mercom-research-focus

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Energy Storage Funding Declines in 1H 2025

Corporate funding for energy storage companies fell sharply in the first half (1H) of 2025 to $9.1 billion across 55 deals, according to Mercom Capital Group’s 1H and Q2...

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India’s Utility-Scale Solar Tender and Auction Activity Plunge in Q2 2025

Solar tender issuance in India fell sharply in the second quarter (Q2) of 2025. According to Mercom India Research, just 6.5 GW of solar tenders were announced—down 53....

August 11, 2025

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Sowndhiga U

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Mercom Research Focus

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Solar

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Utility Scale
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Renewable Energy Capacity in India’s Power Mix Reaches 48.3% in Q2 2025

India’s renewable energy capacity, including large hydroelectric projects, made up 48.3% of the country’s cumulative power capacity, with 234.2 GW installed at the end...

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India’s Solar Power Generation Rises 19.2% YoY in Q2 2025

India generated approximately 43 billion units (BU) of solar power in the second quarter (Q2) of the calendar year 2025, a 19.2% year-over-year (YoY) increase. Solar...

August 7, 2025

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Tarun Kothamasu

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Mercom Research Focus

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Solar
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Corporate Solar Funding Declines 39% YoY Amid Policy Uncertainties

Total global corporate funding for the solar sector dropped by 39% year-over-year (YoY) to $10.8 billion in the first half (1H) of 2025 from $17.6 billion, according to...

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India Added 341 MWh of Energy Storage Capacity in 2024

India installed over 341 MWh of battery energy storage systems (BESS) in 2024, marking an over sixfold increase from the 51 MWh installed in 2023, according to Mercom...

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Madhya Pradesh Emerges as a Key Market for Solar Open Access

In the first quarter (Q1) of 2025, Madhya Pradesh emerged as one of the leading states in adding solar open access capacity. With 121.5 MW installed, it recorded the...

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Maharashtra, Tamil Nadu, and Karnataka Lead Q1 Solar Open Access Installations

India added 1.1 GW of solar open access capacity in the first quarter (Q1) of 2025, down nearly 48% from 2.1 GW in Q4 2024. Installations were down 47% year-over-year...

June 27, 2025

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Tarun Kothamasu

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Mercom Research Focus

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Open Access

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Solar
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India’s Solar Exports Up 26%, Imports Surge 80.2% QoQ in Q1 2025

Indian solar module and cell exports increased 26.1% quarter-over-quarter (QoQ) to $267.6 million (~₹23.1 billion) in the first quarter (Q1) of 2025 from $212.2 million...

June 16, 2025

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Prabha P P

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Mercom Research Focus

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Solar
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Average Cost of Large-Scale Solar Projects Rose Marginally in Q1 2025

Large-scale solar project costs in India increased for the second consecutive quarter, according to Mercom’s  Q1 2025 India Solar Market Update, average project costs...

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Solar Module Mounting Structure Market Leaders in 2024

Goodluck India, Strolar Mounting Systems, Raydean Industries, Metalkraft, and MTE Structures were the top five module mounting structure suppliers to the Indian solar...

June 9, 2025

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Yogeshwaran M

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Mercom Research Focus

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Modules

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Solar
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Sungrow, TBEA, Sineng, FIMER, and Solis Lead Solar Inverter Supplies in 2024

Sungrow Power Supply, TBEA Energy India, Sineng Electric, FIMER India, and Ginlong (Solis) Technologies were the leading inverter suppliers in India for the calendar...

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Solar Open Access Capacity Additions in India Slump 48% QoQ in Q1

India’s solar open access capacity additions dropped 47% year-over-year (YoY) to 1.1 GW in the first quarter (Q1) of 2025 from over 2 GW, according to Mercom India’s Q1...

June 4, 2025

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Melvin Mathew

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Mercom Research Focus

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Open Access

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Solar
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Top Robotic Solar Module Cleaning Equipment Suppliers in 2024

Taypro, Langfang Sol-Bright New Energy Technology, Airtouch Solar, Vayu Solar, and LEAPTING were the top five robotic solar module cleaning equipment suppliers to the...

June 3, 2025

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Yogeshwaran M

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Mercom Research Focus

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Solar

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Technology
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Jinko, Waaree, LONGi, Trina, Adani Lead Solar Module Supply in 2024

Jinko Solar, Waaree Energies, LONGi Green Energy Technology, Trina Solar, and Adani Solar were the top solar module suppliers in 2024, according to Mercom’s recently...

June 2, 2025

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Prabha P P

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Mercom Research Focus

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Solar

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