JMK Research

Targets in State Policies Need to Complement National EV Forecasts

November 23, 2022
JMK Research
Electric Vehicles

Targets in State Policies Need to Complement National EV Forecasts The electric automobile industry is growing at a rapid pace in India. Government policies (FAME-related), participation of start-ups in manufacturing, and the simultaneous growth in charging infrastructure has fuelled faster adoption of Electric automobile. A report by Government of India’s think-tank NITI Aayog, in partnership with Rocky Mountain Initiative (RMI) India, analyses that if FAME II and other measures are successful, India could realize EV sales penetration of 30% of…

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3.6 GW of Open Access RE Capacity Likely to be Added in FY2023

November 17, 2022
JMK Research
Market trends

3.6 GW of Open Access RE Capacity Likely to be Added in FY2023 In the past decade, the rise of renewable energy (RE) has also helped its open access market grow significantly. From around 300MW in 2009, the size of the RE open access market grew to ~10GW as of FY2022. Efforts by C&I consumers to lower electricity costs and meet sustainability goals, such as net-zero, are driving their uptake of RE. This is why India’s RE open access market…

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Simplifying Virtual Power Purchase Agreements (VPPA)- Indian perspective

November 9, 2022
JMK Research
Market trends

Simplifying Virtual Power Purchase Agreements (VPPA)- Indian perspective Currently, in India, C&I consumers avail RE power mainly through signing “physical power purchase agreements (PPA)” viz. either on-site (rooftop) or off-site (open access). These procurement models require real time accounting of power generated and consumed. As RE based power is highly variable in nature, C&I consumers fail to replace all of their consumption using physical PPA route. To counter this problem, virtual PPA (VPPA) has been explored by various players. Structure…

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Repowering: Extend new life into older wind projects

November 4, 2022
JMK Research
Market trends

Repowering: Extend new life into older wind projects India has started harnessing the wind power in the late eighties and as on 31st September 2022 the total wind power capacity installed in the country has reached 41.66 GW. The share of wind energy in the total installed capacity mix in the country also reached 10.2% as of September 30, 2022 However, everything in this world has an expiry date including wind turbines. India also has significant number of old wind…

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