Market trends

India added 12.9 GW of solar and wind capacity in CY2023, a decline of 18%

India added 12.9 GW of solar and wind capacity in CY2023, a decline of 18% In the Calendar Year (CY), i.e., from January 2023 till December 2023, approximately 10,016 MW of solar and 2,806 MW of wind capacity were added in India. Solar installations decreased by 28%, while wind installations increased by 52% compared to CY2022. In terms of cumulative installations, according to the data released by the Ministry of New and Renewable Energy (MNRE) till December 2023, India’s RE…

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Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme, 2023

Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme, 2023 Government of Delhi announced Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme on November 21, 2023. The scheme has set a timeline for fleet aggregators as well as the delivery service providers to ensure a phased conversion to electric mobility by 2030. With this scheme, Delhi becomes the pioneer in India which has not only aggregator guidelines but has also defined phase-wise electrification targets for the operators. Eligibility The…

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Gujarat Renewable Energy Policy 2023

Gujarat Renewable Energy Policy 2023 Gujarat has come with a comprehensive RE policy that covers all major renewables and encourages setting up of renewable generation projects based on Wind, Solar and Solar-Wind Hybrid technologies. Following are the key highlights of this policy: Category Policy Operative Period 5 years validity up to 30th Sept 2028, However, the benefits will be applicable for a period of 25 years from the date of commissioning or the life of the RE project Targets The…

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Rajasthan Renewable Energy Policy, 2023

Rajasthan Renewable Energy Policy, 2023 The State Government announced the Rajasthan Renewable Energy Policy, 2023, a strategic step towards sustainability. The new policy aims to reach 65GW of solar capacity and 15GW of wind-solar hybrid by 2030. Following are the key highlights of this policy: Category Current Policy Previous Policy Renewable Energy Target 90,000 MW of renewable capacity by 2029-30, including 65,000 MW solar, 15,000 MW wind and hybrid, and 10,000 MW hydro and storage. It also aims to promote…

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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.

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