Market trends

India Adds Record 21.9 GW of Solar and Wind Capacity in H1 2025

July 10, 2025
JMK Research
Market trends

India Adds Record 21.9 GW of Solar and Wind Capacity in H1 2025 India sustained its clean energy growth trajectory by adding approximately 21.9 GW of new solar and wind capacity in the first half of 2025 (January–June), marking a substantial year-on-year increase of over 56%. Solar installations rose by 51.6%, while wind capacity surged by 82% compared to last year. In terms of cumulative installations, according to the data released by the Ministry of New and Renewable Energy (MNRE)…

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VGF Scheme Expands to Support 30 GWh of New Standalone BESS Development in India

June 16, 2025
JMK Research
Market trends

VGF Scheme Expands to Support 30 GWh of New Standalone BESS Development in India In a major policy push to support grid-scale energy storage, the Ministry of Power has approved an expanded Viability Gap Funding (VGF) scheme for 30 GWh of Battery Energy Storage Systems (BESS) on June 10, 2025. This builds upon the previous 2023 scheme that had supported 13.2 GWh, reflecting growing policy momentum to accelerate energy storage infrastructure. Of the newly announced 30 GWh Battery Energy Storage…

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Inter-State Transmission Waiver for Energy Storage Projects Extended by Three Years

June 12, 2025
JMK Research
Energy Storage, Market trends, Policy and Regulations

Inter-State Transmission Waiver for Energy Storage Projects Extended by Three Years On 10th June 2025, the Ministry of Power (MoP) extended the Inter State Transmission System (ISTS) transmission charge waivers for Battery Energy Storage System (BESS) and Pump Hydro Storage (PHS) projects by three years until June 2028. The 100% waiver will apply to co-located BESS projects commissioned by June 2028. Alternatively, for PHS, the mandate is for projects that have awarded their construction work before the specified timeline. The…

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Rajasthan Mandates Battery Energy Storage for Green Open Access Projects of Size >5MW

June 4, 2025
JMK Research
Energy Storage, Market trends

Rajasthan Mandates Battery Energy Storage for Green Open Access Projects of Size >5MW In May 2025, Rajasthan became the latest state to adopt Central Green Open Access (OA) Rules, 2022. Rajasthan’s GEOA rules are meticulous and have enhanced the upper limit of renewable energy (RE) plant size to twice the contract demand for all captive OA projects. Additionally, Rajasthan’s GEOA rules are the first to mandate the inclusion of battery energy storage systems (BESS) as a critical component of open…

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