Solar Sector Pins Hopes on Budget 2023, Here’s the Long Wish List

Solar Sector Pins Hopes on Budget 2023, Here’s the Long Wish List

The solar sector has a long wish list for the Union Budget 2023, which will be presented in a few days. Stakeholders look forward to Finance Minister Nirmala Sitharaman announcing ...
SECI's Green Energy Open Access Foray Worries Private Developers 

SECI’s Green Energy Open Access Foray Worries Private Developers 

The government-owned renewable energy intermediary procurer Solar Energy Corporation of India (SECI) will soon enter the market for delivering renewable energy solutions through open access to the commercial and industrial ...
/ / C&I, Mercom Research Focus, Solar
Indian Solar Module Manufacturing Capacity to Reach 95 GW by 2025

Indian Solar Module Manufacturing Capacity to Reach 95 GW by 2025

India's solar photovoltaic (PV) module manufacturing capacity exceeded 39 GW at the end of September 2022 and is expected to reach ~95 GW by the end of the calendar year ...
Energy Storage Sector Upbeat For 2023 Despite Cost, Supply Chain Challenges

Energy Storage Sector Upbeat for 2023 Despite Cost, Supply Chain Challenges

India’s renewable energy growth plans are closely tied to energy storage to mitigate the intermittency of renewable sources as the country strives to meet the rising round-the-clock (RTC) clean energy ...
India's Wind Installations Increased 8% YoY to 229 MW in Q4 2022

India’s Wind Installations Increased 8% YoY to 229 MW in Q4 2022

Total wind capacity installations in India increased year-over-year (YoY) by 8%, with 229 MW added in the fourth quarter (Q4) of 2022 against 212 MW installed during Q4 2021. However, ...
Solar Project Tenders and Auctions Witness a Steady Decline in Q4 2022

Capacity of Solar Projects Tendered and Auctioned Decline in Q4 2022

Solar tenders floated by various agencies in India declined 32% quarter-over-quarter (QoQ) to 9.7 GW in the fourth quarter (Q4) of 2022 from 14 GW, according to Mercom India Research ...
Project Finance Brief: Nautilus Acquires 54 MW Solar Projects in New York

Solar Companies Raise a Record $7 Billion in Venture Capital Funding in 2022

Global corporate funding for solar companies, including from venture capital, private equity, debt financing, and public markets, amounted to $24.1 billion in 2022, a decrease of 13% year-over-year (YoY). However, ...
Industry Expects Electric Vehicle Sales to Build on Blockbuster 2022

Industry Expects Electric Vehicle Sales to Build on Blockbuster 2022

The electric vehicle (EV) industry is entering the new year on the back of blockbuster sales in 2022 when it clocked one million units, a growth of over 300%, as ...
Renewable Energy Can Boost Bottom Lines of Small Businesses

Renewable Energy Can Boost Bottom Lines of Small Businesses

Businesses in the commercial and industrial (C&I) segment often pay a heavy price by delaying the adoption of renewable energy as an alternative energy source. Although the economics of installing ...
Renewables Tender Trajectory Key to Mitigating Project Risks

Renewables Tender Trajectory Key to Mitigating Project Risks

Stakeholders in India’s renewables sector have called for a pre-determined calendar for tenders so that the resultant certainty can help companies plan their finances and manage supply chain constraints more ...
Mercom India’s Most Read News Stories from 2022

Mercom India’s Most Read News Stories from 2022

Here is a collection of the most-read news stories and in-depth articles of 2022. Most of the top stories this year were from the rooftop solar segment. Other popular themes among ...
Top States for Rooftop Solar Installations in 2022

Top States for Rooftop Solar Installations in 2022 [Infographics]

India’s cumulative rooftop solar installations reached ~8.3 GW at the end of the January-September period (9M), according to Mercom India Research’s latest available data. The full-year numbers for 2022 will ...
Five Lowest Solar Tariffs in 2022 [Infographics]

Five Lowest Solar Tariffs in 2022 [Infographics]

