India's Solar Industry is Betting BIG on 2022

India’s Solar Industry is Betting BIG on 2022

The challenges during the year notwithstanding, 2021 turned out to be one of the better years for the Indian solar industry. The outlook for 2022 looks promising, according to stakeholders ...
Top Developments That Shaped the Electric Vehicle Industry in 2021

Top Developments That Shaped the Electric Vehicle Industry in 2021

India’s electric vehicle (EV) policies announced by the Union government and state governments saw established EV players accelerate manufacturing even as several startups entered the market in 2021. As of ...
/ / Electric Vehicles, Grid
Top Developments in the Indian Energy Storage Sector in 2021

Top Developments in the Indian Energy Storage Sector in 2021

India aims to have 500 GW of non-fossil fuel capacity by 2030. While renewable energy installations are steadily increasing, the country lacks adequate energy storage solutions to support the integration ...
/ / Mercom Research Focus, Other
Renewable Energy Sector Attracts $1 Billion in FDI in the First Half of FY 2021-21

Renewable Energy Sector Attracts $1 Billion in FDI in the First Half of FY 2021-21

The foreign direct investment (FDI) in India's renewable energy sector stood at $1.03 billion (~₹77.55 billion) for the first half (1H) of the financial year (FY) 2021-22. The renewable sector ...
/ / Finance and M&A, Other
EV Charging Startup Exponent Energy Raises $5 Million in Pre-Series A Round

EV Charging Startup Exponent Energy Raises $5 Million in Pre-Series A Round

Electric vehicle (EV) charging startup Exponent Energy has secured $5 million in its pre-series A round of funding. The round was led by YourNest VC, with participation from 3one4 Capital, ...
DFC Approves $500 Million Debt Finance for First Solar’s 3.3 GW Module Plant in India

DFC Approves $500 Million Debt Finance for First Solar’s 3.3 GW Module Plant in India

The U.S. International Development Finance Corporation (DFC) has approved $500 million of debt financing to First Solar to set up a 3.3 GW vertically integrated solar module manufacturing facility in ...
/ / Finance and M&A, Solar
Global Renewable Electricity Additions Set to Reach 290 GW in 2021: IEA

Global Renewable Electricity Additions Set to Reach 290 GW in 2021: IEA

Despite rising costs for critical materials used to make solar panels and wind turbines, almost 290 GW of new renewable power projects will be commissioned in 2021, a 3% year-over-year ...
/ / Other, Renewable Energy
Month in a Minute: Top Headlines from Indian Renewable Sector in November 2021

Month in a Minute: Top Headlines from Indian Renewable Sector in November 2021

Here is a recap of some of the most important headlines from November 2021: Solar is now the top renewable energy source in India, with 46.8 GW of installed capacity ...
/ / Other, Renewable Energy
Share of Battery in Energy Storage Sector in MENA to Jump to 45% from the Current 7%

Round-The-Clock Renewable Energy Projects with Battery Storage are the Future

Renewable energy supply round-the-clock (RTC) with the help of battery storage overcomes the intermittency associated with solar and wind, which generate energy only when there is enough sunshine and wind ...
/ / Mercom Research Focus, Other
Over 165,000 EVs Deployed With ₹5.64 Billion Incentives Under FAME-II Program

Over 165,000 EVs Deployed with ₹5.64 Billion Incentives Under FAME-II Program

As of November 25, 2021, over 165,000 electric vehicles (EVs) have been supported through demand incentives of ₹5.64 billion (~$75.36 million) under the second phase of the Faster Adoption and ...
India Needs 38 GW of 4-Hour Battery Storage to Integrate 450 GW of Renewables by 2030: Study

India Needs 38 GW of 4-Hour Battery Storage to Integrate 450 GW of Renewables by 2030: Study

In a joint study, Finnish power conglomerate Wartsila and consulting firm KPMG have said that supply-side flexibility is needed at the pan-India level to integrate 450 GW of renewables by 2030 efficiently ...
Daily News Wrap-Up: Germany Pledges €1.2 Billion to Help India Fight Climate Change

Daily News Wrap-Up: Germany Pledges €1.2 Billion to Help India Fight Climate Change

Here are some noteworthy cleantech announcements of the day from around the world: Germany has announced more than €1.2 billion (~$1.34 billion) worth of commitments to aid India in its ...
/ / Other, Renewable Energy
Indian Solar Imports Surge 448% to $1.97 Billion in 9M 2021 as Installations Pickup

Indian Solar Imports Surge 448% to $1.97 Billion in 9M 2021 as Installations Pick Up

Imports of solar cells and modules increased by 448% to $1.97 billion in the first nine months (9M) of the calendar year (CY) 2021. India had imported solar cells and ...
/ / Mercom Research Focus, Other
India Constitutes 81% of South Asian Sales of Off-grid Solar Products in 1H 2021 GOGLA

