Solar Energy Financing Companies In India

However the major hurdle till date is the smooth financing of the projects in this field.

Solar energy financing companies in india. Amplus energy solutions private ltd. As of august 2019 india has issued us 8 6 billion worth of bonds 80 percent of which were used to finance renewable energy projects in the country. As people realise the benefits of solar energy or power the demand for the same has increased. Rooftop solar projects are of three types grid tied hybrid and off grid.

Talking specifically about india the jawaharlal nehru national solar mission jnnsm under the ministry of new and renewable sources of energy targets creating a solar capacity of 100gw by 2022 of which 40gw will principally comprise of rooftop. Infrastructure finance company pfs has joined hands with the us india clean energy finance to leverage funds for solar projects in india. We encourage all indians to go solar with easy financing facility. Steer through the list of leading 6 solar energy companies in india.

Till few years back investments in solar were giving abysmally low returns as compared to traditional forms of energy and less compared to other forms of renewable energy like wind. To promote convenient adoption and use of solar energy public sector banks private banks have been given statutory instruction by ministry of finance to offer loan at reasonable cost. Amplus owns and manages a portfolio of operational and under construction plants of approx. It is an innovative facility which presents pfs with an opportunity to finance and deploy high impact development projects which can contribute in achieving india s distributed energy target of 40 gw by 2022 pfs managing director and ceo pawan.

The growth of solar power suppliers is a good enough estimation for the same. Loom solar strong hold area residential rooftop loom solar is a growing solar company with a huge online presence. Given below is a list of the top solar energy companies in india that offer world class products and services. There are many channels to financing renewable energy projects.

From the above analysis it is evident that by the help of various national and international financing agents india is marching ahead in solar energy mission. 37 challenges to renewable energy financing in india. Amplus energy solutions is a leader in providing distributed solar and energy solutions to industrial and commercial customers in india. Banks and institutions that support renewable energy financing in india latest news for energy efficiency solar wind biomass power biofuels waste to energy take help from renewable energy experts eai consulting services for.

India has augmented its solar power generation capacity by nearly 5 times from 2 650 mw on 26 may 2014 to 12 288 83 mw on 31 march 2017. Kotak urja pvt ltd. It is headquartered in faridabad haryana.