In the second quarter of 2021, investment in the Indian solar energy industry increased by 119% month-on-month to more than US$2 billion. However, compared with last year's pandemic, investment has increased by a staggering 2,170%.

The second wave of the Covid-19 pandemic also affected the country's overall investment situation in the second quarter of 2021, but not as bad as last year. Thanks to the promotion of new manufacturing facilities announced this quarter, investment in the solar industry has returned to pre-pandemic levels.

According to the report, investment in the utility-scale solar field in the second quarter of 2021 is approximately US$1 billion, an increase of 17% compared to the first quarter of 2021. At the same time, investment in the roof sector increased by 73% compared to the previous quarter.

There is also investment in the manufacturing industry. After announcing the basic tariffs on imported solar modules and batteries and implementing the approved model and manufacturer list (ALMM) terms of the project, the company expanded its production capacity. Investment in the first half of 2021 has surged to more than US$3 billion, an increase of 210% compared to the same period last year.

For example, Adani Green Energy Limited signed a share purchase agreement to acquire 100% of the shares of SB Energy India from SoftBank Group (80%) and Bharti Group ((20%). This transaction affects SB Energy India’s The company is valued at approximately 3.5 billion US dollars.

ReNew Power received US$585 million from green bonds listed on the Indian International Exchange Global Securities Market in the GIFT International Financial Services Center. These bonds have a maturity period of 7.25 years and are rated BB-by Fitch. The annual interest rate of these products is 4.50%, which is very competitive.

Fourth Partner Energy, a distributed solar energy company, raised US$125 million in equity financing. The Norwegian investment fund Norfund brought in 100 million US dollars of investment, while the existing shareholder Rise Fund invested 25 million US dollars.

CDC Group, a financial development agency owned by the British government, announced an investment of US$33.44 million in Fourth Partner Energy, a distributed solar energy company.