India's solar industry attracted $2017 billion in investment in 100

In 2017, project transactions in India's solar sector totaled $10 billion, up
from $4 billion in 2016.

India's solar industry attracted $10 billion in investment in 2017

According to Mercom Capital Group, deal amounts include project financing, venture capital, private equity, debt and public market financing
.
Mercom's Q4 2017 and annual Indian Solar Market Update reports show that no corporate M&A transactions were recorded in the industry last year
.

Project financing guaranteed by Solar Energy Corporation of India increased from $3.
5 billion to $6.
4 billion, adding 9.
6 GW of PV capacity last year compared to 4 GW
in 2016.

Overall corporate financing increased to $3.
6 billion, primarily due to a large volume of private equity transactions, representing 28%
of the global total.
More than US$800 million
was raised in venture capital and private equity transactions.

Renewable energy developer and operator ReNew Power Ventures Pte Ltd is a major private equity raiser with two deals amounting to $200 million
each.
A number of other deals valued at more than $100 million were completed
by Greenko Energy, Hero Future Energies and CleanMax Solar.

Annual figures on debt financing released in 2017 also improved, with most of the activity in India's solar sector coming in the form of new bonds
.
Greenko Energy, for example, sold $1.
5 billion in senior notes and bonds
.

"Due to the uncertainty caused by the possible imposition of safeguard duties and anti-dumping duties on solar imports, Mercom expects investment in the Indian solar sector to decline as deployment decreases, which will have a direct negative impact
on investment unless the government moves quickly to address these issues to build confidence in the investment community.
" Mercom CEO Raj Prabhu said
.

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