Mercom Research Focus

thumbnail
India Registers 56% Growth in Wind Installations, Adds 2.8 GW in 2023

India installed 2.8 GW of new wind energy capacity in 2023, a ~56% surge from 1.8 GW in 2022. The cumulative wind capacity as of December 2023 stood at 44.7 GW, compared...

March 13, 2024

/

Joydeep Sinha

/

Mercom Research Focus

,

Wind
thumbnail
Average Cost of Large-Scale Solar Projects Drop 27% YoY in Q4 2023

The average cost of large-scale solar power projects in India declined by 26.6% year-over-year (YoY) in the fourth quarter (Q4) of 2023 following a drop in module prices....

thumbnail
India’s Open Access Solar Sustains Growth Momentum in 2023, Adding 3.2 GW

India achieved a record-breaking annual installation of solar open access, adding 3.2 GW, in the calendar year (CY) 2023, a marginal increase from the 3 GW installed in...

March 7, 2024

/

Gautamee Hazarika

/

Mercom Research Focus
thumbnail
India’s Rooftop Solar Installations Reach 1.7 GW in 2023

India installed 1.7 GW of rooftop solar capacity in 2023, the second-highest annual installation numbers on record, according to Mercom India Research’s newly...

thumbnail
Red Sea Shipping Crisis Hits Key Trade Route for Solar Modules

Prices of solar modules shipped from Asia to Europe have jumped as much as 20% as trade disruptions in the Red Sea, which carries 12% of the world’s seaborne trade, have...

thumbnail
Indian Solar Exports Grow 227% YoY in 2023, Imports up 89%

Indian solar exports rose 227% year-over-year (YoY) to $1.8 billion (~₹152.6 billion) in CY 2023 from $561 million (~₹46.4 billion), according to recent data published...

February 26, 2024

/

Anubhav Prakash

/

Markets & Policy

,

Mercom Research Focus

,

Solar
thumbnail
Plagued by Project Delays, India’s Solar Capacity Additions Plummet by 44% in 2023

Solar installations in India dropped 44.1% in the calendar year (CY) 2023, with a capacity of 7.5 GW added against 13.4 GW in 2022, according to Mercom India’s Q4...

February 22, 2024

/

Gautamee Hazarika

/

Markets & Policy

,

Mercom Research Focus

,

Solar
thumbnail
Rajasthan Struggles to Harness Solar Potential as Open Access Projects Face Setbacks

In Rajasthan, where the promise of renewable energy seems boundless, hurdles have emerged in the path of progress where a significant capacity of open access solar...

February 20, 2024

/

Gautamee Hazarika

/

Markets & Policy

,

Mercom Research Focus

,

Solar
thumbnail
ALMM Reimposition and Exemptions Leave the Solar Industry Guessing

The Approved List of Models and Manufacturers (ALMM) regulation will be back in force from April 1, 2024, with exemptions for projects set up under open access solar and...

February 14, 2024

/

Satish Shetty

/

Markets & Policy

,

Mercom Research Focus

,

Solar
thumbnail
P2P Solar Energy Trading: An Innovative Approach Fraught with Challenges

Consumers of electricity in a few Indian states could soon become ‘prosumers’ by installing rooftop solar and selling excess power generated directly to...

thumbnail
Odisha’s Potential Solar Open Access Boom Hinges on Overcoming Challenges

Large industries in Odisha have the mandate of fulfilling Renewable Purchase Obligations (RPO) owing to the captive thermal plants used to run their facilities. This...

February 13, 2024

/

Arjun Joshi

/

Mercom Research Focus

,

Open Access

,

Solar
thumbnail
India’s Solar Power Generation Up 10% YoY in 2023 Despite Lower Capacity Additions

India generated around 104.83 billion units (BU) of solar power in the calendar year (CY) 2023, a 10.17% increase from 95.15 BU generated in 2022, according to the...

February 12, 2024

/

Tarun Kothamasu

/

Markets & Policy

,

Mercom Research Focus

,

Solar
thumbnail
Solar’s Share in Renewable Capacity Increases Marginally to 40% in 2023

Solar power accounted for 16.9% of the total installed power capacity and 40.1% of the total installed renewable capacity at the end of December 2023. Solar power’s...

February 9, 2024

/

Debojyoti Nath

/

Markets & Policy

,

Mercom Research Focus

,

Solar
thumbnail
Energy Storage Sector Secures Record Venture Capital Funding of $9.2 Billion in 2023

Global venture capital funding in the energy storage sector in 2023 reached $9.2 billion, a 59% year-over-year (YoY) increase from $5.8 billion. The amount raised was...

thumbnail
Solar Sector Sets High Hopes on Budget 2024, Here’s the Long Wish List

The solar industry stakeholders have a long wish list for the Union Budget 2024, which will be presented on February 1, 2024. Stakeholders hope Finance Minister Nirmala...

1

2

3

...

42