Mercom Research Focus
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Plagued by Project Delays, India’s Solar Capacity Additions Plummet by 44% in 2023

Solar installations in India dropped 44.1% in the calendar year (CY) 2023, with a capacity of 7.5 GW added against 13.4 GW in 2022, according to Mercom India’s Q4 & Annual 2023 India Solar Market Update. Large-scale sola...

February 22, 2024

Mercom Research Focus

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 by the Department of Commerce. Solar photovoltaic modules acco...

February 26, 2024

C&I

Serentica to Provide Uninterrupted Green Power Through a Mix of Renewables: Interview

Renewable energy developer Serentica Renewables is strategically employing a diverse mix of solar, wind, and energy storage technologies. The company has recently embarked on a collaborative effort centering around a standalone en...

February 23, 2024

Markets & Policy

Rooftop Solar Systems up to 10 kW Exempted from Feasibility Study Mandate

The Ministry of Power has mandated that the technical feasibility study for the installation of all rooftop solar photovoltaic systems must be completed within fifteen days, and the outcome of it is to be shared with the applicant...

February 23, 2024

Latest News

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Renewable EPC Firm InSolare Energy Raises ₹660 Million

InSolare Energy, a Bengaluru-headquartered renewable developer and engineering, procurement, and construction (EPC) company, has raised ₹660 million (~$7.96 million) in a growth funding round. The funding was led by Negen Capital, with participation...

February 26, 2024

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Railways Invites Bids for 1 MW Rooftop Solar Projects in Jodhpur

The Jodhpur division of North Western Railway has floated a tender for 1 MW grid-connected rooftop solar power projects to be installed across railway stadiums, clubs, institutes, community centers, residential quarters, and other locations over the...

February 26, 2024

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NTPC Issues EPC Tender for 26 MW Floating Solar Project in Chhattisgarh

NTPC has invited bids for the engineering, procurement, and construction of a 26 MW floating solar power project at Reservoir 1B of NTPC Sipat Thermal Power Plant in Bilaspur, Chhattisgarh. The scope of work includes the design, erection, testing,...

February 26, 2024

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SECI Commissions 120 MWh Battery Energy Storage System in Chhattisgarh

The Solar Energy Corporation of India (SECI) has commissioned a 40 MW/120 MWh Battery Energy Storage System (BESS) project associated with a 100 MW solar power project in Rajnandgaon, Chhattisgarh. The corporation claims this to be the largest BESS...

February 26, 2024

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Haryana Floats Rate Contract Tender for 8.4 MW Rooftop Solar Projects

Haryana Renewable Energy Development Agency (HAREDA) has invited bids to empanel vendors on an annual rate contract basis to set up a tentative aggregate of 8.4 MW of grid-connected rooftop solar projects with a net metering facility at various...

February 26, 2024

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West Bengal Floats O&M Tender for 10 MW Solar Project

The West Bengal Power Development Corporation (WBPDCL) has invited bids for the operation and maintenance of the 10 MW ground-mounted solar power project at the Sagardighi thermal power plant in Murshidabad. The O&M contract duration is for four...

February 26, 2024

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Jupiter to Set Up 1.2 GW Solar Cell Manufacturing Facility in Odisha

Kolkata-headquartered solar cell and module manufacturer Jupiter International is setting up a 1.2 GW solar cell manufacturing facility in Odisha. Work on the plant, to be located in Khurda, will begin in the next quarter of the year. The facility...

February 26, 2024

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NLC India Invites Bids to Supply Central Inverters for 600 MW Solar Project

NLC India has invited bids for the supply of central inverters for a 600 MW solar project in Gujarat State Electricity Corporation’s (GSECL) Solar Park in Khavda, Gujarat, on a package basis. The 600 MW Solar Power Project is intended to be...

February 26, 2024

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Servotech Wins $12 Million Order for 1,500 DC EV Chargers from HPCL

Electric vehicle (EV) charger and energy efficiency products manufacturer Servotech Power Systems recently won an order worth ₹1.02 billion (~$12.31 million) for 1,500 DC fast EV chargers from Hindustan Petroleum Corporation (HPCL). In addition to...

February 26, 2024

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US Residential Solar Prices Drop in Second Half of 2023 Amid Slowing Demand

Solar prices fell for the first time since mid-2021 in the U.S., dropping 3.5% to $2.80/W in the second half (H2) of 2023, highlighting a residential solar market plagued by high inflation and changes to net metering policies, according to a report...

February 26, 2024

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