Market trends Archives - Page 13 of 16 - JMK Research & Analytics

Tariffs for RE storage tenders competing with thermal

February 12, 2020

Tariffs for RE+storage tenders competing with thermal In the last one year in India, we have seen that there is a growth spurt in storage tender issuance; however, only for a few small tenders, the auctions are successful. In most other tenders, the storage capacity is so high that it leads to infeasible tariffs, and eventually to cancellations of many of these tenders. The one significant milestone for the storage sector is achieved last week, with the successful auction of…

India installs 7.5 GW of utility scale solar and 2.4 GW of wind in CY2019

January 17, 2020

JMK Research

Market trends

India installs 7.5 GW of utility-scale solar and 2.4 GW of wind in CY2019 India’s renewable capacity installations reached 86 GW as of December 31, 2019. Wind is the major contributor with 44% share in total renewable mix, followed by solar with 39% share. In last one year, the share of solar rose by 5 percentage points to about 39%. In CY2019, about 7.5 GW of new utility-scale solar capacity was added, which is about 14% increase over the previous…

Solar with storage is an economically viable solution for most C&I consumers across India

January 14, 2020

JMK Research

Market trends

Solar with storage is an economically viable solution for most C&I consumers across India As per the Central Electricity Authority (CEA) estimates, the share of renewable energy generation in total energy mix, would increase from 18% in 2019 to 44% by 2030, while the share of thermal is likely to reduce from 78% in 2019 to 52% by 2030. With this, grid penetration of RE sources also is likely to reach 44% in next 10 years. As per the Western…

Land procurement: The biggest hurdle for solar and wind projects

November 13, 2019

JMK Research

Market trends

Land acquistion is the biggest hurdle for solar and wind project developers in India. In India, the land is a state subject, which means various state government agencies, including- revenue department, panchayat, state nodal agencies, among others, are involved in giving approvals to procure/ lease the land. The involvement of so many entities makes the entire process highly cumbersome and time-consuming. As per industry sources, in general, it takes around 6-9 months to procure land for setting up solar/ wind…