mercom-research-focus

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India Installs a Record 2.5 GW of Solar Open Access in 2022, Up 92% YoY

India added 2.5 GW of solar open access in the calendar year (CY) 2022, a year-over-year (YoY) increase of 92% from the 1.3 GW installed in CY 2021, according to the...

March 15, 2023

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Arjun Joshi

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Mercom Research Focus

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Open Access

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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 Installs 1.6 GW of Rooftop Solar in 2022, Down 4% YoY

India added 1.6 GW of rooftop solar capacity in the calendar year (CY) 2022, nearly a 4% decline year-over-year (YoY), compared to 1.7 GW in 2021, according to Mercom...

March 1, 2023

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Arjun Joshi

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Mercom Research Focus

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Rooftop

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Solar
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Is the Recent Module Price Drop an Outlier or a Developing Trend?

Prices of solar modules imported from China are trending downward, worrying domestic manufacturers because they can’t compete if prices keep declining. Imported module...

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Average Cost of Large-Scale Solar Projects Up 7.3% YoY in 2022

The average cost of large-scale solar projects in the fourth quarter (Q4) of the calendar year (CY) 2022  increased by 7.3%, year-over-year (YoY), according to Mercom...

February 28, 2023

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Arjun Joshi

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Mercom Research Focus

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Solar
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India Installs a Record 13 GW of Solar Capacity in 2022, Up 27% YoY

India added 13 GW of solar capacity in the calendar year (CY) 2022, a 27% increase year-over-year (YoY), compared to 10.2 GW installed in CY21. However, several...

February 22, 2023

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Arjun Joshi

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Mercom Research Focus

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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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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...

January 24, 2023

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Arjun Joshi

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Manufacturing

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Mercom Research Focus

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Solar
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India’s Solar Module Manufacturing Ambitions Underpinned by Imported Technology

As India embarks on the journey towards self-sufficiency in manufacturing components needed for solar projects, the enormity of the challenge has become increasingly...

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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,...

February 6, 2023

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Gautamee Hazarika

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Manufacturing

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Mercom Research Focus

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Modules

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Solar
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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...

January 31, 2023

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Arjun Joshi

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Mercom Research Focus

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Solar
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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...

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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...

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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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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...

January 25, 2023

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Arjun Joshi

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C&I

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Mercom Research Focus

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Solar

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