54.5k high speed electric vehicles sold in H1-2020 in India
54,5k high speed electric vehicles sold in H1-2020 in India High-speed (HS) electric vehicles (Top speed – >25 kmph) have a longer gap to bridge with the minds of the Indian consumers than their Low-speed counterparts. The former constitute a minute share of total EV stock of India. As the ...
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Webinar Insights: Impact of Basic Custom Duties (BCDs) on Indian Solar Sector
Webinar Insights: Impact of Basic Custom Duties (BCDs) on Indian Solar Sector As India is bracing to achieve its target of 100 GW of solar energy by 2022, there are issues related to increasing import bills due to solar photovoltaics. India’s module and cell manufacturing remains below par when compared ...
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India saw historic low solar tariff of INR 2.36/ kWh
India saw historic low solar tariff of INR 2.36/ kWh Today, Solar Energy Corporation of India (SECI) conducted its first reverse auction of a 2 GW solar tender under ISTS (Tranche IX) after a gap of four months due to the COVID-19 lockdown. Earlier last week, the tender received an ...
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Overwhelming response to SECI, 2 GW, ISTS (Tranche-IX) solar tender
Overwhelming response to SECI, 2 GW, ISTS (Tranche-IX) solar tender Solar Energy Corporation of India’s (SECI) tender for 2 GW of Interstate Transmission System (ISTS) connected Solar PV Project under tranche IX has received an overwhelming response from the project developers resulting into an over-subscription by about 2.35 GW. The ...
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Chhattisgarh, CREDA invites bid for 20 MW rooftop solar projects
Chhattisgarh, CREDA invites bid for 20 MW rooftop solar projects The Chhattisgarh State Renewable Energy Development Agency (CREDA) has issued a tender to empanel rooftop solar installers and the deadline for the submission of bids is July 1, 2020, while the date for the opening of the financial bid has ...
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Next wave of growth in the renewable sector to be fueled by UMREPPs
Next wave of growth in the renewable sector to be fueled by UMREPPs In December 2014, MNRE rolled out its scheme for “Development of Solar Parks and Ultra-Mega Solar Power Projects” with an objective to facilitate the solar project developers to set up projects in a plug and play model ...
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Webinar Insights: Electric Two Wheeler India Market Outlook post COVID-19
Webinar Insights: Electric Two Wheeler India Market Outlook post COVID-19 As the economy strives to revive itself from the disruption caused by the COVID-induced lockdown, a myriad of entities across the socio-economic spectrum foresee an uncertain future. Yet, there are some like e-mobility which is not only accelerating the wheels ...
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EV Central Policy: Tracing key milestones
EV Central Policy: Tracing key milestones The growth engine of the electric vehicle market would be fuelled by various drivers, of which strong governmental push and affordability would play key roles. NITI Aayog is targeting 30% EV penetration in India by 2030. To make EV adoption easier for manufacturers and ...
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Electric 2-Wheelers to clock sales of 34 lakh units by 2025
Electric 2-Wheelers to clock sales of 34 lakh units by 2025: JMK Research Since FY2016, the Indian electric two-wheeler market has grown at a CAGR of 62%. The FY2020 sales of electric two-wheelers stood at 152,000 units, which is a marginal increase of 20% over the previous year. This YOY ...
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Okinawa takes the lead in high speed E2W market with 36% share
Okinawa takes the lead in high speed E2W market with a 36% share In FY2020, in high speed (>25 kmph speed) E2W market, Okinawa is the biggest player selling more than 10,000 units with 36% market share, followed by Hero Electric with about 27% share (7.400 units sold) and Ather ...
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34 new electric two-wheeler models launched in the last 2 years
34 new electric two-wheeler models launched in the last 2 years In the last two years, about 14 new electric two wheeler models with speed under 25 kmph and 20 models with a top speed in the range of 40-147 kmph were launched. However, the market didn’t see any new ...
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$600 million of investments raised in last two years by electric two-wheeler companies
$600 million of investments raised in the last two years by electric two-wheeler companies Initially, a lot of product-led electric two-wheeler (E2W) startups faced difficulty in getting investors on-board due to lack of consumer awareness, policy clarity, and market visibility. However, with the entry of significant two-wheeler brands such as ...
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Barriers to Electric Two-Wheeler (E2W) Adoption in India: Consumer perspective
Barriers to Electric Two-Wheeler (E2W) Adoption in India: The consumer perspective Two-wheelers, in general, have always had a special bond with the Indian consumers. Being the ‘vehicle-of-choice’ for common Indians, the ICE 2-wheelers enjoy this distinct status supported by attractive vehicle economics (in terms of both price and fuel) and ...
