JMK Research & Analytics

Gujarat Renewable Energy Policy 2023 Gujarat has come with a comprehensive RE policy that covers all major renewables and encourages setting up of renewable generation projects based on Wind, Solar and Solar-Wind Hybrid technologies. Following are the key highlights of this policy: Category Policy Operative Period 5 years validity up to 30th Sept 2028, However, the benefits will be applicable for a period of 25 years from the date of commissioning or the life of the RE project Targets The…

Rajasthan Renewable Energy Policy, 2023 The State Government announced the Rajasthan Renewable Energy Policy, 2023, a strategic step towards sustainability. The new policy aims to reach 65GW of solar capacity and 15GW of wind-solar hybrid by 2030. Following are the key highlights of this policy: Category Current Policy Previous Policy Renewable Energy Target 90,000 MW of renewable capacity by 2029-30, including 65,000 MW solar, 15,000 MW wind and hybrid, and 10,000 MW hydro and storage. It also aims to promote…

Most States Struggle to Achieve their Electric Two-wheeler sales targets E-mobility has been heralded as a game-changer in India’s transportation sector, offering a sustainable and environmentally friendly solution to address the pressing challenges of pollution and fuel dependency. The early strides in adopting electric vehicles (EVs) can be largely attributed to a promising policy landscape at both the national and state levels. Numerous states across India have formulated their unique electric vehicle policies. While some states have set a segment-wise…

FAME III: Could it charge up the EV industry again? The FAME India scheme aims to incentivise electric vehicle OEMs and associated industries to increase domestic manufacturing of Electric Vehicles and to achieve 30% conversion of total transport into Electric Vehicles by 2030. The scheme is divided into 2 phases: Phase I and Phase II. During Phase I, INR 359 crores were provided to support 2.8 Lakh electric vehicles. The ongoing phase is FAME II with an allocated a budget…