JMK Research

Andhra Pradesh Issues US$ 119 billion Integrated Clean Energy (ICE) Programme

October 18, 2024
JMK Research
Market trends

Andhra Pradesh Issues US$ 119 billion Integrated Clean Energy (ICE) Programme In a bid to transform Andhra Pradesh into a clean energy hub and achieve net zero by 2047, the state government has issued its Integrated Clean Energy (ICE) policy on 17th October 2024. The policy with a control period of 5 years until 2029 envisages approximately Rs. 10 lakh crore (US$ 119 billion) of investment inflow and 160 GW of new installed RE capacity. The policy looks to leverage…

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From ICE to EV: Traditional Players Navigating Change

September 18, 2024
JMK Research
Electric Vehicles

From ICE to EV: Traditional Players Navigating Change The rapid shift towards Electric Mobility has compelled the traditional Indian automotive industry to shift gears and embrace EVs. From personal vehicles, including two-wheelers and cars, to public transportation options, such as three-wheelers and buses, although the pace of EV adoption has varied across the segments, there is a clear trend towards greener, more sustainable transportation solutions. This transition presents a unique landscape where traditional Internal Combustion Engine (ICE) vehicles continue to…

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Cabinet approves PM E-Drive scheme with outlay of INR 10,900 Crore

September 12, 2024
JMK Research
Electric Vehicles

Cabinet approves PM E-Drive scheme with outlay of INR 10,900 Crore In a significant move towards promoting electric mobility, the Indian government has launched the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) scheme. This initiative, managed by the Ministry of Heavy Industries, marks a crucial step forward from the expiring FAME scheme and aims to accelerate the adoption of electric vehicles (EVs) across various segments. Policy Timeline: Budgetary Outlay and Coverage: With a budget of INR 10,900…

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Solar and wind capacity added in H12024 outpaced CY2023 installations

August 8, 2024
JMK Research
Market trends

Solar and wind capacity added in H12024 outpaced CY2023 installations In H12024, from January to June, India added about 12,156 MW of Solar Capacity and 1,920 MW of Wind Capacity. This marks a 78.9% increase for solar installations and 2.3% for wind installations compared to the same period in 2023. Notably, the total capacity added in the first half of 2024 has already surpassed the total additions in CY2023. With these new additions, India’s total installed renewable energy (RE) capacity…

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