Global Corporate Funding for Solar at a Record 10 Year High in 2021 with $27.8 Billion

Global Corporate Funding for Solar at a Record 10 Year High in 2021 with $27.8 Billion

Global corporate funding in the solar sector, including venture capital (VC) funding, private equity, public market, and debt financing, stood at a record ten-year high of $27.8 billion in 2021, ...
/ / Finance and M&A, Solar
High Landed Cost Detrimental to the Growth of Open Access Solar in Some States

High Landed Cost Detrimental to the Growth of Open Access Solar in Some States

Long-term open access (LTOA) solar offers an attractive proposition for high-tension (HT) industrial consumers. In most states, the tariffs for LTOA range from ₹3.50 (~$0.047)/kWh to ₹5 (~$0.067)/kWh. India installed ...
Uttar Pradesh Sold the Highest Amount of Electricity in Day-Ahead Market in Q2 2021

Uttar Pradesh Sold the Highest Amount of Electricity in Day-Ahead Market in Q2 2021

Uttar Pradesh sold the highest amount of power in the day-ahead market (DAM) in the second quarter (Q2) of 2021, accounting for 13.9% of all power sold in the quarter, ...
Top Five States for Utility-Scale Solar Installations in 2021 [Infographics]

Top Five States for Utility-Scale Solar Installations in 2021 [Infographics]

Cumulative utility-scale solar installations in India at the end of December 2021 stood at 41.5 GW, according to Mercom India Research. Here is a look at the top five markets for ...
/ / Mercom Research Focus, Other
Top Developments in the Indian Energy Storage Sector in 2021

Top Developments in the Indian Energy Storage Sector in 2021

India aims to have 500 GW of non-fossil fuel capacity by 2030. While renewable energy installations are steadily increasing, the country lacks adequate energy storage solutions to support the integration ...
/ / Mercom Research Focus, Other
Five Lowest Solar Tariffs in 2021 (Infographics)

Five Lowest Solar Tariffs in 2021 [Infographics]

Almost 20 GW of solar projects were auctioned in India in 2021. The lowest tariff discovered in these auctions was ₹2.14 (~$0.028)/kWh, an increase of nearly 8% compared to the ...
/ / Mercom Research Focus, Other
Top 5 Solar Tenders in 2021 [Infographics]

Top 5 Solar Tenders in 2021 [Infographics]

Nearly 28.7 GW of solar tenders were floated during 2021, with the sector steadily recovering from the second wave of the Covid-19. Two of the top five solar tenders floated ...
/ / Mercom Research Focus, Other
India Installed 1.3 GW of Rooftop Solar Capacity in 9M 2021

India Installed 1.3 GW of Rooftop Solar Capacity in 9M 2021

India added 448 MW of rooftop solar capacity, registering a 14% drop quarter-over-quarter (QoQ) in the third quarter (Q3) of the calendar year (CY) 2021, compared to 521 MW in ...
/ / Mercom Research Focus, Other
Solar Investments Up by 49% QoQ in Q3 2021 as Development Activity Picked Up Speed

Solar Investments Up by 49% QoQ in Q3 2021 as Development Activity Picked Up Speed

Investments in the Indian solar sector increased by 49%, in the third quarter (Q3) of the calendar year (CY) 2021, compared to Q2 2021. However, in a year-over-year (YoY) comparison, ...
/ / Mercom Research Focus, Other
Average Cost to Build Large-Scale Solar Projects Climbed by 23% YoY in Q3 2021

Average Cost to Build Large-Scale Solar Projects Climbed by 23% YoY in Q3 2021

The average cost of large-scale solar projects in the third quarter of 2021 (Q3 2021) was about ₹42.4 million (~$559,828)/MW, according to Mercom’s recently released Q3 2021 India Solar Market ...
/ / Mercom Research Focus, Other
India's Solar Installations Increased by 335% YoY with 7.4 GW Added in 9M 2021

India’s Solar Installations Increased by 335% YoY with 7.4 GW Added in 9M 2021

India added 2,835 MW of solar capacity in the third quarter (Q3) of the calendar year (CY) 2021, increasing by 14% compared to 2,488 MW installed in Q2 2021. The ...
Mahindra Susten, Vikram Solar, Belectric – Top Solar EPC Companies in 1H 2021

Mahindra Susten, Vikram Solar, BELECTRIC – Top Solar EPC Companies in 1H 2021

Mahindra Susten, Vikram Solar, and BELECTRIC were the top utility-scale solar engineering, procurement, and construction (EPC) service providing companies in the first half (1H) of the calendar year (CY) 2021, according to ...
/ / Mercom Research Focus, Other
Solar Surpasses Large Hydro in Installed Capacity (MW)

