Mercom Research Focus

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As ISTS Waiver Nears End, Developers Need Extension Amid Lack of Substations

As the deadline for the Inter-State Transmission System (ISTS) charges waiver approaches, additional substations are critical to ensure the smooth facilitation of...

April 16, 2024

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Gautamee Hazarika

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Markets & Policy

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Mercom Research Focus

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Solar
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Solar Open Access Developers Fear Higher Module Prices After ALMM Reimposition

The recent reimposition of the Approved List of Models and Manufacturers (ALMM) regulation has surprised industry stakeholders as the government withdrew exemptions for...

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Top 5 States for Solar Open Access Installations in CY 2023

India added 3.2 GW of new solar open access capacity in 2023, the most in any calendar year to date, with the top five states accounting for 84.2% of the new installed...

April 8, 2024

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Joydeep Sinha

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Mercom Research Focus

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Open Access

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Solar
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Renewable Energy Projects Bogged Down by Lack of Transmission Infrastructure

Renewable energy project development is surging across India, resulting in an unprecedented demand for evacuation infrastructure to connect to the grid. According to a...

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India’s Total Solar Module Manufacturing Capacity Reached 64.5 GW in 2023

India added 20.8 GW of solar modules and 3.2 GW of solar cell capacity in calendar year (CY) 2023, according to the recently released State of Solar PV Manufacturing in...

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India Registers 56% Growth in Wind Installations, Adds 2.8 GW in 2023

India installed 2.8 GW of new wind energy capacity in 2023, a ~56% surge from 1.8 GW in 2022. The cumulative wind capacity as of December 2023 stood at 44.7 GW, compared...

March 13, 2024

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Joydeep Sinha

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Mercom Research Focus

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Wind
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Average Cost of Large-Scale Solar Projects Drop 27% YoY in Q4 2023

The average cost of large-scale solar power projects in India declined by 26.6% year-over-year (YoY) in the fourth quarter (Q4) of 2023 following a drop in module prices....

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India’s Open Access Solar Sustains Growth Momentum in 2023, Adding 3.2 GW

India achieved a record-breaking annual installation of solar open access, adding 3.2 GW, in the calendar year (CY) 2023, a marginal increase from the 3 GW installed in...

March 7, 2024

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Gautamee Hazarika

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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...

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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...

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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...

February 26, 2024

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Anubhav Prakash

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Markets & Policy

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Mercom Research Focus

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Solar
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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...

February 22, 2024

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Gautamee Hazarika

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Markets & Policy

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Mercom Research Focus

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Solar
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Rajasthan Struggles to Harness Solar Potential as Open Access Projects Face Setbacks

In Rajasthan, where the promise of renewable energy seems boundless, hurdles have emerged in the path of progress where a significant capacity of open access solar...

February 20, 2024

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Gautamee Hazarika

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Markets & Policy

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Mercom Research Focus

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Solar
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ALMM Reimposition and Exemptions Leave the Solar Industry Guessing

The Approved List of Models and Manufacturers (ALMM) regulation will be back in force from April 1, 2024, with exemptions for projects set up under open access solar and...

February 14, 2024

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Satish Shetty

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Markets & Policy

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Mercom Research Focus

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Solar
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P2P Solar Energy Trading: An Innovative Approach Fraught with Challenges

Consumers of electricity in a few Indian states could soon become ‘prosumers’ by installing rooftop solar and selling excess power generated directly to...

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