India Installs 521 MW of Rooftop Solar Capacity in Q2 2021, the Highest in a Quarter

India Installs 521 MW of Rooftop Solar Capacity in Q2 2021, the Highest in a Quarter

India marked a 53% quarter-over-quarter (QoQ) increase in rooftop solar installations in the second quarter (Q2) of 2021, the highest for any quarter, with 521 MW installations compared to 341 ...
/ / Mercom Research Focus, Other
Tariffs of Manufacturing-Linked Solar Projects Reduced to ₹2.54/kWh from ₹2.92/kWh

Tariffs of Manufacturing-Linked Solar Projects Reduced to ₹2.54/kWh from ₹2.92/kWh

The tariff of ₹2.92 (~$0.04)/kWh discovered in the manufacturing-linked solar projects auction held in January last year has now been reduced to ₹2.54 (~$0.034)/kWh. Adani Green Energy (AGEL) and Azure ...
/ / Mercom Research Focus, Other
Average Cost to Build Large-Scale Solar Rises by 12% Year-Over-Year

Average Cost to Build Large-Scale Solar Rises by 12% Year-Over-Year

According to Mercom’s recently released Q2 2021 India Solar Market Update, the average cost of large-scale solar projects in the second quarter of 2021 (Q2 2021) was ₹38.6 million (~$529,036)/MW. The ...
/ / Mercom Research Focus, Other
India’s Solar Capacity Additions Grew By 251% With 4.6 GW Added in 1H 2021

India’s Solar Capacity Additions Grew by 251% With 4.6 GW Added in 1H 2021

The second quarter (Q2) of the calendar year (CY) 2021 brought some good news for the solar sector, with India adding 2,488 MW of solar capacity, an increase of 19% ...
Guaranteed Offtake the Reason for Success of MSEDCL’s 500 MW Solar Tender

Guaranteed Offtake the Reason for Success of MSEDCL’s 500 MW Solar Tender

Stakeholders in the solar industry believe that tariffs in upcoming solar auctions are likely to settle around ₹2.50 (~$0.034)/kWh, given the spike in module and commodity prices. Developers are bracing ...
Indian Solar Imports and Exports in 1H Back to Pre-Pandemic Levels

Indian Solar Imports and Exports in 1H Back to Pre-Pandemic Levels

Imports of solar cells and modules surged by a staggering 1,000% in the second quarter (Q2) of the calendar year (CY) 2021, totaling $762 million (~₹56.6 billion) as compared to ...
/ / Mercom Research Focus, Other
Corporate Funding for Battery Storage Firms Jumps to $9.6 Billion in 1H 2021

Corporate Funding for Battery Storage Firms Jumps to $9.6 Billion in 1H 2021

Global corporate funding, including venture capital (VC) funding, public market, and debt financing for battery storage, smart grid, and efficiency companies in the first half (1H) of 2021, was up ...
Solar’s Share in India’s Installed Power Capacity Rises to 11.2%

Solar’s Share in India’s Installed Power Capacity Rises to 11.2%

India’s installed renewable energy (including large hydro projects) capacity stood at 143.9 GW, accounting for a share of 37.4% in the overall power mix at the end of the second ...
Corporate Funding for Solar Surges by 193% Globally in 1H 2021

Corporate Funding for Solar Surges by 193% Globally in 1H 2021

Global corporate funding in the solar sector, including venture capital (VC) funding, debt and public market financing, stood at $13.5 billion in the first half (1H) of 2021, a 193% ...
Solar Tender Activity up Year-over-Year in Q2 While Auctions Slowed

Solar Tender Activity Up Year-over-Year in Q2 While Auctions Slowed

According to Mercom India Research, government agencies announced tenders for 8.5 GW of solar projects in the second quarter (Q2) of the calendar year (CY) 2021, a 19% decrease compared to ...
Wind Installations up 25% QoQ in the First Quarter of 2021

Wind Installations up 25% QoQ in the First Quarter of 2021

Wind installations in India in the first quarter of 2021 (Q1 2021) were up by 25% quarter-over-quarter (QoQ), with 623 MW added compared to 500 MW installed in the previous ...
/ / Wind
419 MW of Open Access Solar Projects Installed in Q1 2021

419 MW of Open Access Solar Projects Installed in Q1 2021

India’s open access solar installations totaled 419 MW in the first quarter (Q1) of 2021, while the cumulative solar installations in the open access market have reached 4.3 GW as ...
Higher Module Prices Raise Cost of Large-Scale, Rooftop Solar Systems in Q1 2021

