Mercom Research Focus

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India’s Solar Market Sees New Leaders Rise in 2023: Mercom Report

India’s solar market witnessed the emergence of new leaders in the calendar year 2023, according to Mercom’s recently released India Solar Market Leaderboard...

May 6, 2024

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Staff

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Mercom Research Focus

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Solar
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Corporate Funding in Energy Storage Sector Surges Five-Fold to $11.7 Billion in Q1

The global energy storage sector witnessed a 432% increase year-over-year (YoY) in corporate funding, totaling $11.7 billion across 29 transactions, from $2.2 billion in...

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Burdensome Regulations and Delays Jeopardize Telangana’s Solar Open Access Projects

At a time when solar open-access installations are gaining traction across the country, developers with small-capacity projects in Telangana say the inordinate delay in...

April 24, 2024

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B.S. Nagaraj

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Mercom Research Focus

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Open Access

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Solar
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Solar Sector Records 81% Drop in VC Funding in Q1, Corporate Funding Down by 4%

The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised...

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Solar Auctions Surge by 229% in Q1 2024, Tender Activity Up 122%

Auctioned solar capacity in India surged to over 25 GW in the first quarter (Q1) of 2024 from 820 MW in Q1 2023, primarily due to the new bidding guidelines mandating...

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As ISTS Waiver Nears End, Developers Need Extension Amid Lack of Substations

As the deadline for the Inter-State Transmission System (ISTS) charges waiver approaches, additional substations are critical to ensure the smooth facilitation of...

April 16, 2024

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Gautamee Hazarika

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Markets & Policy

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Mercom Research Focus

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Solar
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Top 5 States for Solar Open Access Installations in CY 2023

India added 3.2 GW of new solar open access capacity in 2023, the most in any calendar year to date, with the top five states accounting for 84.2% of the new installed...

April 8, 2024

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Joydeep Sinha

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Mercom Research Focus

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Open Access

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Solar
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Renewable Energy Projects Bogged Down by Lack of Transmission Infrastructure

Renewable energy project development is surging across India, resulting in an unprecedented demand for evacuation infrastructure to connect to the grid. According to a...

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India’s Total Solar Module Manufacturing Capacity Reached 64.5 GW in 2023

India added 20.8 GW of solar modules and 3.2 GW of solar cell capacity in calendar year (CY) 2023, according to the recently released State of Solar PV Manufacturing in...

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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

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Joydeep Sinha

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Mercom Research Focus

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Wind
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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....

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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

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Gautamee Hazarika

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Mercom Research Focus
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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...

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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...

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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

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Anubhav Prakash

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Markets & Policy

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Mercom Research Focus

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Solar

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