JMK Research

4.45 GW utility scale RE tenders allotted in first two weeks of FY2024 First two weeks of April 2023 have seen a flurry of activity in utility scale RE market, with around 4.45 GW of tenders being allotted. The tenders allotted during these two weeks include three vanilla solar tenders, one wind solar hybrid (with energy storage) and one (Round-the-clock) RTC tender. Around half of these allotments (49.4%) is for non-vanilla RE tenders, including Wind Solar Hybrid (with energy storage)…

India added 12.8 GW solar capacity in FY2023 In Financial Year 2023 (FY) i.e., from April 2022 till March 2023, approximately 12,784 MW solar capacity and 2,276 MW of wind capacity was added in India. Although installations of solar projects have decreased by 8%, the overall solar power growth in India remains a key focus in the renewable energy sector. Meanwhile, wind installations increased significantly by 105% as compared to FY2022. In terms of cumulative installations, according to the data…