JMK Research, Author at JMK Research & Analytics

One-third of 40 GW rooftop solar target expected to be achieved by 2022

March 12, 2020

One-third of 40 GW rooftop solar target expected to be achieved by 2022 As per JMK Research, by the end of 2022, the rooftop solar capacity in India is likely to reach 15-16 GW, which is only one-third of the 40 GW target set by the Government. In CY2019, India added about 2.1 GW of new rooftop solar capacity, and we are estimating another 2.5-3 GW of new rooftop solar capacity likely to be added in CY2020. However, there can…

Tariffs for RE storage tenders competing with thermal

February 12, 2020

JMK Research

Market trends

Tariffs for RE+storage tenders competing with thermal In the last one year in India, we have seen that there is a growth spurt in storage tender issuance; however, only for a few small tenders, the auctions are successful. In most other tenders, the storage capacity is so high that it leads to infeasible tariffs, and eventually to cancellations of many of these tenders. The one significant milestone for the storage sector is achieved last week, with the successful auction of…

Policy updates- Jan 2020

February 7, 2020

JMK Research

Policy and Regulations

RE Policy updates- Jan 2020 MNRE notifies list of Insurance Providers for Solar Power Plants To insure and protect the interest of solar energy industry stakeholders, MNRE has released a list of insurers offering products covering various risks associated with the solar power plants. The insurance providers include IFFCO Tokio GICL, HDFC Ergo GICL, The New India Assurance Co. Ltd., ICICI Lombard GICL, and Cholamandalam MS GICL offering various products for the solar plants. The various policies offered by the…

India installs 7.5 GW of utility scale solar and 2.4 GW of wind in CY2019

January 17, 2020

JMK Research

Market trends

India installs 7.5 GW of utility-scale solar and 2.4 GW of wind in CY2019 India’s renewable capacity installations reached 86 GW as of December 31, 2019. Wind is the major contributor with 44% share in total renewable mix, followed by solar with 39% share. In last one year, the share of solar rose by 5 percentage points to about 39%. In CY2019, about 7.5 GW of new utility-scale solar capacity was added, which is about 14% increase over the previous…

JMK Research

One-third of 40 GW rooftop solar target expected to be achieved by 2022

Tariffs for RE storage tenders competing with thermal

Policy updates- Jan 2020

India installs 7.5 GW of utility scale solar and 2.4 GW of wind in CY2019

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