Mercom Research Focus

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Residential Rooftop Solar Gains Momentum, Home Owners Go Green and Save Big

In major Indian cities, residential buildings and housing complexes are adopting rooftop solar solutions and transitioning towards clean energy. This transition is...

December 8, 2023

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Gautamee Hazarika

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Mercom Research Focus

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Rooftop

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Solar
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Solar Open Access Installations Surge With 907 MW Added in Q3 2023

India saw a surge in solar open access installations with the addition of 907 MW in the third quarter (Q3) of 2023, a 36.1% increase over 666 MW in the previous quarter,...

December 7, 2023

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Gautamee Hazarika

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Mercom Research Focus

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Open Access

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Solar
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Investments in Indian Solar Sector Drops 22% YoY in Q3

Investments in the Indian solar sector in the third quarter (Q3) of the calendar year (CY) 2023 totaled $1.57 billion (~₹129.86 billion), a 22% year-over-year (YoY)...

December 5, 2023

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Staff

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Mercom Research Focus

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Solar
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Average Cost of Large-Scale Solar Projects Fell 13% YoY in Q3

The average cost of large-scale solar power projects in India declined by 13.4% year-over-year (YoY) in the third quarter (Q3) of 2023 following the drop in module...

December 4, 2023

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Staff

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Mercom Research Focus

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Solar
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India Adds 1.3 GW of Rooftop Solar Capacity in 9M 2023

India installed over 1.3 GW of rooftop solar capacity in the first nine months (9M) of the calendar year (CY) 2023, an increase of 12% year-over-year (YoY), according to...

November 30, 2023

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Arjun Joshi

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Mercom Research Focus

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Rooftop

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Solar
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Indian Solar Exports Surge by 246% YoY in Q3 2023

Solar cell and module exports from India surged 246% to $543.8 million (~₹45.5 billion) in the third quarter (Q3) of 2023 from $157 million (~₹12.5 billion) in Q3 2022,...

November 30, 2023

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Staff

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Mercom Research Focus

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Solar
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Green Energy Trading Takes a Hit in 2023

Renewable energy trading at the Indian Energy Exchange (IEX) in 2023 so far has seen a considerable drop compared to 2022, with the traded energy reaching its lowest in...

November 27, 2023

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Satish Shetty

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Mercom Research Focus

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Other

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Renewable Energy
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India Adds 5.6 GW of Solar in 9M 2023, a 47% YoY Drop

In the first nine months (9M) of 2023, India has installed 5.6 GW of solar power capacity, marking a ~47% year-over-year (YoY) decrease from 10.5 GW. The utility-scale...

November 23, 2023

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Gautamee Hazarika

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Mercom Research Focus

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Solar
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Strolar, Goodluck, Raydean – Leading Module Mounting Structure Suppliers in 1H 2023

The top five solar module mounting structure suppliers in the Indian market during the first half (1H) of the calendar year 2023 were Strolar Mounting Systems, Goodluck...

November 21, 2023

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Staff

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Mercom Research Focus

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Solar
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LONGi, Waaree, JA Solar, Jinko, Top Solar Module Suppliers in 1H 2023

LONGi Solar, Waaree Energies, JA Solar, Jinko Solar, and Premier Energies were the top solar module suppliers in the first half (1H) of the calendar year (CY) 2023,...

November 17, 2023

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Staff

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Mercom Research Focus

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Solar
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India’s Solar Power Generation Up 19% YoY in Q3 2023

India generated approximately 27 billion units (BU) of solar power in the third quarter (Q3) of the calendar year (CY) 2023, up 19% year-over-year (YoY), according to...

November 16, 2023

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Staff

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Mercom Research Focus

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Solar
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Sungrow, Sineng, Growatt, Solis Top Solar Inverter Suppliers in 1H 2023

Sungrow Power Supply, Sineng Electric, Growatt New Energy, Ginlong (Solis) Technologies, and GoodWe emerged as the leading solar inverter suppliers in India in the first...

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Tata Power, Havells, Enerparc Top Rooftop Solar Installers List in 1H 2023

The top rooftop solar installers in India during the first half (1H) of the calendar year (CY) 2023 were Tata Power Solar, Havells India, Enerparc Energy, Amplus Solar,...

November 13, 2023

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Staff

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Mercom Research Focus

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Rooftop

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Solar
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Solar Accounts for 16% of the Total Installed Power Capacity in Q3 2023

Solar power accounted for 16.44% of the total installed power capacity and 39.4% of the total installed renewable capacity in the second quarter (Q2) of 2023, marginally...

November 10, 2023

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Staff

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Mercom Research Focus

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Solar
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Leading Solar EPC Companies in 1H 2023: Prozeal Green, Tata Power, Vikram Solar

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

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