Solar Will Lead All Power Generation in the Coming Decades

Solar Will Lead All Power Generation in the Coming Decades

The Mercom India Solar Summit 2021 kicked off on April 8, 2021, with the session 'Keynote-State of Indian Solar market,' led by Priya Sanjay, Managing Director, Mercom India, and Raj ...
India's Solar Installations Reach 40 GW Milestone

India’s Solar Installations Reach 40 GW Milestone

India's cumulative solar installations have hit the 40 GW milestone, according to Mercom India Research. As of February 2021, the country's total installations comprised 34.9 GW of utility-scale solar installations and ...
Solar and EV Sectors to Prop Up Silver Demand as Prices Roll Off Eight -Year High Hit in February (1)

Solar and EV Sectors to Prop Up Silver Demand as Prices Roll Off Eight-Year High Hit in February

The solar photovoltaic and electric vehicle sectors have been a steady source of silver demand over the past decade. The demand is expected to continue in the coming years as ...
Investments in the Indian Solar Sector Declined by 66% in 2020

Investments in the Indian Solar Sector Declined by 66% in 2020

Investments in the Indian solar sector declined by 66% and stood at approximately $2.8 billion (~₹203.17 billion) in the calendar year (CY) 2020, compared to $8.2 billion (~$595.02 billion) in ...
Unsigned Power Sale Agreements – A Major Hurdle for Growth in the Solar Sector

Unsigned Power Sale Agreements – A Major Hurdle for Growth in the Solar Sector

The Indian solar industry added just 3.2 GW of solar in 2020 as the market slumped by 56% due to COVID-related disruptions. However, Mercom expects 2021 and 2022 to be ...
/ / Mercom Research Focus, Other
India Adds 3.2 GW of Solar in 2020 a 56% Decline as COVID Takes a Toll

India Adds 3.2 GW of Solar in 2020, a 56% Decline as COVID Takes a Toll

India installed 3,239 MW of solar capacity in the calendar year (CY) 2020, a 56% decline, compared to 7,346 MW in 2019, according to the latest 2020 Q4 & Annual ...
/ / Mercom Research Focus, Other
Developers Say ISTS Waiver Extension Inevitable, Highlight Other Pressing Issues

Developers Say ISTS Waiver Extension Inevitable, Highlight Other Pressing Issues

Renewable energy projects commissioned on or before June 30, 2023, have a waiver on inter-state transmission system (ISTS) charges and losses. But most of these projects are yet to sign ...
Solar Inverter, Import Duty, Customs Duty, MNRE, Solar Modules, PV

Is Customs Duty Hike Sufficient to Incentivize Domestic Manufacture of Solar Inverters?

In the Budget 2021, the Finance Minister proposed to raise the customs duty on solar inverters from 5% to 20% and on solar lanterns from 5% to 15% to encourage ...
/ / Mercom Research Focus, Other
Budget 2021 Receives Mixed Reactions from Energy Sector Stakeholders

Budget 2021 Receives Mixed Reactions from Energy Sector Stakeholders

The 2021-22 Budget tabled in the Parliament by the Finance Minister, Nirmala Sitharaman, has received a mixed response from stakeholders in the energy sector. While the massive outlay for revamping ...
/ / Mercom Research Focus, Other
500%-800% Rise in Freight Charges Adding Financial Burden on Solar Projects

500%-800% Rise in Freight Charges Adding Financial Burden on Solar Projects

Indian solar developers face a new challenge while importing modules, especially from China. Solar companies are reporting that shipping/freight charges have shot up substantially in the range of 500%-800% in ...
/ / Mercom Research Focus, Other
Solar Imports in CY 2020 Down by 78%, Exports Declined by 67%

Solar Imports in CY 2020 Down by 78%, Exports Declined by 67%

In the calendar year 2020, India imported solar cells and modules worth $475.78 million (~₹34.7 billion), a 78% drop compared to CY 2019. In CY 2019, the Indian solar sector had ...
Open Access Solar Installations Increased by 56% in 2020 Despite Challenges

Open Access Solar Installations Increased by 56% in 2020 Despite Challenges

The total installed capacity in the open access (OA) market as of December 2020 stood at almost 4 GW, with a project development pipeline of over 1 GW, according to ...
Changing Wafer Sizes Will Cost Cell and Solar Module Manufacturers

