Market trends

Webinar Insights: “Emerging Rooftop Solar market trends in India” Between April 2020 and February 2021, India added about 1.8 GW of Grid-connected Rooftop Solar capacity[1]. As per MNRE, the cumulative installed capacity, as of Feb-2021, is just 4.32 GW. Clearly, the country still has a long road ahead to reach its national Rooftop Solar target of 40 GW by 2022. Confronted by numerous challenges, the BTM (Behind-the-Meter) Solar market, however, continues to cut through the headwinds as it adopts new…

Cumulative green energy traded in GTAM across IEX and PXIL is 879 MU Green Term-Ahead Market (GTAM), the novel trading market for Renewable Energy is aimed at “greening” the Indian short term power contracts. GTAM is an alternative platform for renewable developers to sell power in the open market without long-term PPAs. With GTAM, corporate buyers, especially companies signatory to RE100 initiative, can buy renewable power and fulfil their RPO obligations, while meeting their short-term electricity demand at competitive prices,…

Webinar Insights: “PV Technology trends and Price Forecast for India Market” The deflationary nature of solar tariffs in India has been quite aggressive over the years. India witnessed its record low tariff of Rs. 1.99/ unit in December 2020. PV (Photovoltaic) technology advancement leading to higher CUF or efficiency of PV systems is one of the major drivers for the fast-declining solar tariffs and therefore, the pace of adoption of solar capacity in India. In order to capture the industry…

Webinar Insights: “What led to historic low tariffs of Rs.1.99-2/unit in solar in India?” India is advancing steadily towards cleaner and more economical form of energy procurement. In the recent years, this transition was driven primarily by the offtake of solar power. The installed solar capacity of India increased at a CAGR of 54% between FY2014 & FY2020 to reach 34.6 GW[1]. The declining price trend of solar power, brought on by solar technology evolution, PV manufacturing growth, enhanced financing…