Tracxn’s Solar Energy Landscape report covers manufacturers of solar wafers and solar modules, solar based heating, charging and lighting solutions, and other services related to the generation of solar power.

2. Solar Energy Report – September 2016
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3. Solar Energy Report – September 20163
Contents
Topic Page No.
Scope of Report 04
Entrepreneur Activity 06
Investment Trend 08
Who is Investing 16
Exit Outlook - IPO, Acquisitions 20
Sub Sector Analysis 23
Interesting Companies 41
Useful Links 45
Company List 47
Team 236

4. Solar Energy Report – September 20164
Sector Overview
Scope of report
This report covers companies that manufactures or supplies products across the entire Solar Industry value chain and offers services
related to the generation of solar power. It excludes solar consultancy companies and companies which offer solar services like site
survey, energy audit etc. and also excludes organization and labs which are purely research oriented. This report is focused on those
companies which are involved right since the beginning of the value chain, who manufacture solar wafers and ingots, right till them who
manufacture solar modules. Post this it covers those companies which provide solar solutions using these panels or thermal solutions
and also them who provide them on lease or any other innovative financing model. We have additionally included those companies
which manufacture solar based heating, charging and lighting solutions.
The scope of this report includes equity as well as debt funding received by the companies.
Business Model Description
Hardware Developer
Companies manufacturing or developing hardware which help in either generating power or other Balance of
System components
Independent Power
Producer
Companies which own power plants and generate power to be sold to either a Utility or a Commercial, Industrial
or Residential customer
Project Developers
Companies involved in providing Solar Plant Installation and Operation & Maintenance services, or both. Services
are provided for Utility scale as well as distributed power plants
Solar-as-a-service Offers solar services like installation, financing and customer acquisition
Solar Products
Companies developing various products which use solar energy to provide lighting, heating/cooling or charging
solutions to the end user
Project Financing Offers financing needed for solar projects
Software Solutions
Companies developing online/offline applications and software which assists in monitoring, analytic and project
development purpose

5. Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
5

6. Solar Energy Report – September 2016
102
82 76
88
277
183
19
0
60
120
180
240
300
2010 2011 2012 2013 2014 2015 2016
NumberofCompanies
6
YoY – Number of companies founded
Sunnova ReNew Power Ventures Soleq Nippon Renewable Energy TerraForm Power NexWafe Edisun
KDC Solar Mosaic World Panel CaptureSolar Energy Brite Energy REhnu Evergen

7. Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
7

8. Solar Energy Report – September 20168
YoY – Number of Rounds and Total Funding
Note: The funding includes debt rounds also.
$3.7B
$2.2B
$4.5B
$3.3B
$2.0B
$3.3B
$4.6B
$6.3B
$5.0B
122
96
119
147
126
148
176
218
139
0
50
100
150
200
250
0.0
1.4
2.8
4.2
5.6
7.0
2008 2009 2010 2011 2012 2013 2014 2015 2016
NumberofRounds
FundingAmount(inBillions)
Funding Amount Number of Rounds

9. Solar Energy Report – September 20169
YoY – Number of Rounds by Stage

10. Solar Energy Report – September 201610
YoY – Funding by Stage

11. Solar Energy Report – September 201611
Average Ticket Size – Early Stage

12. Solar Energy Report – September 201612
Top investments in last one year

13. Solar Energy Report – September 201613
Top investments in last one year

14. Solar Energy Report – September 201614
Funnel view of Sector

15. Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
15

16. Solar Energy Report – September 201616
Most Active Investors in Sector
39
29
23
19
17
16 16
14 14
13
0
9
18
27
36
45
DOE NEA DFJ KPCB NGEN Partners IFC RockPort
Capital
Applied
Materials
Khosla
Ventures
DBL
Partners
TotalNumberofRounds
SunPower Suniva SolarCity MiaSolé SolFocus Canadian Solar Solyndra SunEdison Stion SolarCity
Solyndra SolFocus
BrightSource
Energy
BeamReach Solar Solaria
NSL Renewable
Power
Enphase Energy Enphase Energy Infinia BrightSource Energy