Solar Now the Top Renewable Energy Source, Surpasses Large Hydro

Solar is now the top renewable energy source in India, with 46.8 GW of installed capacity. Solar energy has overtaken large hydro, which had an installed capacity of 46.51 GW ...
/ / Mercom Research Focus, Other
Indian Solar Imports Surge 448% to $1.97 Billion in 9M 2021 as Installations Pickup

Indian Solar Imports Surge 448% to $1.97 Billion in 9M 2021 as Installations Pick Up

Imports of solar cells and modules increased by 448% to $1.97 billion in the first nine months (9M) of the calendar year (CY) 2021. India had imported solar cells and ...
/ / Mercom Research Focus, Other
Solar Generation Jumps 18% YoY to 51.67 BU in 9M 2021

Solar Generation Jumps 18% YoY to 51.67 BU in 9M 2021

India generated around 51.67 BU of solar power in the first nine months (9M) of the calendar year (CY) 2021, an 18% year-over-year (YoY) increase compared to 43.97 BU in ...
/ / Mercom Research Focus, Other
Sungrow, Sineng and TBEA – Top Solar Inverter Suppliers in 1H 2021

Sungrow, Sineng and TBEA – Top Solar Inverter Suppliers in 1H 2021

Sungrow, Sineng Electric, and TBEA Energy were the top solar inverter suppliers in the Indian solar market in the first half (1H) of the calendar year (CY) 2021, according to Mercom’s recently released India ...
/ / Inverters & BOS, Solar
Solar Makes Up for 11.8% of India’s Total Installed Power Capacity

Solar Makes Up for 11.8% of India’s Total Installed Power Capacity

India’s installed renewable energy (including large hydro projects) capacity stood at 147.8 GW, accounting for 38% in the overall power mix at the end of the third quarter (Q3) of ...
/ / Mercom Research Focus, Other
LONGi, Jinko and Adani – Top Solar Module Suppliers Capture 50% of the Market in 1H 2021

LONGi, Jinko and Adani – Top Solar Module Suppliers Capture 50% of the Market in 1H 2021

 LONGi Solar, Jinko Solar, and Adani Solar were the leading module suppliers to the Indian solar market in the first half (1H) of the calendar year (CY) 2021. The market ...
/ / Markets & Policy, Solar
Adani, Avaada, and Azure - Top Utility-Scale Solar Project Developers in 1H 2021

Adani, Avaada, and Azure – Top Utility-Scale Solar Project Developers in 1H 2021

Adani Solar, Avaada Energy, and Azure Power have emerged as the top utility-scale solar project developers in the first half (1H) of the calendar year (CY) 2021, according to Mercom’s India ...
Tata Power, Fourth Partner, Amplus, Orb Energy - Top Rooftop Solar Installers in 1H 2021

Tata Power, Fourth Partner, Amplus, Orb Energy – Top Rooftop Solar Installers in 1H 2021

Tata Power Solar, Fourth Partner Energy, Amplus Solar, and Orb Energy were the top rooftop solar installers in India in the first half of the calendar year (CY) 2021, according ...
India's Solar Market Leaders Revealed for the First Half of 2021

India’s Solar Market Leaders Revealed for the First Half of 2021

Mercom India Research has released its latest India Solar Market Leaderboard 1H 2021. The report reveals the Indian solar industry's market leaders from the first half (1H) of the calendar year ...
Corporate Funding for Battery Storage Companies Jumps to a Record $11.4 Billion in 9M 2021

Corporate Funding for Battery Storage Companies Jumps to a Record $11.4 Billion in 9M 2021

Global corporate funding, including venture capital (VC) funding, public market and debt financing for battery storage, smart grid, and efficiency companies in the first nine months (9M) of 2021, was ...
Strategies for Large-Scale Solar Project Development

Strategies for Large-Scale Solar Project Development

The Indian solar industry grew during the second Covid-19 wave as installations increased despite the lockdowns imposed by several states. However, the industry continues to battle uncertainties due to higher ...
/ / Solar, Utility Scale
Daily News Wrap-Up: Pfizer to Buy Solar Power From a 310 MW Project in Texas

Corporate Funding for Solar Up 190% YoY With $22.8 Billion in 9M 2021

Global corporate funding in the sector, including venture capital (VC) funding, public market, and debt financing, stood at $22.8 billion in 112 deals in the first nine months (9M) of ...
Wind Installations in India Rise by 101% with 1.24 GW Added in 9M 2021

Wind Installations in India Rise by 101% with 1.24 GW Added in 9M 2021

India installed 384 MW of wind capacity in the third quarter (Q3) of 2021, a 30% year-over-year (YoY) increase compared to 295 MW installed in the same period last year ...