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Electric two-wheeler market to cross 2 million units by 2025: CXO Survey Findings
Electric two-wheeler market to cross 2 million units by 2025: CXO Survey As per JMK Research & Analytics “E2W CXO Survey”, most industry experts feel that the electric two-wheeler (E2W) market size is likely to cross 20 lakh units in the next 5 years in India. 60% of the survey ...
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Recent rooftop solar policies in India (Jan-Mar 2020)
Recent rooftop solar policies in India (Jan-Mar 2020) Various rooftop solar policies, regulations and notifications are released in last quarter in India (Q1 2020). Brief summary of the notifications along with our assessment are highlighted below: Kerala Electricity Regulatory Commission Issues Renewable Energy and Net Metering Regulations, 2020 Under these ...
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Impact of EV transition on domestic auto ancillary market
Impact of EV transition on domestic auto ancillary market Regarded as the world’s sourcing hub for automobile components, the Indian auto component industry has witnessed strong revenue growth of about 13% CAGR from 2013 to 2019 to reach USD57 billion[1]. Out of the total FY2019 revenue of USD57 billion, approx ...
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Summary of Draft Electricity Amendment Act – 2020
Summary of Draft Electricity Amendment Act – 2020 Ministry of Power has issued a draft for the amendment of Electricity Act 2003 and advised stakeholders to submit their comments, suggestions and objections till the deadline June 5, 2020. The highlights of the amendments proposed to include in the Electricity Act, ...
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Impact of COVID-19 pandemic on the renewable sector
Impact of COVID-19 pandemic on the Indian renewable sector In the wake of the COVID-19 pandemic, the Indian renewable sector is dealing with rising uncertainties. Because of lockdown, the sector is grappled with falling power demand, poor health of DISCOMs, supply chain disruption for under-construction projects, shortfall of labor, delays ...
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FY2020 solar and wind installations fell short of target by 26%
FY2020 solar and wind installations fell short of the target by 26% forecasting scheduling As per MNRE, in FY2020 (April 2019 till March 2020), about 5.7 GW of new utility-scale solar capacity was added in India. This is about 24% lesser than the government target of 7.5 GW set for ...
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One-third of 40 GW rooftop solar target expected to be achieved by 2022
solar rooftop 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 ...
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Tariffs for RE storage tenders competing with thermal
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 ...
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Policy updates- Jan 2020
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 ...
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India installs 7.5 GW of utility scale solar and 2.4 GW of wind in CY2019
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 ...
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Solar with storage is an economically viable solution for most C&I consumers across India
Solar with storage is an economically viable solution for most C&I consumers across India As per the Central Electricity Authority (CEA) estimates, the share of renewable energy generation in total energy mix, would increase from 18% in 2019 to 44% by 2030, while the share of thermal is likely to ...
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Land procurement: The biggest hurdle for solar and wind projects
Land acquistion is the biggest hurdle for solar and wind project developers in India. In India, the land is a state subject, which means various state government agencies, including- revenue department, panchayat, state nodal agencies, among others, are involved in giving approvals to procure/ lease the land. The involvement of ...
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RE installations to peak in 2020: 11 GW solar and 4 GW wind likely to be added
Renewable installations to peak in 2020: 11 GW solar and 4 GW wind likely to be added Solar The utility scale solar segment saw an addition of 4 GW in the first three quarters of 2019 and is expected to add another 4.5 GW in the last quarter. This cumulative ...
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Rooftop solar PV with storage: Now a viable solution
Rooftop solar PV with storage: Now a viable solution The declining cost of lithium-ion batteries, along with that of solar, is likely to change the future dynamics of the Indian power sector. Several countries such as Australia, US, Germany, among others, have already endorsed solar power with battery storage. The ...
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Offshore Wind Energy in India- A territory ready to be explored
Offshore Wind Energy in India- A territory ready to be explored Offshore wind turbines harness sea winds to generate power. They work in the same way as an onshore wind turbine, the only difference being that in offshore wind, turbines can be either installed on a permanent foundation attached to ...
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Recycling of lithium-ion batteries in India- $1,000 million opportunity
Recycling of lithium-ion batteries in India- $1,000 million opportunity The lithium-ion batteries market is expected to grow exponentially in the next five years in India. Some of the important initiatives by the Government of India that will accelerate the growth of lithium-ion batteries market in India are: National Electric Mobility ...
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Wind solar hybrid model struggling to take off in India
Wind solar hybrid model struggling to take off in India In last one year, several central and state agencies issued more than 3.2 GW of wind-solar hybrid tenders. Although, auctions for 2.4 GW of tenders have been materialized, only 1.6 GW is allotted (~35% under subscription). The auctions saw participation ...
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Slump in wind sector: Falling capacity addition, rising tender under-subscription
Slump in wind sector: Falling capacity addition, rising tender under-subscription The share of wind energy sector, in overall renewable portfolio of India, has lately seen a sharp fall. This is mainly attributed to sluggish growth of sector and rise in share of solar projects. As of July 31, 2019, the ...
