Implications of COVID-19 lockdown on Indian solar industry

Implications of COVID-19 Lockdown on Indian Solar Industry

The outbreak of COVID-19 has brought the world to a standstill, disrupting businesses globally. To fight the outbreak, the Government of India ordered a complete lockdown from March 24, 2020, ...
Mercom Coronavirus Live Updates_ Effect on Clean Energy in India

Mercom Coronavirus Live Updates: Effect on Clean Energy in India

The impact of Coronavirus has finally reached the Indian clean energy sector. Mercom had forecasted solar installations in India to grow by 17% year-over-year due to a strong pipeline of ...
/ / Mercom Research Focus, Other
Indian Solar Industry Confronts Coronavirus Crisis

Indian Solar Industry Confronts Coronavirus Crisis

The Coronavirus pandemic is proving to be the solar industry’s biggest challenge this year, and the repercussions are being felt across industries all over the globe. Global supplies have been ...
Inferior Backsheets Will Cut the Life of Solar Projects

Inferior Backsheets Will Cut the Life of Solar Projects

Solar project development in India has always been very competitive due to the reverse auction process and also lately because of tariff caps, which forces developers to bid unrealistically low ...
Cochin Port Tenders a 350 kW Rooftop Solar Project at its Premises

Impact of Basic Customs Duty on Solar Cells and Modules: Winners and Losers

Basic customs duty (BCD) on the import of solar cells and modules was announced at 20% in the Union Budget for 2020-21. While the exemption on this duty remains in ...
MNRE Mulls Removal of Tariff Caps for Solar and Wind Tenders

MNRE Mulls Removal of Tariff Caps for Solar and Wind Tenders

According to industry sources, in a meeting with the developers of solar and wind projects, the Ministry of New and Renewable Energy (MNRE) has proposed the removal of tariff caps, ...
/ / Mercom Research Focus, Other
Robotic Cleaning of Solar Modules Gaining Traction in India Amid Water Scarcity

Robotic Cleaning of Solar Modules Gaining Traction in India Amid Water Scarcity

Water is a scarce commodity in a country of nearly 1.4 billion people, and the use of water in energy generation is a big concern. The rise of solar and ...
Budget 2020 Allocates ₹220 Billion to Power & Renewable Energy Sector, Empowers Consumers

Budget 2020 Allocates ₹220 Billion to Power & Renewable Energy Sector, Empowers Consumers

Amid the ongoing economic slowdown, the Union Budget 2020-21 has tried to instill hope in the investors and taxpayers. The Finance Minister Nirmala Sitharaman presented the Union Budget 2020-21 in ...
What the Indian Solar Industry Wants from Budget 2020

What the Indian Solar Industry Wants from Budget 2020

On February 1st, the NDA government will present its 2020 budget. Considering the present state of the economy and the renewable industry, the upcoming budget can be a great opportunity ...
Privatizing DISCOMs the Way Out of their Financial Mess

Privatizing DISCOMs the Way Out of their Financial Mess

The Indian power sector has been reeling under enormous financial pressure over the last few decades. Distribution companies (DISCOMs), a crucial part of the power sector, have been at the ...
First Loss Protection Can Open up Third-Party Rooftop Solar Market

First Loss Protection Can Open up Third-Party Rooftop Solar Market

The rooftop solar market slowed down significantly in 2019 along with regulatory hurdles and the overall downturn in the economy – it has yet to recover. Because of the liquidity ...
Solar Projects are Helping Generate Income, Create Jobs and New Skills in Rural Areas

Solar Projects are Helping Generate Income, Create Jobs and New Skills in Rural Areas

The development of large solar power projects in rural areas usually gets a bad rap as it is associated with issues like land grabbing, deforestation, and disruption of the rural ...
Indian Solar Industry Optimistic Going Into 2020

Indian Solar Industry Optimistic Going Into 2020

After a somewhat disappointing year, the domestic solar industry’s hopes are pinned on 2020. Towards the end of 2019, Mercom revised its estimates for the calendar year (CY) 2019 down ...
Solar Project Developers Still Waiting for Safeguard Duty Reimbursement

