50% of India’s Planned Solar Module Capacity to be in Gujarat

50% of India’s Planned Solar Module Capacity to be in Gujarat

As India prepares to build out its solar module manufacturing capacity, Gujarat has emerged as an overwhelmingly favorite destination for domestic manufacturers, accounting for more than half of the country’s ...
India’s Solar Power Generation Rises by 38% YoY to 95.15 BU in 2022

India’s Solar Power Generation Rises by 38% YoY to 95.15 BU in 2022

India generated around 95.15 billion units (BU) of solar power in the calendar year (CY) 2022, a 38% increase compared to 68.77 BU generated last year. Solar generation has seen ...
/ / Mercom Research Focus, Solar
EV Makers Expect Tax Cuts and Incentives in Budget 2023

EV Makers Expect Tax Cuts and Incentives in Budget 2023

The Indian electric vehicle (EV) industry is hoping for the government to rationalize the indirect tax structure on EV components and extend the rollout of incentives under the Faster Adoption ...
Solar Accounts for 15% of Installed Power Capacity in 2022; Coal Drops Below 50%

Solar Accounts for 15% of Installed Power Capacity in 2022; Coal Drops Below 50%

At the end of the calendar year (CY) 2022, India's renewable energy capacity, including large hydroelectric projects, made up 40.75% of the country's cumulative power capacity, with 166.9 GW, according ...
Solar Sector Pins Hopes on Budget 2023, Here’s the Long Wish List

Solar Sector Pins Hopes on Budget 2023, Here’s the Long Wish List

The solar sector has a long wish list for the Union Budget 2023, which will be presented in a few days. Stakeholders look forward to Finance Minister Nirmala Sitharaman announcing ...
SECI's Green Energy Open Access Foray Worries Private Developers 

SECI’s Green Energy Open Access Foray Worries Private Developers 

The government-owned renewable energy intermediary procurer Solar Energy Corporation of India (SECI) will soon enter the market for delivering renewable energy solutions through open access to the commercial and industrial ...
/ / C&I, Mercom Research Focus, Solar
Indian Solar Module Manufacturing Capacity to Reach 95 GW by 2025

Indian Solar Module Manufacturing Capacity to Reach 95 GW by 2025

India's solar photovoltaic (PV) module manufacturing capacity exceeded 39 GW at the end of September 2022 and is expected to reach ~95 GW by the end of the calendar year ...
Energy Storage Sector Upbeat For 2023 Despite Cost, Supply Chain Challenges

Energy Storage Sector Upbeat for 2023 Despite Cost, Supply Chain Challenges

India’s renewable energy growth plans are closely tied to energy storage to mitigate the intermittency of renewable sources as the country strives to meet the rising round-the-clock (RTC) clean energy ...
India's Wind Installations Increased 8% YoY to 229 MW in Q4 2022

India’s Wind Installations Increased 8% YoY to 229 MW in Q4 2022

Total wind capacity installations in India increased year-over-year (YoY) by 8%, with 229 MW added in the fourth quarter (Q4) of 2022 against 212 MW installed during Q4 2021. However, ...
Energy Storage Firms Tap $26.4 Billion in Corporate Funding in 2022, up 55% YoY

Energy Storage Firms Tap $26.4 Billion in Corporate Funding in 2022, up 55% YoY

Global corporate funding for energy storage, smart grid, and energy efficiency companies increased 63% in 2022 with $31.7 billion compared to $19.5 billion in 2021, according to Mercom's Annual and ...
Solar Project Tenders and Auctions Witness a Steady Decline in Q4 2022

Capacity of Solar Projects Tendered and Auctioned Decline in Q4 2022

Solar tenders floated by various agencies in India declined 32% quarter-over-quarter (QoQ) to 9.7 GW in the fourth quarter (Q4) of 2022 from 14 GW, according to Mercom India Research ...
Outlook for Indian Solar Industry in 2023: A New Manufacturing Era Begins

