Corporate Funding for Battery Storage Firms Jumps to $9.6 Billion in 1H 2021

Corporate Funding for Battery Storage Firms Jumps to $9.6 Billion in 1H 2021

Global corporate funding, including venture capital (VC) funding, public market, and debt financing for battery storage, smart grid, and efficiency companies in the first half (1H) of 2021, was up ...
Equity Lock-in Period Should be Removed to Boost Foreign Direct Investments in Solar

Equity Lock-in Period Should be Removed to Boost Foreign Direct Investments in Solar

Removing the one-year lock-in period for controlling shareholding could help increase investment flow into the solar market in India, which sorely needs it. A 'controlling shareholding' is the ownership (directly ...
Why Rewa Ultra Mega Solar Limited's Tender Was a Big Success

Why Rewa Ultra Mega Solar Limited’s Tender Was a Big Success

The Rewa Ultra Mega Solar Limited's (RUMSL) tenders for 550 MW of solar projects at the Agar Solar Park and 450 MW of solar projects at the Shajapur Solar Park ...
Solar’s Share in India’s Installed Power Capacity Rises to 11.2%

Solar’s Share in India’s Installed Power Capacity Rises to 11.2%

India’s installed renewable energy (including large hydro projects) capacity stood at 143.9 GW, accounting for a share of 37.4% in the overall power mix at the end of the second ...
Corporate Funding for Solar Surges by 193% Globally in 1H 2021

Corporate Funding for Solar Surges by 193% Globally in 1H 2021

Global corporate funding in the solar sector, including venture capital (VC) funding, debt and public market financing, stood at $13.5 billion in the first half (1H) of 2021, a 193% ...
Great Indian Bustard and the Renewable Energy Sector - How to Save Both

Great Indian Bustard and the Renewable Energy Sector – How to Save Both

Uncertainty looms over the future of renewable power projects in Rajasthan following the Supreme Court order which says that power lines in the region be shifted underground, as electrocution was ...
Can Solar Developers Take Advantage of Duty-Free Period Ahead

Can Solar Developers Take Advantage of Duty-Free Period Ahead?

Solar developers in India are facing two important dates - the safeguard duty (15%) set to end on July 29, 2021, and the basic customs duty (BCD) of 40% on ...
Solar Tender Activity up Year-over-Year in Q2 While Auctions Slowed

Solar Tender Activity Up Year-over-Year in Q2 While Auctions Slowed

According to Mercom India Research, government agencies announced tenders for 8.5 GW of solar projects in the second quarter (Q2) of the calendar year (CY) 2021, a 19% decrease compared to ...
Green Power Tariff An Attractive Option for Consumers to Access Solar and Wind Power

Green Power Tariff: An Attractive Option for Consumers to Access Solar and Wind Power

Commercial and Industrial (C&I) consumers have multiple options of going green – setting up large-scale solar projects through open access models, rooftop solar systems, or purchasing renewable energy certificates. For ...
Commodity Prices to Continue Rising, Driving up Solar Component Costs

Commodity Prices to Continue Rising, Driving up Solar Component Costs

Over the last six months, the rising price trends in commodities, including steel, aluminum, and copper, have started to take a toll, increasing the burden on solar developers. In addition, ...
Growing Demand for Rooftop Solar Expected to Offset Adverse Impact of Cap on Net Metering

Growing Demand for Rooftop Solar Expected to Offset Adverse Impact of Cap on Net Metering

Net metering, one of the vital policy drivers for rooftop solar adoption, has witnessed a series of revisions in India in the past few months. Net metering for rooftop solar ...
419 MW of Open Access Solar Projects Installed in Q1 2021

419 MW of Open Access Solar Projects Installed in Q1 2021

India’s open access solar installations totaled 419 MW in the first quarter (Q1) of 2021, while the cumulative solar installations in the open access market have reached 4.3 GW as ...
ALMM Effect: Solar Developers Worried About Supply, Module Makers Unconcerned

ALMM Effect: Solar Developers Worried About Supply, Module Makers Unconcerned

To closely monitor the component solar suppliers and their manufacturing facilities, the Ministry of New and Renewable Energy (MNRE) has made it mandatory for solar cell and module manufacturers to ...
_Solar Industry Reacts PLI Program Good for Large Manufacturers; MSMEs Left Out

