high levels of diversity in ambition. 33 percent of cities have no plans at all to address the issue, including Athens, Salzburg and Palma de Mallorca. In addition, not one city in Bulgaria or Hungary has a standalone plan.

“Our study shows that cities are taking climate change threats seriously, but there is clearly more work to be done. It is a near certainty that if cities do not plan and act now to address climate change, they could find themselves in a far more precarious position in the future,” said lead authors Oliver Heidrich and Diana Reckien.

The best performing countries, in terms of having joined-up plans on the local level, were ones which have initiated climate legislation on the national level. For example, 144 cities showed evidence of having both adaption and mitigation plans, and these were mostly in the UK and France.

“While there is plenty that cities can do, national governments must still take the lead – providing legal and regulatory frameworks and guidance. Our study has demonstrated that this is one of the most effective ways to make sure that cities – and their citizens – are well prepared for the threats and opportunities that climate change will bring,” they added.

Photo Credit: NASA

The National Geographic has launched a major new initiative to accelerate action on plastic waste.

The campaign will be launched across several years and cover both the organisation’s huge media presence and its original non-profit scientific institution.

In what the National Geographic is calling a “comprehensive approach”, it will promote plastic reduction and recycling in its own operations, among its global audience, and with corporate partners.

The new Planet or Plastic? pledge aims to raise awareness and action to “stem the tide of single-use plastic polluting the ocean.”

This means National Geographic will ask its readership and viewers to take up a commitment to reducing single-use plastics, documenting the immense damage it causes to the environment and marine life along the way.

Gary E. Knell, CEO of National Geographic Partners commented: “Each and every day, our explorers, researchers and photographers in the field witness first-hand the devastating impact of single-use plastic on our oceans, and the situation is becoming increasingly dire.”

Drawing on the expertise of the National Geographic Society, it will launch a scientific expedition, starting in 2019, to study how plastics act and flow in river systems. This could help inform action by local and national governments, as well as other non-profit organisations.

It will also take vital steps within its own business to lead by example, starting with the transition to using paper wrapping on subscriber magazines around the world, an initiative that could save an estimated 2.5 million plastic bags every month. Further steps and an action plan will be forthcoming once a full assessment of its total plastic consumption is undertaken.

On the corporate side, it also plans to seek out new partnerships to help advance conservation work, in addition to its existing collaboration with Sky Media.

“Through the Planet or Plastic? initiative, we will share the stories of this growing crisis, work to address it through the latest science and research, and educate audiences around the world about how to eliminate single-use plastics and prevent them from making their way into our oceans,” Knell added.

Jonathan Baillie, the National Geographic Society’s chief scientist said: “A crisis of this enormity requires solutions at scale, and National Geographic is uniquely qualified to amass the best in research, technology, education and storytelling to effect meaningful change.”

Photo Credit: Noel Guevara/National Geographic

Supermarket chain Co-op is launching a new scheme in the UK to reduce food waste by putting an end to last-minute sales.

Instead, food that is within its sell-by date will be offered to local community groups and charities to help people in need.

The scheme will be unrolled throughout the country in 1,500 locations where the food retailer operates. This follows a successful trial scheme in 50 branches which showed the idea was workable.

The new programme, called Co-op Food Share, will be launched by the group’s Chief Executive Steve Murrells at the annual general meeting this week.

Mr Murrells said the supermarket was “calling time on food waste” and will take products off sale earlier so that fresh food could be used by charities.

“We work hard to reduce waste but believe any food that we don’t sell should end up feeding people, wherever possible. We’ve been listening to our charity partners and community groups and they tell us that in order to create healthy and nutritious meals they need access to fresh food. Now we are making that possible.”

Laura Winningham, CEO of food charity City Harvest said: “Creating a flexible system to allow charities access to surplus meat, salads and fruit and vegetables means more good food can help to meet the growing demand out in the community. It’s great to think that organisations like ours, all over the country, will be able to build strong working relationships with their local Co-op stores which will deliver immeasurable amounts of benefit to those most in need.”

The move forms part of Co-op’s work as a signatory to the Courtauld Commitment 2025, which aims to halve food waste by 2030, in line with the UN’s Sustainable Development Goals. Rival supermarket Aldi also made the pledge earlier this year.

Photo Credit: Co-op

New markets in sustainability and clean energy could lead to a worldwide jobs boom, according to the UN’s labour agency.

The urgent need to reduce our dependence on carbon and resource intensive industries will also create more winners than losers: 24 million new green jobs will offset an estimated 6 million job losses.

The International Labour Organization (ILO), which represents workers, governments and employers across 189 member states, produced the analysis into the global transition to sustainable and low-carbon economies.

The agency analysed 163 economic sectors and surveyed multiple states to obtain accurate data into how sustainability could impact working people. They found that most industries are set to benefit and only 14 would suffer more than 10,000 jobs worldwide.

Economies which are heavily dependent on petroleum and other fossil fuels could suffer a more substantial downturn with losses of over 1 million worldwide. However, the growth in renewable energy is more than ready to step in with an estimated 2.5 million new jobs created in the industry, mainly from solar, wind and biomass power.

Combined with new construction jobs in energy efficiency and electric vehicles will create a total of 18 million jobs. In addition, the uptake of circular practices which embrace an economic model based on reuse and recycling could create an extra 6 million positions.

“The findings of our report underline that jobs rely heavily on a healthy environment and the services that it provides. The green economy can enable millions more people to overcome poverty, and deliver improved livelihoods for this and future generations. This is a very positive message of opportunity in a world of complex choices,” ILO Deputy Director-General Deborah Greenfield said at the launch.

One of the other key findings of the report is that 23 countries have already succeeded in growing their economies while reducing carbon emissions at the same time. This decoupling in both production and consumption was prevalent among the world’s largest economies, such as the United States, Great Britain, and Germany.

Source: ILO

The European Investment Bank (EIB) has announced a new agreement to support carbon reduction efforts in China.

The €300 million investment, signed with the Export-Import Bank of China (Eximbank), will be used on a range of climate projects, including sustainable transport, energy efficiency, renewable energy, and water infrastructure.

The initial loan is expected to lead to further investments totalling €1 billion in support of the transition to a low-carbon economy, provided both by the public and private sectors in China.

Beijing, Tianjin and Hebei provinces will benefit the most from the new scheme. Projects will be given most priority where pollution levels are highest and where they are deemed to have the most climate impact, according to the bank.

Jonathan Taylor, EIB Vice President responsible for East Asia, said that “unlocking climate investment will both create highly skilled jobs and reduce pollution.”

“Tackling climate change…is a global challenge and the European Investment Bank, as the EU Bank, is committed to supporting the Paris climate agreement. This new cooperation with Eximbank aims to unlock a total of EUR 1 billion of new climate related investment in China and reflects the shared commitment of China and Europe to reduce energy use, cut emissions and protect the environment.”

While the €300 million was signed with the Chinese Ministry of Finance in late 2017, it is only until now that the Eximbank has joined on as a partner. The state-owned bank will be responsible for managing the lending programme on a local level, bringing in new financing and identifying the most appropriate projects.

