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Most States Struggle to Achieve their Electric Two-wheeler sales targets

Most States Struggle to Achieve their Electric Two-wheeler sales targets E-mobility has been heralded as a game-changer in India's transportation sector, offering a sustainable and environmentally friendly solution to address the pressing challenges of pollution and fuel dependency. The early strides in adopting electric vehicles (EVs) can be largely attributed ...
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FAME III: Could it charge up the EV industry again?

FAME III: Could it charge up the EV industry again? The FAME India scheme aims to incentivise electric vehicle OEMs and associated industries to increase domestic manufacturing of Electric Vehicles and to achieve 30% conversion of total transport into Electric Vehicles by 2030. The scheme is divided into 2 phases: ...
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10 states under various stages of implementation of Green Open Access Rules (GOAR)

10 states under various stages of implementation of Green Open Access Rules (GOAR) Green Open Access Rules (GOAR) were issued by Ministry of Power (MoP) in June 2022. The rules were hailed by the industry stakeholders as a landmark achievement which would catalyse the commercial & industrial (C&I) open access ...
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H1 2023 Recap: Solar Installations fell by 19%, wind rises by 166%

H1 2023 Recap: Solar Installations fell by 19%, wind rises by 166% From January 2023 till June 2023, about 6,794 MW solar capacity and 1,878 MW wind capacity was added in India. Solar capacity addition is about 19% lower compared to the same period in the previous year. However, within ...
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FAME II Revision: 21% average price hike by E2W OEMs and over 55% decline in sales in June 2023

FAME II Revision: 21% average price hike by E2W OEMs and over 55% decline in sales in June 2023 On May 19, 2023, the government announced reduction in FAME-II subsidy on electric two wheelers registered on or after June 1, 2023. For electric two wheelers, the demand incentive is now ...
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4.45 GW utility scale RE tenders allotted in first two weeks of FY2024

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, ...
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India added 12.8 GW solar capacity in FY2023

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. Solar installations decreased by 8% while wind installations increased significantly by 105% as compared to ...
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50 GW RE tenders to be issued annually to achieve the 2030 target

50 GW RE tenders to be issued annually to achieve the 2030 target India has always shown its willingness in leadership to fight climate change. The country’s vision is to achieve Net Zero Emissions by 2070, in addition to attaining the short-term targets which include: Increasing renewables capacity to 500 GW by ...
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EV sales in India surpassed the 1 million mark in FY2023

EV sales in India surpassed the 1 million mark in FY2023 The year FY2023 has seen an overwhelming response for EV sales in India. EV sales in the country surpassed the 1 million mark in a year for the first time. While total EV sales were just above 4.5 lakh ...
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39.6 GW cumulative solar PV module manufacturing capacity allotted under PLI Tranche 2

39.6 GW cumulative solar PV module manufacturing capacity allotted under PLI Tranche 2 On 18th November 2022, the Solar Energy Corporation of India (SECI) issued the tender for the second tranche of the production-linked incentive (PLI) scheme for setting up manufacturing capacities for high efficiency solar PV modules in India ...
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Under FAME II, 70% funds remaining to be utilized

Under FAME II, 70% funds remaining to be utilized The Government of India (GoI) had approved the scheme titled 'Faster Adoption and Manufacturing of Electric (&Hybrid) Vehicles in India' (FAME India) in March, 2015 for a period of 2 years. On 8th March 2019, the Ministry of Heavy Industries (MHI) ...
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EV manufacturing in Rajasthan gets impetus with 5 industrial corridors being promoted as EV, battery manufacturing hubs

5 industrial corridors being promoted as EV, battery manufacturing hubs in Rajasthan As announced in the state EV policy, the government of Rajasthan in January 2023 affirmed that it will work on developing five industrial corridors as Electric Vehicle (EV) and batteries manufacturing sectors along with incentives to promote use ...
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India witnessed a spectacular EV show in 2022 with 212% y-o-y growth

India witnessed a spectacular EV show in 2022 with 212% y-o-y growth The year 2022 has been a fantastic year for electric vehicle (EV) sales in India. The annual EV sales crossed the 1-million mark for the first time in 2022, amounting to 10,75,859 units. This implies a 212% growth ...
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Uttar Pradesh: Leading the EV transition in India

Uttar Pradesh: Leading the EV transition in India Uttar Pradesh (U.P.) leads the count of the maximum number of electric vehicles (EVs) in the country (4,14,978), followed by Delhi (1,83,074) and Maharashtra (1,79,087). The state of U.P. tops the list for EV sales due to the widespread use of electric ...
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National Green Hydrogen Mission – What it entails about India’s clean energy ambitions?

