Mercom Research Focus

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Energy Storage Funding Declines in 1H 2025

Corporate funding for energy storage companies fell sharply in the first half (1H) of 2025 to $9.1 billion across 55 deals, according to Mercom Capital Group’s 1H and Q2...

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Trained Workforce Shortage Imperils India’s Renewable Energy Sector

India’s ambitious bid to lead the global renewable energy transition is running into a significant obstacle, a shortage of skilled workers. Industry leaders say...

August 13, 2025

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Arjun Joshi

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Mercom Research Focus

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Renewable Energy
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Indian Solar Exporters Eye Alternative Markets Post Trump’s 50% Tariff

India’s rising solar export sector has been dealt a severe blow with the U.S. imposing 50% import tariffs. The U.S. has been the prime destination for Indian solar cell...

August 11, 2025

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B.S. Nagaraj

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Manufacturing

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Mercom Research Focus

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Solar
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India’s Utility-Scale Solar Tender and Auction Activity Plunge in Q2 2025

Solar tender issuance in India fell sharply in the second quarter (Q2) of 2025. According to Mercom India Research, just 6.5 GW of solar tenders were announced—down 53....

August 11, 2025

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Sowndhiga U

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Mercom Research Focus

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Solar

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Utility Scale
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Renewable Energy Capacity in India’s Power Mix Reaches 48.3% in Q2 2025

India’s renewable energy capacity, including large hydroelectric projects, made up 48.3% of the country’s cumulative power capacity, with 234.2 GW installed at the end...

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India’s Solar Power Generation Rises 19.2% YoY in Q2 2025

India generated approximately 43 billion units (BU) of solar power in the second quarter (Q2) of the calendar year 2025, a 19.2% year-over-year (YoY) increase. Solar...

August 7, 2025

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Tarun Kothamasu

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Mercom Research Focus

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Solar
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Corporate Solar Funding Declines 39% YoY Amid Policy Uncertainties

Total global corporate funding for the solar sector dropped by 39% year-over-year (YoY) to $10.8 billion in the first half (1H) of 2025 from $17.6 billion, according to...

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Maharashtra’s Energy Banking Rules Could Limit Solar Capacity Additions

Solar project developers fear a significant drop in capacity additions among Maharashtra’s prosumers because of the Maharashtra Electricity Regulatory Commission’s...

July 15, 2025

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Melvin Mathew

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Mercom Research Focus

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Solar
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India Added 341 MWh of Energy Storage Capacity in 2024

India installed over 341 MWh of battery energy storage systems (BESS) in 2024, marking an over sixfold increase from the 51 MWh installed in 2023, according to Mercom...

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Madhya Pradesh Emerges as a Key Market for Solar Open Access

In the first quarter (Q1) of 2025, Madhya Pradesh emerged as one of the leading states in adding solar open access capacity. With 121.5 MW installed, it recorded the...

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Maharashtra, Tamil Nadu, and Karnataka Lead Q1 Solar Open Access Installations

India added 1.1 GW of solar open access capacity in the first quarter (Q1) of 2025, down nearly 48% from 2.1 GW in Q4 2024. Installations were down 47% year-over-year...

June 27, 2025

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Tarun Kothamasu

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Mercom Research Focus

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Open Access

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Solar
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Virtual PPA Framework a Good First Step, But Regulatory Backing is Essential

Virtual power purchase agreements (VPPAs), a financial tool for energy-intensive industries seeking to meet their renewable energy obligations, have not gained momentum...

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From Leader to Lagging? Kerala’s Net Metering Cap Proposal Threatens Growth

The recent proposal from the Kerala State Electricity Regulatory Commission to limit net metering for rooftop solar systems up to 3 kW is likely to slow down the rooftop...

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India’s Solar Exports Up 26%, Imports Surge 80.2% QoQ in Q1 2025

Indian solar module and cell exports increased 26.1% quarter-over-quarter (QoQ) to $267.6 million (~₹23.1 billion) in the first quarter (Q1) of 2025 from $212.2 million...

June 16, 2025

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Prabha P P

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Mercom Research Focus

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Solar
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Average Cost of Large-Scale Solar Projects Rose Marginally in Q1 2025

Large-scale solar project costs in India increased for the second consecutive quarter, according to Mercom’s  Q1 2025 India Solar Market Update, average project costs...

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