The EIB also approved new low-carbon investments within Europe this week. Its board approved €575 million to support sustainable transport, such as low energy lighting for road in Belgium. The bank will also finance €303 million of clean energy plants, including six new biogas projects and a hydropower plant in Tajikistan.

Photo Credit: Land Rover Our Planet

The days of the London smog may be a thing of the past, but the UK’s capital still struggles to provide clean air for its growing population.

The issue has become a significant political issue and official studies have estimated premature deaths caused by toxic pollutants run into the thousands.

As a result, London’s Mayor, Sadiq Khan, has made improving air quality a main pillar of his administration.

Last week, the Mayor unveiled an environment strategy with the aim of transforming the capital into a zero-carbon city by 2050. The plan contained new measures to improve air quality, including creating zero-emission zones and planting thousands of new trees.

Mr Khan’s latest move is to consult on the possibility of banning cars from whole areas of the city to ease the pressure on its choke-filled streets.

Other major capital cities, such as Paris, have also experimented with banning cars in city centres.

“The Mayor already supports a number of car-restricted days for annual events in London, and he has asked City Hall officials to consider additional opportunities for car-free activities as part of his Healthy Streets vision,” his office told the Reuters news agency.

Older diesel vehicles wanting to drive in the city are already subject to an increased ‘Toxicity Charge’ of £10 a day, in addition to the Congestion Charge, which has been in operation since 2003.

“The Mayor is determined to do everything in his power to protect the health of Londoners and prioritise walking, cycling and public transport and reduce Londoners’ dependency on polluting cars,” the spokesperson added.

A recent World Health Organisation report found the city was in breach of guidelines for levels of particulate matter, although other major cities such as Berlin and Los Angeles were higher.

Data drawn from the UK’s electricity grid has highlighted how wind power continues to pass new milestones and break once unthinkable records.

Analysts from Imperial College London crunched the National Grid’s latest numbers and found wind power as the second-highest form of power generation across the first three months of 2018.

Overall, the UK’s 8,886 onshore and offshore turbines produced 18.8 percent of all the country’s electricity, followed by 18.7 percent from nuclear power plants.

The news follows similar data from the previous quarter that showed wind and solar combined overtook nuclear for the first time.

At their peak on 17th March, turbines surpassed 14 gigawatts for the first time, supplying 47.3 percent of all UK electricity, another record.

This occurred during an unusually cold snap in the country, caused by winds from Siberia dubbed ‘The Beast from the East’. Imperial College’s work shows that during the six days when temperatures dipped below zero wind was providing between 12 to 43 percent of electricity demand.

“There has been much debate on whether wind can be relied upon during a cold, calm spell,” reads the report, but that this latest data provides evidence to the contrary. Wind farms during the cold snap operated at a minimum of 4.4 gigawatts, providing much-needed power when the country needed it most.

All renewable technologies provided 26 percent of power, and adding in nuclear meant low-carbon sources reached 49 percent.

The data clearly shows how renewable energy has become part of the energy mainstream, replacing coal plants which are fast coming offline as the UK transitions away from polluting technologies. A recent report from WWF showed the mandated closure of all coal plants by 2025 can be achieved through using more renewable power and energy storage.

Source: Drax/Imperial College London

Standards organizations provide a starting point for understanding human-centric lighting and healthy buildings, but a clear measurement is still needed to impact the industry

A new report from analyzes the role human-centric lighting plays in healthy buildings, discussing challenges around standardization and providing recommendations for stakeholders.

Growing interest in healthy buildings—which focus on occupant well-being, health, and productivity—is paving the way for new opportunities in the commercial lighting industry. Light-emitting diodes (LEDs) and lighting controls are some of the technologies helping to provide actionable data that can influence the relationship between occupants and buildings, in addition to providing cost savings. : However, according to a new report from , technology to measure and help quantify human-centric lighting is underutilized, and no clear standard measurement for human-centric lighting has been agreed upon.

“Human-centric lighting has been a growing buzzword within the lighting industry and is gaining attention by manufacturers, building owners, operators and occupants, and researchers,” says Krystal Maxwell, research analyst with Navigant Research. “But while interest and available products are increasing, there is still a lack of research available on human-centric lighting, how to quantify the benefits of it, and the best way to measure it.”

While standards organizations provide a starting point for understanding human-centric lighting and healthy buildings, lack of agreement on measurement is expected to delay industry progress, according to the report. In the meantime, government organizations can work to make the components of green and healthy buildings the norm, which is expected to be crucial for the long-term success of these types of certifications.

The report, , examines the growing interest in occupant health and well-being, focusing on human-centric lighting and the role it plays in the healthy building. The study discusses the building types that are a key focus for human-centric lighting and lack of agreement on standardization for quantifying how this type of lighting can influence productivity. Recommendations are provided on how stakeholders can help ensure human-centric lighting plays a positive role in healthy buildings. An Executive Summary of the report is available for free download on the .

Contact: Stefanie Bradtner

+49.221.270.70.142

* The information contained in this press release concerning the report, Quantifying and Standardizing the Measurement of Human-Centric 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.

Market players demonstrating safe, effective applications will be key to the evolution of unmanned vehicle regulation and market growth

A new report from examines unmanned vehicle (UV) technology in the areas of agriculture, logistics, asset inspection, emergency management, and insurance, providing insight on the current and future regulatory environment.

More industries are looking to UVs to collect visual information and carry out complex tasks as a safer, cheaper, and more reliable alternative to incumbent solutions. Although the majority of today’s UV use cases are for asset inspection, aerial imaging, and agricultural operations, improving technologies will be revolutionary for newer applications that take advantage of beyond visual line of sight and autonomous operations. : According to a new report from , current regulatory structures limit the ability to test and deploy innovative UV services, but as UV pilot programs establish the safety and reliability of the technology, regulations will likely adapt.

“Regulation has an important role in ensuring safety and protection of the public good as these new technology solutions are trialed and rolled out commercially,” says William Drier, research associate with Navigant Research. “However, varying regulatory structures can also limit what kinds of applications can be deployed, particularly for unmanned aerial vehicles (UAVs).”

To succeed in this market, Navigant Research recommends companies identify a true value proposition over current solutions. Developers should prioritize specialized solutions for automating tasks, and be conscious that demonstrating safety and reliability will be key to the evolution of regulation and market growth, according to the report.

The report, , analyzes the increasing prevalence and advancement of UV technology in agriculture, logistics, asset inspection, emergency management, and insurance, as well as how upcoming changes will affect the growth of the market. The study provides commentary on the current regulatory environment and how Navigant Research envisions the future of these regulations and their impact on the UV market. It also identifies opportunities for stakeholders to focus on and what lies ahead to both be better adapted in the current market environment and facilitate the adoption of commercial UV operations. An Executive Summary of the report is available for free download on the .

Contact: Stefanie Bradtner

+49.221.270.70.142

* The information contained in this press release concerning the report, Capturing New Commercial Opportunities with Unmanned Vehicles, 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.

Turbine manufacturers should continue to sell and invest in data analytics, while big wind plant owners can acquire in-house assets to maximize savings                                           

A new report from examines data collection within the wind power industry as asset owners seek to improve wind plant performance and manage operations and maintenance (O&M) costs.