National Green Hydrogen Mission – What it entails about India’s clean energy ambitions? India has declared the goal to achieve Net Zero emissions by 2070. As India goes through rapid economic growth, its demand for energy and resources is set to rise. This stresses the need to shift towards technologies ...
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India added ~11 GW of utility scale solar capacity in 2022; 47% higher than 2021 installations

India added ~11 GW of utility scale solar capacity in 2022; 47% higher than 2021 installations From January 2022 till December 2022, approximately 13,956 MW solar capacity and 1,847 MW of wind capacity was added in India. This is about 17.5% and 26.6%, respectively, higher compared to 2021. In terms ...
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How electric vehicle retrofitting can be a viable solution to limiting vehicular emissions in India

How electric vehicle retrofitting can be a viable solution to limiting vehicular emissions in India The Government of India has set an ambitious target for electric vehicles (EV) alongside plans to reduce carbon emissions via diesel and petrol engines significantly by 2030. With this in view, the country is taking ...
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India’s Planned RE Capacity of 537 GW by 2030 to Require US$30 billion of New Transmission Systems

India’s Planned RE Capacity of 537 GW by 2030 to Require US$30 billion of New Transmission Systems On 7th December 2022, the Ministry of Power and New & Renewable Energy (MNRE) launched a plan to develop a transmission system for integration of 537 GW renewable energy (RE) capacity by 2030 ...
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Odisha Targets 10+ GW of RE Capacity by 2030 Under New Renewable Energy Policy

Odisha Targets 10+ GW of RE Capacity by 2030 Under New Renewable Energy Policy The government of Odisha notified ‘Odisha Renewable Energy Policy, 2022’, its latest renewable energy (RE) policy, on 30th November 2030. This policy will remain in effect till 31st March 2030, or until a new policy is ...
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Uttar Pradesh Issues New Solar Policy, Targets 22 GW of Solar Power by 2026-27

Uttar Pradesh Issues New Solar Policy, Targets 22 GW of Solar Power by 2026-27 On 16th November 2022, the Uttar Pradesh (UP) government approved the state’s new solar energy policy known as Uttar Pradesh Solar Energy Policy 2022. The policy supersedes the state’s 2017 solar policy which was cleared on ...
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More than 23 GW of RE assets acquired in India So Far

More than 23 GW of RE assets acquired in India So Far With the demand for RE growing unabatedly in the country, more and more companies are vying to get hold of a considerable share of the Indian RE market. Some of these companies are either entering the Indian RE ...
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Promoting electric bike-taxis for clean transportation in India

Promoting electric bike-taxis for clean transportation in India India has been and continues to be a proponent of Shared Mobility. The country has low penetration of cars and relies instead on public transit and intermediate public transport, two-wheelers, and walking and cycling for its daily travel needs. With this context, ...
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SECI Invites Bids for Selection of Solar Module Manufacturers Under Centre’s INR 19,500 Crore Solar PLI Scheme

SECI Invites Bids for Selection of Solar Module Manufacturers Under Centre’s INR 19,500 Crore Solar PLI Scheme On 18th November 2022, the Solar Energy Corporation of India (SECI) issued the tender for the second tranche of the production-linked incentive (PLI) scheme under ‘National Programme on High Efficiency Solar PV Modules’ ...
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Targets in State Policies Need to Complement National EV Forecasts

Targets in State Policies Need to Complement National EV Forecasts The automobile industry, especially the Electric Vehicle market, 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 Vehicles. A report ...
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3.6 GW of Open Access RE Capacity Likely to be Added in FY2023

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 ...
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Simplifying Virtual Power Purchase Agreements (VPPA)- Indian perspective

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 ...
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Repowering: Extend new life into older wind projects

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 power in the total installed capacity mix in ...
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Charging Stations – Requirement of more than 20 lakh on the anvil

