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 ...
Cost of Large-Scale, Rooftop Solar Systems Rise Slightly in Q4 2020

Cost of Large-Scale, Rooftop Solar Systems Rise Slightly in Q4 2020

The average cost of large-scale solar projects stood at about ₹35.3 million (~$488,255)/MW as of the fourth quarter of 2020 (Q4 2020), according to Mercom's recently released 2020 Q4 & Annual ...
India Adds 3.2 GW of Solar in 2020 a 56% Decline as COVID Takes a Toll

India Adds 3.2 GW of Solar in 2020, a 56% Decline as COVID Takes a Toll

India installed 3,239 MW of solar capacity in the calendar year (CY) 2020, a 56% decline, compared to 7,346 MW in 2019, according to the latest 2020 Q4 & Annual ...
/ / Mercom Research Focus, Other
Developers Say ISTS Waiver Extension Inevitable, Highlight Other Pressing Issues

Developers Say ISTS Waiver Extension Inevitable, Highlight Other Pressing Issues

Renewable energy projects commissioned on or before June 30, 2023, have a waiver on inter-state transmission system (ISTS) charges and losses. But most of these projects are yet to sign ...
Wind Installations up 70% in the Fourth Quarter of 2020

Wind Installations up 70% in the Fourth Quarter of 2020

Wind installations in India were up nearly 70% in the fourth quarter of 2020 (Q4 2020), with about 500 MW of capacity added compared to 295 MW installed in the ...
Solar Generation in Q4 2020 11% Higher from Previous Quarter, Up 26% Annually

Solar Generation in Q4 2020 9% Higher from Previous Quarter, Up 26% Annually

In Q4 2020, the country generated about 14.2 billion units (BU) of solar power compared to 12.9 BU in the previous quarter. The data showed that solar generation was returning ...
Solar is the New King as Installed Capacity Surpasses Wind

Solar is the New King as Installed Capacity Surpasses Wind

The share of solar power in India’s installed power capacity mix reached 10.3%, exceeding that of wind-based power sources for the first time, according to Mercom’s data. The share of ...
Open Access Solar Installations Increased by 56% in 2020 Despite Challenges

Open Access Solar Installations Increased by 56% in 2020 Despite Challenges

The total installed capacity in the open access (OA) market as of December 2020 stood at almost 4 GW, with a project development pipeline of over 1 GW, according to ...
India’s Renewable Power Installations Reached 138 GW at the End of 2020

India’s Renewable Power Installations Reached 138 GW at the End of 2020

The overall share of renewable energy (including large hydro projects) in the country’s installed power capacity mix stood at 138.27 GW, with a total share of 36.7% at the end ...
Solar Auctions Were Up in 2020 Despite the Pandemic, Tenders Activity Declined

Solar Auctions Were Up in 2020 Despite the Pandemic, Tenders Activity Declined

2020 was not great for India's solar sector, which was adversely affected by the COVID-19 pandemic, which slowed down the development activity. The ongoing projects came to a grinding halt, ...
/ / Solar, Tenders & Auctions
Solar Sector Sees Broad-based Recovery, Funding Rises by 24% in 2020

Solar Sector Sees Broad-based Recovery, Funding Rises by 24% in 2020

The global corporate funding into the solar sector - including venture capital (VC), private equity (PE), debt financing, and public market financing - increased 24% to $14.5 billion in 2020 ...
Top Five States for Utility-Scale Solar Installations in 2020 [Infographics]

Top Five States for Utility-Scale Solar Installations in 2020 [Infographics]

Cumulative utility-scale solar installations in India at the end of December 2020 stood at 34 GW, according to Mercom India Research. Installations were slow for most of the year due ...
Solar Industry Executives Weigh in On Growth Prospects and Outlook for 2021

Solar Industry Executives Weigh in On Growth Prospects and Outlook for 2021

With a tumultuous year behind it, the Indian solar industry has much to look forward to in 2021. The country has a robust solar project pipeline, and investors are optimistic ...
2020 A Look Back_ Developments that Shaped the Solar Sector