Auction activity was robust in 2022, with 111.48 GW of solar capacity projects going under the hammer in 274 auctions. The lowest tariff discovered in 2022 was ₹2.29 (~$0.028)/kWh, an ...
Mercom’s Most Impactful Interviews in 2022 – Here’s What Clean Energy Experts Said

Mercom’s Most Impactful Interviews in 2022 – Here’s What Clean Energy Experts Said

Mercom India conducted a series of exclusive interviews with top executives from the renewable energy sector, bringing out their insights and opinions on the industry and the way forward. Here ...
India’s Top Five Corporate Funding Deals by Solar Companies in 2022 Infographics

India’s Top Five Corporate Funding Deals by Solar Companies in 2022 [Infographics]

Large Indian renewable companies continued attracting various financing types from International investment groups in 2022. Here are the top five corporate funding deals in India during the year: Adani Green ...
Top Wind Energy Tenders in 2022

Top Wind Energy Tenders in 2022 [Infographics]

In 2022, a total of 8 GW of wind energy tenders were floated by various agencies, and 1.8 GW of wind projects were auctioned, according to Mercom India Research. Here ...
Top Wind-Solar Hybrid Tenders in 2022

Top Wind-Solar Hybrid Tenders in 2022 [Infographics]

In 2022, a total of 4 GW of wind-solar hybrid tenders were floated by various implementing agencies, out of which 2.2 GW were auctioned, according to Mercom India Research. Here ...
Explainer Why Have the New Regulations Made the Grid Unstable

Explainer: Why the New Regulations Have Made the Grid Unstable

Less than three weeks after the Central Electricity Regulatory Commission's (CERC) new regulation de-linked deviation charges and frequency, grid frequency swung wildly and dangerously on December 20, which spooked the ...
Lowest Wind and Hybrid Power Tariffs in 2022

Lowest Wind and Hybrid Power Tariffs in 2022 [Infographics]

The lowest tariff discovered in wind energy auctions in 2022 was ₹2.84 (~$0.036)/kWh, an increase of nearly 5.5% compared to the lowest tariff of ₹2.69 (~$0.038)/kWh quoted in the Tranche ...
Top Five Solar Tenders in 2022

Top Five Solar Tenders in 2022 [Infographics]

Nearly 30 GW of solar tenders were floated in 2022. Here is a curated list of top solar tenders from the year: #1 The largest tender floated in 2022 was ...
/ / Mercom Research Focus, Solar
Uttar Pradesh Open Access Market is Attracting New Interest

Uttar Pradesh Open Access Market is Attracting New Interest

Uttar Pradesh has begun to witness an increased interest from solar open access developers and consumers due to the wide-ranging and attractive concessions proposed for the sector in the solar ...
Major Events that Impacted the Solar Sector in 2022

Major Events that Impacted the Solar Sector in 2022

India installed a record 10 GW of new solar capacity during the first nine months of 2022, an increase of 35% year-over-year, according to Mercom India Research's Q3 2022 India ...
Andhra Pradesh Poised to Carry Solar Open Access Momentum into Future

Market Cautiously Optimistic About Andhra Pradesh’s Open Access Solar Prospects

A revival of interest from the industry in Andhra Pradesh to source solar energy through open access has seen installations surge by 450% quarter-over-quarter (QoQ) to 75.3 MW in the ...
Polycrystalline Module Shortage Leaves Government Rooftop Solar Projects Stranded

Polycrystalline Module Shortage Leaves Government Rooftop Solar Projects Stranded

As module manufacturers rush to upgrade technology for supplying to captive domestic demand, a shortage of polycrystalline modules has been created in the domestic market, severely delaying government projects. Although ...
Karnataka Lead Solar Open Access Installations in Q3 2022

Karnataka Leads Solar Open Access Installations in Q3 2022

Karnataka was the top state for open access solar installations in the third quarter (Q3) of the calendar year (CY) 2022. The state was followed closely by Maharashtra, Tamil Nadu, ...
/ / Open Access, Solar