India Adds over 7 GW of Solar in a Record First Half of 2022

India Adds Over 7 GW of Solar in a Record First Half of 2022

India installed over 3.9 GW of solar capacity in the second quarter (Q2) of the calendar year (CY) 2022, an increase of 18% compared to 3.3 GW installed in the ...
Utility-Scale Projects Critical to Achieving the Solar Target of 280 GW by 2030

Utility-Scale Projects Critical to Achieving the Solar Target of 280 GW by 2030

India installed over 3 GW of solar capacity in the first quarter (Q1) of the calendar year (CY) 2022. According to Mercom's Q1 2022 India Solar Market Update, large-scale installations ...
ReNew Energy Refinances its Dollar-Denominated Bonds from Indian NBFC

ReNew Energy Refinances its Dollar-Denominated Bonds from Indian NBFC

Renewable energy producer ReNew Energy Global announced that it had refinanced its 2024 maturity dollar-denominated bonds with amortizing project debt from an Indian non-banking financial company (NBFC). By refinancing the ...
Jharkhand Targets 4 GW of Solar Installations in Five Years, Issues New Policy

Jharkhand Targets 4 GW of Solar Installations in Five Years, Issues New Policy

Jharkhand has announced the new 'Jharkhand Solar Policy 2022', aiming to deploy a cumulative capacity of 4 GW in the state by 2026. The government intends to install 3 GW ...
Rajasthan to Allot 2,397 Hectares of Land to Adani for a 1 GW Solar Project

Rajasthan to Allot 2,397 Hectares of Land to Adani for a 1 GW Solar Project

The Rajasthan Cabinet has decided to allot 2,397.54 hectares of government land in Bandha village of Jaisalmer district to Adani Renewables’ special purpose vehicle — Adani Renewable Energy Holding Four, ...
/ / Solar, Utility Scale
India's Solar Installations Rise in Q1 2022 to 3 GW

India’s Solar Installations Rise in Q1 2022 to 3 GW

India installed over 3 GW of solar capacity in the first quarter (Q1) of the calendar year (CY) 2022, a quarter-over-quarter (QoQ) increase of 21% compared to 2.6 GW installed ...
India Needs Just 14 GW to Meet the 60 GW by 2022 Large-Scale Solar Target

India Needs Just 14 GW to Meet the 60 GW Large-Scale Solar Target by 2022

India has installed 45.6 GW of utility-scale solar capacity to date, 14.4 GW shy of meeting the government-set target of installing 60 GW by 2022, according to Mercom’s India Solar ...
Rays Experts to Commission 3 GW Solar Park in Rajasthan

Rays Experts to Commission 3 GW Solar Park in Rajasthan

Rays Experts, a Jaipur-based solar park developer, is set to commission what is claimed to be the world’s largest solar park with a capacity of 3 GW in Rajasthan. The ...
/ / Solar, Utility Scale
APAC Investment Firm PAG to Acquire First Solar's Projects in Japan

APAC Investment Firm PAG to Acquire First Solar’s Projects in Japan

Asia-Pacific investment firm PAG has agreed to acquire module manufacturer First Solar's 293 MW utility-scale solar projects and a 665 MW solar project operations and maintenance (O&M) platform in Japan ...
Global Renewable Capacity Additions to Breach 300 GW Mark in 2022 IEA

Global Renewable Capacity Additions to Breach 300 GW Mark in 2022: IEA

Renewable capacity addition in 2022 is expected to grow by 8% and breach the 300 GW mark for the first time, according to a report published by the International Energy ...
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, ...
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 ...
Consultancy Tender Issued to Develop Utility-Scale Renewable Projects in Barbados

Consultancy Tender Issued to Develop Utility-Scale Renewable Projects in Barbados

Inter-American Development Bank (IDB), a Washington-based development bank, and the Ministry of Energy and Business Development of Barbados have invited expressions of interest (EoI) to develop a competitive framework to ...
Growing Use of String Inverters in Utility-Scale Projects

Growing Use of String Inverters in Utility-Scale Projects

Inverters are critical to solar power generating systems, and string inverters are quickly catching up with central inverters in utility-scale projects in India. Although inverters account for roughly 5% of ...
/ / Markets & Policy, Solar
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 ...
Softbank’s Renewable Energy Platform Receives $600 Million Equity Investment from Ares

SoftBank’s Renewable Energy Platform Receives $600 Million Equity Investment from Ares

SB Energy, SoftBank Group's U.S. Climate Infrastructure Technology platform, announced that funds managed by the Infrastructure and Power strategy of Ares Management Corporation are leading a strategic equity investment of ...
/ / Finance and M&A, Other
Investments in the Indian Solar Sector Increased by 254% in 2021

Investments in the Indian Solar Sector Increased by 254% YoY in 2021

Investments in the Indian solar sector increased by an impressive 254% in the calendar year (CY) 2021 compared to CY 2020, according to Mercom India Research’s latest 2021 Q4 and ...
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
Daily News Wrap-Up: Green hydrogen Company Lhyfe Raises €17 million

Daily News Wrap-Up: Green Hydrogen Company Lhyfe Raises €17 Million

Here are some noteworthy cleantech announcements of the day from around the world: Green hydrogen company Lhyfe raised €17 million (~$19.51 million) from Andera Partners. This is Lhyfe's third fundraiser ...
/ / Other, Renewable Energy
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
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
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 ...
Rajasthan Is Now the Top Solar State in India with 8.2 GW of Installed Capacity

Rajasthan is Now the Top Solar State in India With 8.2 GW of Installed Capacity

Rajasthan is now the top state in solar installations overtaking Karnataka at the end of the third quarter of the calendar year (CY) 2021. At the end of September, the ...
Solar Investments in India Back to Pre-Pandemic Levels, Up 119% in Q2 2021

Solar Investments in India Back to Pre-Pandemic Levels, Up 119% in Q2 2021

The investments in the Indian solar sector increased by 119% quarter-over-quarter, with over $2 billion in the second quarter (Q2) of the calendar year (CY) 2021. However, in a year-over-year ...
/ / Mercom Research Focus, Other
India’s Solar Capacity Additions Grew By 251% With 4.6 GW Added in 1H 2021

India’s Solar Capacity Additions Grew by 251% With 4.6 GW Added in 1H 2021

The second quarter (Q2) of the calendar year (CY) 2021 brought some good news for the solar sector, with India adding 2,488 MW of solar capacity, an increase of 19% ...
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