17. Solar Energy Report – September 201617
Where are Top Investors investing

18. Solar Energy Report – September 201618
Top Investor by Stage of Entry

19. Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
19

20. Solar Energy Report – September 201620
Top IPOs in last three years
IPO Date Company Overview
Funding
Amount
Aug-2015 sunrun.com
Sunrun
(San Francisco, 2007)
Solar services for residents
Accel Partners, Sequoia Capital, Foundation Capital, Millennium Technology Value Partners, U.S. Bank,
Investec, Idinvest Partners, Pacific Gas and Electric
$296.98M
Jul-2015 nanoflexpower.com
NanoFlex Power
(Scottsdale, 1994)
Develops solar organic solar PV
$3.42M
Mar-2015 solaredge.com
SolarEdge
(Hod HaSharon, 2006)
Solar Photovoltaic Power Electronics
Lightspeed Venture Partners, Vertex Ventures Israel, Opus Capital, Norwest Venture Partners, Genesis
Partners, GE, Walden International, Orr Partners, Jerusalem Global Ventures, GE Energy Financial Services,
Vertex Ventures
$96.8M
Nov-2014 skysolarholdings.com
Sky Solar Holdings
(Hong Kong, 2009)
Independent Power Producer
Sino-Century China Private Equity Partners, LLC
Jul-2014 terraform.com
TerraForm Power
(Beltsville, 2014)
Owns and operates clean energy assets
$415M
Oct-2013 abengoa.com
Abengoa
(Seville, 1941)
Horizontally integrated company in energy and water and waste management segment.
Sep-2013 patternenergy.com
Pattern Energy Group
(San Francisco, 2013)
Pattern is an independent power company listed on the NASDAQ (PEGI) and TSX (PEG) that owns &
operates wind & solar power projects around the world.
Dec-2012 solarcity.com
SolarCity
(San Mateo, 2006)
Solar Panel Installation and Financing
Google, Capital One, Bank of America, Deutsche Bank, Mayfield, Credit Suisse, Draper Fisher Jurvetson,
Citigroup, Silicon Valley Bank, DFJ Growth, Silver Lake, Generation Investment Management, KeyBank,
TrueBridge Capital Partners
$1.26B

21. Solar Energy Report – September 201621
Major Acquisitions in last one year

22. Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
22

23. Solar Energy Report – September 201623
September 2016Tracxn BlueBox: Solar Energy
1450+ companies in the sector, 393 funded in last 5 years, $11.2B invested in 2015/2016 (YTD)

24. Solar Energy Report – September 201624
Top Business Models by Funding
$12.7B
$5.5B
$3.7B
$1.5B
$445M $124M $92M
0.0
2.8
5.6
8.4
11.2
14.0
Hardware Developer Independent Power
Producer
Solar-as-a-service Project Developers Solar Products Project Financing Software Solutions
TotalFundingAmount(inBillions)
# Cos. 456 186 126 355 178 30 76
Avg. Age 2004.5 2008 2011.7 2010 2010 2012.7 2011
SunPower ReNew Power Ventures SolarCity Solairedirect Konarka Technologies Clean Power Finance Fat Spaniel King Solarman
Solyndra NRG Energy Sunnova Brite Energy FTL Solar SolarBao Powerhive That's Solar