Solar Industry Reacts: PLI Program Good for Large Manufacturers; MSMEs Left Out

India has launched a performance-linked incentive (PLI) program to support vertically integrated, gigawatt-scale manufacturing of high-efficiency solar modules. The implementing agency – the Indian Renewable Energy Development Agency (IREDA), has ...
Rooftop Solar The Struggles Continue DesRooftop Solar The Struggles Continue Despite Enormous Potentialpite Enormous Potential

Rooftop Solar: The Struggles Continue Despite Enormous Potential

The energy costs for commercial and industrial (C&I) units in India account for around 30%-40% of the operational expenses.  Embracing solar seems like the most logical step towards saving the ...
Higher Module Prices Raise Cost of Large-Scale, Rooftop Solar Systems in Q1 2021

Higher Module Prices Raise Cost of Large-Scale, Rooftop Solar Systems in Q1 2021

The average cost of large-scale solar projects first quarter of 2021 (Q1 2021) was about ₹36.6 million (~$505,308)/MW, according to Mercom’s recently released Q1 2021 India Solar Market Update. The cost ...
Investments in Indian Solar Sector Fell by 30% QoQ in Q1 2021

Investments in Indian Solar Sector Fell by 30% QoQ in Q1 2021

The investments in the Indian solar sector declined by 30% and stood at $1.04 billion (~₹76 billion) in the first quarter (Q1) of the calendar year (CY) 2021, compared to ...
India’s Solar Installations Up 88% in Q1 2021 With 2.05 GW

India’s Solar Installations Up 88% YoY in Q1 2021 With 2.05 GW

India added 2,056 MW of solar in the first quarter (Q1) of 2021, a 37% increase quarter-over-quarter (QoQ), compared to 1,505 MW installed in the fourth quarter of 2020. These ...
Uncertainty Surrounds the Fate of Safeguard Duty After July 2021

Uncertainty Surrounds the Fate of Solar Safeguard Duty After July 2021

The crucial duty of protecting domestic solar cell and module manufacturers in India against imports from China PR, Thailand, and Vietnam is set to end on July 29, 2021. Until ...
Solar Imports Up 72% YoY in Q1 2021, Exports Show a Marginal Drop of 19%

Solar Imports Up 72% YoY in Q1 2021, Exports Show a Marginal Drop of 19%

In the first quarter (Q1) of the calendar year (CY) 2021, India imported solar cells and modules amounting to $259 million (~₹18.93 billion), a 132% increase compared to Q4 CY 2020 ...
Freight Charges for Solar Module Imports Could Remain High for Six Months or More

Freight Charges for Solar Module Imports Could Remain High for Six Months or More

The Indian solar developers and engineering, procurement, and construction (EPC) service providers have been hit hard by the increase in freight charges and the shortage of raw materials that have ...
Covid-19 How the Solar Industry is Handling the Second Wave

Covid-19: How the Solar Industry is Handling the Second Wave

The second Covid-19 surge is wreaking havoc in India, with cases surpassing six figures daily. Although India has not declared a nationwide lockdown, several states where the cases have peaked ...
LONGi, Jinko, and Adani: Top Solar Module Suppliers to India in 2020

LONGi, Jinko, and Adani: Top Solar Module Suppliers to India in 2020

In the calendar year (CY) 2020, the top ten module suppliers accounted for nearly 68% of the market share. LONGi Solar, Jinko Solar, and Adani Solar were the top three ...
Sungrow, Huawei, and Sineng Electric: Top Solar Inverter Suppliers to India in CY 2020

Sungrow, Huawei, and Sineng Electric: Top Solar Inverter Suppliers to India in CY 2020

Sungrow, Huawei, and Sineng Electric were the top solar inverter suppliers to the Indian solar market in the calendar year (CY) 2020, according to Mercom’s recently released report India Solar Market Leaderboard ...
Adani, Hero Future Energies, and SB Energy Top Utility-Scale Solar Developers in 2020

Adani, Hero Future Energies, and SB Energy: Top Utility-Scale Solar Developers in 2020

Large-scale solar projects accounted for 78% of the total installations in India with 2.52 GW in 2020. While the industry is upbeat about the prospects in 2021, the second wave ...