Average Cost of Large-Scale Solar Projects up 19% Year-over-Year

Average Cost of Large-Scale Solar Projects up 19% Year-over-Year

The average cost of large-scale solar projects in the first quarter (Q1) of the calendar year (CY) 2022 was approximately ₹43.5 million (~$560,512)/MW, according to Mercom’s recently released Q1 2022 ...
Investments in the Indian Solar Sector Grow 154% YoY in Q1 2022

Investments in the Indian Solar Sector Grow 154% YoY in Q1 2022

Investments in the large-scale solar segment in the first quarter (Q1) of the calendar year (CY) 2022 were up by 154% compared to the same period last year. However, the ...
India's Solar Installations Rise in Q1 2022 to 3 GW

India’s Solar Installations Rise in Q1 2022 to 3 GW

India installed over 3 GW of solar capacity in the first quarter (Q1) of the calendar year (CY) 2022, a quarter-over-quarter (QoQ) increase of 21% compared to 2.6 GW installed ...
India Needs Just 14 GW to Meet the 60 GW by 2022 Large-Scale Solar Target

India Needs Just 14 GW to Meet the 60 GW Large-Scale Solar Target by 2022

India has installed 45.6 GW of utility-scale solar capacity to date, 14.4 GW shy of meeting the government-set target of installing 60 GW by 2022, according to Mercom’s India Solar ...
SNS Corporation, Strolar, and ISHKON - Leading Solar Mounting Suppliers in 2021

SNS Corporation, Strolar, and ISHKON – Leading Solar Mounting Suppliers in 2021

In the calendar year (CY) 2021, SNS Corporation, Strolar, and ISHKON Industries were the top three module mounting structure suppliers in the Indian solar market. Arctech and Voltas rounded off ...
LONGi, Jinko, and JA Solar Top the Module Suppliers List in 2021

LONGi, Jinko, and JA Solar Top the Module Suppliers List in 2021

LONGi Solar, Jinko Solar, JA Solar, Adani Solar, and Trina Solar were the leading module suppliers to the Indian solar market in the calendar year (CY) 2021. The three companies ...
Top EPC Companies in 2021 - Sterling and Wilson, Siemens Gamesa, and Tata Power

Top Utility-Scale Solar EPC Companies in 2021 – Sterling and Wilson, Siemens Gamesa, and Tata Power

Sterling and Wilson, Siemens Gamesa, and Tata Power Solar were the top utility-scale solar engineering, procurement, and construction (EPC) service providing companies in the calendar year (CY) 2021, according to ...
Tata Power Solar, Fourth Partner, Sunsure Were Leading Rooftop Solar Companies in 2021

Tata Power Solar, Fourth Partner, Sunsure Were Leading Rooftop Solar Companies in 2021

Tata Power Solar, Fourth Partner Energy, Sunsure Energy, Amplus Solar, and Jakson Solar emerged as the top solar rooftop companies in India in the calendar year (CY) 2021, according to Mercom's ...
Sungrow, Sineng Electric, and FIMER India - Top Inverter Suppliers in 2021

Sungrow, Sineng Electric, and FIMER India – Top Solar Inverter Suppliers in 2021

Sungrow, Sineng Electric, FIMER India (ABB), Ginlong (Solis) Technologies, and GoodWe were the top five solar inverter suppliers in the Indian solar market in the calendar year (CY) 2021, according to ...
ReNew, Adani Green, and Azure Were Top Utility-Scale Solar Developers in 2021

ReNew, Adani Green, and Azure Were Top Utility-Scale Solar Developers in 2021

India added 10 GW of solar capacity in the calendar year (CY) 2021, making it the best year for the solar sector. The installations marked a 210% year-over-year (YoY) growth, ...
The Indian Solar Markets’ Top Players in 2021

The Indian Solar Markets’ Top Players in 2021

Mercom India Research has released its latest report, India Solar Market Leaderboard 2022, which reveals the solar industry market leaders for the calendar year 2021. The report features the industry’s leaders, ...
India’s Solar Generation Up 27% YoY to 22 Billion Units in Q1 2022

India’s Solar Generation Up 27% YoY to 22 Billion Units in Q1 2022

India generated approximately 22 billion units (BU) of solar power in the first quarter (Q1) of the calendar year 2022, a 30% quarter-over-quarter increase compared to 17 BU generated in ...
Rajasthan Becomes the First 10 GW Solar State