Changing Wafer Sizes Will Cost Cell and Solar Module Manufacturers

The past few years have witnessed significant changes in solar manufacturing with the introduction of new technologies such as half-cut and even triple-cut, passivated emitter, and rear cell (PERC), bifacial, ...
Solar Sector Sees Broad-based Recovery, Funding Rises by 24% in 2020

Solar Sector Sees Broad-based Recovery, Funding Rises by 24% in 2020

The global corporate funding into the solar sector - including venture capital (VC), private equity (PE), debt financing, and public market financing - increased 24% to $14.5 billion in 2020 ...
Banking Charges, Ambiguity on Net Metering Rules Major Glitches in Gujarat Solar Policy

Banking Charges, Ambiguity on Net Metering Rules Major Glitches in Gujarat Solar Policy

The solar industry believes the Gujarat government's new solar policy is a mixed bag of positive and negative initiatives for the sector. The Gujarat government announced the new 'Gujarat Solar ...
Industry Fears Rooftop Market Will Collapse Due to the New Net Metering Policy

Industry Fears Rooftop Solar Market Will Collapse Due to the New Net Metering Policy

The new rules issued by the Ministry of Power mandating net metering for loads up to 10 kW and gross metering for above 10 kW has caused widespread anxiety among ...
/ / Mercom Research Focus, Other
Top Five States for Utility-Scale Solar Installations in 2020 [Infographics]

Top Five States for Utility-Scale Solar Installations in 2020 [Infographics]

Cumulative utility-scale solar installations in India at the end of December 2020 stood at 34 GW, according to Mercom India Research. Installations were slow for most of the year due ...
Solar Industry Executives Weigh in On Growth Prospects and Outlook for 2021

Solar Industry Executives Weigh in On Growth Prospects and Outlook for 2021

With a tumultuous year behind it, the Indian solar industry has much to look forward to in 2021. The country has a robust solar project pipeline, and investors are optimistic ...
Companies Expect a Phenomenal Year for Electric Vehicles in 2021_ Industry Reacts

Companies Expect a Phenomenal Year for Electric Vehicles in 2021: Industry Reacts

The manufacturing and sales activity were impacted by COVID-19 in the Electric Vehicle (EV) segment in India in the first half of 2020 due to a lengthy lockdown and exodus ...
Top Developments That Influenced the Rooftop Solar Sector in 2020

Top Developments That Influenced the Rooftop Solar Segment in 2020

Rooftop solar is still one of the easiest ways for consumers to go solar. Compared to utility-scale solar, the rooftop solar segment was especially hard hit from COVID-19 this year, ...
2020 A Look Back_ Developments that Shaped the Solar Sector

2020 A Look Back: Developments that Shaped the Solar Sector

2020 took off with high expectations, with Mercom projecting over 8 GW in solar installations for the year right before the COVID-19 pandemic hit. After the lockdown in March, development ...
/ / Mercom Research Focus, Other
5 Lowest Solar Tariffs of 2020

5 Lowest Solar Tariffs of 2020

The COVID-19 pandemic has affected project deadlines, availability of labor, and component supplies in 2020. However, solar tariffs continue to fall, with the lowest ever recorded tariffs discovered just this ...
/ / Mercom Research Focus, Other
Here Are 2020’s Top EV Funding Deals

Here Are 2020’s Top Electric Vehicle Funding Deals

In a rough year for businesses, 2020 saw some high points for the Indian electric vehicle (EV) segment in terms of funding. EV companies are betting that the consumer mindset ...
/ / Mercom Research Focus, Other
Top Five Solar Tenders of 2020 [Infographics]

Top Five Solar Tenders of 2020 [Infographics]

According to Mercom India Research, nearly 36.2 GW of solar tenders were floated during the year – a testament to the sector's resilience amid the COVID-19 crisis even as other ...
Major Developments in India's Wind Sector in 2020

Major Developments in India’s Wind Sector in 2020

Project development slowed down to a crawl in the wind sector for most of the year as supply chain issues, transportation restrictions, and workforce shortages weighed down the sector due ...