Mercom Research Focus

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Enabling Policies Drive Rajasthan’s Solar Open Access Projects in Q1 2024

According to Mercom India’s Q1 2024 Solar Open Access Market Report, India added 1.8 GW of solar open access capacity in Q1 2024, with Rajasthan leading with...

August 2, 2024

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Joydeep Sinha Roy

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Mercom Research Focus

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Open Access

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Solar
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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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Rooftop Solar Vendors Complain of Subsidy Delays in PM Surya Ghar Program

The PM Surya Ghar Program, which aims to install 10 million rooftop solar projects across India, continues to grapple with challenges ranging from subsidy disbursements...

July 3, 2024

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Arshreet Singh

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Mercom Research Focus

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Rooftop

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Solar
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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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Shortage of Power Transformers Threatens India’s Solar Expansion

Solar developers are facing longer lead times for power transformers as manufacturing capacity for this key component in large-scale solar projects has failed to keep...

June 25, 2024

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Arshreet Singh

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Mercom Research Focus

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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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Favorable Policies Spark Solar Open Access Growth Across India

India achieved 1.8 GW of solar open access capacity in the first quarter of 2024, doubling from 909.3 MW in Q4 2023, according to the Q1 2024 Mercom India Solar Open...

June 14, 2024

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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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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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Steep Generation Duty Hike Casts Shadow Over Kerala’s Rooftop Solar Program

The recent hike in electricity generation duty from ₹0.012 (~$0.00014)/kWh to ₹0.15 (~$0.0018)/kWh for rooftop solar systems in Kerala is threatening to disrupt the pace...

June 10, 2024

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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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Implementation Issues Continue to Plague the Rollout of PM Surya Ghar Yojana

The PM Surya Ghar Yojana, an initiative by the government to install rooftop solar systems in 10 million households, has hit several roadblocks in its implementation...

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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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