Rajasthan Becomes the First 10 GW Solar State

Rajasthan became the first state in India to surpass 10 GW of cumulative large-scale solar installations, as per Mercom’s India Solar Project Tracker. The state has a total of 32.5 ...
Gujarat’s Largest Rooftop Solar Tender Has an Earnest Money Deposit Problem

Gujarat’s Largest Rooftop Solar Tender Has an Earnest Money Deposit Problem

Madhya Gujarat Vij Company Limited’s (MGVCL’s) empanelment tender, one of Gujarat’s largest, to install 1 GW of residential rooftop solar systems in urban and rural areas has hit a roadblock ...
Solar Module Imports Jump by 210% YoY to 10 GW in the First Quarter Before BCD Takes Effect

Solar Module Imports Jump by 210% YoY to 10 GW in the First Quarter Before BCD Takes Effect

Indian solar developers have procured 9.7 GW of solar modules in the first quarter (Q1) of 2022 and stockpiled them ahead of Basic Customs Duty (BCD) on solar cells and ...
Share of Solar Rises to 13.2% of India’s Total Installed Power Capacity

Share of Solar Rises to 13.2% of India’s Total Installed Power Capacity

India’s installed renewable energy capacity, including large hydro projects, stood at 155.26 GW, accounting for a 39% share of the overall power mix at the end of the first quarter ...
India Adds 275 MW of New Wind Capacity in Q1 2022; Gujarat Leads

India Adds 275 MW of New Wind Capacity in Q1 2022; Gujarat Leads

India added 275 MW wind power capacity in the first quarter (Q1) of 2022, a 30% quarter-over-quarter (QoQ) increase compared to 212 MW installed in Q4 2021, bringing the cumulative ...
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Corporate Funding for Battery Storage Companies Up by 222% in Q1 2022

Corporate Funding for Battery Storage Companies Up by 222% in Q1 2022

Global corporate funding for Battery Storage, Smart Grid, and Energy Efficiency companies in the first quarter (Q1) of 2022 stood at $13.3 billion, according to Mercom’s Q1 2022 Funding and ...
Floating Solar May Just be the Key to Unlock India’s Targeted Installed Solar Capacity

Floating Solar May Just be the Key to Unlock India’s Targeted Installed Solar Capacity

As a renewable source of energy, solar power is an essential pillar in India’s efforts to address climate change and achieve the ambitious goal of 280 GW of installed solar ...
Developers Bear the Cost of Mismatch in Long-Term Access & Solar Project Commissioning (1)

Developers Bear the Cost of Mismatch in Long-Term Access & Solar Project Commissioning

Renewable energy project developers have been burdened with delay charges imposed by the Central Transmission Utility of India (CTU) for the mismatch between the deployment of long-term access to transmission ...
States with Favorable Energy Banking Policies See Growth in Open Access Solar

States with Favorable Energy Banking Policies See Growth in Open Access Solar

States with favorable energy banking policies witnessed considerable growth in open access solar installations in the calendar year (CY) 2021, as per the analysis published in Mercom India Research’s ‘Mercom ...
5 GW of Tenders Announced and 2.7 GW of Solar Projects Auctioned in Q1 2022

5 GW of Tenders Announced and 2.7 GW of Solar Projects Auctioned in Q1 2022

Various government agencies floated solar tenders totaling approximately 5 GW in the first quarter (Q1) of the calendar year (CY) 2022, a decrease of 18% compared to the previous quarter, ...
Low Landed Cost – A Must to Boost Open Access Solar Installations

Low Landed Cost – A Must to Boost Open Access Solar Installations

The low landed cost for open access was identified as one of the primary factors contributing to the growth of open access installations across India, as per Mercom’s India Solar ...
Open Access Solar Installations in India Up 222% YoY, With 1.2 GW New Capacity in 2021

Open Access Solar Installations in India Up 222% YoY, With 1.2 GW New Capacity in 2021

India added 1.2 GW of new solar open access capacity in the calendar year (CY) 2021, marking a growth of 222% year-over-year (YoY), making it the second-best year for open ...
Average Cost to Develop Large-Scale Solar Projects Up by 21.6% YoY in Q4 2021

Average Cost to Develop Large-Scale Solar Projects Up by 21.6% YoY in Q4 2021

The average cost of large-scale solar projects in the fourth quarter of 2021 (Q4 2021) was approximately ₹43 million (~$566,008)/MW, according to Mercom's recently released 2021 Q4 and Annual India ...