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 ...
E-Tendering Portals Show Digitalization is the Future for India’s Solar Industry

E-Tendering Portals Show Digitalization is the Future for India’s Solar Industry

The ongoing COVID-19 crisis has accentuated the need to automate and digitalize practices and processes in the renewable energy sector. There is enormous potential for the industry to adopt smarter ...
VC funding for Battery Energy Storage Companies Was up 78% With $661 Million in Q3

VC funding for Battery Energy Storage Companies Was up 78% With $661 Million in Q3

Global corporate funding (including venture capital funding, public market, and debt financing) for the battery storage, smart grid, and energy efficiency sectors was up 165% in the third quarter of ...
Solar Tenders Rise by 14% as Auctions Decline in Q3 2020

Solar Tenders Rise by 14% as Auctions Decline in Q3 2020

The government agencies announced about 6.3 GW of tenders in the third quarter Q3 of the calendar year (CY) 2020, an increase of 14% compared to the previous quarter, according ...
Solar Project Acquisition Activity Up 52% YoY in First Nine Months of 2020

Solar Project Acquisition Activity Up 52% YoY in First Nine Months of 2020

Mercom Capital Group's latest 9M and Q3 2020 Solar Funding and M&A Report showed that total corporate funding – including venture capital (VC) funding, public market, and debt financing jumped 43% ...
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 ...
Investments in India’s Solar Sector Declined Significantly in Q2

Investments in India’s Solar Sector Declined Significantly in Q2

Investments in the Indian solar sector stood at approximately $100 million (~₹7.46 billion) in the second quarter of 2020 (Q2 2020), down 90% from the previous quarter, according to Mercom's ...
/ / Mercom Research Focus, Other
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 ...