Market trends

39.6 GW cumulative solar PV module manufacturing capacity allotted under PLI Tranche 2 On 18th November 2022, the Solar Energy Corporation of India (SECI) issued the tender for (solar module manufacturers) the second tranche of the production-linked incentive (PLI) scheme for setting up manufacturing capacities for high efficiency solar PV modules in India. The total outlay for the second tranche of PLI is Rs 19,500 crore (US$2.6 billion). The government expects this to substitute PV imports worth Rs 1,40,000 crore (US$16.94 billion) annually…

More than 23 GW of RE assets acquired in India So Far With the demand for renewable energy growth in India , 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…