mercom

Global solar corporate financing has decreased 24% in 2024, compared to the previous year, with US$26.3 billion, according to market research firm Mercom Capital Group.

India’s cumulative installed solar capacity stood at 87.2GW by the end of June 2024 and accounts for 19.5% of all power capacity installed.

Total global corporate funding for solar on the other hand is down year-on-year, according to Mercom Capital Group.

Indian solar installations increased by over 400% in the first quarter of 2024 to the highest quarterly deployment levels in its history.

French energy giant TotalEnergies is the top solar developer, according to research firm Mercom Capital Group's latest report.

Continuing a downward trend of capacity additions, India has added 1.7GW of solar capacity in the second quarter of 2023, according to consultancy Mercom India Research.

Solar installations in India were up 35% year-on-year (YoY) in Q1-3 2022, but the average system cost went increased 7.5% for the same period, according to consultancy Mercom Capital Group.

The top ten developers for utility-scale solar accounted for 125GW of operational, under construction and contracted projects between July 2020 and June 2021, according to a report from research firm Mercom Capital Group.

The financial adversity of India’s struggling distribution companies (Discoms) has been reflected in a significant downgrading in the latest rankings by the Ministry of Power, giving yet more concern for renewable energy players

Corporate funding in the global solar sector in the first half of 2022 was down 11% year-on-year as activity dropped especially during Q2, according to research from Mercom Capital Group.