Market trends

India’s Clean Energy Pipeline Under Stress: Understanding the 42 GW Challenge

November 18, 2025
JMK Research
Market trends, Sector issues, Sector Outlook

India’s Clean Energy Pipeline Under Stress: Understanding the 42 GW Challenge India set an annual target of issuing 50 GW of renewable energy tenders to accelerate capacity addition and strengthen the country’s long-term decarbonisation pathway. The target has been met on paper, with more than 93 GW tendered since FY2024. This surge was intended to build a strong project pipeline, align with future demand, and ensure competitive tariff discovery through high market participation. Despite issuing tenders at unprecedented scale, MNRE’s…

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Power without passage: How stranded renewables expose cracks in India’s grid planning

October 16, 2025
JMK Research
Market trends, Policy and Regulations, Sector Outlook

Power without passage: How stranded renewables expose cracks in India’s grid planning India’s rapid renewable energy growth is outpacing its transmission capacity, leaving gigawatts of clean power stranded across states Over the past decade, India has emerged as a global leader in renewable energy (RE), ranking third behind China and the US in installations and power generation. More than 71 percent of India’s total installed renewable energy capacity, which stands at approximately 247 gigawatt (GW), comes from solar and wind installations. This…

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India Adds Record 34.4 GW of Solar and Wind Capacity in the First Nine Months of 2025

October 13, 2025
JMK Research
Market trends, Policy and Regulations, Sector Outlook

India Adds Record 34.4 GW of Solar and Wind Capacity in the First Nine Months of 2025 India achieved a record milestone in renewable energy installations, adding nearly 34.4 GW of new solar and wind capacity during the first nine months of 2025 (January–September). This represents a remarkable year-on-year growth of over 71.5%. Solar capacity increased by 68.9%, while wind installations experienced an even stronger surge of 88.8% compared to the same period last year. Notably, the total capacity added…

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MNRE Proposes ALMM Extension to Wafers and Ingots

September 18, 2025
JMK Research
Market trends, Policy and Regulations, Sector Outlook

MNRE Proposes ALMM Extension to Wafers and Ingots Reinforcing the announcement by Shri Prahlad Joshi to target PV upstream integration last week, MNRE has released a draft order for the implementation of the Approved List of Models and Manufacturers (ALMM) for wafers and ingots (ALMM List – III). The order specifies that at least three independent wafer/ingot manufacturing units should be operational in India for ALMM List-III to kick in, with a combined minimum annual capacity of 15 GW. MNRE…

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