bcd

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Top 5 States for Open Access Solar Installations in CY 2022

India added an impressive 2.5 GW open access solar capacity in 2022, registering a growth of 92% year-over-year (YoY), according to the 2022 Q4 & Annual Mercom India...

March 23, 2023

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Gautamee Hazarika

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C&I

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Mercom Research Focus

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Open Access

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Solar
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CERC Approves Tariffs for 1.4 GW of ISTS-Connected Solar Projects

The Central Electricity Regulatory Commission (CERC) recently approved the tariffs of ₹2.37 (~$0.028)/kWh and ₹2.38 (~$0.029)/kWh discovered through a competitive...

March 10, 2023

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Rakesh Ranjan

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Markets & Policy

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Solar
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Delay in ALMM Approval Process Restricts Domestic Solar Module Supplies

Even as the industry awaits official order on lifting the Approved List of Models and Manufacturers (ALMM) mandate for developers due to the lack of domestic solar...

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India’s Solar Exports Surge by 321% YoY in 2022, Imports Drop by 25%

India exported solar cells and modules worth $561 million (~₹46.4 billion) in 2022, an increase of 321% year-over-year (YoY) compared to $134 million (~₹11 billion) in...

February 21, 2023

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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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GUVNL Invites Bids for 500 MW Solar Projects with Greenshoe Option

Gujarat Urja Vikas Nigam (GUVNL) has invited bids for purchasing power from 500 MW of grid-connected solar power projects (Phase XIX) to be set up anywhere in India with...

February 6, 2023

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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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...

January 27, 2023

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Rakesh Ranjan

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Markets & Policy

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Mercom Research Focus

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Solar
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MNRE Grants Timeline Extension for Solar Projects Bid Before BCD Announcement

The Ministry of New and Renewable Energy (MNRE) has extended the timeline for the completion of solar and wind-solar hybrid projects for which bids were finalized before...

January 27, 2023

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Rakesh Ranjan

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Markets & Policy

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Solar
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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...

January 17, 2023

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Rakesh Ranjan

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Markets & Policy

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Mercom Research Focus

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Solar
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Major Events that Impacted the Solar Sector in 2022

India installed a record 10 GW of new solar capacity during the first nine months of 2022, an increase of 35% year-over-year, according to Mercom India Research’s...

December 21, 2022

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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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Solar Developers are Struggling to Receive Compensation Under Change in Law

Many ‘Change in Law’ petitions on safeguard duty filed in 2018 are still pending disposal DISCOMs drag on litigations for years Unresolved petitions restrict cash flow...

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Smaller Solar Manufacturers are Diving Into EPC Business to Utilize Their Own Modules

Manufacturers see better margins with in-house EPC for small solar projects About 40 small manufacturers have either just started or plan to begin EPC services Small...

November 14, 2022

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Rakesh Ranjan

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Manufacturing

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Mercom Research Focus

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Solar
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Government Shuts Door on Solar Projects Hoping for Concessional Import Duty

The government has amended the Project Import Regulations, 1986 to specifically exclude solar power projects from the purview of the law, effectively shutting down a...

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After Global Supply Chain Woes, Domestic Supply Deficit Hits Solar Developers in India

The government’s move to cut dependence on China and promote local manufacturing of modules for solar installations has hindered developers as domestic supply is...

October 4, 2022

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Rakesh Ranjan

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Manufacturing

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Mercom Research Focus

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Solar
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Large-Scale Solar Installations in India Have Surpassed 50 GW

India has added over 50 GW of utility-scale solar capacity as of August 2022, just 9.7 GW shy of meeting the government-set target of installing 60 GW by 2022, according...

October 6, 2022

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Arjun Joshi

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Mercom Research Focus

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Solar
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MNRE Notifies BCD and Hike in GST Rates as ‘Change in Law’ Events But With a Condition

The Ministry of New and Renewable Energy (MNRE) has said the imposition of basic customs duty (BCD) and hike in goods and services tax (GST) from 5% to 12% should be...

September 27, 2022

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Rakesh Ranjan

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Markets & Policy

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Solar

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