Polaris solar PV net news: Mercom Capital said in a newly published an analytical report found India Solar project falling lending rates, making low price solar project more feasible.
The company expects the 2016 Q4, India domestic solar project financing average interest rate is lower than 11%, down more than 11.5% over the last year, which made less than 5 India rupees (US $0.073) project viable.
Mercom said India non-capitalization process to public utilities and banking has brought additional funding, which is perhaps one reason for the relatively low interest rates. Also, due to the falling prices of components and systems, internal rate of return (IRR) is beginning to improve, builders ‘ expectations rose to 13-20%, whereas banks are conservative estimates for 11-19%
India’s solar industry continues to grow rapidly, Mercom estimated to be 2016 installation 4.2 GW, and this year will amount to 9 GW. Investment in this area is booming, 2016 Q4 investment of US $736 million, as well as a India Solar developers listed (IPO).
Original title: India Solar loan interest rates continue to decline