25. Solar Energy Report – September 201625
Hardware Developer – Business Model
Description

26. Solar Energy Report – September 201626
Hardware Developer – Entrepreneur Activity and
Investment Trend

27. Solar Energy Report – September 201627
Hardware Developer – Most Funded Companies

28. Solar Energy Report – September 201628
Independent Power Producer – Business Model
Description

29. Solar Energy Report – September 201629
Independent Power Producer – Entrepreneur
Activity and Investment Trend

30. Solar Energy Report – September 201630
Independent Power Producer – Most Funded
Companies

31. Solar Energy Report – September 201631
Solar-as-a-service – Business Model Description

32. Solar Energy Report – September 201632
Solar-as-a-service – Entrepreneur Activity and
Investment Trend

33. Solar Energy Report – September 201633
Solar-as-a-service – Most Funded Companies

34. Solar Energy Report – September 201634
Project Developers – Business Model Description

35. Solar Energy Report – September 201635
Project Developers – Entrepreneur Activity and
Investment Trend

36. Solar Energy Report – September 201636
Project Developers – Most Funded Companies

37. Solar Energy Report – September 201637
Solar Products – Business Model Description

38. Solar Energy Report – September 201638
Solar Products – Entrepreneur Activity and
Investment Trend

39. Solar Energy Report – September 201639
Solar Products – Most Funded Companies

40. Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
40

41. Solar Energy Report – September 201641
Interesting Early Stage Companies
Company Overview Business Model
Total
Funding
zoltenergy.co
Zolt Energy
(2014, Secunderabad)
Evaluates the site and installs solar panels Project Developers > EPC >
Distributed
Powerhive
(2011, Berkeley)
Asset Intelligence for microgrids
Caterpillar, Prelude Ventures, Tao Capital Partners, piinvest.com
Software Solutions > Energy
Management > Integrated
$20M
Bigbelly Solar
(2003, Newton)
Smart waste monitoring
Solar Products > Others $4.3M
Evergen
(2016, Sydney)
Solar based home energy management system
AMP Capital, CSIRO
Software Solutions > Energy
Management > Monitoring
$3.7M
Fenix International
(2009, San Francisco)
Makes plug-and-play smart batteries
GSMA, Team AlphaMundi, ENGIE, GVEP International, Juvo Capital, Orange
Fab, Orange, Schneider Electric, Inc.
Hardware Developer >
Balance of Systems > Power
Electronics
$12.6M
Curated list of companies by the sector analyst are defined as Interesting

42. Solar Energy Report – September 201642
Interesting Late Stage Companies

43. Solar Energy Report – September 201643
Top Funded Deadpooled Companies

44. Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
44

45. Solar Energy Report – September 201645
Useful Links
Slide Title Content Platform Link
List of All Companies in readable format Companies Link
Top investments in last one year Investment Trend Link
Top IPOs in last three years Exit Outlook - IPO Link
Major Acquisitions in last one year Exit Outlook - Acquisitions Link
Hardware Developer – Most Funded Companies Sub Sector Understand Link
Independent Power Producer – Most Funded companies Sub Sector Understand Link
Project Developers – Most Funded Companies Sub Sector Understand Link
Solar-as-a-service – Most Funded Companies Sub Sector Understand Link
Solar Products – Most Funded companies Sub Sector Understand Link
Project Financing – Most Funded companies Sub Sector Understand Link
Software Solutions – Most Funded companies Sub Sector Understand Link
Top Funded Deadpooled Companies Companies Link

46. Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
46

47. Solar Energy Report – September 201647
Solar Energy – Company List
Hardware
Developer
Independent Power
Producer
Project
Developers
Project
Financing
Retail
Software
Solutions
Solar
Products
Solar-as-a-service
694 FUNDED COMPANIES AND 753 UNFUNDED COMPANIES
COVERS THE FOLLOWING SECTORS

48. Solar Energy Report – September 201648
Hardware Developer (1/59)
Company Overview Business Model Total Funding
GT Advanced Technologies
(1994, Merrimack)
Manufactures equipment for solar, LED, and consumer electronics.
Angeleno Group, MerchantBanc Growth Partners
Balance of Systems > Other
Equipments
$83.6M
NEXTracker
(2013, Fremont)
Manufacturer PV trackers
Sigma Partners, Double Bottom Line Investors, SJF Ventures, Overture
Advisors, Tennenbaum Capital Partners, Presidio Partners, DBL Partners
Balance of Systems > Other
Equipments
$42.62M
Mainstream Energy
(2005, San Luis Obispo)
Solar Investment Group
REC Solar
Balance of Systems > Other
Equipments
$40M
GT Solar
(1994, Merrimack)
Solar Panel Production
Oaktree Capital
Balance of Systems > Other
Equipments
$40M
Exosun
(2007, Martillac)
Manufactures solar trackers
Omnes Capital, Grand Sud Ouest Capital
Balance of Systems > Other
Equipments
$13M
Confluence Solar
(2006, Hazelwood)
Offers single crystal subtrates for solar
Convexa, Scatec, Oceanshore Ventures
Balance of Systems > Other
Equipments
$12.7M
Sunlink
(2004, San Rafael)
Offers solar mounting system
Silicon Valley Bank, Angeleno Group, Clean Pacific Ventures, Summit
Capital, Columbia Pacific Advisors, Streamlined Ventures, Murano
Group
Balance of Systems > Other
Equipments
$12.47M
Zep Solar
(2009, San Rafael)
Offers integrated PV mounting systems
Costella Kirsch, Aquillian Investments, Ecosystem Integrity
Balance of Systems > Other
Equipments
$10.6M
Go to BM List >>
Independent Power
Producer

