Market trends

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 of cumulative installations, according to the data released by Ministry of New and Renewable Energy (MNRE) till December 2022, India’s RE installation capacity reached 120.85 GW. Solar energy contributes for…

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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 market or expanding their existing portfolios via inorganic routes such as by acquiring commissioned and/or under-development RE assets. This is also a preferred route whereby developers are able to avoid…

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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 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

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

Based on our in-depth sector experience, strong industry network, we provide key insights and detailed industry information which helps clients develop successful business models and market strategies.

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