Multi-Year Tariffs Crucial For Visibility and Growth of Open Access Solar Market

Multi-Year Tariffs Crucial for Visibility and Growth of Open Access Solar Market

The open access solar market is steadily growing in India, providing a viable alternative for developers who do not wish to participate in extremely competitive auctions for large-scale projects or ...
/ / Mercom Research Focus, Other
Solar Investments in India Back to Pre-Pandemic Levels, Up 119% in Q2 2021

Solar Investments in India Back to Pre-Pandemic Levels, Up 119% in Q2 2021

The investments in the Indian solar sector increased by 119% quarter-over-quarter, with over $2 billion in the second quarter (Q2) of the calendar year (CY) 2021. However, in a year-over-year ...
/ / Mercom Research Focus, Other
Average Cost to Build Large-Scale Solar Rises by 12% Year-Over-Year

Average Cost to Build Large-Scale Solar Rises by 12% Year-Over-Year

According to Mercom’s recently released Q2 2021 India Solar Market Update, the average cost of large-scale solar projects in the second quarter of 2021 (Q2 2021) was ₹38.6 million (~$529,036)/MW. The ...
/ / Mercom Research Focus, Other
Is the Tariff of ₹2.14kWh Discovered in Neemuch 500 MW Solar Auction an Aberration

Is the Tariff of ₹2.14/kWh Discovered in Neemuch 500 MW Solar Auction an Aberration?

There is a consensus among the stakeholders that the tariffs in the post safeguard duty era with the Approved List of Models and Manufacturers (ALMM) in effect will hover around ...
/ / Mercom Research Focus, Other
India’s Solar Capacity Additions Grew By 251% With 4.6 GW Added in 1H 2021

India’s Solar Capacity Additions Grew by 251% With 4.6 GW Added in 1H 2021

The second quarter (Q2) of the calendar year (CY) 2021 brought some good news for the solar sector, with India adding 2,488 MW of solar capacity, an increase of 19% ...
Guaranteed Offtake the Reason for Success of MSEDCL’s 500 MW Solar Tender

Guaranteed Offtake the Reason for Success of MSEDCL’s 500 MW Solar Tender

Stakeholders in the solar industry believe that tariffs in upcoming solar auctions are likely to settle around ₹2.50 (~$0.034)/kWh, given the spike in module and commodity prices. Developers are bracing ...
DISCOM Revamp Plan Could Expedite Payments and Strengthen Transmission Network

DISCOM Revamp Plan Could Expedite Payments and Strengthen Transmission Network

The Ministry of Power (MoP) issued detailed guidelines last month for the reform-based result-linked power distribution program over the next five years. The program aims to reduce the aggregate technical and commercial ...
Can Solar Developers Rely on Local Manufacturers for Module Supply Without Disruptions

Can Solar Developers Rely on Local Manufacturers for Module Supply Without Disruptions?

The government's focus lately has shifted strongly towards establishing a domestic solar manufacturing base. The government has levied safeguard duty, Basic Customs Duty (BCD), introduced the approved list of module ...
/ / Mercom Research Focus, Other
Wind Installations Up 76% Year-over-Year With 239 MW of New Capacity Added

Wind Installations Up 76% Year-over-Year With 239 MW of New Capacity Added

Wind installations in India in the second quarter (Q2) of 2021 were down by 62% quarter-over-quarter (QoQ), with 239 MW added in Q2 2021, compared to 623 MW added in ...
Indian Solar Imports and Exports in 1H Back to Pre-Pandemic Levels

Indian Solar Imports and Exports in 1H Back to Pre-Pandemic Levels

Imports of solar cells and modules surged by a staggering 1,000% in the second quarter (Q2) of the calendar year (CY) 2021, totaling $762 million (~₹56.6 billion) as compared to ...
/ / Mercom Research Focus, Other
Solar Mounting Structures and Projects Impacted by Steel Prices and Iron Ore Shortages

Solar Mounting Structures and Projects Impacted by Steel Prices and Iron Ore Shortages

Manufacturers of mounting structures for solar modules have been facing a severe shortage in a critical raw material – steel. The price volatility of this essential metal and the disruption ...
Solar Developers Finding it Difficult to Bid Below ₹2.50kWh As ALMM Takes Effect

Solar Developers Finding it Difficult to Bid Below ₹2.50/kWh as ALMM Takes Effect

Solar developers are finding it challenging to execute solar projects with a tariff lower than ₹2.50 (~$0.034)/kWh with the Approved List of Models and Manufacturers (ALMM) restrictions. According to the ...
Struggling Solar MSMEs Want a Technology Upgradation Fund for Manufacturing

Struggling Solar MSMEs Want a Technology Upgradation Fund for Manufacturing

While the government has come up with several protectionist policies to give impetus to the manufacturing sector in the solar space, the deck is stacked against the smaller players who ...
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 ...