49. Solar Energy Report – September 201649
Hardware Developer (2/59)
Company Overview Business Model Total Funding
BT Imaging
(2007, Surry Hills)
Inspection Tools for PV manufacturing
Applied Materials, Allen and Buckeridge, Uniseed, Partners for Growth
Balance of Systems > Other
Equipments
$6.66M
Pegasus Solar
(2012, Richardson)
Rail-less solar mounting structures
Okapi Venture Capital
Balance of Systems > Other
Equipments
$2.66M
Eternal Sun
(2011, Delft)
Solar module testing equipment supplier
Vermec
Balance of Systems > Other
Equipments
$2.49M
PlasmaSi
(2009, Fremont)
Solar equipment manufacturing
Balance of Systems > Other
Equipments
$1.6M
Midisolaire
(2008, Beauzelle)
Makes PV installation equipments
XAnge
Balance of Systems > Other
Equipments
$1.5M
PanelClaw
(2007, North Andover)
Makes mounting systems for flat roof and ground mount applications.
Balance of Systems > Other
Equipments
$1.33M
PV Evolution Labs
(2009, Berkeley)
Solar panel testing platform
Abundance Partners
Balance of Systems > Other
Equipments
$1.2M
Ecolibrium Solar
(2010, Athens)
Makes solar mounting structures
Queen City Angels, East Central Ohio Tech Angel Funds, Rev1 Ventures
Balance of Systems > Other
Equipments
$1M
Go to BM List >>
Independent Power
Producer

50. Solar Energy Report – September 201650
Hardware Developer (3/59)
Company Overview Business Model Total Funding
Nines Photovoltaic
(2010, Dublin)
Equipment manufacturer for PV industry.
Enterprise Ireland, Kernel Capital, Kernel Capital
Balance of Systems > Other
Equipments
$373k
Hadrian
(2010, Northumberland)
Solar PV trackers and wind turbines
Northstar Ventures
Balance of Systems > Other
Equipments
$145k
TGI Solar Group
(2006, Freehold Borough)
Equipment for manufacturing solar thin films
Primesolar
Balance of Systems > Other
Equipments
Kipp & Zonen
(1830, Delft)
Solar radiation monitoring system
Balance of Systems > Other
Equipments
Clenergy
(2007, Clayton North)
Manufacturer of solar mounting structure
FUHO Capital Management
Balance of Systems > Other
Equipments
Sulas Industries
(2011, Silverthorne)
Develops sun trackers which are powered by the sun
Balance of Systems > Other
Equipments
Tera Semicon
(2002, Suwon-si)
Offers manufacturing equipment for solar cells and semiconductor
KTB Ventures, Samsung Venture Investment
Balance of Systems > Other
Equipments
Midsummer
(2004, Stockholm)
Offers manufacturing machinery and manufactures CIGS
Balance of Systems > Other
Equipments
Go to BM List >>
Independent Power
Producer