Today’s wind plant owners face increasing pressure to optimize the performance of their wind projects, foresee impending component failures, and grow O&M savings. An increasingly sophisticated data technology ecosystem of sensors, condition monitoring systems (CMSs), turbine optimization platforms, and predictive analytics (PA) software can provide cost savings and risk management for plants large and small. : According to a new report from , there is considerable room for further deployment of data collection and analysis systems across the market.

“There is a growing addressable market for data collection and analysis platforms in the existing US and broader global wind fleet because not all wind plant owners have maximized the use of such systems,” says Jesse Broehl, senior research analyst with Navigant Research. “Where there is room for more adoption is with advanced pattern recognition (APR) or other statistical modeling methods or platforms to address turbine and site performance optimization.”

For industry players looking to fill gaps in the market or streamline costs, Navigant Research recommends wind turbine manufacturers continue to sell and invest in data analytics. Third-party data analytics vendors should stress their independence and target opportunities at the turbine pre-end-of-warranty stage. Wind plant owners not already doing so should test and evaluate the data analytics offerings and big wind plant owners should consider acquiring in-house assets to maximize savings.

The report, , focuses on data collection within the wind power industry as asset owners seek to improve wind plant performance and manage and minimize O&M costs. The study analyzes the data collection strategies of anonymized wind plant owners surveyed as part of Navigant’s Generation Knowledge Service (GKS) Wind Benchmarking service. The GKS peer group includes 9.3 GW from a variety of turbine models, plant sizes, ages, and O&M contract types. The results show what type of data is collected, how it is usually collected, and where there is room for data analytics growth. It also examines how and when CMS and PA platforms are being deployed in the marketplace for new and operational turbines. Recommendations are provided on how wind turbine OEMs, wind plant owners and other stakeholders should explore the growing addressable market for data collection and analysis platforms. An Executive Summary of the report is available for free download on the .

Contact: Stefanie Bradtner

+49.221.270.70.142

* The information contained in this press release concerning the report, Capturing and Maximizing Wind Power Plant Data, 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.

While today’s plug-in electric vehicle market is concentrated in home charging, energy demand is expected to shift more toward fleet, private, and public charging in the next decade

A new report from examines the global market for plug-in electric vehicle (PEV) charging equipment, providing forecasts for equipment sales, segmented by region, technology, access type, and location type, through 2027.

By the end of 2018, over 5 million PEVs are expected to be on roads globally, and by 2027, that number is expected to increase more than 10 times. A PEV population of this size will require nearly as many charging ports, and these ports will need to be more capable and sophisticated, offering higher power capacities and smarter technology to relay vehicle and charger information. : According to a new report from , annual revenue for sales and installation of electric vehicle supply equipment is expected to grow from $6.5 billion in 2018 to over $36 billion in 2027.

“The focus in the market is on increasing charging speed, with the rollout of ultra-fast chargers just getting underway, however, equally important developments are emerging in vehicle-grid integration and load management technologies,” says Scott Shepard, senior research analyst with Navigant Research. “These technologies seek to further improve the business case for plug-in vehicles through energy cost reduction and increase the number of chargers commercial property owners can add to parking infrastructure without additional investments to expand building electrical infrastructure.”

According to the report, the current PEV market is heavily skewed toward home charging, however, over the next 10 years, PEV energy demand will likely shift more toward fleet, private, and public chargers. The market is also expected to see major investments from automakers, utilities, energy companies, and governments during the next few years, but for the long term, viable business cases will need to be developed for each charging segment.

The report, , analyzes the global market for PEV charging equipment sales across four major use cases: home charging, private charging, fleet charging, and public charging. The study covers the major drivers for the charging market and analyzes the potential uptake of alternating current (AC), direct current (DC), and wireless EV supply equipment. Global market forecasts for charging equipment sales, segmented by region, technology, access type, and location type, extend through 2027. The report also assesses the key emerging market and technology trends and the competitive landscape. An Executive Summary of the report is available for free download on the .

Contact: Stefanie Bradtner

+49.221.270.70.142

* The information contained in this press release concerning the report, EV Charging Equipment Market Overview, 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.

“Solar Solar everywhere” It is the only word that echoes around every nation’s power sector, and the bandwagon for India also remains the same. The government of India has announced the ambitious target of 100 GW power addition through solar power projects, which will further lead to power for all in a sustainable approach in the nation. But the matter of concern is its reliability. Various developed European nations have already implemented the sustainable green energy approach, but they still are facing problems with grid stability, energy storage, and reliable power for all. In order to maintain the grid frequency, huge curtailment of power is done in the countries relying on renewable energy. So let’s see the approach planned by the Indian government for its power sector

As digital transformation proliferates, new solutions offer capabilities beyond energy management

A new report from examines the global intelligent buildings market in the era of digital transformation, providing forecasts, broken out by segment, subsegment, sector, and region, through 2027.

Digital transformation is redefining business processes across industries, including in the intelligent buildings industry, where IT infrastructure, data, and analytics can combine to translate a complete data profile of facilities, systems, and operations into business metrics. Additionally, this foundation can become a platform in the Energy Cloud—a transfer point for data, information, or energy that creates new value and revenue for owners and partners. : According to a new report from , revenue for intelligent building solutions is expected to grow from approximately $15.1 billion in 2018 to $67.5 billion in 2027 at a compound annual growth rate (CAGR) of 18.1 percent.

“The path forward for owners looking to transform their commercial facilities into intelligent building platforms requires a shift in strategy and processes, investment in technologies and services, and an understanding of opportunities that can result from digital transformation,” says Casey Talon, research director with Navigant Research. “There are enormous opportunities for technology and services partners to build business as strategic partners.”

According to the report, today’s customers are looking for solutions that do more than just provide energy management. In response, building energy management systems (BEMSs) that were once the foundation of the market are being rebranded, building management systems (BMSs) that once delivered the technical details of automation and controls are being integrated with greater analytics capabilities and remote accessibility, and the rapid evolution of technology under the umbrella of Internet of Things (IoT) is introducing lower cost alternatives to help engage new customers and deepen the capabilities of existing intelligent building systems.

The report, , analyzes the global intelligent buildings market and explores the evolution of legacy solutions in the era of digital transformation. The study assesses the outlook for enabling hardware, software, and services for intelligent buildings and investigates the levers that will determine winners on the supply side and motivate investment on the demand side. Global market forecasts, broken out by segment, subsegment, sector, and region, extend through 2027. The report also examines the key technologies related to intelligent building solutions, as well as the competitive landscape. An Executive Summary of the report is available for free download on the .

Contact: Stefanie Bradtner

+49.221.270.70.142

* The information contained in this press release concerning the report, Intelligent Buildings Market Overview, 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.

Savings in operations costs and access to previously unavailable energy services is driving market growth across the residential and commercial and industrial sectors

A new report from analyzes the global market for off-grid distributed energy resources (DER) technologies and provides a summary of innovative uses and business models, along with forecasts, through 2027.

