Corporate funding in Solar falls 76% in H1 2020
A report by Mercom Capital Group indicates that corporate funding in India’s solar sector has fallen 76% to USD 462 million from USD 1900 million in the same period last year. Venture capital, public market funding and debt financing are included under corporate funding.
Meanwhile, global corporate funding in the solar sector has fallen 25% to USD 4.5 billion from USD 6 billion in the same period last year.
This financing data reflects the reality on the ground where the pandemic has had far reaching effects on global supply chains and economies.
Operation of Electricity Futures permitted in India
The Govt. has permitted the opening of the derivatives market for electricity, which would allow both power generators and consumers to enter into futures contracts and mitigate price volatility and associated risks. An order to this effect has understood to have been issued by the Ministry of Power.
Date of initiation is only likely to be arrived at after August 28 when the Supreme Court is to hear the matter. The Securities and Exchange Board of India (SEBI) is expected to oversee the functioning of financially traded electricity forwards and futures contracts while the Central Electricity Regulatory Commission (CERC) is expected to regulate the delivery of the contracts.