Investments in the Indian Solar Sector Totaled $2 Billion in Q3 2022

Investments in Indian Solar Sector Totaled $2 Billion in Q3 2022

Investments in the Indian solar sector in the third quarter (Q3) of the calendar year (CY) 2022 totaled $2 billion (~₹161.1 billion), a 30% quarter-over-quarter (QoQ) decrease compared to the ...
India Adds Over 1.2 GW of Rooftop Solar in 9M 2022

India Adds Over 1.2 GW of Rooftop Solar in 9M 2022

India installed over 1.2 GW of rooftop solar capacity in the first nine months (9M) of the calendar year (CY) 2022, a decline of 11% year-over-year (YoY), according to Mercom ...
Top Rooftop Solar Companies in 1H 2022: Tata Power Solar, Amplus, Fourth Partner Energy

Top Rooftop Solar Companies in 1H 2022: Tata Power Solar, Amplus, Fourth Partner Energy

Tata Power Solar, Amplus Solar, Fourth Partner Energy, Roofsol Energy, and Havells India were the top solar rooftop companies in India in the first half (1H) of the calendar year ...
/ / Mercom Research Focus, Solar
Solar Developers Are Struggling to Receive Compensation Under Change in Law

Solar Developers are Struggling to Receive Compensation Under Change in Law

Many ‘Change in Law’ petitions on safeguard duty filed in 2018 are still pending disposal DISCOMs drag on litigations for years Unresolved petitions restrict cash flow and make loans more ...
Tata Power, Jakson, Voltas Top Solar EPC Players in 1H 2022

Tata Power, Jakson, Voltas Top Solar EPC Players in 1H 2022

Tata Power Solar, Jakson Green, and Voltas were the top utility-scale solar engineering, procurement, and construction (EPC) service providers in the first half (1H) of the calendar year (CY) 2022, ...
/ / Mercom Research Focus, Solar
BCD Effect India’s Solar Imports Down, Exports Surge 642% YoY in Q3 2022

BCD Effect: India’s Solar Imports Down, Exports Surge 642% YoY in Q3 2022

India exported solar cells and modules worth $157 million (~₹12.76 billion) in the third quarter (Q3) of the calendar year (CY) 2022, an increase of 642% year-over-year (YoY) compared to ...
Sungrow, Sineng, FIMER, Solis Top Solar Inverter Companies in 1H 2022

Sungrow, Sineng, FIMER, Solis Top Solar Inverter Companies in 1H 2022

Sungrow, Sineng Electric, FIMER India, Ginlong (Solis) Technologies, and SOFARSOLAR were the leading solar inverter suppliers in India in the first half (1H) of the calendar year (CY) 2022, according ...
India Installs a Record 10 GW of Solar in 9M 2022

India Installs a Record 10 GW of Solar in 9M 2022

India installed a record 10 GW of new solar capacity during the first nine months (9M) of 2022, an increase of 35% year-over-year (YoY), according to Mercom India Research's newly ...
/ / Mercom Research Focus, Solar
Smaller Solar Manufacturers are Diving Into EPC Business to Utilize Their Own Modules

Smaller Solar Manufacturers are Diving Into EPC Business to Utilize Their Own Modules

Manufacturers see better margins with in-house EPC for small solar projects About 40 small manufacturers have either just started or plan to begin EPC services Small module makers find EPC ...
Avaada, Tata Power Led Solar Installations in 1H 2022, Adani and ReNew Top Cumulatively

Avaada, Tata Power Led Solar Installations in 1H 2022, Adani and ReNew Top Cumulatively

India's installed utility-scale solar capacity breached the 50-GW mark in August 2022, 9.7 GW shy of meeting the government-set target of installing 60 GW by 2022, according to Mercom's India ...
India's Solar Market Leaders for 1H 2022

India’s Solar Market Leaders for 1H 2022

Mercom India has released its report, India Solar Market Leaderboard 1H 2022, unveiling solar market leaders in the first half (1H) of the calendar year (CY) 2022. The report covers ...
/ / Mercom Research Focus, Solar
Uniform Solar Tariff Idea Faces Pushback from Intermediaries like SECI, NVVN

Uniform Solar Tariff Plan Expected to Expedite Power Purchase Agreements

(The article has been modified based on new information) The proposed system for a ‘Uniform Solar Tariff’ under a central pool (ISTS-connected projects) is aimed at persuading reluctant state-owned power ...
/ / Mercom Research Focus, Solar
India’s Solar Power Generation Rises by 36% YoY to 70.2 BU in 9M 2022

