mercom-research-focus

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ALMM, Strong Demand Drive India’s Solar Panel Manufacturing Capacity to 25.3 GW in 2024

India added 25.3 GW of solar module capacity and 11.6 GW of solar cell capacity in calendar year (CY) 2024, according to Mercom’s recently released State of Solar...

April 8, 2025

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Melvin Mathew

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Manufacturing

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Mercom Research Focus

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Solar
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Government Tightens Solar Cell Manufacturing Norms

The Ministry of New and Renewable Energy (MNRE) has mandated that only solar cells manufactured using undiffused wafers will qualify under the Domestic Content...

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The Top Five States for Solar Open Access Installations in CY 2024

India installed 6.9 GW of solar open access capacity in the calendar year 2024, 77% more than the 3.9 GW installed in 2023, a record for annual capacity additions,...

April 3, 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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Average Cost of Large-Scale Solar Projects Down 8% YoY in Q4 2024

In the fourth quarter (Q4) of calendar year (CY) 2024, the average cost of large-scale solar power projects in India fell over 8% year-over-year (YoY), according to...

March 20, 2025

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Ajayan J S

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Mercom Research Focus

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Solar
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Solar Developers Fear Module Price Hikes After Import Duties on Solar Glass

Solar project developers anticipate a rise in module prices to drive up overall project costs following the recent import duties on solar glass. Recently, the Ministry...

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India Adds 6.9 GW of Solar Open Access Capacity in 2024

India added 6.9 GW of solar open access capacity in 2024, a 77% year-over-year (YoY) increase from 3.9 GW, according to the newly-released Mercom India Q4 & Annual...

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Module Serial Number Glitch Slowing PM Surya Ghar Rooftop Solar Installations

Integration of the Domestic Content Requirement (DCR) verification portal with the PM Surya Ghar: Muft Bijli Yojana portal and stringent solar module verification...

March 6, 2025

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Melvin Mathew

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Mercom Research Focus

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Rooftop

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Solar
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India’s Rooftop Solar Installations Reach a Record 3.2 GW in 2024

India installed 3.2 GW of rooftop solar capacity in 2024, an 86% increase from 2023, according to Mercom India Research’s newly released Q4 & Annual 2024 India...

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Capacity Additions Drive India’s Solar Power Generation Up 18% in 2024

India’s solar power generation rose nearly 18% year-over-year (YoY) to 133.8 billion units (BU) in 2024 from 113.4 BU, according to data published by the Central...

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India’s Installed Wind Capacity Rose 45% YoY in Q4 2024

India added over 800 MW of wind power capacity in the fourth quarter (Q4) of calendar year (CY) 2024, up 45.1% year-over-year (YoY) from 551 MW. The capacity additions...

January 31, 2025

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Sowndhiga U

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Mercom Research Focus

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Wind
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Energy Storage Firms Secure $19.9B in Corporate Funding, M&A Activity Up

According to Mercom Capital Group’s newly released Annual and Q4 2024 Funding and M&A Report for Storage & Grid, corporate funding for energy storage companies,...

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Utility-Scale Solar Tenders and Auctions in India Reach New Peak in 2024

Bid invitations for utility-scale solar projects in calendar year (CY) 2024 surpassed annual tender announcements of all previous years. Several entities floated tenders...

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Center and States Must Align Better for Accelerated Solar Open Access Growth

There is a remarkable shift in the adoption of renewable energy in India, particularly with solar open access growing as a compelling choice for commercial and...

January 22, 2025

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Tina Freese

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Mercom Research Focus

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Open Access

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Solar
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Corporate Funding in the Solar Sector Dropped 24% YoY in 2024

Global corporate funding in the solar sector in 2024 reached $26.3 billion, a 24% year-over-year (YoY) decline from $34.4 billion, according to Mercom’s Annual and Q4...

January 21, 2025

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Melvin Mathew

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Mercom Research Focus

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Solar
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Financial Incentives, Policy Support Top Solar Industry’s 2025 Budget Wishlist

As India’s renewable energy sector continues to grow, the spotlight is on Finance Minister Nirmala Sitharaman as she prepares to present the Union Budget 2025. As...

January 21, 2025

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Arjun Joshi

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Mercom Research Focus

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Solar

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