Mercom Research Focus

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New Players Shake Up Indian Solar Market in 2024

Mercom India has released the India Solar Market Leaderboard 2025, outlining the market share rankings and competitive dynamics of the Indian solar sector for the...

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Without ISTS Waiver Extension, India’s 2030 Renewable Energy Goals Will Be at Risk

With just over two months to go before the interstate transmission system (ISTS) charges waiver ends, the Indian renewable energy project developers are keeping their...

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Energy Storage Funding Declines Sharply in Q1 2025

Corporate funding for energy storage companies, including venture capital (VC), debt, and public market financing, totaled $2.2 billion across 31 deals in Q1 2025,...

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Energy Banking Policies in the Top States for Solar Open-Access in 2024

Energy banking enables renewable energy developers to inject surplus power into the grid for withdrawal during periods when needed, thereby optimizing energy utilization....

April 14, 2025

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Prabha P P

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Mercom Research Focus

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Open Access

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Solar
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Battery Energy Storage Key to India’s Renewable Energy Future

As India’s power grid becomes increasingly complex due to rising renewable energy penetration, the need for a stable grid has never been more pressing. With the...

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Karnataka’s Free Electricity Program Slows Rooftop Solar Rollout Under PM Surya Ghar

The implementation of the PM Surya Ghar: Muft Bijli Yojana in Karnataka has been slow to take off. Despite a sharp rise in registrations, only 6,519 rooftop solar...

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ALMM, Strong Demand Drive India’s Solar Panel Manufacturing Capacity to 25.3 GW in 2024

India added 25.3 GW of solar module capacity and 11.6 GW of solar cell capacity in calendar year (CY) 2024, according to Mercom’s recently released State of Solar...

April 8, 2025

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Melvin Mathew

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Manufacturing

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Mercom Research Focus

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Solar
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Uttar Pradesh Shows Rising Residential Solar Potential, But Issues Prevail

Uttar Pradesh, India’s largest state, has demonstrated significant potential for solar adoption. With ample sunshine for most of the year and government programs...

April 8, 2025

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Tina Freese

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Mercom Research Focus

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Rooftop

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Solar
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Government Tightens Solar Cell Manufacturing Norms

The Ministry of New and Renewable Energy (MNRE) has mandated that only solar cells manufactured using undiffused wafers will qualify under the Domestic Content...

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The Top Five States for Solar Open Access Installations in CY 2024

India installed 6.9 GW of solar open access capacity in the calendar year 2024, 77% more than the 3.9 GW installed in 2023, a record for annual capacity additions,...

April 3, 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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Local Manufacturing Mandate for EV Parts May Cause Short-term Supply Gaps, Price Rise

The electric vehicle (EV) industry is bracing for a short-term price surge, as the Ministry of Heavy Industries (MHI) has mandated a 100% domestic content requirement...

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India’s Solar Exports Decline 16% YoY in 2024, Imports Down 10%

Indian solar module and cell exports decreased 16% year-over-year (YoY) to $1.5 billion (~₹129.4 billion) in 2024 from $1.8 billion (~₹152 billion), according to recent...

March 27, 2025

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Prabha P P

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Mercom Research Focus

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Solar
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REIAs Justify Charging Trading Margin, Want Issue Settled with DISCOMs

A ₹0.07 (~$0.0008)/kWh trading margin and the discovered tariff have become a bone of contention between renewable energy implementing agencies (REIAs) and buying...

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Free Electricity Programs a Disincentive for PM Surya Ghar Rooftop Solar Adoption

At a time when the government is pushing for greater adoption of solar through the PM Surya Ghar: Muft Bijli Yojana, which aims to make households energy-independent,...

March 21, 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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Average Cost of Large-Scale Solar Projects Down 8% YoY in Q4 2024

In the fourth quarter (Q4) of calendar year (CY) 2024, the average cost of large-scale solar power projects in India fell over 8% year-over-year (YoY), according to...

March 20, 2025

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Ajayan J S

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Mercom Research Focus

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Solar

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