India’s Solar Power Generation Rises by 36% YoY to 70.2 BU in 9M 2022

India generated around 70.24 billion units (BU) of solar power in the first nine months (9M) of the calendar year (CY) 2022, a 36% increase compared to 51.67 BU during ...
Developers Fear Unfair State-Specific Levies will Make Solar More Expensive

Developers Fear Unfair State-Specific Levies will Make Solar More Expensive

Madhya Pradesh's new levy on solar developers selling power to entities other than the state distribution companies (DISCOMs) has confirmed the industry's fear that more states are formulating laws to ...
/ / Mercom Research Focus, Solar
Solar’s Share in the Installed Power Capacity Mix Rises to 14.7% at the End of Q3 2022

Solar’s Share in the Installed Power Capacity Mix Rises to 14.7% at the End of Q3 2022

India’s installed renewable energy capacity, including large hydro projects, stood at 163.7 GW, accounting for a 40.3% share of the overall power capacity mix at the end of the third ...
CERC Yet to Act on ISTS Charges Waiver for Open Access Solar Proposed by Ministry of Power

CERC Yet to Act on ISTS Charges Waiver for Open Access Renewables Proposed by Ministry of Power

Nearly a year after the Ministry of Power (MOP) extended the timeline and widened the scope for waiver of the interstate transmission system (ISTS) charges for renewable energy projects, the ...
Pooling Wind Power Bids a Good Idea but More Clarity Needed

Pooling Wind Power Bids a Good Idea but More Clarity Needed

The government is contemplating pooling of bids across the states to boost wind energy installations which have fallen off since 2017. Falling tariffs under the reverse auction regime have pushed ...
Government Shuts Door on Solar Projects Hoping for Concessional Import Duty

Government Shuts Door on Solar Projects Hoping for Concessional Import Duty

The government has amended the Project Import Regulations, 1986 to specifically exclude solar power projects from the purview of the law, effectively shutting down a legal route for developers to ...
Corporate Funding for Energy Storage Firms Up 69% YoY to $22 Billion in 9M 2022

Corporate Funding for Energy Storage Firms Up 69% YoY to $22 Billion in 9M 2022

Global corporate funding for energy storage, smart grid, and energy efficiency companies in the first nine months (9M) of 2022 increased to $25 billion compared to $15.1 billion raised in ...
Smaller Solar Module Manufacturers Find it Challenging to Raise Capital

Smaller Solar Module Manufacturers Find it Challenging to Raise Capital

Module manufacturers are scrambling to add capacity and upgrade technology after the government effectively barred imports. While large and established companies say capital is available in the market for expansion, ...
Corporate Funding for Solar Down 18% YoY with $18.7 Billion in 9M 2022

Corporate Funding for Solar Down 18% YoY with $18.7 Billion in 9M 2022

Total corporate funding, including venture capital funding, public market, and debt financing, for the solar sector in the first nine months (9M) 2022 stood at $18.7 billion, 18% lower than ...
Wind Installations in India Grew by 129% YoY with 878 MW Added in Q3 2022

Wind Installations in India Grew by 129% YoY with 878 MW Added in Q3 2022

India installed 878 MW of wind capacity in the third quarter (Q3) of 2022, a 129% year-over-year (YoY) increase compared to 384 MW installed in the same period last year ...
Future Uncertain but Open Access and Net Metering Projects Still Attractive Despite ALMM

Future Uncertain but Open Access and Net Metering Projects Still Attractive Despite ALMM

The widely expected relief for net metering and open access projects has failed to materialize after the September 30 deadline was allowed to expire without an extension from the government ...
Solar Tenders Rose with 14 GW As Auctions Slid to 3.75 GW in Q3 2022

Solar Tenders Rose with 14 GW As Auctions Slid to 3.75 GW in Q3 2022

Various government agencies floated solar tenders totaling approximately 14 GW in the third quarter (Q3) of the calendar year (CY) 2022, an increase of 56% compared to the previous quarter, ...
Virtual PPA Market Yet to Gain Traction Amid Regulatory Confusion

Virtual PPA Market Yet to Gain Traction Amid Regulatory Confusion

Almost a year after a jurisdictional dispute involving two regulators was settled, virtual power purchase agreements (VPPA) have not quite hit the ground running despite their promise. VPPAs, which don’t ...
/ / Mercom Research Focus, Solar