Charging Stations – Requirement of more than 20 lakh on the anvil India is at the cusp of witnessing the most prominent transition in the automotive space – that of traditional Internal Combustion Engine (ICE) driven market to a new era of EVs. The pace of EV adoption, though slow, ...
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Battery Swapping Policy (2022) – Laying Groundwork for Future Battery Accessibility

Battery Swapping Policy (2022) – Laying Groundwork for Future Battery Accessibility The Government of India allowed sales and registration of EVs without batteries in August 2020. The immediate outcome of this announcement is the reduction in upfront costs of an electric two-wheeler (E2W) and electric three-wheeler (E3W) as battery accounts ...
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With less than 4 months to go, India is 39 GW away from its 2022 solar target

With less than 4 months to go, India is 39 GW away from its 2022 solar target Back in 2015, the government of India (GoI) had set the target of achieving 100 gigawatt (GW) of grid-connected solar installation by 2022. The cumulative installed capacity of solar in India, as of ...
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Green Energy Tariff: Purchasing Electricity With Green Attributes From DISCOMs

Green Energy Tariff: Purchasing Electricity With Green Attributes From DISCOMs Power consumers of India are becoming increasingly conscious about the source of electricity consumed by them. A growing number of consumers, especially in the C&I segment, are opting to switch to renewable energy (RE). And to enable this transition, there ...
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Total enlisted module capacity under latest ALMM list crosses 18 GW and 66 manufacturers

Total enlisted module capacity under latest ALMM list crosses 18 GW and 66 manufacturers The government introduced “Approved List of Models and Manufacturers” (ALMM) in 2019-20 to benchmark Indian manufactured solar cells and modules as well as support development of domestic manufacturing industry. All government utility scale, net metering and ...
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India Added 8.4 GW of Solar Capacity in the First Half of 2022

India Added 8.4 GW of Solar Capacity in the First Half of 2022 From January 2022 till June 2022, about 8,359 MW solar capacity was added in India. This is about 71% higher compared to the same period in the previous year. In terms of cumulative installations till June 2022, ...
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Top 5 Government Policies And Notifications That Impacted RE Sector Last Year

Top 5 Government Policies And Notifications That Impacted RE Sector Last Year The growth of renewable energy (RE) market in India is highly dependent on the policy and regulatory environment. Consistent and potent policy measures and regulations, to catalyze the growth of RE, are of utmost importance for India. It ...
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PM-KUSUM Scheme Tender Issuance Fast-tracks in H1 2022; However, Capacity Allocation Remains A Laggard

PM-KUSUM Scheme Tender Issuance Fast-tracks in H1 2022; However, Capacity Allocation Remains A Laggard In 2019, the Indian government launched a national scheme for farmers with the intention of improving their energy security and de-dieselise the agriculture sector. The scheme is called Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan ...
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Green Open Access Rules: A Game Changer For The C&I Sector?

Green Open Access Rules: A Game Changer For The C&I Sector? The Ministry of Power (MoP) initially introduced green open access rules in the form of a draft, back in August 2021. After receiving public comments to the draft, the green OA rules was finalized and published as “Electricity (Promoting ...
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Delhi Government To Mandate Conversion Of Vehicles Of Aggregators To All-Electric By April 1, 2030

Delhi Government To Mandate Conversion Of Vehicles By Aggregators To All-Electric By April 1, 2030 After announcing the subsidy on electric cycles, the state of Delhi has once again taken a pro-active step to increase the adoption of EVs with the announcement of the Delhi Motor Vehicle Aggregator Scheme on ...
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In April 2022, Price of GTAM-traded Power Surged By 2.5–2.7X Year-on-Year

In April 2022, Price of GTAM-traded Power Surged By 2.5–2.7X Year-on-Year The exchange-based renewable energy (RE) market (or green power market) of India is growing at an encouraging pace. This market can be categorized into two sub-markets – green day-ahead market (GDAM)[1] and green term ahead market (GTAM)[2]. The green ...
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India Records 2.6X Y-o-Y Surge in Solar Installation in FY2021-22

