mercom

India installed a record 15.3GW of solar capacity in the first quarter of 2026, according to new data from market research firm Mercom. 

Global corporate solar financing reached US$11.1 billion across 53 deals in the first quarter of 2026, according to Mercom.

India added 119GW of solar module and over 9GW of solar cell manufacturing capacity in 2025, according to Mercom’s latest report.

Average PV equipment costs for large-scale solar projects in India showed mixed trends in Q4 2025, said Mercom.

Total corporate funding in the solar PV industry reached US$22.2 billion in 2025, a 16% year-on-year decrease.

Global corporate financing in the solar industry reached US$6.5 billion in the third quarter of 2025, a 14% increase from the same period a year ago.

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.