mercom-research-focus

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Corporate Funding for Energy Storage Surges to $15.4 Billion in 1H of 2024

Corporate funding for energy storage companies surged to $15.4 billion across 64 deals in the first half (1H) of 2024, reflecting a 117% increase from the $7.1 billion...

July 24, 2024

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Gautamee Hazarika

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Energy Storage

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Finance and M&A
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Solar Industry’s 2024 Budget Wishlist: Tax Cuts, GST Reforms and Fiscal Incentives

With India’s aggressive clean energy push likely to sustain the momentum it has seen in recent years, all eyes are on the Union Budget 2024 to be presented by...

July 19, 2024

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Gautamee Hazarika

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Mercom Research Focus

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Renewable Energy
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Solar Sector Corporate Funding in 1H 2024 Hits $16.6 Billion, Down 10% YoY

Total corporate funding, including venture capital/private equity (VC) funding, public market, and debt financing, in the solar sector reached $16.6 billion in the first...

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Shortage of India-made Solar Modules Hits Projects with DCR Mandate

India’s ambitious push for solar energy is facing a significant hurdle: a shortage of domestically produced solar modules. Subsidy-supported residential rooftop...

July 11, 2024

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Gautamee Hazarika

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Mercom Research Focus

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Modules

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Solar
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India’s Installed Battery Storage Capacity Hits 219 MWh

India’s total Battery Energy Storage System (BESS) capacity reached 219.1 MWh as of March 2024, according to Mercom India Research’s newly released report,...

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Andhra Sees Growth in Solar Open Access Capacity Additions in Q1 2024

Andhra Pradesh experienced renewed growth in open access solar capacity additions in Q1 2024, after a weak four quarters in 2023. The state accounted for the...

July 2, 2024

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Tarun Kothamasu

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Mercom Research Focus

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Open Access

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Solar
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Addressing Bottlenecks Critical for Continued Open Access Solar Growth

India’s energy landscape is rapidly evolving, with solar power emerging as a crucial part of the country’s renewable energy mix. Among the various...

June 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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Adani Hybrid Energy Sold the Most Power in Green Day Ahead Market in Q4 2023

Green Day-Ahead Market (GDAM) has provided new opportunities for renewable energy generators and distribution companies (DISCOMs) to trade surplus power on exchanges....

June 18, 2024

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Tarun Kothamasu

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Mercom Research Focus

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Other

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Renewable Energy
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Indian Solar Imports Surge by 148% YoY in Q1 2024

India imported solar cells and modules totaling over $2 billion (~₹167 billion) in the first quarter (Q1) of the calendar year 2024, up 147.5% year-over-year (YoY),...

June 11, 2024

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Urvashi Gupta

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Mercom Research Focus

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Solar
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Q1 2024 Sees India’s Highest Solar Open Access Capacity of 1.8 GW

India added over 1.8 GW of solar open access capacity in the first quarter (Q1) of the calendar year (CY) 2024, a nearly 152% increase year-over-year (YoY) compared to...

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Average Cost of Large-Scale Solar Projects Fell 28% YoY in Q1 2024

The average cost of large-scale solar power projects in India fell 28.2% year-over-year (YoY) in the first quarter (Q1) of 2024, primarily due to a significant drop in...

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India’s Q1 2024 Rooftop Solar Installations Drop to 367 MW, Down 24% YoY

India installed 367 MW of rooftop solar capacity in the first quarter (Q1) of 2024. This accounts for a 10% quarter-over-quarter (QoQ) decrease from 406 MW and a 24%...

May 30, 2024

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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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India Adds Record 10 GW of Solar Capacity in Q1 2024

India achieved a milestone by adding over 10 GW of solar capacity in the first quarter (Q1) of 2024, the highest quarterly installation to date. This figure represents...

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ReNew, Waaree and First Solar Lead Solar Manufacturing Capacity Additions in 2023

ReNew, Waaree Energies, First Solar, Adani Solar, and Emmvee Photovoltaic Power led the annual solar module manufacturing capacity additions in the calendar year (CY)...

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Sungrow, FIMER, Sineng Electric Lead Solar Inverter Supply in 2023

Sungrow Power Supply (Sungrow), FIMER India (ABB), Sineng Electric, TBEA Energy India, and Ginlong (Solis) Technologies were the leading inverter suppliers in India for...

May 21, 2024

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Anubhav Prakash

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Inverters & BOS

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Mercom Research Focus

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Solar

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