SNS Corporation, Strolar, and ISHKON - Leading Solar Mounting Suppliers in 2021

SNS Corporation, Strolar, and ISHKON – Leading Solar Mounting Suppliers in 2021

In the calendar year (CY) 2021, SNS Corporation, Strolar, and ISHKON Industries were the top three module mounting structure suppliers in the Indian solar market. Arctech and Voltas rounded off ...
Top EPC Companies in 2021 - Sterling and Wilson, Siemens Gamesa, and Tata Power

Top Utility-Scale Solar EPC Companies in 2021 – Sterling and Wilson, Siemens Gamesa, and Tata Power

Sterling and Wilson, Siemens Gamesa, and Tata Power Solar were the top utility-scale solar engineering, procurement, and construction (EPC) service providing companies in the calendar year (CY) 2021, according to ...
Sungrow, Sineng Electric, and FIMER India - Top Inverter Suppliers in 2021

Sungrow, Sineng Electric, and FIMER India – Top Solar Inverter Suppliers in 2021

Sungrow, Sineng Electric, FIMER India (ABB), Ginlong (Solis) Technologies, and GoodWe were the top five solar inverter suppliers in the Indian solar market in the calendar year (CY) 2021, according to ...
ReNew, Adani Green, and Azure Were Top Utility-Scale Solar Developers in 2021

ReNew, Adani Green, and Azure Were Top Utility-Scale Solar Developers in 2021

India added 10 GW of solar capacity in the calendar year (CY) 2021, making it the best year for the solar sector. The installations marked a 210% year-over-year (YoY) growth, ...
The Indian Solar Markets’ Top Players in 2021

The Indian Solar Markets’ Top Players in 2021

Mercom India Research has released its latest report, India Solar Market Leaderboard 2022, which reveals the solar industry market leaders for the calendar year 2021. The report features the industry’s leaders, ...
India’s Solar Generation Up 27% YoY to 22 Billion Units in Q1 2022

India’s Solar Generation Up 27% YoY to 22 Billion Units in Q1 2022

India generated approximately 22 billion units (BU) of solar power in the first quarter (Q1) of the calendar year 2022, a 30% quarter-over-quarter increase compared to 17 BU generated in ...
Rajasthan Becomes the First 10 GW Solar State

Rajasthan Becomes the First 10 GW Solar State

Rajasthan became the first state in India to surpass 10 GW of cumulative large-scale solar installations, as per Mercom’s India Solar Project Tracker. The state has a total of 32.5 ...
Share of Solar Rises to 13.2% of India’s Total Installed Power Capacity

Share of Solar Rises to 13.2% of India’s Total Installed Power Capacity

India’s installed renewable energy capacity, including large hydro projects, stood at 155.26 GW, accounting for a 39% share of the overall power mix at the end of the first quarter ...
India Adds 275 MW of New Wind Capacity in Q1 2022; Gujarat Leads

India Adds 275 MW of New Wind Capacity in Q1 2022; Gujarat Leads

India added 275 MW wind power capacity in the first quarter (Q1) of 2022, a 30% quarter-over-quarter (QoQ) increase compared to 212 MW installed in Q4 2021, bringing the cumulative ...
/ / Mercom Research Focus, Other
Corporate Funding for Battery Storage Companies Up by 222% in Q1 2022

Corporate Funding for Battery Storage Companies Up by 222% in Q1 2022

Global corporate funding for Battery Storage, Smart Grid, and Energy Efficiency companies in the first quarter (Q1) of 2022 stood at $13.3 billion, according to Mercom’s Q1 2022 Funding and ...
States with Favorable Energy Banking Policies See Growth in Open Access Solar

States with Favorable Energy Banking Policies See Growth in Open Access Solar

States with favorable energy banking policies witnessed considerable growth in open access solar installations in the calendar year (CY) 2021, as per the analysis published in Mercom India Research’s ‘Mercom ...
5 GW of Tenders Announced and 2.7 GW of Solar Projects Auctioned in Q1 2022

5 GW of Tenders Announced and 2.7 GW of Solar Projects Auctioned in Q1 2022

Various government agencies floated solar tenders totaling approximately 5 GW in the first quarter (Q1) of the calendar year (CY) 2022, a decrease of 18% compared to the previous quarter, ...
Low Landed Cost – A Must to Boost Open Access Solar Installations