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Restrictive guidelines under KUSUM and Rooftop Phase II scheme to impact system integrators
Restrictive guidelines under KUSUM and Rooftop Phase II scheme to impact system integrators Last month, MNRE launched two schemes, KUSUM and Rooftop Phase II (SRISTI) with installation target of about 30 GW expected to be achieved by 2022. This 30 GW target includes nearly 26 GW capacity for pumps and ...
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In FY2019, OPEX model based onsite solar installations doubled in size
In FY2019, OPEX model based onsite solar installations doubled in size As of March 31, 2019, OPEX model based projects hold more than 37% share of cumulative onsite[1] solar installations in India. Under the OPEX model, a Renewable Energy Service Company (RESCO) invests, builds and maintains a rooftop/ onsite solar ...
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5.3 GW of Floating Solar Projects under various stages of development in India
5.3 GW of Floating Solar Projects under various stages of development in India Last week, Uttar Pradesh Cabinet cleared 150 MW floating solar plant on Rihand dam. It will be the biggest such plant in India and is expected to be commissioned by May 2020. ReNew got 100 MW while ...
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Impact of Forecasting & Scheduling (F&S) regulations on RE generators
Impact of Forecasting & Scheduling (F&S) regulations on RE generators So far, 15 states have come up with their final Forecasting & Scheduling (F&S) regulations for RE generators. Most of the states have made it mandatory, for plants above 5 MW size, to have a forecasting mechanism in place. Some ...
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KUSUM Scheme- Summary of Implementation guidelines
KUSUM Scheme- Summary of Implementation guidelines The scheme aims to add a solar capacity of 25,750 MW by 2022 with the total Central Financial Support of INR 34,422 crore. Component A: 10,000 MW of decentralized ground-mounted, grid-connected renewable power plants (500 kW- 2 MW) will be set up Role of ...
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C&I segment holds about 22% share of total solar installations in India
C&I segment holds about 22% share of total solar installations in India Commercial and Industrial (C&I) segment holds about 70% of all rooftop solar installations (nearly 3 GW) in India while in the utility-scale solar market it has about 13% share (>3.5 GW) under third party sale/ Open access/ captive ...
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Storage tenders of 169 MWh capacity issued in last one year in India
Storage tenders of 169 MWh capacity issued in last one year in India Government of India expects to achieve a renewable energy capacity target of 260 GW by 2024. To support this growing share of renewables in the country, according to CEA, we require at least 136 GWh of energy ...
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Andhra Pradesh PPA cancellation/ renegotiation controversy: Acme, Tata, Vector Green and Greenko assets at maximum risk
Andhra Pradesh PPA cancellation/ renegotiation controversy: Acme, Tata, Vector Green and Greenko assets at maximum risk Last month, in Andhra Pradesh, the newly appointed chief minister Mr. YS Jaganmohan Reddy, has constituted a High Level Negotiation Committee (HLNC) to revisit solar and wind power purchase contracts as it is believed ...
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MERC (Distribution and Transmission Open Access), 1st Amendment, June 2019
MERC (Distribution and Transmission Open Access), 1st Amendment, June 2019 MERC issued 1st Amendment to Distribution Open Access (DOA) Regulations and Transmission Open Access Regulations (TOA). The summary of the proposed amendments is: Consumers intending to have Roof-Top Solar Photo Voltaic Systems can simultaneously avail open access under these Regulations ...
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Net metering regulations in India: As solar makes inroads, DISCOMs push back
Net metering regulations in India: As solar makes inroads, DISCOMs push back In last few months, it is seen that there are regressive net metering orders/ regulations from state governments in certain key states. Uttar Pradesh, Tamil Nadu, Rajasthan and Maharashtra are some of the states which have taken such ...
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Impact assessment of KUSUM scheme on Solar water pumps market
Impact assessment of KUSUM scheme on Solar water pumps market In February 2019, Cabinet Committee on Economic Affairs (CCEA) approved the launch of Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM) scheme. Under this scheme, the government has set a target to install 25,750 MW of solar capacity by 2022, consisting ...
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Solar projects installation trends in FY 2019 – Third party sale
Solar projects installation trends in FY 2019 - Third party sale In FY 2019, about 270 MW of third party sale/ Open access (OA) solar projects are installed which is 83% lesser than previous year installation (1,685 MW). In FY 2018, about 86% of total OA solar projects (1,450 MW) ...
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Viability of Open access/ third party sale solar projects in India
Viability of Open access/ third party sale solar projects in India In last one year, various states including Andhra Pradesh, Haryana, Karnataka, Rajasthan, Tamil Nadu and Maharashtra have either withdrawn their Open access (OA) benefits for renewable projects or have not extended their OA benefits beyond March 2019. In Andhra ...
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