Month in a Minute Top Headlines from Indian Renewable Sector in May 2021

Month in a Minute: Top Headlines from Indian Renewable Sector in May 2021

Here is a recap of some of the most important headlines from May 2021: In the first quarter (Q1) of the calendar year (CY) 2021, India generated about 17.5 BU ...
/ / Other, Renewable Energy
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 ...
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 ...