utility-scale

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Top Five States for Utility-Scale Solar in 2023 [Infographics]

The cumulative utility-scale solar installations in India stood at 59.1 GW at the end of September 2023, according to Mercom India’s latest available data. The...

December 30, 2023

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Gautamee Hazarika

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Mercom Research Focus

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Solar

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Utility Scale
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US Adds 5.6 GWdc of New Solar Capacity in Q2 2023: Report

The U.S. solar industry installed 5.6 GWdc of new capacity in the second quarter (Q2) 2023, a year-over-year increase of 20%, according to the U.S. Solar Market Insight...

September 8, 2023

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Rakesh Ranjan

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Markets & Policy

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Solar

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Uncategorized
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India Installs 1.7 GW of Solar Capacity in Q2 2023, Down 58% YoY

India installed 1.7 GW of solar capacity during the second quarter (Q2) of 2023, a 58% decline year-over-year (YoY), according to Mercom India Research’s Q2 2023...

August 23, 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’s Residential Rooftop Solar Business Grew 87% YoY in Q1 FY24

Tata Power, an integrated power company, reported a net profit of ₹11.41 billion (~$137.71 million) in the first quarter (Q1) of the financial year (FY) 2024, marking a...

August 10, 2023

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Rakesh Ranjan

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Finance and M&A

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Other
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Swift Current Energy Secures $779 Million for 593 MW Solar Project in US

Swift Current Energy, a U.S.-based utility-scale renewable developer, has secured $779 million in financing for its Double Black Diamond Solar project, with a capacity...

August 9, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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Energix Renewables Secures $520 Million for Six Solar Projects in the US

Energix Renewables, a U.S.-headquartered independent power producer, has closed two project financing transactions totaling $520 million with Santander Corporate &...

June 30, 2023

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Gautamee Hazarika

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Solar

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Utility Scale
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Average Cost of Large-Scale Solar Projects Down for the First Time in 11 Quarters

The average cost of large-scale solar projects in the first quarter (Q1) of the calendar year (CY) 2023 decreased by 5% quarter-over-quarter (QoQ) for the first time in...

June 6, 2023

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Rakesh Ranjan

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Mercom Research Focus

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Solar
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IEA Forecasts Utility-Scale Solar Additions in India to Drop 20% in 2023

The International Energy Agency (IEA) has forecast a slowdown in India’s utility-scale solar projects in 2023 and 2024 due to a module shortage, lower auction...

June 2, 2023

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Arjun Joshi

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Markets & Policy

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Solar

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Utility Scale
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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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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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US Utility-Scale Solar Installations Drop 31% in 2022

Utility-scale solar installations in the United States dropped by 31% to 11.8 GW in 2022 compared to 2021 owing to uncertainties from the anti-circumvention probe and...

March 10, 2023

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Gourav Mishra

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Other

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Renewable Energy
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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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Karnataka Regulator Moots ₹3.64/kWh Tariff for Utility-Scale Solar Projects

The Karnataka Electricity Regulatory Commission (KERC) has proposed a benchmark cost-plus tariff of ₹3.64 (~$0.044)/kWh for utility-scale solar power projects for the...

February 10, 2023

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Rakesh Ranjan

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Markets & Policy

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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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