Compared to traditional pure diesel generator sets (gensets), off-grid DER solutions are becoming an attractive option to power remote locations or geographic areas without grid access. The market for off-grid DER began developing in the 1990s, and today, declines in the manufacturing costs of solar PV, energy storage systems, and power electronics are encouraging further growth. : According to a new report from , the global market for off-grid DER implementation is expected to total approximately $350 billion between 2018 and 2027, with most deployments taking place in South-Saharan Africa, India, and Southeast Asia.

“While it might seem that the growth of off-grid DER will not have an impact in the developed world, outside of difficult-to-reach locations, the lessons traditional players can learn from their off-grid counterparts are many,” says Roberto Rodriguez Labastida, senior research analyst with Navigant Research. “Off-grid companies have learned to embrace technology, to be nimble, and above all, to bring value by offering products that are a priority for their customers.”

According to the report, in the economics-driven commercial and industrial (C&I) sector, integrated off-grid DER solutions offer significant savings in operations and maintenance costs versus pure fuel-based solutions. In the residential sector, off-grid DER solutions are expected to soar thanks to a significant population lacking access to energy services.

The report, , provides a quantitative analysis of the global market for off-grid DER technologies and a summary of innovative uses and business models. The study focuses on the deployment of integrated DER solutions in the C&I, residential, and personal/untethered segments, including microgrids, pico systems, solar home systems (SHSs), nanogrids, and transport applications. Global market forecasts, segmented by region, application, system type, and segment, extend through 2027. The report also examines the telecommunications, resource extraction, and multi-user off-grid electrification applications for off-grid DER. An Executive Summary of the report is available for free download on the .

Contact: Stefanie Bradtner

+49.221.270.70.142

* The information contained in this press release concerning the report, Off-Grid DER Innovations, 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.

Quantifying the size of the global building stock helps in understanding and combatting a variety of social and environmental issues

A new report from analyzes the global building stock from 2017 to 2026 across eight commercial building types and two residential building types for seven regions worldwide.

As global constructions markets continue to rebound after years of stagnant growth, the world’s building stock is experiencing an upswing. Improvements in economic performance in developed and developing countries, as well reasonable wage growth, low interests rates, and elevated consumer confidence in residential construction markets, are expected to encourage further development. : According to a new report from , the global building stock is expected to grow from 162.8 billion square meters in 2017 to 183.5 billion square meters in 2026.

“Over the past year and a half, both developed and developing economies have enjoyed broad expansion not seen in over a decade,” says Tom Machinchick, principal research analyst with Navigant Research. “Increases in economic activity tend to accompany increases in the building stock as demand for commercial space grows, and rising income enables individuals to opt for larger or more modern living spaces, which will lead to an expanding building stock.”

According to the report, commercial, residential, and industrial buildings are responsible for nearly half of all global energy consumption and greenhouse gas emissions. Humans also spend almost 90 percent of their time indoors, making indoor environments a critical component of health and well-being, productivity, and safety. Quantifying the size of the global building stock can be a fundamental tool for understanding and combatting pressing global issues such as energy consumption, emissions, wealth and poverty rates, climate change, and the impact of urbanization on existing local infrastructure.

The report, , provides data on the size and growth of the global building stock from 2017 to 2026, as well as a qualitative description of key growth drivers and trends. The building stock data covers eight commercial building types (office, retail, education, healthcare, hotels & restaurants, institutional/assembly, warehouse, and transport) and two residential building types (single-family detached and multi-unit residential) for seven regions worldwide. This study is intended to provide a comprehensive picture of the total commercial and residential building stock across the world. An Executive Summary of the report is available for free download on the .

Contact: Stefanie Bradtner

+49.221.270.70.142

* The information contained in this press release concerning the report, Global Building Stock Database, 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 small commercial energy storage segment is expected to experience strong growth in regions where economics and policy provide incentives

A new report from examines the global market for small distributed energy storage systems (SDESSs), providing forecasts segmented by region, technology, and building type, through 2027.

As the market for commercial and industrial behind-the-meter distributed energy storage systems (DESSs) continues to mature, participants are seeing a steady decrease in installed costs, along with a variety of other market drivers. For SDESSs (systems 250 kW or less in size) in particular, savings in the form of tariffs and demand charge reduction, as well as policies favoring energy storage, are pushing the market forward in three main regions. : According to a new report from , North America, Western Europe, and Asia Pacific are expected to account for almost 90 percent of cumulative SDESS capacity between 2018 and 2027.

“The benefits of an onsite energy storage system are often lost on small commercial customers, and educating these customers to deploy SDESSs can be a challenging endeavor,” says William Tokash, senior research analyst with Navigant Research. “But vendors are using creative financing mechanisms such as equipment leases and revenue sharing models, coupled with local incentives, to make storage a more realistic option in the small commercial segment.”

During the next decade, energy storage prices are expected to continue a steady decline, while retail electricity rates and supplemental charges are projected to increase and become more common. Combined, these forces are expected to drive large growth in the SDESS market for the next 10 years, however, deployments are still likely to be confined to specific markets where economics and policy are favorable.

The report, , analyzes the global market for SDESSs that are 250 kW or less in size. The study provides an overview of the market developments, drivers, and barriers that are likely to influence the growth of SDESSs. Global market forecasts, segmented by region, technology, and building type, extend through 2027. The report also examines the regional policy trends and business models related to the small commercial energy storage space. An Executive Summary of the report is available for free download on the .

Contact: Stefanie Bradtner

+49.221.270.70.142

* The information contained in this press release concerning the report, Market Data: Small Commercial Energy Storage, 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.

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 first quarter of 2018.

To get a copy of the report, visit: http://bit.ly/MercomSGQ12018

Battery Storage

Corporate funding in Battery Storage came to $299 million in 12 deals compared to $154 million in six deals in Q4 2017. In a year-over-year (YoY) comparison, $80 million was raised in 10 deals in Q1 2017. 

Venture capital (VC) funding (including private equity and corporate venture capital) raised by Battery Storage companies in Q1 2018 jumped to $299 million in 12 deals from $151 million in five deals in Q4 2017 due to some large deals in the quarter. Year-over-year, funding was significantly higher compared to the $58 million raised in eight deals in Q1 2017. 

The top five VC funded Battery Storage companies this quarter were: Stem, which raised $80 million from Activate Capital; Ionic Materials secured $65 million from Dyson, Samsung, A123, Hitachi, Renualt, Nissan, and Mitsubishi; Durapower secured an investment of $40.18 million from Banpu Infinergy Company and K-IX Ace; Battery Energy Storage Solutions (BESS) received ~$38.5 million in funding from Santander Corporate & Commercial; and $34 million was raised by Solid Energy.

Fifteen investors participated in Battery Storage funding this quarter with Energy Storage Systems companies raising the most. 

There were four M&A transactions involving Battery Storage companies in Q1 2018 and the financial details of the transactions were not disclosed. In Q4 2017 and Q1 2017, there was one M&A transaction each that did not disclose a transaction amount. 

Smart Grid

Corporate funding in Smart Grid came to $1.3 billion in nine deals compared to $796 million in 12 deals in Q4 2017. In a YoY comparison, $164 million was raised in 14 deals in Q1 2017. 

VC funding for Smart Grid companies increased 79 percent in Q1 2018 with $75 million in seven deals compared to $42 million in nine deals in Q4 2017. In a YoY comparison, in Q1 2017 $164 million was raised in 14 deals. 