Low Landed Cost – A Must to Boost Open Access Solar Installations

The low landed cost for open access was identified as one of the primary factors contributing to the growth of open access installations across India, as per Mercom’s India Solar ...
Open Access Solar Installations in India Up 222% YoY, With 1.2 GW New Capacity in 2021

Open Access Solar Installations in India Up 222% YoY, With 1.2 GW New Capacity in 2021

India added 1.2 GW of new solar open access capacity in the calendar year (CY) 2021, marking a growth of 222% year-over-year (YoY), making it the second-best year for open ...
Average Cost to Develop Large-Scale Solar Projects Up by 21.6% YoY in Q4 2021

Average Cost to Develop Large-Scale Solar Projects Up by 21.6% YoY in Q4 2021

The average cost of large-scale solar projects in the fourth quarter of 2021 (Q4 2021) was approximately ₹43 million (~$566,008)/MW, according to Mercom's recently released 2021 Q4 and Annual India ...
Solar Installations in India Reach 50 GW

Solar Installations in India Reach 50 GW

India's cumulative solar installations have hit the 50 GW milestone as of February 2022, according to Mercom India Research. The country's installations came from 43 GW of utility-scale solar and 7 ...
India Installed 1.7 GW of Rooftop Solar Capacity in 2021, the Highest-Ever for a Year

India Installed 1.7 GW of Rooftop Solar Capacity in 2021, the Highest-Ever in a Year

In calendar year (CY) 2021, India added 1.7 GW of rooftop solar, the highest-ever recorded in a calendar year. Installations were up 138% compared to 2020, according to Mercom India ...
India's Solar Installations Crossed a Record 10 GW Capacity in 2021

India’s Solar Installations Crossed a Record 10 GW Capacity in 2021

India installed a record 10 GW of new solar capacity in 2021, a big jump of 210% year-over-year (YoY) compared to 3.2 GW installed in 2020, according to Mercom India ...
/ / Mercom Research Focus, Other
India’s Solar Generation Up by 18% YoY to 68.77 BU in 2021

India’s Solar Generation Up by 18% YoY to 68.77 BU in 2021

India generated approximately 68.77 billion units (BU) of solar power in the calendar year (CY) 2021, an 18% year-over-year (YoY) increase compared to 58.19 BU generated in the previous year, ...
Solar Imports in 2021 Up by 641% YoY, Exports Rose 58%

Solar Imports in 2021 Up by 641% YoY, Exports Rose 58%

In 2021, India imported solar cells and modules worth $3.52 billion (~₹262.6 billion), an increase of 641% compared to 2020. In 2020, the Indian solar sector had imported solar modules ...
/ / Mercom Research Focus, Other
Solar Tenders Decrease, as Auctions Rise YoY in Q4 2021

Solar Tenders Decrease, as Auctions Rise YoY in Q4 2021

Solar tenders totaling approximately 6 GW were floated by various government agencies in the fourth quarter (Q4) of the calendar year (CY) 2021, an increase of 6% compared to 5.8 ...
Solar’s Share in India’s Installed Power Capacity Mix Increases to 12.4% as of Q4 2021

Solar’s Share in India’s Installed Power Capacity Mix Increases to 12.4% as of Q4 2021

India’s installed renewable energy capacity, including large hydro projects, stood at 150.4 GW, accounting for a share of 38.41% in the overall power mix at the end of the fourth ...
Approvals for Solar Open Access Under Group Captive Mode Hit a Snag

Approvals for Solar Open Access Under Group Captive Mode Hit a Snag

Solar developers are facing difficulties getting approval from distribution companies (DISCOMs) for solar open access projects under the group captive mode, especially in Rajasthan and Haryana. According to Mercom's Solar Open ...
Battery Storage Companies Raise $17 Billion in 2021, Highest Since 2014

Battery Storage Companies Raise $17 Billion in 2021, Highest Since 2014

Global corporate funding, including venture capital (VC), public market, and debt financing, for battery storage, smart grid, and energy efficiency companies stood at $19.5 billion in 2021, according to Mercom’s 2021 ...
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