Mercom Research Focus

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Capacity Additions Drive India’s Solar Power Generation Up 18% in 2024

India’s solar power generation rose nearly 18% year-over-year (YoY) to 133.8 billion units (BU) in 2024 from 113.4 BU, according to data published by the Central...

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Rising Costs and Supply Shortages of DCR Modules Challenge Solar Programs

The PM Surya Ghar: Muft Bijli Yojana and the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) are the government’s key initiatives to help...

February 3, 2025

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Arjun Joshi

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Mercom Research Focus

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Solar
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India’s Installed Wind Capacity Rose 45% YoY in Q4 2024

India added over 800 MW of wind power capacity in the fourth quarter (Q4) of calendar year (CY) 2024, up 45.1% year-over-year (YoY) from 551 MW. The capacity additions...

January 31, 2025

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Sowndhiga U

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Mercom Research Focus

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Wind
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Kerala Pioneered Rooftop Solar Growth Well Before PM Surya Ghar Initiative

Kerala has emerged as a leader in residential rooftop solar installations, with the PM Surya Ghar program being a major catalyst. Kerala has achieved a 60.13%...

January 29, 2025

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Arjun Joshi

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Mercom Research Focus

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Rooftop

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Solar
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Solar Energy’s Contribution to India’s Power Mix Surpassed 21% in Q4

Solar photovoltaic projects comprised 21.2% of India’s total installed power capacity and 46.8 % of the total installed renewable capacity at the end of December 2024....

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Energy Storage Firms Secure $19.9B in Corporate Funding, M&A Activity Up

According to Mercom Capital Group’s newly released Annual and Q4 2024 Funding and M&A Report for Storage & Grid, corporate funding for energy storage companies,...

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Utility-Scale Solar Tenders and Auctions in India Reach New Peak in 2024

Bid invitations for utility-scale solar projects in calendar year (CY) 2024 surpassed annual tender announcements of all previous years. Several entities floated tenders...

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Center and States Must Align Better for Accelerated Solar Open Access Growth

There is a remarkable shift in the adoption of renewable energy in India, particularly with solar open access growing as a compelling choice for commercial and...

January 22, 2025

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Tina Freese

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Mercom Research Focus

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Open Access

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Solar
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Corporate Funding in the Solar Sector Dropped 24% YoY in 2024

Global corporate funding in the solar sector in 2024 reached $26.3 billion, a 24% year-over-year (YoY) decline from $34.4 billion, according to Mercom’s Annual and Q4...

January 21, 2025

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Melvin Mathew

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Mercom Research Focus

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Solar
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Financial Incentives, Policy Support Top Solar Industry’s 2025 Budget Wishlist

As India’s renewable energy sector continues to grow, the spotlight is on Finance Minister Nirmala Sitharaman as she prepares to present the Union Budget 2025. As...

January 21, 2025

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Arjun Joshi

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Mercom Research Focus

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Solar
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Maharashtra and Rajasthan Lead Solar-Powered Agriculture Under KUSUM Program

Maharashtra and Rajasthan have been frontrunners in the adoption of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program Component C,...

January 10, 2025

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Gautamee Hazarika

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Mercom Research Focus

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Solar
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How to Monetize Brownfield Transmission Assets to Attract Private Investment

Government agencies in India’s power sector have suggested that states find methods to monetize brownfield electricity transmission assets to attract investments...

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Scaling Energy Storage in the MENA Region Amidst Renewables Boom

Until recently, large-scale energy storage was barely a consideration in the Middle East, where fossil fuels have long dominated power generation. With renewable energy...

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Mercom’s Most Impactful Interviews in 2024: Here’s What Clean Energy Experts Said

Mercom India conducted a series of exclusive interviews with top executives from the renewable energy sector and government agencies, bringing out their insights on the...

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India’s Top Five Utility-Scale Solar Tenders in 2024 [Infographics]

Tenders amounting to about 70 GW were issued for developing utility-scale solar projects in 2024. Here is a list of top utility-scale solar tenders from the year: #1 The...

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