Outlook for Indian Solar Industry in 2023: A New Manufacturing Era Begins

As we enter 2023, a new era is beginning in the Indian solar industry - a move toward domestic manufacturing and supply chain independence. The solar industry in India experienced ...
Project Finance Brief: Nautilus Acquires 54 MW Solar Projects in New York

Solar Companies Raise a Record $7 Billion in Venture Capital Funding in 2022

Global corporate funding for solar companies, including from venture capital, private equity, debt financing, and public markets, amounted to $24.1 billion in 2022, a decrease of 13% year-over-year (YoY). However, ...
Industry Expects Electric Vehicle Sales to Build on Blockbuster 2022

Industry Expects Electric Vehicle Sales to Build on Blockbuster 2022

The electric vehicle (EV) industry is entering the new year on the back of blockbuster sales in 2022 when it clocked one million units, a growth of over 300%, as ...
Renewable Energy Can Boost Bottom Lines of Small Businesses

Renewable Energy Can Boost Bottom Lines of Small Businesses

Businesses in the commercial and industrial (C&I) segment often pay a heavy price by delaying the adoption of renewable energy as an alternative energy source. Although the economics of installing ...
Renewables Tender Trajectory Key to Mitigating Project Risks

Renewables Tender Trajectory Key to Mitigating Project Risks

Stakeholders in India’s renewables sector have called for a pre-determined calendar for tenders so that the resultant certainty can help companies plan their finances and manage supply chain constraints more ...
Mercom India’s Most Read News Stories from 2022

Mercom India’s Most Read News Stories from 2022

Here is a collection of the most-read news stories and in-depth articles of 2022. Most of the top stories this year were from the rooftop solar segment. Other popular themes among ...
Top States for Rooftop Solar Installations in 2022

Top States for Rooftop Solar Installations in 2022 [Infographics]

India’s cumulative rooftop solar installations reached ~8.3 GW at the end of the January-September period (9M), according to Mercom India Research’s latest available data. The full-year numbers for 2022 will ...
Five Lowest Solar Tariffs in 2022 [Infographics]

Five Lowest Solar Tariffs in 2022 [Infographics]

Auction activity was robust in 2022, with 111.48 GW of solar capacity projects going under the hammer in 274 auctions. The lowest tariff discovered in 2022 was ₹2.29 (~$0.028)/kWh, an ...
India's Top Five Renewable Energy Project Funding Deals Announced in 2022

India’s Top Five Renewable Energy Project Funding Deals Announced in 2022 [Infographics]

The renewable energy capacity, including large hydro projects in India, accounted for 40.3% of the overall capacity mix at the end of September 2022, with a 163.7 GW capacity, according ...
Mercom’s Most Impactful Interviews in 2022 – Here’s What Clean Energy Experts Said

Mercom’s Most Impactful Interviews in 2022 – Here’s What Clean Energy Experts Said

Mercom India conducted a series of exclusive interviews with top executives from the renewable energy sector, bringing out their insights and opinions on the industry and the way forward. Here ...
Here is How Much Businesses are Saving from Installing Solar (1)

Here is How Much Businesses are Saving from Installing Solar

The benefits to businesses from adopting solar are so overwhelming that it defies logic for any entity to be in doubt about it. The saving alone can be as high ...
/ / C&I, Mercom Research Focus, Solar
India’s Top Five Corporate Funding Deals by Solar Companies in 2022 Infographics

India’s Top Five Corporate Funding Deals by Solar Companies in 2022 [Infographics]

Large Indian renewable companies continued attracting various financing types from International investment groups in 2022. Here are the top five corporate funding deals in India during the year: Adani Green ...
Top Wind Energy Tenders in 2022

Top Wind Energy Tenders in 2022 [Infographics]

In 2022, a total of 8 GW of wind energy tenders were floated by various agencies, and 1.8 GW of wind projects were auctioned, according to Mercom India Research. Here ...
Top Wind-Solar Hybrid Tenders in 2022

Top Wind-Solar Hybrid Tenders in 2022 [Infographics]

In 2022, a total of 4 GW of wind-solar hybrid tenders were floated by various implementing agencies, out of which 2.2 GW were auctioned, according to Mercom India Research. Here ...