India Records 2.6X Y-o-Y Surge in Solar Installation in FY2021-22 In the context of domestic solar installation, India has just passed through a record-breaking financial year. FY2021-22 saw 13.9 GW of solar installation in India. It is the first time when annual (FY) solar installation of India crossed 10 GW ...
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Karnataka Aims To Add 10 GW Of Renewables In The Next 5 Years

Karnataka Aims To Add 10 GW Of Renewables In The Next 5 Years Karnataka has been one of the top 3 Indian states in terms of highest renewable energy (RE) installation for the past several years. The cumulative installed RE capacity of the state is ~15.9 GW, as of March ...
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~38% Increase in Module Prices in last 20 Months (August 2020 – March 2022)

~38% Increase in Module Prices in last 20 Months (August 2020 – March 2022) In the past decade, the world has witnessed a solar boom. Annual Solar Installations across the globe have increased from 18 GW in 2010 to 183 GW in 2021 and is projected to increase to 334 ...
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New guidelines issued on procurement and utilization of BESS as part of generation, transmission and distribution assets

New guidelines issued on procurement and utilization of BESS as part of generation, transmission and distribution assets In India, the growth of renewable energy (RE) installation over the last decade is one of the most commendable success stories of the nation. Electricity generated from RE (VRE) such as solar and ...
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About 18 GW Of Module And 14 GW Of Cell Production Capacity To Be Added By CY2023 in India

About 18 GW Of Module And 14 GW Of Cell Production Capacity To Be Added By CY2023 in India Solar photovoltaic (PV) manufacturing industry of India, of late, has been receiving significant impetus. Currently, India has a PV manufacturing base of 18 GW for solar module and 4 GW for ...
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Decoding the EV Charging Guidelines issued by the Ministry of Power

Decoding the EV Charging Guidelines issued by the Ministry of Power With the growing demand and popularity of Electric Vehicles (EVs) in the country, there is a growing need for a sound EV for the industry to reach its potential. One of the most important requirements of an EV ecosystem ...
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Will ALMM Restriction Make A Dent On India’s Near-Term Progress?

Will ALMM Restriction Make A Dent On India’s Near-Term Progress? On 13th January, 2022, the Ministry of New and Renewable Energy (MNRE) issued amendments to the ‘Approved List of Models and Manufacturers (ALMM) of Solar Modules (Requirements for Compulsory Registration) Order, 2019’. The new notification from the ministry points to ...
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Closing In On The Deadline, Domestic Content Requirement Schemes Are Still Far Away From Their Targets

Closing In On The Deadline, Domestic Content Requirement Schemes Are Still Far Away From Their Targets Domestic content requirement (DCR) mandates the use of both solar cells and modules manufactured domestically as per specifications and testing requirements fixed by the Ministry of New and Renewable Energy (MNRE). The DCR was ...
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Enough but not enough– The present scenario of power demand and supply in India

Enough but not enough– The present scenario of power demand and supply in India This article appeared in the Indian Wind Power Association's (IWPA) WindPro Magazine-December 2021 issue and was authored by JMK Research and Analytics With the increasing need to reduce carbon emissions, renewable energy (RE) installations have seen ...
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Rooftop solar financing options for Prospective customers

Rooftop solar financing options for Prospective customers This is the fourth and final blog of our four-part blog series to assess and analyze the different routes via which C&I rooftop solar players are raising much-needed investments to further scale this sector and accelerate growth. So far, we have dived into ...
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India added 11.1 GW of solar capacity from January to November 2021

India added 11.1 GW of solar capacity from January to November 2021 India added about 11.1 GW of solar capacity from January 2021 till November 2021. This is about 249% higher compared to the installations done in 2020. In terms of cumulative installations, according to the data released by Ministry ...
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Assessing the Debt financing route to finance rooftop solar projects

Assessing the Debt financing route to finance rooftop solar projects This is the third blog of our four-part blog series to assess and analyze the different routes via which C&I rooftop solar players are raising much-needed investments to further scale this sector and accelerate growth. In the first and second ...
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Why are key players exiting the rooftop solar business?

Why are key players exiting the rooftop solar business? This is the second blog four-part blog series to assess and analyze the different routes via which C&I rooftop solar players are raising much-needed investments to further scale this sector and accelerate growth. In the first blog, we dived into equity ...
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Semiconductor Chip Shortage – Will it put brakes on India’s growing EV Momentum?

