mercom-research-focus

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Policy, Regulatory Changes That Shaped Solar Open Access in Q3 2025

India’s solar open access market saw a series of policy actions that shaped procurement trends throughout the quarter. The country added 6.1 GW of solar open access...

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Energy Banking Curbs, New ToD Tariffs Slow Maharashtra’s Solar Open Access Market

India’s cumulative solar open access capacity reached 27.9 GW in September 2025, with Maharashtra contributing about 17%, the second-largest share after Karnataka,...

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India’s Solar Exports Up 65% in Q3 2025, Imports Down 15.1%

India exported solar cells and modules worth over $344.5 million (~₹30 billion) in the third quarter (Q3) of 2025, a 65.2% year-over-year (YoY) increase from $208.5...

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India Added 6.1 GW of Solar Open Access Capacity in 9M 2025

India added 6.1 GW of solar open access capacity in the first nine months (9M) of 2025, increasing over 13% year-over-year (YoY) from 5.4 GW, according to Mercom India’s...

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Q3 2025 Sees Cost Drop in Large-Scale Solar Systems Across Module Types

The average system cost of large-scale solar projects remained low in the third quarter of 2025, with cost reductions seen across all module technologies. Projects using...

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India Added 4.9 GW Rooftop Solar Capacity in 9M 2025

India added 4.9 GW of rooftop solar capacity in the first nine months (9M) of the calendar year 2025, compared to 1.9 GW in the previous year, a 161% year-over-year...

November 25, 2025

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Meghana Prasad

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Mercom Research Focus

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Rooftop

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Solar
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Solar Installations in India Surge 53.7% YoY in 9M 2025 with 26.6 GW

India added a solar capacity of 26.6 GW in the first nine months (9M) of the calendar year (CY) 2025, an increase of 53.7% year-over-year (YoY) from 17.3 GW, according...

November 18, 2025

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Melvin Mathew

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Mercom Research Focus

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Solar

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Utility Scale
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51% of India’s Installed Renewable Capacity was Solar by Q3 2025

Solar power accounted for 25.1% of India’s total installed power capacity and 51% of the total installed renewable capacity as of September 2025. The solar capacity...

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Prolonged Monsoons Dampen Solar Power Generation by 11% QoQ in Q3 2025

India generated over 38.3 billion units (BU) of solar power in the third quarter (Q3) of 2025, representing a 20.4% year-over-year (YoY) increase. Solar generation...

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Rigid Deviation Settlement Limits Could Result in Higher Renewable Tariffs

The recent Central Electricity Regulatory Commission’s (CERC) proposal to tighten deviation limits for the scheduling and dispatch of power has raised concerns...

November 5, 2025

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Melvin Mathew

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Mercom Research Focus

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Solar

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T&D
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Energy Storage Attracts $2.8 Billion in Venture Capital in 9M 2025

Corporate funding for energy storage companies came in at $11.2 billion across 85 deals in the first nine months (9M) of 2025, down 36% year-over-year (YoY) from $17.6...

November 4, 2025

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Staff

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Energy Storage

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Market & Policy
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India’s Wind Energy Installations Up 105% YoY in Q3 2025

India added 1.4 GW of wind energy capacity in the third quarter (Q3) of 2025, a 105% year-over-year (YoY) increase from 706.5 MW in Q3 2024, according to Mercom India...

October 28, 2025

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Sowndhiga U

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Mercom Research Focus

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Wind
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Global Solar Sector Attracts $17.3 Billion Corporate Funding in 9M 2025, Down 22% YoY

Total corporate funding, including venture capital funding, public market, and debt financing, for the solar sector globally, stood at $17.3 billion in the first nine...

October 24, 2025

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Arjun Joshi

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Finance and M&A

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Mercom Research Focus

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Solar
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India Added 48.4 MWh of Energy Storage Capacity in 1H 2025

India added 48.4 MWh of energy storage capacity in the first half (1H) of 2025, a 74% decline from 186 MWh added in the same period last year, according to the newly...

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India Adds 44 GW of Solar Module Capacity in 1H 2025

India added 44.2 GW of solar module capacity and 7.5 GW of solar cell capacity in the first half (1H) of 2025, according to the recently released Mercom India research...

September 30, 2025

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Melvin Mathew

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Manufacturing

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Mercom Research Focus

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Solar

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