Solar Project Developers Still Waiting for Safeguard Duty Reimbursement

To protect domestic cell and module manufacturers, a 25% safeguard duty was announced on solar cell and module imports from China and Malaysia for the period between July 30, 2018, ...
/ / Mercom Research Focus, Other
Letter of Credit Has not Been Effective as Payment Security for Solar Developers

Letter of Credit Has not Been Effective as Payment Security for Solar Developers

To tackle the risks related to delays in payments to independent power producers, the Ministry of Power (MoP) recently mandated state-owned distribution companies (DISCOMs) to issue a letter of credit ...
Solar Tender, Auction & Commissioning Delays Causing Liquidity Issues for Developers

Solar Tender, Auction & Commissioning Delays Causing Liquidity Issues for Developers

According to several solar developers Mercom interacted with recently, there was unanimous agreement that the cost of participating in large-scale solar tenders has reduced their ability to actively bid for ...
/ / Mercom Research Focus, Other
New Guidelines Restrict Short-term Equity Investment in Solar Projects

New Guidelines Restrict Short-term Equity Investment in Solar Projects

In an amendment to the competitive bidding guidelines for procuring power from grid-connected solar PV projects, issued by the MNRE in July 2019, it was noted that the project developers need to maintain a controlling shareholding of 51% in the SPV or project company executing the PPA. ...
/ / Mercom Research Focus, Other
Accurate Forecasting of Renewable Generation a Tough Task for Solar & Wind Developers

Accurate Forecasting of Renewable Generation a Tough Task for Solar & Wind Developers

With India’s target to install 175 GW of renewables by 2022, the share of renewables is only going to grow, making the grid integration of these intermittent renewable resources into ...
/ / Mercom Research Focus, Other
Tariff Adoption Delays are Hurting Investments and Jobs in the Solar Sector

Tariff Adoption Delays are Hurting Investments and Jobs in the Solar Sector

According to Section 63 of the Electricity Act 2003, authorities such as the state electricity regulatory commissions (SERCs) are expected to adopt tariffs that have been discovered through a transparent ...
/ / Mercom Research Focus, Other
Solar MSMEs are Not Benefiting from Safeguard Duty and Domestic Content Rules

Solar MSMEs are Not Benefiting from Safeguard Duty and Domestic Content Rules

Over the past year and a half, the government has launched several policy measures to support the domestic solar manufacturing industry — these range from the imposition of a safeguard ...
Has Safeguard Duty Created a Market for Domestic Small-Scale Solar Manufacturers_

Has Safeguard Duty Created a Market for Domestic Small-Scale Solar Manufacturers?

In July 2018, the Directorate General of Trade Remedies (DGTR) recommended a safeguard duty on cells and modules imported from China and Malaysia, which upended the solar supply chain in ...
Removal of 1 MW Cap on Net Metering Crucial for India’s Rooftop Solar Growth

Removal of 1 MW Cap on Net Metering Crucial for India’s Rooftop Solar Growth

The rooftop solar market in India has been growing steadily over the last five years. According to the recent Q2 2019 India Solar market update published by Mercom India, cumulative ...
/ / Mercom Research Focus, Other
Who Will Drive India’s Two and Three-Wheeled EV Segment_

Who Will Drive India’s Two and Three-Wheeled EV Segment?

India’s electric mobility revolution is just beginning. The electric vehicle (EV) market in India is buoyant amid increasing policy support from the government. The adoption of EVs in the country ...
/ / Mercom Research Focus, Other
Is Unconditional Letter of Credit the Answer to Solar, Wind Payment Issues_

Is Unconditional Letter of Credit the Answer to Solar, Wind Payment Issues?

Cases of payment delays to renewable generators have become common and on the rise. However, the Ministry of Power has given these developers a shot in the arm by introducing ...
/ / Mercom Research Focus, Other
India’s E-Commerce Industry_ Untapped Market for Rooftop Solar

India’s E-Commerce Industry: Untapped Market for Rooftop Solar

The Jawaharlal Nehru National Solar Mission (JNNSM) has a solar capacity installation goal of 100 GW by 2022. The target requires 40 GW to be installed using rooftop solar. Currently, ...