51. Solar Energy Report – September 201651
Hardware Developer (4/59)
Go to BM List >>
Independent Power
Producer

52. Solar Energy Report – September 201652
Hardware Developer (5/59)
Go to BM List >>
Independent Power
Producer

53. Solar Energy Report – September 201653
Hardware Developer (6/59)
Go to BM List >>
Independent Power
Producer

54. Solar Energy Report – September 201654
Hardware Developer (7/59)
Go to BM List >>
Independent Power
Producer

55. Solar Energy Report – September 201655
Hardware Developer (8/59)
Go to BM List >>
Independent Power
Producer

56. Solar Energy Report – September 201656
Hardware Developer (9/59)
Go to BM List >>
Independent Power
Producer

57. Solar Energy Report – September 201657
Hardware Developer (10/59)
Go to BM List >>
Independent Power
Producer

58. Solar Energy Report – September 201658
Hardware Developer (11/59)
Go to BM List >>
Independent Power
Producer

59. Solar Energy Report – September 201659
Hardware Developer (12/59)
Go to BM List >>
Independent Power
Producer

60. Solar Energy Report – September 201660
Hardware Developer (13/59)
Go to BM List >>
Independent Power
Producer

61. Solar Energy Report – September 201661
Hardware Developer (14/59)
Go to BM List >>
Independent Power
Producer

62. Solar Energy Report – September 201662
Hardware Developer (15/59)
Go to BM List >>
Independent Power
Producer

63. Solar Energy Report – September 201663
Hardware Developer (16/59)
Go to BM List >>
Independent Power
Producer

64. Solar Energy Report – September 201664
Hardware Developer (17/59)
Go to BM List >>
Independent Power
Producer

65. Solar Energy Report – September 201665
Hardware Developer (18/59)
Go to BM List >>
Independent Power
Producer

66. Solar Energy Report – September 201666
Hardware Developer (19/59)
Go to BM List >>
Independent Power
Producer

67. Solar Energy Report – September 201667
Hardware Developer (20/59)
Go to BM List >>
Independent Power
Producer

68. Solar Energy Report – September 201668
Hardware Developer (21/59)
Go to BM List >>
Independent Power
Producer

69. Solar Energy Report – September 201669
Hardware Developer (22/59)
Go to BM List >>
Independent Power
Producer

70. Solar Energy Report – September 201670
Hardware Developer (23/59)
Go to BM List >>
Independent Power
Producer

71. Solar Energy Report – September 201671
Hardware Developer (24/59)
Go to BM List >>
Independent Power
Producer

72. Solar Energy Report – September 201672
Hardware Developer (25/59)
Go to BM List >>
Independent Power
Producer

73. Solar Energy Report – September 201673
Hardware Developer (26/59)
Go to BM List >>
Independent Power
Producer

74. Solar Energy Report – September 201674
Hardware Developer (27/59)
Go to BM List >>
Independent Power
Producer

75. Solar Energy Report – September 201675
Hardware Developer (28/59)
Go to BM List >>
Independent Power
Producer

76. Solar Energy Report – September 201676
Hardware Developer (29/59)
Go to BM List >>
Independent Power
Producer

77. Solar Energy Report – September 201677
Hardware Developer (30/59)
Go to BM List >>
Independent Power
Producer

78. Solar Energy Report – September 201678
Hardware Developer (31/59)
Go to BM List >>
Independent Power
Producer

79. Solar Energy Report – September 201679
Hardware Developer (32/59)
Go to BM List >>
Independent Power
Producer

80. Solar Energy Report – September 201680
Hardware Developer (33/59)
Go to BM List >>
Independent Power
Producer

81. Solar Energy Report – September 201681
Hardware Developer (34/59)
Go to BM List >>
Independent Power
Producer

82. Solar Energy Report – September 201682
Hardware Developer (35/59)
Go to BM List >>
Independent Power
Producer

83. Solar Energy Report – September 201683
Hardware Developer (36/59)
Go to BM List >>
Independent Power
Producer

84. Solar Energy Report – September 201684
Hardware Developer (37/59)
Go to BM List >>
Independent Power
Producer

85. Solar Energy Report – September 201685
Hardware Developer (38/59)
Go to BM List >>
Independent Power
Producer

86. Solar Energy Report – September 201686
Hardware Developer (39/59)
Go to BM List >>
Independent Power
Producer

87. Solar Energy Report – September 201687
Hardware Developer (40/59)
Go to BM List >>
Independent Power
Producer

88. Solar Energy Report – September 201688
Hardware Developer (41/59)
Go to BM List >>
Independent Power
Producer

89. Solar Energy Report – September 201689
Hardware Developer (42/59)
Go to BM List >>
Independent Power
Producer

90. Solar Energy Report – September 201690
Hardware Developer (43/59)
Go to BM List >>
Independent Power
Producer

91. Solar Energy Report – September 201691
Hardware Developer (44/59)
Go to BM List >>
Independent Power
Producer

92. Solar Energy Report – September 201692
Hardware Developer (45/59)
Go to BM List >>
Independent Power
Producer

93. Solar Energy Report – September 201693
Hardware Developer (46/59)
Go to BM List >>
Independent Power
Producer

94. Solar Energy Report – September 201694
Hardware Developer (47/59)
Go to BM List >>
Independent Power
Producer

95. Solar Energy Report – September 201695
Hardware Developer (48/59)
Go to BM List >>
Independent Power
Producer

96. Solar Energy Report – September 201696
Hardware Developer (49/59)
Go to BM List >>
Independent Power
Producer

97. Solar Energy Report – September 201697
Hardware Developer (50/59)
Go to BM List >>
Independent Power
Producer

98. Solar Energy Report – September 201698
Hardware Developer (51/59)
Go to BM List >>
Independent Power
