Mercom Research Focus

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Industry Welcomes Government Push For Upstream-Focused Solar Lending

The Ministry of New and Renewable Energy’s (MNRE) recent advisory to banks and financial institutions, calling for prudence in lending to standalone solar module...

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Policy, Regulatory Changes That Shaped Solar Open Access in Q3 2025

India’s solar open access market saw a series of policy actions that shaped procurement trends throughout the quarter. The country added 6.1 GW of solar open access...

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China’s Record Low Silver Inventory Raises Global Solar Supply Chain Risk

China’s long role as an invisible stabilizer in the silver market is starting to break down. For years, whenever the West ran short of metal, flows from China quietly...

December 11, 2025

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Arjun Joshi

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Markets & Policy

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Mercom Research Focus

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Solar
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Energy Banking Curbs, New ToD Tariffs Slow Maharashtra’s Solar Open Access Market

India’s cumulative solar open access capacity reached 27.9 GW in September 2025, with Maharashtra contributing about 17%, the second-largest share after Karnataka,...

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India’s Solar Exports Up 65% in Q3 2025, Imports Down 15.1%

India exported solar cells and modules worth over $344.5 million (~₹30 billion) in the third quarter (Q3) of 2025, a 65.2% year-over-year (YoY) increase from $208.5...

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Solar Open Access to Gather Steam in Uttar Pradesh as Data Centers Mushroom

Driven by the rapid expansion of data centers in Uttar Pradesh, demand for solar open access in the state is expected to double over the next three years. According to...

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India Added 6.1 GW of Solar Open Access Capacity in 9M 2025

India added 6.1 GW of solar open access capacity in the first nine months (9M) of 2025, increasing over 13% year-over-year (YoY) from 5.4 GW, according to Mercom India’s...

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Q3 2025 Sees Cost Drop in Large-Scale Solar Systems Across Module Types

The average system cost of large-scale solar projects remained low in the third quarter of 2025, with cost reductions seen across all module technologies. Projects using...

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India Added 4.9 GW Rooftop Solar Capacity in 9M 2025

India added 4.9 GW of rooftop solar capacity in the first nine months (9M) of the calendar year 2025, compared to 1.9 GW in the previous year, a 161% year-over-year...

November 25, 2025

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Meghana Prasad

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Mercom Research Focus

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Rooftop

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Solar
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Solar Installations in India Surge 53.7% YoY in 9M 2025 with 26.6 GW

India added a solar capacity of 26.6 GW in the first nine months (9M) of the calendar year (CY) 2025, an increase of 53.7% year-over-year (YoY) from 17.3 GW, according...

November 18, 2025

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Melvin Mathew

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Mercom Research Focus

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Solar

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Utility Scale
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51% of India’s Installed Renewable Capacity was Solar by Q3 2025

Solar power accounted for 25.1% of India’s total installed power capacity and 51% of the total installed renewable capacity as of September 2025. The solar capacity...

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Prolonged Monsoons Dampen Solar Power Generation by 11% QoQ in Q3 2025

India generated over 38.3 billion units (BU) of solar power in the third quarter (Q3) of 2025, representing a 20.4% year-over-year (YoY) increase. Solar generation...

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Rigid Deviation Settlement Limits Could Result in Higher Renewable Tariffs

The recent Central Electricity Regulatory Commission’s (CERC) proposal to tighten deviation limits for the scheduling and dispatch of power has raised concerns...

November 5, 2025

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Melvin Mathew

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Mercom Research Focus

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Solar

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T&D
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India’s Wind Energy Installations Up 105% YoY in Q3 2025

India added 1.4 GW of wind energy capacity in the third quarter (Q3) of 2025, a 105% year-over-year (YoY) increase from 706.5 MW in Q3 2024, according to Mercom India...

October 28, 2025

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Sowndhiga U

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Mercom Research Focus

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Wind
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Global Solar Sector Attracts $17.3 Billion Corporate Funding in 9M 2025, Down 22% YoY

Total corporate funding, including venture capital funding, public market, and debt financing, for the solar sector globally, stood at $17.3 billion in the first nine...

October 24, 2025

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Arjun Joshi

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Finance and M&A

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Mercom Research Focus

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Solar

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