Higher Module Prices Raise Cost of Large-Scale, Rooftop Solar Systems in Q1 2021

The average cost of large-scale solar projects first quarter of 2021 (Q1 2021) was about ₹36.6 million (~$505,308)/MW, according to Mercom’s recently released Q1 2021 India Solar Market Update. The cost ...
Investments in Indian Solar Sector Fell by 30% QoQ in Q1 2021

Investments in Indian Solar Sector Fell by 30% QoQ in Q1 2021

The investments in the Indian solar sector declined by 30% and stood at $1.04 billion (~₹76 billion) in the first quarter (Q1) of the calendar year (CY) 2021, compared to ...
India’s Solar Installations Up 88% in Q1 2021 With 2.05 GW

India’s Solar Installations Up 88% YoY in Q1 2021 With 2.05 GW

India added 2,056 MW of solar in the first quarter (Q1) of 2021, a 37% increase quarter-over-quarter (QoQ), compared to 1,505 MW installed in the fourth quarter of 2020. These ...
Solar Imports Up 72% YoY in Q1 2021, Exports Show a Marginal Drop of 19%

Solar Imports Up 72% YoY in Q1 2021, Exports Show a Marginal Drop of 19%

In the first quarter (Q1) of the calendar year (CY) 2021, India imported solar cells and modules amounting to $259 million (~₹18.93 billion), a 132% increase compared to Q4 CY 2020 ...
Covid-19 How the Solar Industry is Handling the Second Wave

Covid-19: How the Solar Industry is Handling the Second Wave

The second Covid-19 surge is wreaking havoc in India, with cases surpassing six figures daily. Although India has not declared a nationwide lockdown, several states where the cases have peaked ...
LONGi, Jinko, and Adani: Top Solar Module Suppliers to India in 2020

LONGi, Jinko, and Adani: Top Solar Module Suppliers to India in 2020

In the calendar year (CY) 2020, the top ten module suppliers accounted for nearly 68% of the market share. LONGi Solar, Jinko Solar, and Adani Solar were the top three ...
Adani, Hero Future Energies, and SB Energy Top Utility-Scale Solar Developers in 2020

Adani, Hero Future Energies, and SB Energy: Top Utility-Scale Solar Developers in 2020

Large-scale solar projects accounted for 78% of the total installations in India with 2.52 GW in 2020. While the industry is upbeat about the prospects in 2021, the second wave ...
The Indian Solar Markets’ Top Players in 2020

The Indian Solar Markets’ Top Players in 2020

Solar installations in the calendar year (CY) 2020 totaled 3.2 GW, a 56% decline compared to 7.3 GW of capacity added in 2019. The Covid-19 outbreak brought the solar industry ...
Solar Assets in Demand, Corporate Funding Rises by 21% in Q1 2021

Solar Assets in Demand, Corporate Funding Rises by 21% in Q1 2021

The global corporate funding for the solar sector, including venture capital (VC) funding, public market, and debt financing, totaled $8.1 billion in 36 deals in Q1 2021, an increase of ...
India's Solar Installations Reach 40 GW Milestone

India’s Solar Installations Reach 40 GW Milestone

India's cumulative solar installations have hit the 40 GW milestone, according to Mercom India Research. As of February 2021, the country's total installations comprised 34.9 GW of utility-scale solar installations and ...
Solar and EV Sectors to Prop Up Silver Demand as Prices Roll Off Eight -Year High Hit in February (1)

Solar and EV Sectors to Prop Up Silver Demand as Prices Roll Off Eight-Year High Hit in February

The solar photovoltaic and electric vehicle sectors have been a steady source of silver demand over the past decade. The demand is expected to continue in the coming years as ...
REC Market Counting on RPO Compliance Deadline Extension Amidst Trading Halt

REC Market Counting on RPO Compliance Deadline Extension Amidst Trading Halt

As the power market awaits the end of an over seven-month halt in the trading of renewable energy certificates (REC), stakeholders remain hopeful of a deadline extension from their respective ...
Investments in the Indian Solar Sector Declined by 66% in 2020

Investments in the Indian Solar Sector Declined by 66% in 2020

Investments in the Indian solar sector declined by 66% and stood at approximately $2.8 billion (~₹203.17 billion) in the calendar year (CY) 2020, compared to $8.2 billion (~$595.02 billion) in ...