Producer

99. Solar Energy Report – September 201699
Hardware Developer (52/59)
Go to BM List >>
Independent Power
Producer

100. Solar Energy Report – September 2016100
Hardware Developer (53/59)
Go to BM List >>
Independent Power
Producer

101. Solar Energy Report – September 2016101
Hardware Developer (54/59)
Go to BM List >>
Independent Power
Producer

102. Solar Energy Report – September 2016102
Hardware Developer (55/59)
Go to BM List >>
Independent Power
Producer

103. Solar Energy Report – September 2016103
Hardware Developer (56/59)
Go to BM List >>
Independent Power
Producer

104. Solar Energy Report – September 2016104
Hardware Developer (57/59)
Go to BM List >>
Independent Power
Producer

105. Solar Energy Report – September 2016105
Hardware Developer (58/59)
Go to BM List >>
Independent Power
Producer

106. Solar Energy Report – September 2016106
Hardware Developer (59/59)
Go to BM List >>
Independent Power
Producer

107. Solar Energy Report – September 2016107
Independent Power Producer (1/24)
Hardware
Developer
<< Go to BM List >> Project Developers

108. Solar Energy Report – September 2016108
Independent Power Producer (2/24)
Hardware
Developer
<< Go to BM List >> Project Developers

109. Solar Energy Report – September 2016109
Independent Power Producer (3/24)
Hardware
Developer
<< Go to BM List >> Project Developers

110. Solar Energy Report – September 2016110
Independent Power Producer (4/24)
Hardware
Developer
<< Go to BM List >> Project Developers

111. Solar Energy Report – September 2016111
Independent Power Producer (5/24)
Hardware
Developer
<< Go to BM List >> Project Developers

112. Solar Energy Report – September 2016112
Independent Power Producer (6/24)
Hardware
Developer
<< Go to BM List >> Project Developers

113. Solar Energy Report – September 2016113
Independent Power Producer (7/24)
Hardware
Developer
<< Go to BM List >> Project Developers

114. Solar Energy Report – September 2016114
Independent Power Producer (8/24)
Hardware
Developer
<< Go to BM List >> Project Developers

115. Solar Energy Report – September 2016115
Independent Power Producer (9/24)
Hardware
Developer
<< Go to BM List >> Project Developers

116. Solar Energy Report – September 2016116
Independent Power Producer (10/24)
Hardware
Developer
<< Go to BM List >> Project Developers

117. Solar Energy Report – September 2016117
Independent Power Producer (11/24)
Hardware
Developer
<< Go to BM List >> Project Developers

118. Solar Energy Report – September 2016118
Independent Power Producer (12/24)
Hardware
Developer
<< Go to BM List >> Project Developers

119. Solar Energy Report – September 2016119
Independent Power Producer (13/24)
Hardware
Developer
<< Go to BM List >> Project Developers

120. Solar Energy Report – September 2016120
Independent Power Producer (14/24)
Hardware
Developer
<< Go to BM List >> Project Developers

121. Solar Energy Report – September 2016121
Independent Power Producer (15/24)
Hardware
Developer
<< Go to BM List >> Project Developers

122. Solar Energy Report – September 2016122
Independent Power Producer (16/24)
Hardware
Developer
<< Go to BM List >> Project Developers

123. Solar Energy Report – September 2016123
Independent Power Producer (17/24)
Hardware
Developer
<< Go to BM List >> Project Developers

124. Solar Energy Report – September 2016124
Independent Power Producer (18/24)
Hardware
Developer
<< Go to BM List >> Project Developers

125. Solar Energy Report – September 2016125
Independent Power Producer (19/24)
Hardware
Developer
<< Go to BM List >> Project Developers

126. Solar Energy Report – September 2016126
Independent Power Producer (20/24)
Hardware
Developer
<< Go to BM List >> Project Developers

127. Solar Energy Report – September 2016127
Independent Power Producer (21/24)
Hardware
Developer
<< Go to BM List >> Project Developers

128. Solar Energy Report – September 2016128
Independent Power Producer (22/24)
Hardware
Developer
<< Go to BM List >> Project Developers

129. Solar Energy Report – September 2016129
Independent Power Producer (23/24)
Hardware
Developer
<< Go to BM List >> Project Developers

130. Solar Energy Report – September 2016130
Independent Power Producer (24/24)
Hardware
Developer
<< Go to BM List >> Project Developers

131. Solar Energy Report – September 2016131
Project Developers (1/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

132. Solar Energy Report – September 2016132
Project Developers (2/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

133. Solar Energy Report – September 2016133
Project Developers (3/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

134. Solar Energy Report – September 2016134
Project Developers (4/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

135. Solar Energy Report – September 2016135
Project Developers (5/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

136. Solar Energy Report – September 2016136
Project Developers (6/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

137. Solar Energy Report – September 2016137
Project Developers (7/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

138. Solar Energy Report – September 2016138
Project Developers (8/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

139. Solar Energy Report – September 2016139
Project Developers (9/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

140. Solar Energy Report – September 2016140
Project Developers (10/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

