Market trends

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 an overwhelming response of 54.8 GW worth of bids for a scheme with total bid capacity of 10 GW. The bid submission which resulted over 4-fold over-subscription is a morale…

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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 turning to other segments such as the residential customers which have been relatively untapped, for higher growth opportunities. With the intent to understand the ongoing as well as anticipated developments…

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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 total bids submitted for 5,980 MW capacity.  The tender specifies project commissioning timeline of 18 months from the date of PPA execution and a minimum CUF requirement of 30%. The…

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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 August, six auctions were concluded, adding up to a total of 3.7 GW of allotted projects. For plain vanilla solar tenders, the lowest tariff is Rs. 2.14/unit for the RUMSL…

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JMK Research & Analytics is a boutique consultancy firm providing research and advisory services to Indian and International clients across solar, wind and e-mobility segment.

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