Semiconductor Chip Shortage – Will it put brakes on India’s growing EV Momentum? The chip shortage globally since H2 2020 has been driven by chip hoarding by Chinese Companies, poor inventory planning by Original Equipment Manufacturers (OEMs), logjams at ports, major chip factories being hit by natural disasters. Additional factors ...
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Majority of equity investments in India’s rooftop solar segment are from foreign entities

Majority of equity investments in India’s rooftop solar segment are from foreign entities Accessible financing is a prerequisite to drive growth in the rooftop commercial and industrial (C&I) solar market in India. Presently, the C&I segment accounts for almost 75% of the total rooftop solar installations in India with annual ...
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India added >10 GW of solar and wind capacity in the first nine months of 2021

India added >10 GW of solar and wind capacity in the first nine months of 2021 From January 2021 till September 2021, approximately 8,811 MW solar capacity and 1,246 MW of wind capacity was added in India. This is about 280% and 101%, respectively, higher compared to the same period ...
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With Overall EV investments Crossing US$2 billion, Indian EV Dream on Track to Become a Reality

With Overall EV investments Crossing US$2 billion, Indian EV Dream on Track to Become a Reality With the recent big-ticket investment of US$ 1 billion raised by Tata Motors, the Electric Vehicle movement has established itself as a revolution that is poised to revamp our transportation system. Thus, it becomes ...
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EVs without Battery – Opportunity for Swap

EVs without Battery – Opportunity for Swap India has been a party to the recent wave of EV adoption across the globe. The Government of India, to leverage the potential, has been working on a roadmap to shift public transport and logistics to 100 per cent green and clean sources ...
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9 GW bids submitted for manufacturing of polysilicon, 32 GW for wafer and 54.8 GW for cells and modules under the PLI scheme

19 GW bids submitted for manufacturing of polysilicon, 32 GW for wafer and 54.8 GW for cells and modules under the PLI scheme The Government of India’s production-linked incentive (PLI) scheme - National Programme on High Efficiency Solar PV (Photovoltaic) Modules - for setting up of solar manufacturing units received ...
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EV Registrations in Jan-Aug 2021 Surpasses Last Year’s Total Registrations

EV Registrations in Jan-Aug 2021 Surpasses Last Year’s Total Registrations India is one of the few countries that support the global EV30@30 campaign, which targets to have at least 30% electrification of its new vehicle sales by 2030. Given this target and a strong government push over the last two ...
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Webinar Insights: “Residential Rooftop Solar Market Evolution in India”

Webinar Insights: "Residential Rooftop Solar Market Evolution in India" With a total installed capacity of about 4 GW, the Indian rooftop solar market have been driven by installations in the C&I segment, which account for about 75% of the total installations. However, with this segment becoming increasingly saturated, players are ...
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KUSUM Scheme (Component A)- Over 3.4 GW of solar tenders issued till date

KUSUM Scheme (Component A) - Over 3.4 GW of solar tenders issued till date The Ministry of New and Renewable Energy (MNRE) launched the Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan (PM-KUSUM) scheme for farmers to set up solar pumps and other renewable energy facilities across the country. The ...
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India witnessed a remarkable low Wind Solar Hybrid tariff of Rs 2.34/kWh

India witnessed a remarkable low Wind Solar Hybrid tariff of Rs 2.34/kWh Solar Energy Corporation of India (SECI) had conducted an e-reverse auction last week for its 1200 MW Wind Solar Hybrid Tranche IV tender. The tender was issued in April this year and had received an overwhelming response with ...
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Webinar Insights: “Understanding Recent Solar Tariff Trends in India”

Webinar Insights: "Understanding Recent Solar Tariff Trends in India" Solar tariff trends in the past have been very aggressive in India, reaching an all-time low of Rs. 1.99/unit in December 2020. However, since then, there has been an upward trend in tariffs. For instance, in the months of July and ...
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Will bifacial solar modules be the next big thing for India?