The top VC funded Smart Grid companies included: Bidgely, which secured $27 million from Georgian Partners, Khosla Ventures, E.ON, innogy, and Constellation Technology Ventures; Husk Power Systems received an equity investment of $20 million from Shell Technology Ventures, Swedfund International, and ENGIE Rassembleurs d’Energies; and Mnubo raised $16.5 million from HSB Group. 

Fifteen investors participated in Smart Grid VC funding rounds this quarter with SG Communications companies raising the most. 

A combined $1.3 billion was raised in two debt financing deals in Q1 2018, compared to $754 million raised in three deals in Q4 2017. 

One M&A transaction was announced in Q1 2018 and it did not disclose a transaction amount, compared to eight transactions (two disclosed) in Q4 2017. In a YoY comparison, there were seven M&A transactions in Q1 2017. 

Efficiency

Corporate funding in Energy Efficiency came to $104 million in five deals compared to $916 million in 14 deals in Q4 2017. In a YoY comparison, $514 million was raised in 17 deals in Q1 2017. 

VC funding raised by Energy Efficiency companies in Q1 2018 remained steady at $98 million in four deals compared to $95 million in 10 deals in Q4 2017. In a YoY comparison, $213 million was raised in 14 deals in Q1 2017. 

The Top Efficiency deals included: $61 million raised by ecobee from Energy Impact Partners and eight institutional investors including Thomvest, Relay Ventures, and the Amazon Alexa Fund; the $27 million raised by Carbon Lighthouse from GRC SinoGreen Fund, JCI Ventures, SV Tech Ventures, EBay founder Pierre Omidyar’s Ulupono Initiative, Ekistic Ventures, Tom Steyer’s Radicle Impact Partners, former General Motors Vice Chairman Steve Girsky, and Tesla Chief Technology Officer Jeffrey B. Straubel; and the $10 million received by Petros PACE Finance from former Major League Baseball player Alex Rodriguez and his investment firm A-ROD.

Fifteen investors participated in VC funding this quarter. Within the sector, Temperature Control companies brought in the most funding. 

Debt and public market financing for Efficiency companies fell to $6 million in one deal this quarter compared to $621 million in three deals in Q4 2017. 

In Q1 2018, there was one M&A transaction (transaction details not disclosed) while in Q4 2017, there were three M&A transactions (all undisclosed). In Q1 2017, there were four M&A transactions in the Energy Efficiency sector, two of which disclosed transaction details. 

To get a copy of the report, visit: http://bit.ly/MercomSGQ12018

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/

# # #

>> VILLAGE OF MINSTER, OHIO, UNITED STATES 

Using project financing as a yardstick, solar PV continues to lead non-hydro clean energy investment in the region given the abundance of solar resources, its increasing cost-competitiveness and its developing market.

"With Recent Advancements In Energy Storage Technology, How Will Indian Solar Sector Shape Up?"

Pg18 Perspective Sujoy Ghosh Country Head First Solar India

Mr.Sujoy Ghosh, Country Head, First Solar, India

2017 is shaping up to be a record year for solar PV installations worldwide as well as in India. We have also witnessed sub 2cents/kwhr tariffs in auctions in Saudi Arabia and Mexico for projects that are expected to be commissioned over the next 24-30 months, thereby creating a further compression in the overall value chain that needs to be met by equipment suppliers, financing agencies and the service providers (engineering, procurement and O&M).  Hence the companies that continue to focus on reducing costs, increasing scale and lowering their cost of capital/cost of doing business would be able to sustain through these times. Specifically on the PV module technology, the focus would remain on lowering of cost of production by either optimizing manufacturing processes, and/ or leveraging economies of scale. Also with the transition to more installations between the two tropics, there would be equal focus on long term reliability under harsher climates (hot and humid) and quality and consistency of processes would be under increased scrutiny from the end users. 1500V inverters would probably increase their market share as plant owners try to exploit every ounce of optimization feasible in order to achieve lower LCOE’s, while the scale of the blocks increase due to average increase in project capacities. 2018 would also see a an increased focus on hybridization of PV systems with storage or other forms of generation as grid capacity congestion issues begin to start becoming noticeable with the growth in both solar and wind in the recent past.

Pg18 George John mytrah

Mr. George John,Head -Mytrah Global Services,Mytrah Energy

Reverse bidding has become a norm in the renewable energy sector. The low tariffs especially pertaining to Solar sector can be attributed to the decreasing cost of solar modules due to advancement in technology. However, it is noteworthy that even today, most of our capacity comes
from Chinese manufacturers. The heavy emphasis by the government on ‘Make In India’ initiative is expected to drive the domestic manufacturers into building capacities to compete with the Chinese manufacturers. This would increase the self-reliance of the Solar sector by reducing dependencies.Intermittence in energy supply has been an age-old characteristic of renewable energy sector. Although Solar provides a more predictive forecast based on seasonality and time of the day, the power generation remains intermittent. The increasing global awareness on Battery storage and the technological innovations in this sector is bound to impact the Solar sector in the coming year. A successful breakthrough in terms of balancing the capacities and cost will make Solar sector more profitable in future. With Global companies such as Tesla overlooking Battery Storage innovations,this future might not be too far away.From an investment standpoint, Rooftop Solar has gained momentum and this trend is expected to continue into 2018. Rooftop Solar has seen investment from small scale investors as well, since it provides energy security coupled with government incentives.Another interesting trend we expect to see in Solar sector, especially in the near future, is the rise of smart grid solutions and Hybrid models using both wind and solar power generation. The increasing use of digitalization has already reached the Solar sector and we expect to see increased efficiencies because of this.In conclusion, 2018 will be an interesting year for Solar sector from supply chain point of view as well the enhanced efficiencies.

Pg17 Perspective SIndicatum

Mr. Devin Narang Country Head-India Sindicatum Renewable Energy Company.

Globally, India has probably the most robust policies in place for all forms of Renewable energy. What can be expected in 2018 borrows heavily from the initiatives the Government has in store for the sector. Specific targets and a well-defined roadmap to achieving them are encouraging. Addition of power generation capacity – especially through solar parks; building of domestic manufacturing capacities; refinements in Solar Policy (for utility scale & rooftop systems) and Bid Document – in particular, with regard to applicable duties and taxes; resolution of State-specific project development bottlenecks; and enhanced bankability of projects -  these are some initiatives in the offing by the Government. Technology, on the other hand has also grown steadily, reflecting in increased component efficiencies at competitive prices. However, with regard to PV modules, prices are expected to pick up from the lows seen hitherto while stabilizing at the optimum. Although the Indian market is nascent when it comes to Storage, it would be interesting to see how solar projects combined with storage sustain in the long run. Finally, two (interconnected) aspects that need concerted initiative from different stakeholders are: creation of energy demand and ensured energy offtake. Schemes such as ‘Deen Dayal Upadhyaya Gram Jyoti Yojana’ (DDUGJY) and ‘Ujwal Discom Assurance Yojana’ (UDAY) have been important enabling factors from a macro perspective. Such developments have spurred growth in the sector – which stands at 15GW plus installed capacity on date. The achievement of 100GW of solar isn’t far.