India Constitutes 81% of South Asian Sales of Off-grid Solar Products in 1H 2021: GOGLA

The Global Off-Grid Lighting Association (GOGLA) has reported that close to 3.5 million off-grid solar lighting products were sold globally in the first half (1H) of 2021, a 4% decrease ...
/ / Markets & Policy, Off-grid
India Ranked 10 in the Climate Change Performance Index 2022 Report

India Ranked 10 in the Climate Change Performance Index 2022 Report

India maintained its 10th rank and continued to be among the top-performing countries within the Group of 20 in the Climate Change Performance Index (CCPI) 2022 report. Published annually since ...
/ / Other, Renewable Energy
Solar Generation Jumps 18% YoY to 51.67 BU in 9M 2021

Solar Generation Jumps 18% YoY to 51.67 BU in 9M 2021

India generated around 51.67 BU of solar power in the first nine months (9M) of the calendar year (CY) 2021, an 18% year-over-year (YoY) increase compared to 43.97 BU in ...
/ / Mercom Research Focus, Other
India’s Transition to a Net-Zero Economy Offers $15 Trillion Investment Opportunity

India’s Transition to a Net-Zero Economy Offers $15 Trillion Investment Opportunity

India’s transition towards a net-zero economy can contribute over $1 trillion by 2030 and $15 trillion by 2070 in economic impact, the World Economic Forum (WEF) has said in a ...
/ / Other, Renewable Energy
Consultants Invited to Study Feasibility of Captive Solar Projects at HPCL Sites

Consultants Invited to Study Feasibility of Captive Solar Projects at HPCL Sites

Hindustan Petroleum Corporation Limited (HPCL) has invited bids from consultants for a feasibility study to develop solar projects for captive use on vacant lands at its operating locations across the ...
/ / Solar, Tenders & Auctions
India's Peak Power Deficit Down from 16.6% in FY 2008 to 0.4% in FY 2021: Ministry of Power

India’s Peak Power Deficit Down from 16.6% in FY 2008 to 0.4% in FY 2021: Ministry of Power

India reduced its peak power deficit from 16.6% in financial year (FY) 2008 to 0.4% in FY 2021, backed by several policy and infrastructure interventions, according to the Ministry of ...
/ / Grid, Market & Policy
Daily News Wrap-Up: NTPC Commissions an 80 MW Solar Project in Rajasthan

Daily News Wrap-Up: NTPC Commissions an 80 MW Solar Project in Rajasthan

Here are some noteworthy cleantech announcements of the day from around the world: NTPC Limited announced that it had commissioned the first part capacity of 80 MW of the 160 ...
/ / Other, Renewable Energy
India Aims to Become Carbon Neutral by 2070, Sets 500 GW Non-Fossil Energy Target for 2030

India Aims to Become Carbon Neutral by 2070, Sets 500 GW Non-Fossil Energy Target for 2030

India aims to become a net-zero economy by 2070 and has set a target of installing a non-fossil energy capacity of 500 GW by 2030, Prime Minister Narendra Modi said ...
/ / Other, Renewable Energy
Reliance's REC Acquisition Could Reduce Indian Solar Developers' Dependence on Imports

Reliance’s REC Acquisition Could Reduce Indian Solar Developers’ Dependence on Imports

Solar developers and module manufacturers believe Reliance Group's recent solar acquisitions will help India provide an alternative to Chinese products. In June 2021, Mukesh Ambani, Chairman of Reliance Industries, announced that Reliance ...
A Robust Domestic Solar Manufacturing Ecosystem Key to Overcoming Supply Disruptions

A Robust Domestic Solar Manufacturing Ecosystem Key to Overcoming Supply Disruptions

The Government of India is focusing on increasing the domestic manufacturing capacity of solar cells and modules to meet the high demand by solar developers and minimize reliance on Chinese ...
/ / Markets & Policy, Solar
Lenders Reluctant to Finance Rooftop Solar Due to Lack of Resale Market

Lenders Reluctant to Finance Rooftop Solar Due to Lack of Resale Market

Mercom hosted a virtual conference, 'Mercom India Solar Forum 2021'on October 21, 2021. In one of the sessions titled 'Rooftop Solar – Demand is Up Despite Policy Restrictions,' the experts ...
/ / Markets & Policy, Solar
Rooftop Solar Segment on a Path to Recovery Despite Challenges

Rooftop Solar Segment on a Path to Recovery Despite Challenges

India installed 521 MW of rooftop solar capacity in the second quarter (Q2) of the calendar year (CY) 2021, an increase of 53% quarter-over-quarter (QoQ), the highest for any quarter, ...
/ / Markets & Policy, Solar