JMK Research

Pump Hydro Storage and FDRE tenders accounted for 91% of the entire ESS tender issuance in 2023 Akin to the rise of renewables, large-scale tendering is playing a crucial role in the growth of the Energy Storage Systems (ESS) market in India. Over the past few years, grid-scale ESS tendering in India has had unprecedented growth. Remarkably, tender issuance for grid-scale ESS in India (including pump hydro storage) has shot up by >35 GW in 2023 alone. Over the years,…

India added 12.9 GW of solar and wind capacity in CY2023, a decline of 18% In the calendar year (CY) from January 2023 to December 2023, India added solar wind power capacity of 12,822 MW with approximately 10,016 MW of solar capacity and 2,806 MW of wind capacity. Although solar installations decreased by 28%, the overall solar power growth in India remains a key focus in the renewable energy sector. Meanwhile, wind installations increased by 52% compared to CY2022. In…

Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme, 2023 Government of Delhi announced Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme on November 21, 2023. The scheme has set a timeline for fleet aggregators as well as the delivery service providers to ensure a phased conversion to electric mobility by 2030. With this scheme, Delhi becomes the pioneer in India which has not only aggregator guidelines but has also defined phase-wise electrification targets for the operators. Eligibility The…