2020 A Look Back: Developments that Shaped the Solar Sector

2020 took off with high expectations, with Mercom projecting over 8 GW in solar installations for the year right before the COVID-19 pandemic hit. After the lockdown in March, development ...
/ / Mercom Research Focus, Other
Top Five Solar Tenders of 2020 [Infographics]

Top Five Solar Tenders of 2020 [Infographics]

According to Mercom India Research, nearly 36.2 GW of solar tenders were floated during the year – a testament to the sector's resilience amid the COVID-19 crisis even as other ...
After a Lull in Q2, Investments in Indian Solar Sector Up by 170% in Q3 2020

After a Lull in Q2, Investments in Indian Solar Sector Up by 170% in Q3 2020

Investments in the Indian solar sector rose by 170% and stood at approximately $270 million (~₹19.9 billion) in the third quarter of 2020 (Q3 2020), compared to $100 million (~₹7.4 ...
/ / Mercom Research Focus, Other
Is Production Linked Incentive the Solution to Boost Domestic Solar Manufacturing_

Is Production Linked Incentive the Solution to Boost Domestic Solar Manufacturing?

The lack of financial and policy incentives to the domestic solar component manufacturing ecosystem is one of the primary factors holding back its growth, according to industry stakeholders. This may ...
/ / Manufacturing, Solar
Cost of Large-Scale and Rooftop Solar Projects Rose Slightly in Q3 2020

Cost of Large-Scale and Rooftop Solar Projects Rose Slightly in Q3 2020

The average cost of large-scale solar projects stood at about ₹34.5 million (~$466,468)/MW as of the third quarter of 2020 (Q3 2020), according to Mercom’s recently released Q3 2020 India Solar ...
Solar Installations in India Picked Up Speed With 438 MW Added in Q3 2020

Solar Installations in India Picked Up Speed With 438 MW Added in Q3 2020

India added 438 MW of solar in the third quarter of 2020 (Q3 2020), a 114% rise over last quarter's 205 MW, according to Mercom India Research's newly released Q3 2020 ...
Sungrow, FIMER, Sineng Were Major Solar Inverter Suppliers to India in 1H 2020

Sungrow, FIMER, Sineng Were Major Solar Inverter Suppliers to India in 1H 2020

Sungrow, FIMER India (formerly ABB), and Sineng Electric were top solar inverter suppliers overall to the Indian solar market in the first half (1H) of the calendar year (CY) 2020, ...
LONGi, Jinko, Adani_ India's Largest Solar Module Suppliers in First Half of 2020

LONGi, Jinko, Adani: India’s Largest Solar Module Suppliers in First Half of 2020

LONGi Solar, Jinko Solar, and Adani emerged as the top three solar modules suppliers in India in the first half (1H) of the calendar year (CY) 2020. According to Mercom's ...
/ / Mercom Research Focus, Other
Tata, Fourth Partner, and CleanMax Emerge as Leading Rooftop Solar Installers in 1H 2020

Tata, Fourth Partner, and CleanMax Emerge as Leading Rooftop Solar Installers in 1H 2020

Tata Power Solar, Fourth Partner Energy, and CleanMax emerged as the top rooftop solar installers in India in the first half (1H) of the calendar year (CY) 2020, according to ...
/ / Mercom Research Focus, Other
Hero, SB Energy, Aditya Birla_ Top Utility-Scale Solar Developers in First Half of 2020

Hero, SB Energy, Aditya Birla: Top Utility-Scale Solar Developers in First Half of 2020

Hero Future Energies, SB Energy (SoftBank), and Aditya Birla emerged as the top utility-scale solar project developers in India in terms of installed capacity in the first half (1H) of ...
Here Are India’s Solar Market Leaders for 1H of 2020

Here Are India’s Solar Market Leaders for 1H of 2020

Mercom India Research released its latest India Solar Market Leaderboard 1H 2020, which reveals the Indian solar industry's market leaders, from the first half (1H) of the calendar year (CY) ...
/ / Mercom Research Focus, Other
Solar Imports in Q3 Down 77% From Last Year

Solar Imports in Q3 Down 77% From Last Year

According to the latest trade data, India’s solar imports were 77% lower than the same period last year, which saw $598.1 million (~₹42.2 billion) of imports. However, solar imports rose ...