Deployment of utility-scale Renewable Energy, particularly Wind and Solar Power, has progressed rapidly over the last few years despite recent challenges.

ukjk
 
Mr. Vivek Mishra Executive Director Meghraj Capital Advisors Private Limited
 
I foresee Solar attracting maximum investment in the next five years. Solar is the thrust area for GOI for achieving RE targets. The Ecosystem required for its growth has been put in place. The project risks and their mitigation strategies are known.  Solar because of viable tariffs and matured technology has attracted the interest of investors.  
 
The Government of India has set a renewable energy target of 175 GW to be achieved by 2022 of which solar will contribute 100 MW. India’s RE capacity at the end of FY17 was about 57 GW with wind contributing more than half of it, but Solar is gaining ground steadily. If the RE target has to be achieved, the current RE capacity has to triple in the remaining five years. As expected, major capacity contribution has to come from Solar (both IPP and rooftop), where the capacity has to increase at least nine times. In order to facilitate this, Government has put in place conducive policies & programmes (Eg. Solar Park and JNNSM), introduced infrastructure initiatives such as Green Corridors for evacuation from solar rich regions, created a demand push through increased solar RPO (from 2.5% to 8%) for obligated entities, promotion of solar pumps and other solar products, created capacity through Surya Mitra Program and facilitated development of indigenous manufacturing capability through Make in India and push to solar R&D. Government has exempted solar projects from environmental clearances and has facilitated the acquisition of land through Solar Parks. So far 34 Solar Parks in 21 states with a total capacity of 20,000 MW have received in-principle approval under Phase I of the initiative and under Phase II additional 20,000 MW has been approved.
 
Solar rooftop is attractive for Commercial and Industrial consumers as their retail tariffs are considerably higher than the cost of generation in most of the states. These consumers have added significant capacity under capex model. For residential consumers the payback period is still high; however, in future as retail tariffs increase, the solar rooftop will be an attractive proposition for them as well. 
 
It has been estimated that Solar will require investment of around INR 4800 billion, if it has to achieve the target. Fortunately the ever decreasing generation cost, established technology and growing demand has attracted strategic and financial investors, venture capitalists, private equity and pension funds. This has led to flow of investment and adoption of low cost financial innovations such as green bonds.  The solar industry is expected to mature with consolidation and see emergence of professionally managed relatively firms.
 
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Mr. Rahul Goswami, Managing Director, Greenstone Investment Bank
 
Greenstone expects utility scale solar and wind projects to continue to dominate the renewable energy investment sector in India over the next five years. We believe this will be driven by a number of factors:
 
First, the cost of electricity from solar and wind projects has achieved grid parity and the long-term trend suggests that costs will continue to decline. Consequently, we do expect substantial tenders for additional capacity and for utilities to increase their focus on integration and management. 
 
Second, there is substantial existing capital available to fund projects. Several established platforms have sufficient capital lient the appetite to grow substantially. Additionally, the sector continues to witness increasing interest from international groups. 
 
Third, transmission capacity is sufficient to absorb an additional 10 GW+ of intermittent generation based on feedback from industry consultants. Consequently, assuming the other areas can be appropriately managed (such as land acquisition), we do not see significant near term transmission hurdles for renewable energy. 
 
Ultimately, the utility scale renewable energy markets have matured substantially and our expectation is that robust capacity addition will continue over the next five years. 
 

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

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 first quarter of 2018.

To get a copy of the report, visit: http://bit.ly/MercomSGQ12018

Battery Storage

Corporate funding in Battery Storage came to $299 million in 12 deals compared to $154 million in six deals in Q4 2017. In a year-over-year (YoY) comparison, $80 million was raised in 10 deals in Q1 2017. 

Venture capital (VC) funding (including private equity and corporate venture capital) raised by Battery Storage companies in Q1 2018 jumped to $299 million in 12 deals from $151 million in five deals in Q4 2017 due to some large deals in the quarter. Year-over-year, funding was significantly higher compared to the $58 million raised in eight deals in Q1 2017. 

The top five VC funded Battery Storage companies this quarter were: Stem, which raised $80 million from Activate Capital; Ionic Materials secured $65 million from Dyson, Samsung, A123, Hitachi, Renualt, Nissan, and Mitsubishi; Durapower secured an investment of $40.18 million from Banpu Infinergy Company and K-IX Ace; Battery Energy Storage Solutions (BESS) received ~$38.5 million in funding from Santander Corporate & Commercial; and $34 million was raised by Solid Energy.

Fifteen investors participated in Battery Storage funding this quarter with Energy Storage Systems companies raising the most. 

There were four M&A transactions involving Battery Storage companies in Q1 2018 and the financial details of the transactions were not disclosed. In Q4 2017 and Q1 2017, there was one M&A transaction each that did not disclose a transaction amount. 

Smart Grid

Corporate funding in Smart Grid came to $1.3 billion in nine deals compared to $796 million in 12 deals in Q4 2017. In a YoY comparison, $164 million was raised in 14 deals in Q1 2017. 

VC funding for Smart Grid companies increased 79 percent in Q1 2018 with $75 million in seven deals compared to $42 million in nine deals in Q4 2017. In a YoY comparison, in Q1 2017 $164 million was raised in 14 deals. 

The top VC funded Smart Grid companies included: Bidgely, which secured $27 million from Georgian Partners, Khosla Ventures, E.ON, innogy, and Constellation Technology Ventures; Husk Power Systems received an equity investment of $20 million from Shell Technology Ventures, Swedfund International, and ENGIE Rassembleurs d’Energies; and Mnubo raised $16.5 million from HSB Group. 

Fifteen investors participated in Smart Grid VC funding rounds this quarter with SG Communications companies raising the most. 

A combined $1.3 billion was raised in two debt financing deals in Q1 2018, compared to $754 million raised in three deals in Q4 2017. 

One M&A transaction was announced in Q1 2018 and it did not disclose a transaction amount, compared to eight transactions (two disclosed) in Q4 2017. In a YoY comparison, there were seven M&A transactions in Q1 2017. 

Efficiency

Corporate funding in Energy Efficiency came to $104 million in five deals compared to $916 million in 14 deals in Q4 2017. In a YoY comparison, $514 million was raised in 17 deals in Q1 2017. 

VC funding raised by Energy Efficiency companies in Q1 2018 remained steady at $98 million in four deals compared to $95 million in 10 deals in Q4 2017. In a YoY comparison, $213 million was raised in 14 deals in Q1 2017. 

The Top Efficiency deals included: $61 million raised by ecobee from Energy Impact Partners and eight institutional investors including Thomvest, Relay Ventures, and the Amazon Alexa Fund; the $27 million raised by Carbon Lighthouse from GRC SinoGreen Fund, JCI Ventures, SV Tech Ventures, EBay founder Pierre Omidyar’s Ulupono Initiative, Ekistic Ventures, Tom Steyer’s Radicle Impact Partners, former General Motors Vice Chairman Steve Girsky, and Tesla Chief Technology Officer Jeffrey B. Straubel; and the $10 million received by Petros PACE Finance from former Major League Baseball player Alex Rodriguez and his investment firm A-ROD.