Will bifacial solar modules be the next big thing for India? With falling price differential between mono and bifacial solar modules, installation of bifacial modules is likely to pick up pace in India as well. India’s first utility-scale solar plant with bifacial modules (400Wp swan bifacial panels by Jinko Solar) ...
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Solar tariffs rose by 21.6% in the latest MSEDCL 500 MW tender

Solar tariffs rose by 21.6% in the latest MSEDCL 500 MW tender After a gap of 14 months, Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) has conducted an e-reverse auction for the procurement of power from 500 MW inter/intra state grid-connected solar projects on a long term basis. The tender ...
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Webinar Insights: “Rooftop solar adoption trends in MSME segment in India”

Webinar Insights: "Rooftop solar adoption trends in MSME segment in India" Regarded as the backbone of the Indian economy, the Micro, Small & Medium Enterprises (MSMEs) also holds immense potential to support the Rooftop Solar market. For most MSMEs, there is significant scope in electricity cost savings and ideally, Rooftop ...
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13.75 GW of new module and 6.9 GW of new cell production capacity likely to be added in India in next 18 months

13.75 GW of new module and 6.9 GW of new cell production capacity likely to be added in India in next 18 months More than 80% of India’s local demand for solar modules have been met through imports from other Asian countries such as China, Vietnam and Malaysia. In CY2020, ...
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Webinar Insights: “RE power procurements models by C&I segment in India”

Webinar Insights: "RE power procurements models by C&I segment in India" Global Corporate PPA’s have grown from 4.14 GW in 2016 to a whopping 23.7GW in 2020. In 2019 and 2020, Indian Corporate PPAs accounted for nearly 6-7% of the total Global Corporate PPA share. According to Bloomberg New Energy ...
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Utility-scale Solar installations declined 39% Y-O-Y in FY2021

Utility-scale Solar installations declined 39% Y-O-Y in FY2021 In FY2021 (April 2020-Mar 2021), about 3.5 GW of new utility-scale solar capacity was added in India. Compared to previous year (FY2020), installations were about 39% lesser. Gujarat, Rajasthan, Tamil Nadu, Uttar Pradesh and Andhra Pradesh were the leading states with most ...
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Webinar Insights: “Emerging Rooftop Solar market trends in India”

Webinar Insights: "Emerging Rooftop Solar market trends in India” Between April 2020 and February 2021, India added about 1.8 GW of Grid-connected Rooftop Solar capacity[1]. As per MNRE, the cumulative installed capacity, as of Feb-2021, is just 4.32 GW. Clearly, the country still has a long road ahead to reach ...
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Registered EV sales drop 20% Y-o-Y in FY2021

Registered EV sales drop 20% Y-o-Y in FY2021 The sales trend of Electric Vehicles in India during the fiscal year 2020-21 (FY21) is a rather distinguished case. Across this period, the EV market pursued the trade from one extreme reality to another. The monthly (or even quarterly) sales which began ...
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Cumulative green energy traded in GTAM across IEX and PXIL is 879 MU

Cumulative green energy traded in GTAM across IEX and PXIL is 879 MU Green Term-Ahead Market (GTAM), the novel trading market for Renewable Energy is aimed at “greening” the Indian short term power contracts. GTAM is an alternative platform for renewable developers to sell power in the open market without ...
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Webinar Insights: “PV Technology trends and Price Forecast for India Market”

Webinar Insights: "PV Technology trends and Price Forecast for India Market” The deflationary nature of solar tariffs in India has been quite aggressive over the years. India witnessed its record low tariff of Rs. 1.99/ unit in December 2020. PV (Photovoltaic) technology advancement leading to higher CUF or efficiency of ...
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More than 12.3 GW of wind-solar hybrid tenders issued in India till date

More than 12.3 GW of wind-solar hybrid tenders issued in India till date India has enormous potential for wind and solar energy. But, due to the intermittent and inconsistent nature of both solar and wind power, the Capacity Utilization Factor (CUF) for standalone solar and wind power plants is low ...
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BCD imposition impact: 21 paisa/ unit rise in solar tariffs in recent GUVNL 500 MW tranche XII auction 

BCD imposition impact: 21 paisa/ unit rise in solar tariffs in recent GUVNL 500 MW tranche XII auction In the series of GUVNL (Gujarat Urja Vikas Nigam Limited) auctions, Rs 2.20/kWh bid of the GUVNL 500 MW Tranche XII auction became the second lowest winning tariff. The L1 bid had ...
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Pure play solar developers participating in SECI’s 1200 MW wind tranche-X tender

