mercom-research-focus

thumbnail
Solar Power Generation in India Rises 8.8% YoY to 32 BU in Q1 2024

India generated approximately 32 billion units (BU) of solar power in the first quarter (Q1) of the calendar year (CY) 2024, an 8.8% year-over-year (YoY) increase. The...

thumbnail
2023 Solar Module Market Leaders: Jinko, LONGi, JA Solar, Waaree and Trina

Jinko Solar, LONGi Green Energy Technology, JA Solar, Waaree Energies, and Trina Solar were the top solar module suppliers in the calendar year (CY) 2023, according to...

thumbnail
Adani Green, UPC and Tata Power: Top Utility-Scale Solar Developers in 2023

Adani Green Energy, UPC Renewables, Tata Power Company, Gujarat State Electricity Corporation (GSECL), and Rising Sun Energy (Yinson Holdings) were the top utility-scale...

thumbnail
Solar’s Share in India’s Power Capacity Rose to 19% YoY in Q1 from 15.2%

Solar power accounted for 18.5% of India’s total installed power capacity and 42.9% of the installed renewable capacity in the first quarter (Q1) of the calendar year...

thumbnail
Oriano, Waaree, Prozeal: Leading Solar EPC Companies in 2023

Oriano, Waaree Renewable Technologies, Prozeal Green Energy, Tata Power Solar, and Gensol Engineering emerged as the top utility-scale solar engineering, procurement,...

thumbnail
India’s Solar Market Sees New Leaders Rise in 2023: Mercom Report

India’s solar market witnessed the emergence of new leaders in the calendar year 2023, according to Mercom’s recently released India Solar Market Leaderboard...

May 6, 2024

/

Staff

/

Mercom Research Focus

,

Solar
thumbnail
Corporate Funding in Energy Storage Sector Surges Five-Fold to $11.7 Billion in Q1

The global energy storage sector witnessed a 432% increase year-over-year (YoY) in corporate funding, totaling $11.7 billion across 29 transactions, from $2.2 billion in...

thumbnail
Solar Sector Records 81% Drop in VC Funding in Q1, Corporate Funding Down by 4%

The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised...

thumbnail
Solar Auctions Surge by 229% in Q1 2024, Tender Activity Up 122%

Auctioned solar capacity in India surged to over 25 GW in the first quarter (Q1) of 2024 from 820 MW in Q1 2023, primarily due to the new bidding guidelines mandating...

thumbnail
India’s Total Solar Module Manufacturing Capacity Reached 64.5 GW in 2023

India added 20.8 GW of solar modules and 3.2 GW of solar cell capacity in calendar year (CY) 2023, according to the recently released State of Solar PV Manufacturing in...

thumbnail
India Registers 56% Growth in Wind Installations, Adds 2.8 GW in 2023

India installed 2.8 GW of new wind energy capacity in 2023, a ~56% surge from 1.8 GW in 2022. The cumulative wind capacity as of December 2023 stood at 44.7 GW, compared...

March 13, 2024

/

Joydeep Sinha

/

Mercom Research Focus

,

Wind
thumbnail
Average Cost of Large-Scale Solar Projects Drop 27% YoY in Q4 2023

The average cost of large-scale solar power projects in India declined by 26.6% year-over-year (YoY) in the fourth quarter (Q4) of 2023 following a drop in module prices....

thumbnail
India’s Open Access Solar Sustains Growth Momentum in 2023, Adding 3.2 GW

India achieved a record-breaking annual installation of solar open access, adding 3.2 GW, in the calendar year (CY) 2023, a marginal increase from the 3 GW installed in...

March 7, 2024

/

Gautamee Hazarika

/

Mercom Research Focus
thumbnail
India’s Rooftop Solar Installations Reach 1.7 GW in 2023

India installed 1.7 GW of rooftop solar capacity in 2023, the second-highest annual installation numbers on record, according to Mercom India Research’s newly...

thumbnail
Indian Solar Exports Grow 227% YoY in 2023, Imports up 89%

Indian solar exports rose 227% year-over-year (YoY) to $1.8 billion (~₹152.6 billion) in CY 2023 from $561 million (~₹46.4 billion), according to recent data published...

February 26, 2024

/

Anubhav Prakash

/

Markets & Policy

,

Mercom Research Focus

,

Solar

1

2

3

...

26