Here are the Top Global Large-Scale Solar Developers in the World

Here are the Top Global Large-Scale Solar Developers in the World

Mercom Capital Group has released a new report revealing the top 10 global large-scale solar PV developers. Adani Green Energy was the top solar photovoltaics (PV) developer in the world ...
Average Cost of Large-Scale and Rooftop Solar Projects Fell in Q2 2020

Average Cost of Large-Scale and Rooftop Solar Projects Fell in Q2 2020

The average large-scale solar project cost was approximately ₹34 million (~$455,532)/MW in the second quarter (Q2) 2020, a decline of 10% from the same period last year, according to Mercom’s ...
Solar Auctions Rise, Tenders Fall in Q2 2020

Solar Auctions Rise, Tenders Fall in Q2 2020

Government agencies announced nearly 6 GW of solar tenders during the second quarter of 2020 (Q2 2020), a 58% decline compared to 13.4 GW in the previous quarter, according to ...
India Installs Just 205 MW of Solar Capacity in Q2 2020

India Installs Just 205 MW of Solar Capacity in Q2 2020

India added only 205 MW of solar capacity in the second quarter of 2020 (Q2 2020), an 81% decline from the previous quarter's 1,090 MW of additions. The findings were ...
French Solar Developer Technique Solaire Raises $29 Million to Expand its Portfolio

French Solar Developer Technique Solaire Raises $29 Million to Expand its Portfolio

Technique Solaire, a France-based solar developer, announced that it had raised €25 million (~$29.3 million) from its partners Bpifrance and Crédit Agricole Group. This marks the second round of funding for the company ...
/ / Finance and M&A, Solar
Power Finance Corporation Gives ₹23.89 Million to IIT-Kanpur for Smart Grid Research

Power Finance Corporation Gives ₹23.89 Million to IIT-Kanpur for Smart Grid Research

The Power Finance Corporation Limited (PFC Limited) has signed a Memorandum of Association (MoA) with the Indian Institute of Technology – Kanpur (IIT-K) for training, research, and entrepreneurship development in ...
/ / Grid, Smart Grid
India’s Solar Imports Plunged by 83% in Q2 2020

India’s Solar Imports Plunged by 83% in Q2 2020

Indian solar imports declined by 83% in the second quarter (Q2) of the calendar year (CY) 2020, totaling $69 million (₹5.15 billion) as compared to $399 million (₹29.7 billion) during ...
Solar’s Share in India’s Installed Power Capacity Mix Inched Up to 9.9% During Q2 2020

Solar’s Share in India’s Installed Power Capacity Mix Inched Up to 9.9% During Q2 2020

Renewable energy’s share (including large hydro projects) inched up to 36.3% during the second quarter of 2020 (Q2 2020), up about 0.1% from the previous quarter, according to the data ...
Battery Energy Storage Companies Received $536 Million in VC Funding in 1H of 2020

Battery Energy Storage Companies Received $536 Million in VC Funding in 1H of 2020

Global VC funding (venture capital, private equity, and corporate venture capital) for battery storage, smart grid, and efficiency companies in the first half (1H) of 2020 was down by 51% ...
Wind Power Installations in CY Shrink by 82% YoY

Wind Power Installations in Second Quarter of CY 2020 Shrink by 82% YoY

India installed 136 MW of wind power projects in the second quarter (Q2 2020) of the calendar year (CY), data from the Ministry of New and Renewable Energy (MNRE) showed ...
Corporate Funding for Solar Slid Globally in 1H 2020 But, It Could Have Been Worse

Corporate Funding for Solar Slid Globally in 1H 2020 But, It Could Have Been Worse

Total corporate funding – including venture capital (VC) funding, public market, and debt financing – dipped 25% to $4.5 billion (~₹336.09 billion) in the first half of 2020 (1H 2020) ...
2022 Deadline for ISTS Waiver Not Enough for Solar Projects Stuck in Limbo Amid COVID-19

2022 Deadline for ISTS Waiver Not Enough for Solar Projects Stuck in Limbo Amid COVID-19

The coronavirus crisis has disrupted the momentum in all segments of the renewable industry. The Ministry of Power’s (MoP) waiver on Interstate Transmission System (ISTS) charge is currently only applicable ...
Top Five States for Utility-Scale Solar Installations [Infographics]

Top Five States for Utility-Scale Solar Installations [Infographics]

During the first quarter of 2020, 886 MW of large-scale solar projects were installed in India, accounting for 82% of overall solar installations, according to Mercom India Research’s Q1 2020 ...
What Value Will ALMM Listing Add to the Solar Industry_

What Value Will ALMM Listing Add to the Solar Industry?