Fifteen investors participated in VC funding this quarter. Within the sector, Temperature Control companies brought in the most funding. 

Debt and public market financing for Efficiency companies fell to $6 million in one deal this quarter compared to $621 million in three deals in Q4 2017. 

In Q1 2018, there was one M&A transaction (transaction details not disclosed) while in Q4 2017, there were three M&A transactions (all undisclosed). In Q1 2017, there were four M&A transactions in the Energy Efficiency sector, two of which disclosed transaction details. 

To get a copy of the report, visit: http://bit.ly/MercomSGQ12018

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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Sector adds record 167 gigawatts (GW) of generating capacity, expands 8.3% in 2017

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 global solar sector in the first quarter of 2018. Total corporate funding (including venture capital funding, public market, and debt financing) into the solar sector in Q1 2018 fell 65 percent quarter-over-quarter (QoQ) to $2 billion from the $5.7 billion raised in Q4 2017. Year-over-year (YoY), Q1 2018 funding was 38 percent lower than the $3.2 billion raised in Q1 2017.

To learn more about the report, visithttp://bit.ly/MercomSolarQ12018

“After a strong fourth quarter in 2017, financial activity slowed again in Q1 2018 to the post-tariff announcement levels of last year as uncertainties and a lack of clarity in the markets took a toll on investments,” commented Raj Prabhu, CEO of Mercom Capital Group. “The bright spot during Q1 was a record-high number of solar project acquisitions, proving that solar power generation is a sought-after asset class.” 

Global VC funding (venture capital, private equity, and corporate venture capital) for the solar sector fell 75 percent QoQ to $161 million in 22 deals compared to the $639 million raised in 30 deals in Q4 2017. The amount raised was also lower YoY compared to the $588 million raised in 23 deals in Q1 2017. 

The majority of the VC funding raised in Q1 2018 went to solar downstream companies with $124.5 million in 18 deals.

The top VC deals in descending order included: $55 million raised by Off Grid Electric, $25 million raised by d.light design, $23 million secured by Solaria Corporation, $12.5 million raised by Renewable Properties, $11 million raised by Kiran Energy Solar, and M-KOPA’s $10 million deal. A total of 30 VC investors participated in solar funding in Q1 2018. 

Solar public market financing came to $103 million in four deals in Q1 2018, a steep decline QoQ from the $657 million raised in 10 deals in Q4 2017. It was also significantly lower YoY than Q1 2017 when $461 million was raised in 13 deals. Sky Energy had the only solar IPO in Q1 2018. 

Announced debt financing totaled $1.8 billion in 17 deals during the first quarter of 2018. In a QoQ comparison, 23 deals were announced in Q4 2017 for a total of $4.4 billion. YoY, $2.2 billion was raised in 25 deals in Q1 2017. Most of the debt raised in Q1 2018 was by solar downstream companies. 

Large-scale project funding announced in Q1 2018 totaled $2.7 billion in 58 deals, down from $3.7 billion in 49 deals announced in Q4 2017. In a YoY comparison, $2.6 billion was raised in 33 deals in Q1 2017.

Just one residential and commercial solar fund was announced in Q1 2018 (for $400 million), compared to $213 million raised in three funds in Q4 2017. During the same quarter of last year (Q1 2017), $630 million was raised in six funds. 

There were 19 solar M&A transactions announced in Q1 2018 compared to 13 transactions in Q4 2017 and 29 transactions in Q1 2017. Of the 19 total transactions in Q1 2018, 10 involved solar downstream companies. 

There were 80 large-scale solar project acquisitions (16 disclosed for $1.9 billion) in Q1 2018 compared to 67 transactions (26 disclosed for $3.7 billion) in Q4 2017. In a YoY comparison, 49 transactions (18 disclosed for $1.9 billion) were announced Q1 2017. About 7.7 GW of large-scale solar projects were acquired in Q1 2018 compared to 5.8 GW acquired in Q4 2017. There were 20 investment firms and funds that acquired 24 projects in Q1 2018, totaling 1.2 GW, followed by utilities and IPPs where 13 companies picked up 30 projects totaling 1.3 GW. Twelve Project developers acquired 14 projects for 3.4 GW during the quarter.

There were 328 companies and investors covered in this report. It is 87 pages in length, and contains 64 charts, graphs and tables.

To learn more about the report, visit: http://bit.ly/MercomSolarQ12018

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 Smart Grid technology. Our reports provide timely information on industry happenings and ahead-of-the-curve analysis for C-level decision makers. Mercom’s communications division helps clean energy companies and financial institutions build powerful relationships with media, analysts, government decision makers, communities, and strategic partners. For more information about Mercom Capital Group, visit: http://www.mercomcapital.com. To receive a copy of Mercom’s popular weekly market intelligence reports, visit: http://eepurl.com/cCZ6nT.

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Battery Storage companies secure $714 million; Smart Grid companies bring in $422 million; and Energy Efficiency companies receive $384 million

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

To get a copy of the report, visit: http://bit.ly/MercomSGQ42017

In 2017, a combined $1.5 billion was raised by Battery Storage, Smart Grid, and Energy Efficiency companies, an increase from the $1.3 billion raised in 2016.

Battery Storage

In 2017, VC funding into Battery Storage companies almost doubled to $714 million raised in 30 deals from the $365 million raised in 38 deals in 2016, largely due to the $400 million Microvast deal. Total corporate funding, including debt and public market financing, rose to $890 million compared to $540 million in 2016. 

Energy Storage Downstream companies received the most funding with $68 million followed by Lithium-based Battery companies with $65 million.

The top VC funded companies included: Microvast Power Systems with $400 million, Battery Energy Storage Solutions (BESS) with $66 million, Forsee Power brought in $65 million, Advanced Microgrid Solutions (AMS) raised $34 million, and Primus Power raised $32 million.

Eighty-six VC investors participated in Battery Storage deals in 2017 compared to 62 in 2016.

In 2017, announced debt and public market financing for Battery Storage companies remained steady at $177 million raised in 12 deals compared to $175 million generated by eight deals in 2016.

Three project funds totaling $446 million were announced in the Battery Storage category in 2017, compared to $820 million raised in 2016 in seven deals.

Nine Battery Storage project funding deals were announced in 2017 totaling nearly $2.1 billion. By comparison, just $33 million was raised in four deals in 2016.

There were six M&A transactions in the Battery Storage category in 2017, of which only two disclosed transaction amounts. In 2016 there were 11 M&A transactions, three of which disclosed transaction amounts.

Smart Grid

VC funding in the Smart Grid sector rose to $422 million in 45 deals in 2017, compared to $389 million raised in 42 deals in 2016. Total corporate funding, including debt and public market financing, came to $1.2 billion compared to $613 million in 2016.

The top VC funded companies in 2017 were ChargePoint, which brought in $82 million and $43 million in two separate deals, Actility which received $75 million, Brilliant which secured $21 million, and Particle and Urjanet each raising $20 million.

