Author: Urvashi Gupta

About Urvashi Gupta

Urvashi Gupta is a research associate at Mercom India Research.
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Solar Tender Activity Down by 65% QoQ in Q2 2024, Auctions Drop 73%

Government-owned renewable energy agencies floated 10.7 GW of tenders in the second quarter (Q2) of 2024, down 65.2% from 30.7 GW in the previous quarter and 21.6% from...

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India’s Wind Energy Installations Fell 32% YoY in Q2 2024

India added 770 MW of wind energy capacity in Q2 2024, down 32% YoY from 1,139.9 MW in Q2 2023. The capacity additions fell 33% quarter-over-quarter, according to Mercom...

August 6, 2024

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Urvashi Gupta

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Mercom Research Focus

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Wind
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Indian Solar Imports Surge by 148% YoY in Q1 2024

India imported solar cells and modules totaling over $2 billion (~₹167 billion) in the first quarter (Q1) of the calendar year 2024, up 147.5% year-over-year (YoY),...

June 11, 2024

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Urvashi Gupta

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Mercom Research Focus

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Solar
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O2 Power, Continuum and CleanMax: Top Open Access Developers in 2023

O2 Power, Continuum Green Energy, CleanMax Enviro Energy, Fourth Partner Energy, and AmpIn Energy Transition were the top solar open access developers in the calendar...

May 17, 2024

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Urvashi Gupta

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Mercom Research Focus

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Open Access

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Solar
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India Added 1.2 GW Wind Capacity in Q1 2024, 56% YoY Increase

India added 1.2 GW of new wind energy capacity in the first quarter (Q1) of 2024, a 56% YoY surge from 737.9 MW, according to Mercom India Research. The cumulative wind...

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Solar Auctions Surge by 229% in Q1 2024, Tender Activity Up 122%

Auctioned solar capacity in India surged to over 25 GW in the first quarter (Q1) of 2024 from 820 MW in Q1 2023, primarily due to the new bidding guidelines mandating...

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Average Cost of Large-Scale Solar Projects Fell 13% YoY in Q3

The average cost of large-scale solar power projects in India declined by 13.4% year-over-year (YoY) in the third quarter (Q3) of 2023 following the drop in module...

December 4, 2023

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Urvashi Gupta

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Mercom Research Focus

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Solar
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Sungrow, Sineng, Growatt, Solis Top Solar Inverter Suppliers in 1H 2023

Sungrow Power Supply, Sineng Electric, Growatt New Energy, Ginlong (Solis) Technologies, and GoodWe emerged as the leading solar inverter suppliers in India in the first...

November 15, 2023

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Urvashi Gupta

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Inverters & BOS

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Mercom Research Focus
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Solar Accounts for 16% of the Total Installed Power Capacity in Q3 2023

Solar power accounted for 16.44% of the total installed power capacity and 39.4% of the total installed renewable capacity in the third quarter (Q3) of 2023, marginally...

November 10, 2023

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Urvashi Gupta

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Mercom Research Focus

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Solar
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Leading Solar EPC Companies in 1H 2023: Prozeal Green, Tata Power, Vikram Solar

Prozeal Green Energy, Tata Power Solar, Vikram Solar, Waaree Renewable Technologies, and Opera Energy emerged as the top utility-scale solar engineering, procurement,...

November 9, 2023

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Urvashi Gupta

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Mercom Research Focus

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Solar

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Utility Scale
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Solar Auctions Up 86%, Tenders Rise 5% YoY in Q3 2023

Solar power project tenders floated by multiple implementing agencies in India rose 5% year-over-year (YoY) to over 13 GW during the third quarter (Q3) of the calendar...

October 12, 2023

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Urvashi Gupta

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Mercom Research Focus

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Solar

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Tenders & Auctions
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Solar Project Delays and Postponements Lead to 46% Decline in Investments In Q2 2023

Investments in the Indian solar sector in the second quarter (Q2) of the calendar year (CY) 2023 totaled $1.57 billion (~₹129.86 billion), a 46% year-over-year (YoY)...

August 28, 2023

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Urvashi Gupta

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Finance and M&A

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Mercom Research Focus

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Solar

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