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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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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Türkiye’s Hybrid Projects Help Solar Surpass Wind Capacity with 11.7 GW

Hybrid power projects are emerging as key players in Türkiye’s pursuit of solar energy goals because of their capability to generate electricity from both primary and secondary sources connected to the grid at the same location, an energy...

February 26, 2024

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European Hydrogen Bank Pilot Auction Generates Strong Response With 132 Bids

The European Commission‘s pilot European Hydrogen Bank auction has received 132 bids from projects across 17 European nations, which far exceeds the available €800 million  (~$865 million) budget. Collectively, the bids propose an electrolyzer...

February 26, 2024

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Daily News Wrap-Up: Draft Renewable Energy Tariff Regulations 2024

The Central Electricity Regulatory Commission has formulated the draft regulations to determine the tariff for renewable energy projects in 2024. These regulations are applicable to situations where the Commission needs to determine the tariff for a...

February 26, 2024

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Sunnova’s Q4 Losses Balloon as Operating and Interest Expenses Soar

U.S.-based residential solar firm Sunnova Energy‘s fourth quarter (Q4) net loss ballooned by about 800% to $187.6 million from $20.9 million last year, hurt by higher interest and operating expenses. Quarterly operating expenses for the...

February 23, 2024

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