Eighty-eight investors funded Smart Grid companies in 2017, compared to 82 in 2016. Top VC investors in 2017 included: ABB Technology Ventures, Braemar Energy Ventures, Chrysalix Venture Capital, Clean Energy Finance Corporation, Energy Impact Partners, EnerTech Capital, GE Ventures, innogy, National Grid, Obvious Ventures, and Siemens.

Smart Charging of plug-in hybrid electric vehicle (PHEV), vehicle-to-grid (V2G) companies, had the largest share of VC funding in 2017 with $155 million in 10 deals, followed by Demand Response companies with $94 million in four deals.

In 2017, five debt and public market financing deals totaling $774 million were announced, compared to $224 million raised in five deals in 2016. There were no IPOs announced for Smart Grid companies in 2017.

There were 27 M&A transactions recorded in the Smart Grid sector (just seven of these deals disclosed transaction amounts) in 2017 totaling $2.5 billion. In 2016 there were 15 transactions (four disclosed) for $2.4 billion. The top disclosed transaction was the $1.1 billion acquisition of Aclara by Hubbell.

Efficiency

VC funding for the Energy Efficiency sector fell to $384 million in 38 deals in 2017 compared to $528 million in 33 deals in 2016. Total corporate funding, including debt and public market financing, was $3.3 billion, compared to $3.8 billion in 2016.

The top VC funded companies were View, which raised $100 million, followed by Kinestral Technologies with $65 million, RENEW Energy Partners with $40 million, Power Survey and Equipment brought in $24 million, and Stack Lighting with $16 million.

Efficient Home/Building companies captured the most funding with $172 million in five deals in 2017. A total of 51 investors participated in funding deals in 2017 compared to 72 investors in 2016. Energy Impact Partners was the most active investor in 2017. 

In 2017, debt and public market financing announced by Energy Efficiency companies fell to $2.9 billion in 16 deals compared to the $3.2 billion raised in 16 deals in 2016. 2017 saw seven Property Accessed Clean Energy (PACE) financing deals bring in more than $1.6 billion compared to 12 deals that brought in $2.3 billion in 2016. 

There were two securitization deals in 2017 for nearly $581 million compared to nine securitization deals for $1.8 billion in 2016. Securitization deals have now exceeded $4.5 billion in 24 deals since 2014. 

M&A activity for the Efficiency sector in 2017 dropped to 10 transactions, three of which disclosed transaction amounts. In 2016, there were 14 M&A transactions with five that disclosed transaction amounts. 

The largest disclosed transaction was the $526 million acquisition of LEDvance by a Chinese consortium consisting of IDG Capital, MLS, and Yiwu. 

To get a copy of the report, visit: http://bit.ly/MercomSGQ42017

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, has released its annual report on funding and merger and acquisition (M&A) activity for the solar sector in 2017. 

Total global corporate funding into the solar sector, including venture capital/private equity (VC), debt financing, and public market financing raised came to $12.8 billion, a 41 percent increase compared to the $9.1 billion raised in 2016.  

To learn more about Mercom’s 2017 Solar Funding and M&A Report, visit: http://bit.ly/MercomSolarQ42017

"A strong fourth quarter pushed overall funding higher in 2017. Higher installation levels around the world, the lack of threat to the solar investment tax credit, lower than expected tariff recommendation by U.S. ITC, strong debt financing activity, and over a billion dollars in securitization deals helped the solar industry have a much better year in terms of financial activity compared to 2016. After several challenging years, most of the solar securities were up in 2017 reflecting overall positive sentiments around the solar industry even as several Chinese manufacturers decided to go private. Of course, all this could change swiftly if President Trump decides to impose higher tariffs in the trade case," commented Raj Prabhu, CEO and Co-Founder of Mercom Capital Group. 

Global VC investments came to $1.6 billion in 99 deals in 2017, up 30 percent from the $1.3 billion raised by 78 deals in 2016 - led by several large private equity deals in India.  

Solar downstream companies accounted for 85 percent of total VC funding in 2017, bringing in $1.4 billion of the total $1.6 billion raised. Thin-film companies brought in $106 million while service providers raised $47 million. 

Investments in PV technology companies came to $40 million and Balance of Systems (BoS) companies raised $36 million. The concentrated solar power (CSP) category raised $8 million and the concentrator photovoltaics (CPV) category received $6 million. 

The top VC/PE deals reported in 2017 included a deal for $200 million signed by Lightsource Renewable Energy. ReNew Power also had two deals of $200 million each, followed by Greenko Energy Holdings which raised $155 million. Hero Future Energies raised $125 million and CleanMax Solar raised $100 million. Overall, five of the top six solar VC funding deals in 2017 came from India.

There were 162 VC/PE investors that participated in funding rounds in 2017, with eight involved in multiple rounds: Engie, Avista Development, DSM Venturing, InnoEnergy, Innogy, International Finance Corporation (IFC), Shell, and Techstars. 

Public market financing was flat in 2017 to $1.7 billion raised in 33 deals from $1.8 billion raised in 27 deals in 2016. Three IPOs were logged during the year that raised a combined total of $363 million for Canadian Solar Infrastructure Fund, New Energy Solar Fund, and Clenergy. 

Announced debt financing in 2017 surged to $9.5 billion compared to $6 billion in 2016. There were six securitization deals in 2017 totaling $1.3 billion. Securitization deals surpassed the $1 billion for the  year, a first. 

Large-scale project funding announced in 2017 reached a $14 billion raised in 167 deals, compared to $9.4 billion raised in 133 deals during 2016. A total of 161 investors funded about 20.5 GW of large-scale solar projects in 2017 compared to 5.9 GW funded by 153 investors in 2016. 

The top investors in large-scale projects included Clean Energy Finance Corporation (CEFC), which invested in 13 projects, followed by Santander with eight deals, and Commonwealth Bank of Australia and Siemens Financial Services with six deals each. 

$2.4 billion was raised by 16 residential and commercial solar project funds in 2017 which was down 50 percent compared to $4.9 billion raised by 30 funds in 2016. The top fundraisers were: Sunlight Financial, Sunnova, Solar Mosaic, SolarCity, and Spruce Finance. Since 2009, solar residential and commercial firms offering leases, PPAs, and loans have raised more than $24.8 billion in lease and loan funds. 

There were 71 corporate M&A transactions in the solar sector in 2017, up slightly from 68 transactions recorded in 2016. Solar downstream companies were involved in 51 of these transactions. Engie acquired three companies while BayWa, Brookfield Asset Management, Horizon Solar Power, Siva Power, Solar Spectrum, and Sonnedix acquired two companies each. The largest and the most notable transaction in 2017 was the $1.6 billion acquisition of FTP Power (sPower) by AES and Alberta Investment Management (AIMCo) from Fir Tree Partners.

Project acquisitions jumped up 67 percent as a record 228 large-scale solar projects with a combined capacity of more than 20.4 GW were acquired in 2017, compared to 2016 when 12.2 GW changed hands in 218 transactions. 

Mercom also tracked 187 large-scale project announcements across the globe that totaled 10.6 GW in Q4 2017 and 922 large-scale project announcements totaling 50.1 GW for all of 2017.

To learn more about Mercom’s 2017 Solar Funding and M&A Report, visit: http://bit.ly/MercomSolarQ42017

 

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 Smart Grid. 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.

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.

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