141. Solar Energy Report – September 2016141
Project Developers (11/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

142. Solar Energy Report – September 2016142
Project Developers (12/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

143. Solar Energy Report – September 2016143
Project Developers (13/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

144. Solar Energy Report – September 2016144
Project Developers (14/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

145. Solar Energy Report – September 2016145
Project Developers (15/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

146. Solar Energy Report – September 2016146
Project Developers (16/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

147. Solar Energy Report – September 2016147
Project Developers (17/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

148. Solar Energy Report – September 2016148
Project Developers (18/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

149. Solar Energy Report – September 2016149
Project Developers (19/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

150. Solar Energy Report – September 2016150
Project Developers (20/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

151. Solar Energy Report – September 2016151
Project Developers (21/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

152. Solar Energy Report – September 2016152
Project Developers (22/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

153. Solar Energy Report – September 2016153
Project Developers (23/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

154. Solar Energy Report – September 2016154
Project Developers (24/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

155. Solar Energy Report – September 2016155
Project Developers (25/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

156. Solar Energy Report – September 2016156
Project Developers (26/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

157. Solar Energy Report – September 2016157
Project Developers (27/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

158. Solar Energy Report – September 2016158
Project Developers (28/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

159. Solar Energy Report – September 2016159
Project Developers (29/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

160. Solar Energy Report – September 2016160
Project Developers (30/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

161. Solar Energy Report – September 2016161
Project Developers (31/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

162. Solar Energy Report – September 2016162
Project Developers (32/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

163. Solar Energy Report – September 2016163
Project Developers (33/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

164. Solar Energy Report – September 2016164
Project Developers (34/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

165. Solar Energy Report – September 2016165
Project Developers (35/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

166. Solar Energy Report – September 2016166
Project Developers (36/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

167. Solar Energy Report – September 2016167
Project Developers (37/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

168. Solar Energy Report – September 2016168
Project Developers (38/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

169. Solar Energy Report – September 2016169
Project Developers (39/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

170. Solar Energy Report – September 2016170
Project Developers (40/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

171. Solar Energy Report – September 2016171
Project Developers (41/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

172. Solar Energy Report – September 2016172
Project Developers (42/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

173. Solar Energy Report – September 2016173
Project Developers (43/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

174. Solar Energy Report – September 2016174
Project Developers (44/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

175. Solar Energy Report – September 2016175
Project Developers (45/45)
Independent
Power Producer
<< Go to BM List >> Project Financing

