mercom-research-focus

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India Installs 485 MW of Rooftop Solar Capacity in Q1, Up 6.4% YoY

In the first quarter (Q1) 2023, 485 MW of rooftop solar capacity was added, up 0.4% compared to 483 MW in Q4 2022. In a year-over-year (YoY) comparison, installations...

June 1, 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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Leading Solar Inverter Suppliers in 2022: Sungrow, Sineng, FIMER, Solis

Sungrow, Sineng Electric, FIMER India (ABB), Ginlong (Solis) Technologies, and SOFAR emerged as the leading solar inverter suppliers in India in the calendar year (CY)...

May 31, 2023

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Rakesh Ranjan

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Inverters & BOS

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Markets & Policy

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Solar
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Savings from Rooftop Solar Can be a Healthy Revenue Stream for C&I Entities

As the cost of technology and installations have come down over the years, rooftop solar has undoubtedly emerged as a viable option to cut electricity bills for...

May 31, 2023

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Gourav Mishra

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C&I

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Mercom Research Focus

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Rooftop

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Solar
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Jinko, Trina, and Adani Were Top Solar Module Suppliers in 2022

Jinko Solar, Trina Solar, Adani Solar, LONGi Solar, and JA Solar were the top solar module suppliers in the calendar year (CY) 2022, according to Mercom’s recently...

May 29, 2023

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Rakesh Ranjan

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Markets & Policy

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Modules

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Solar
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Tata Power, Vikram Solar, BHEL Top Solar EPC Players in 2022

Tata Power Solar, Vikram Solar, Bharat Heavy Electricals (BHEL), Adani Infra India, and Hild Energy emerged as the top utility-scale solar engineering, procurement, and...

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India Installs 1.9 GW of Solar Capacity in Q1 2023, Down 48% YoY

India installed 1.9 GW of new solar capacity during the first quarter (Q1) of 2023, a decline of 48% year-over-year (YoY), according to Mercom India Research’s...

May 25, 2023

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Arjun Joshi

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Mercom Research Focus

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Solar
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Tata Power Solar, Amplus, Roofsol Leading Rooftop Solar Installers in 2022

Tata Power Solar, Amplus Solar, Roofsol Energy, Fourth Partner Energy, and Hartek Solar were the top rooftop solar companies in India during the calendar year (CY) 2022,...

May 24, 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 Exports Surged 6,293% YoY in Q1 2023, Imports Fell 34%

India exported solar cells and modules worth $479 million (~₹39.5 billion) in the first quarter (Q1) of the calendar year (CY) 2023, a staggering increase of 6,293%...

May 22, 2023

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Arjun Joshi

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Markets & Policy

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Modules

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Solar
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Avaada, NTPC, Adani Green Top Utility-Scale Solar Developers in 2022

Avaada Energy, NTPC Renewable Energy, Adani Green Energy, Tata Power Renewables, and Azure Power emerged as the top utility-scale solar project developers in the...

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New Players Shake Up Indian Solar Market in CY 2022

As the Indian solar industry navigates through rapid policy changes to meet the ambitious 30 GW of annual capacity addition target, new companies are emerging to take...

May 15, 2023

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Rakesh Ranjan

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Mercom Research Focus

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Solar
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Module Manufacturers Face Dilemma in Switching to TOPCon from MonoPERC

Solar module technology has been evolving so rapidly that Indian manufacturers, relying on importing the production lines mainly from China, are caught between the fear...

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Solar’s Share in Total Power Capacity Rose to 16% in Q1 from 13.2% YoY

Solar power accounted for 16% of the total installed power capacity and 38% of the total installed renewable capacity in the first quarter of 2023, up from 13.2% and 34%...

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Solar Power Generation in India Rises 31% YoY to 29 BU in Q1 2023

India generated approximately 29 billion units (BU) of solar power in the first quarter (Q1) of the calendar year 2023, a 31% year-over-year (YoY) increase. The...

May 3, 2023

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Arjun Joshi

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Mercom Research Focus

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Solar
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High Solar Open Access Charges Impede Third-Party Mode Preferred by Small C&I Units

Karnataka, Maharashtra, and Tamil Nadu emerged as the top states for solar open access installations in 2022, according to the 2022 Q4 & Annual Mercom India Solar...

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Corporate Funding for Energy Storage Declines 83% YoY in Q1 2023

Total corporate funding in energy storage, including from venture capital (VC), public market, and debt financing, amounted to $2.2 billion in 27 deals in the first...

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