Pure play solar developers participating in SECI’s 1200 MW wind tranche-X tender In Dec 2020, SECI (Solar Energy Corporation of India) had issued a Request for Selection (RfS) for setting up of 1200 MW ISTS-connected Wind power projects in India (Tranche-X). In this auction conducted by SECI in March 2021, ...
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2021 witnessing upward solar tariff trends

2021 witnessing upward solar tariff trends The tariffs discovered in the two most recent solar auctions by Torrent Power Ltd. (TPL) and NTPC Ltd. witnessed L1 tariffs at Rs. 2.22/kWh and Rs. 2.25/kWh, respectively. These are well above the ultra-low tariffs of Rs. 1.99 to 2 per kWh discovered in ...
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Latest 6.4 GW Andhra Pradesh solar auction saw uptrend in tariffs

Latest 6.4 GW Andhra Pradesh solar auction saw uptrend in tariffs In an apparent recalibration in solar market dynamics, India’s largest solar auction of 6.4 GW by Andhra Pradesh Green Energy Corporation Limited’s (APGECL) registered lowest price (L1) of Rs. 2.47 per kWh by Torrent Power for 300 MW capacity ...
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Webinar Insights: “Impact of limiting Net metering connections (<=10 kW) on Rooftop solar market"

Webinar Insights: "Impact of limiting Net metering connections (<=10 kW) on Rooftop solar market" On 21st December 2020, the Ministry of Power (MoP) promulgated the “Electricity (Rights of Consumers) Rules, 2020”, thereby, laying down the rights of the Electricity Consumers of India. The Electricity (Rights of consumers) Rules cover 11 ...
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Registered EV sales in India in 2020 dropped by 26% on yoy basis

Registered EV sales in India in 2020 dropped by 26% on yoy basis The past year brought in a major shift in the course and dynamics of global markets. The e-mobility or the electric vehicle (EV) domain, just as any other industry, was vastly influenced by the effects of the ...
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SECI 1200 MW Wind-Solar Hybrid (Tranche-III) auction creates new record of Lowest tariff at Rs. 2.41/kWh

SECI 1200 MW Wind-Solar Hybrid (Tranche-III) auction creates new record of Lowest tariff at Rs. 2.41/kWh Following the issuance of the incumbent national framework - the Wind-Solar Hybrid Policy in 2018, India saw a succession of WSH (Wind-Solar Hybrid) tenders. Although there have been a few successful WSH tenders, many ...
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Webinar Insights: “What led to historic low tariffs of Rs.1.99-2/unit in solar in India?”

Webinar Insights: "What led to historic low tariffs of Rs.1.99-2/unit in solar in India?" India is advancing steadily towards cleaner and more economical form of energy procurement. In the recent years, this transition was driven primarily by the offtake of solar power. The installed solar capacity of India increased at ...
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Webinar Insights: E-Mobility Evolution in India

Webinar Insights: E-Mobility Evolution in India Electric mobility in India is fast-evolving in terms of technology enhancement and value chain formation. It is transcending beyond its distinguished identity as the “cleaner mode of transportation” and is closing the gap on the conventional ICE-vehicles by achieving significant improvements in reliability & ...
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Webinar Insights: Evolution of Battery Storage Solutions in Rooftop Solar segment in India

Webinar Insights: Evolution of Battery Storage Solutions in Rooftop Solar segment in India On the path of decentralization of power generation, India has been growing at a robust pace in terms of nation-wide Rooftop Solar (RTS) installations for close to a decade. Despite the impact of COVID-induced lockdown and uncertainty, ...
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Why India’s Solar Power Tariffs Reached a Historic Low of Rs. 2 Per kWh

Why India’s Solar Power Tariffs Reached an Historic Low of Rs. 2 Per kWh India set a new record low solar power tariff of Rs2/kWh ($0.027/kWh) in the recent Solar Energy Corporation of India (SECI) auction on 23 November 2020. The tariff based bidding was conducted for selection of solar ...
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Despite COVID-19, India added 883 MW of rooftop solar capacity in the first nine months of 2020