176. Solar Energy Report – September 2016176
Project Financing (1/4)
Project
Developers
<< Go to BM List >> Retail

177. Solar Energy Report – September 2016177
Project Financing (2/4)
Project
Developers
<< Go to BM List >> Retail

178. Solar Energy Report – September 2016178
Project Financing (3/4)
Project
Developers
<< Go to BM List >> Retail

179. Solar Energy Report – September 2016179
Project Financing (4/4)
Project
Developers
<< Go to BM List >> Retail

180. Solar Energy Report – September 2016180
Retail (1/5)
Project
Financing
<< Go to BM List >> Software Solutions

181. Solar Energy Report – September 2016181
Retail (2/5)
Project
Financing
<< Go to BM List >> Software Solutions

182. Solar Energy Report – September 2016182
Retail (3/5)
Project
Financing
<< Go to BM List >> Software Solutions

183. Solar Energy Report – September 2016183
Retail (4/5)
Project
Financing
<< Go to BM List >> Software Solutions

184. Solar Energy Report – September 2016184
Retail (5/5)
Project
Financing
<< Go to BM List >> Software Solutions

185. Solar Energy Report – September 2016185
Software Solutions (1/10)
Retail << Go to BM List >> Solar Products

186. Solar Energy Report – September 2016186
Software Solutions (2/10)
Retail << Go to BM List >> Solar Products

187. Solar Energy Report – September 2016187
Software Solutions (3/10)
Retail << Go to BM List >> Solar Products

188. Solar Energy Report – September 2016188
Software Solutions (4/10)
Retail << Go to BM List >> Solar Products

189. Solar Energy Report – September 2016189
Software Solutions (5/10)
Retail << Go to BM List >> Solar Products

190. Solar Energy Report – September 2016190
Software Solutions (6/10)
Retail << Go to BM List >> Solar Products

191. Solar Energy Report – September 2016191
Software Solutions (7/10)
Retail << Go to BM List >> Solar Products

192. Solar Energy Report – September 2016192
Software Solutions (8/10)
Retail << Go to BM List >> Solar Products

193. Solar Energy Report – September 2016193
Software Solutions (9/10)
Retail << Go to BM List >> Solar Products

194. Solar Energy Report – September 2016194
Software Solutions (10/10)
Retail << Go to BM List >> Solar Products

195. Solar Energy Report – September 2016195
Solar Products (1/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

196. Solar Energy Report – September 2016196
Solar Products (2/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

197. Solar Energy Report – September 2016197
Solar Products (3/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

198. Solar Energy Report – September 2016198
Solar Products (4/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

199. Solar Energy Report – September 2016199
Solar Products (5/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

200. Solar Energy Report – September 2016200
Solar Products (6/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

201. Solar Energy Report – September 2016201
Solar Products (7/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

202. Solar Energy Report – September 2016202
Solar Products (8/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

203. Solar Energy Report – September 2016203
Solar Products (9/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

204. Solar Energy Report – September 2016204
Solar Products (10/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

205. Solar Energy Report – September 2016205
Solar Products (11/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

206. Solar Energy Report – September 2016206
Solar Products (12/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

207. Solar Energy Report – September 2016207
Solar Products (13/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

208. Solar Energy Report – September 2016208
Solar Products (14/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

209. Solar Energy Report – September 2016209
Solar Products (15/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

210. Solar Energy Report – September 2016210
Solar Products (16/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

211. Solar Energy Report – September 2016211
Solar Products (17/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

212. Solar Energy Report – September 2016212
Solar Products (18/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

213. Solar Energy Report – September 2016213
Solar Products (19/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

214. Solar Energy Report – September 2016214
Solar Products (20/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

215. Solar Energy Report – September 2016215
Solar Products (21/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

216. Solar Energy Report – September 2016216
Solar Products (22/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

217. Solar Energy Report – September 2016217
Solar Products (23/23)
Software
Solutions
<< Go to BM List >> Solar-as-a-service

218. Solar Energy Report – September 2016218
Solar-as-a-service (1/17)
Solar Products << Go to BM List

219. Solar Energy Report – September 2016219
Solar-as-a-service (2/17)
Solar Products << Go to BM List

220. Solar Energy Report – September 2016220
Solar-as-a-service (3/17)
Solar Products << Go to BM List

221. Solar Energy Report – September 2016221
Solar-as-a-service (4/17)
Solar Products << Go to BM List

222. Solar Energy Report – September 2016222
Solar-as-a-service (5/17)
Solar Products << Go to BM List

223. Solar Energy Report – September 2016223
Solar-as-a-service (6/17)
Solar Products << Go to BM List

224. Solar Energy Report – September 2016224
Solar-as-a-service (7/17)
Solar Products << Go to BM List

225. Solar Energy Report – September 2016225
Solar-as-a-service (8/17)
Solar Products << Go to BM List

226. Solar Energy Report – September 2016226
Solar-as-a-service (9/17)
Solar Products << Go to BM List

227. Solar Energy Report – September 2016227
Solar-as-a-service (10/17)
Solar Products << Go to BM List

228. Solar Energy Report – September 2016228
Solar-as-a-service (11/17)
Solar Products << Go to BM List

229. Solar Energy Report – September 2016229
Solar-as-a-service (12/17)
Solar Products << Go to BM List

230. Solar Energy Report – September 2016230
Solar-as-a-service (13/17)
Solar Products << Go to BM List

231. Solar Energy Report – September 2016231
Solar-as-a-service (14/17)
Solar Products << Go to BM List

232. Solar Energy Report – September 2016232
Solar-as-a-service (15/17)
Solar Products << Go to BM List

233. Solar Energy Report – September 2016233
Solar-as-a-service (16/17)
Solar Products << Go to BM List

234. Solar Energy Report – September 2016234
Solar-as-a-service (17/17)
Solar Products << Go to BM List

235. Solar Energy Report – September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
235

236. Solar Energy Report – September 2016236
Team
236
Pratik Kundu
Senior Analyst, Energy
Abhyudai Gupta
Lead Analyst, Energy