The Ministry of New and Renewable Energy’s (MNRE) proposal to implement its ‘Approved Lists of Models and Manufacturers’ (ALMM) order has raised more questions than it has answered. Why has ...
India’s Solar Imports Nosedive in Q1 2020 Amid Lockdown Due to COVID-19

India’s Solar Imports Nosedive in Q1 2020 Amid Lockdown Due to COVID-19

India’s solar imports fell by 77% year-over-year (YoY) in the first quarter (Q1) of the calendar year (CY) 2020 with $151 million (~₹10.8 billion) compared to $650 million (₹45.8 billion) ...
Despite COVID-19, About $7 Billion Worth of Solar Tenders Announced in Q1

Despite COVID-19, About $7 Billion Worth of Solar Tenders Announced in Q1

While the global pandemic continues to affect the solar industry around the world, India announced 14 GW of solar tenders. Despite the pandemic, about 3.5 GW of solar projects were ...
Five Lowest Solar Bids Recorded in 2019 [Infographics]

Five Lowest Solar Bids Recorded in 2019 [Infographics]

India’s solar industry is extremely price-sensitive, where the difference of a single penny can make a difference. Over 16 GW of solar projects were auctioned in 2019, and the lowest ...
Investments in Indian Solar Sector Declined 66% YoY to $970 Million in Q1 Amid COVID-19

Investments in Indian Solar Sector Declined 66% YoY to $970 Million in Q1 Amid COVID-19

Investments in the Indian solar industry totaled $970 million (~₹72.9 billion) in the first quarter (Q1) of 2020, according to Mercom’s Q1 2020 India Solar Market Update. Investments were 66% ...
COVID-19 Disrupts India’s Solar Growth, Installations Decline to 1.1 GW in Q1 2020

COVID-19 Disrupts India’s Solar Growth, Installations Decline to 1.1 GW in Q1 2020

India installed 1,080 MW of solar capacity in the first quarter (Q1) of 2020, a 43% decline quarter-over-quarter (QoQ), compared to 1,897 MW installed in Q4 2019. The findings were ...
Huawei, Sungrow, and TBEA Were the Leading Solar Inverter Suppliers to India in CY 2019

Huawei, Sungrow, and TBEA Were the Leading Solar Inverter Suppliers to India in CY 2019

In the calendar year (CY) 2019, Huawei, emerged as the lead supplier of inverters to the Indian solar market overall, followed by Sungrow and TBEA Energy. ABB and TMEIC rounded ...
Tata Power Solar, Fourth Partner Energy, Azure Power_ Top Rooftop Solar Installers in 2019

Tata Power Solar, Fourth Partner Energy, Azure Power: Top Rooftop Solar Installers in 2019

Tata Power Solar, Fourth Partner Energy, and Azure Power emerged as the top solar rooftop installers in India in the calendar year (CY) 2019, according to Mercom’s India Solar Market Leaderboard ...
ReNew Power, NLC India, and Azure Power, Top Utility-Scale Solar Developers in 2019

ReNew Power, NLC India, and Azure Power, Top Utility-Scale Solar Developers in 2019

ReNew Power, NLC India, and Azure Power emerged as the top utility-scale solar project developers in India in terms of installed capacity in the calendar year (CY) 2019, according to ...
Solar Power Generation in India Sees the Lowest YoY Increase in FY 2019-20

Solar Power Generation in India Sees the Lowest YoY Increase in FY 2019-20

According to the data released by the Central Electricity Authority (CEA), solar-generated electricity accounted for 50.1 billion units (BU) in FY 2019-20. This shows a growth of 28% year-over-year (YoY) ...
Solar Tender Announcements Dipped 45% in April While Auctions Rose

Solar Tender Announcements Dipped 45% in April While Auctions Rose

Tender activity in April 2020 was down 45% from March. According to Mercom’s India Solar Tender Tracker, around 3.6 GW of solar projects were announced in April, compared to over 8 ...
Mercom Reveals India’s Solar Market Leaders in CY 2019

Mercom Reveals India’s Solar Market Leaders in CY 2019

Mercom India Research has released a data report, India Solar Market Leaderboard 2020, which reveals the solar industry market leaders that emerged during the calendar year (CY) 2019. The report features ...
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