Despite COVID-19, India added 883 MW of rooftop solar capacity in the first nine months of 2020 As per the data released by the Ministry of New and Renewable Energy (MNRE) for the period starting January 2020 till Sep 2020, about 2320 MW of solar capacity comprising 1437 MW of ...
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Restrictive banking provisions hampering RE adoption in India

Restrictive banking provisions hampering RE adoption in India After restrictive net metering regulations and withdrawal of waivers for open access renewable projects, regulators are now restricting banking facility. Banking is important as it provides renewable developers a mechanism to utilize their excess generation and avail financial benefits in some cases ...
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Tamil Nadu, Andhra Pradesh and Telangana account for ~71% of outstanding dues from DISCOMs to RE generators

Tamil Nadu, Andhra Pradesh, and Telangana account for ~71% of outstanding dues from DISCOMs to RE generators Discoms are the weakest link in the entire value chain of the Indian electricity sector. Their inability to pay generators on time, manage their losses and improve on other inefficiencies weighs down the ...
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Green Term Ahead Market (GTAM): Opening new doors to Renewable Power Procurement

Green Term Ahead Market (GTAM): Opening new doors to Renewable Power Procurement After approving Real Time Market (RTM) trading in power exchanges about two months ago, Central Electricity Regulatory Commission (CERC) has now approved Green term ahead market (GTAM) contracts on the Indian Energy Exchange (IEX) platform. IEX is presently ...
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Delhi EV policy 2020

Demand boosters for E-Mobility: Delhi EV policy 2020 From CNG-driven public transport fleet to e-mobility, the National Capital Territory (NCT) of Delhi has been an avid promoter of clean mobility solutions for a very long time. In its 2018-19 budget, for the purpose of mitigating vehicular emissions in order to ...
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Zipping halfway through 2020: High-Speed Electric 2-Wheelers

Zipping halfway through 2020: High-Speed Electric 2-Wheelers Electric two-wheelers (E2Ws) have been gaining tremendous traction in the past 2-3 years. With falling battery prices and government-supported initiatives and schemes such as FAME, many OEMs have gained confidence to upgrade and develop more advanced and sophisticated E2W models, especially in the ...
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Electric 3-Wheelers: Spearheading the EV transition

Electric 3-Wheelers: Spearheading the EV transition Electric three-wheeler (E3W) has been the persistent front-runner for EV revolution in India. Among all the electric vehicles sold, E3Ws constitute the major chunk of the EV sales. Albeit, the registered E3Ws in India own a tiny share in the entire E3W stock which ...
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NTPC 1.2 GW ISTS solar tender saw aggressive tariff of INR 2.43/ kWh

NTPC 1.2 GW ISTS solar tender saw aggressive tariff of INR 2.43/ kWh Today, NTPC conducted the reverse auction of its 1.2 GW ISTS solar tender. Last month, the tender received a good response with bids of about 1.7 GW of capacity. The tender auction was conducted today and it ...
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Assessment of CERC draft Power Market Regulations

Assessment of CERC draft Power Market Regulations CERC has released a draft Power Market Regulations on 18 July, 2020. The first power market regulations were issued in January 2010, after which two amendments have been made through gazette notifications. These regulations have come in the backdrop of Real Time Market ...
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Electric Buses Modus Operandi in India

Electric Buses Modus Operandi in India For electric buses, the Department of Heavy Industries (DHI), under FAME scheme, has approved two e-bus procurement methods/ operation models: Outright purchase model: In outright purchase model, the DHI provides a 60% subsidy for procurement and the rest is borne by the State Road ...
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Busting the Myth: Electric Vehicle Technology

Busting the Myth: Electric Vehicle Technology "Busting the Myth" series is a part of The Climate Group efforts in busting the EV technology myths in the EV ecosystem in India. Read JMK Research & Analytics piece on EV technology. In about a decade, the EV industry has undergone dynamic evolution ...
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REC trade in FY2021 likely to fall by INR 6-7 billion

REC trade in FY2021 likely to fall by INR 6-7 billion In June 2020, the Central Electricity Regulatory Commission (CERC) published an order revising the prices of Renewable Energy Certificates (RECs). CERC removed floor price and proposes new Forbearance price of INR 1000 for solar and non-solar RECs. The new ...
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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

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 ...
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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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