Mercom Research Focus
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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 unveiled 2023 Q4 & Annual Mercom India Rooftop Solar Market R...

March 1, 2024

Mercom Research Focus

Red Sea Shipping Crisis Hits Key Trade Route for Solar Modules

Prices of solar modules shipped from Asia to Europe have jumped as much as 20% as trade disruptions in the Red Sea, which carries 12% of the world’s seaborne trade, have spiked freight costs. Since mid-November, heightened hostili...

February 27, 2024

Other

India Launches Second Tranche of Auction for Critical and Strategic Mineral Blocks

The Ministry of Mines has issued the second tranche of the auction for the grant of concessions for 18 critical and strategic mineral blocks across seven states, with 17 designated for the grant of composite license and one for th...

March 1, 2024

Markets & Policy

Cabinet Approves New Rooftop Solar Subsidy Program with Outlay of ₹750.21 Billion

The Union Cabinet has approved the Pradhan Mantri-Surya Ghar: Muft Bijli Yojana, aimed at installing rooftop solar systems on 10 million households, with a total outlay of ₹750.21 billion (~$9.05 billion) until the financial year ...

February 29, 2024

Latest News

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Chandigarh Invites Bids for 50 MW Rooftop Solar Projects

Chandigarh Renewable Energy and Science & Technology Promotion Society (CREST) has invited bids to set up 50 MW grid-connected rooftop solar power projects on various residential houses in the Union Territory under the renewable energy service...

March 1, 2024

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Adani DISCOM Floats Tender to Procure 600 MW Wind Power

Adani Electricity Mumbai has floated a tender to select project developers for the supply of 600 MW of power from grid-connected wind projects anywhere in India. The selected developers are required to establish wind power projects on a build own...

March 1, 2024

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MERC Approves Tariffs for Tata Power’s 225 MW Wind-Solar Hybrid Projects

The Maharashtra Electricity Regulatory Commission (MERC) has approved Tata Power Company – Distribution’s (TPC-D) adoption of tariffs of ₹3.27 (~$0.0394)/kWh and ₹3.28 (~$0.0395)/kWh discovered through competitive bidding for the procurement...

March 1, 2024

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Shoals’ Q4 Revenue Surges by 38%, Driven by Higher Sales

Shoals Technologies Group, a manufacturer of electrical balance of systems (EBOS) for solar, energy storage, and eMobility reported a net income of $16.6 million during the fourth quarter (Q4) of 2023, contrasting with the $118.3 million reported in...

March 1, 2024

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Uttar Pradesh Invites Bids for 5 MW Solar Project in Mau District

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids for a 5 MW grid-connected solar photovoltaic (PV) power project in Mau district on a build-own-operate and maintain (BOOM) basis. The last date for online bid...

March 1, 2024

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German Physicists Claim Breakthrough in Silicon Solar Cell Efficiency

Physicists at the University of Paderborn in Germany, through complex virtual simulations, have discovered that adding a thin layer of an organic semiconductor called tetracene to a silicon solar cell can achieve significantly higher efficiency. The...

March 1, 2024

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Polysilicon Imports into China Drop as Manufacturers Shift to Vietnam

Polysilicon imports into China dropped 28.5% in 2023 to 62,965 metric tons (MT), the lowest level since 2011, according to Germany-based polysilicon market research firm Bernreuter. Polysilicon is a key material for making solar cells and...

March 1, 2024

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Daily News Wrap-Up: Cabinet Approves New Rooftop Solar Subsidy Program

The Union Cabinet has approved the Pradhan Mantri-Surya Ghar: Muft Bijli Yojana, aimed at installing rooftop solar systems on 10 million households, with a total outlay of ₹750.21 billion (~$9.05 billion) until the financial year (FY) 2025-26....

March 1, 2024

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