Market trends

The Latest SJVN Auction Drives “Solar plus 4-hour Energy Storage Solution” Tariff to a New Record Low

May 13, 2025
JMK Research
Energy Storage, Market trends, Tenders

The Latest SJVN Auction Drives “Solar plus 4-hour Energy Storage Solution” Tariff to a New Record Low Energy storage projects are designed to capture energy at a certain time, store it, and make it available to the off-taker for later use. Over the past couple of years, “Solar coupled with Energy Storage Systems – (Solar + ESS)” has become one of the key segments of the grid-scale ESS market. The latest reverse auction has resulted in a record low tariff…

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Uttar Pradesh Approves 22 GWh of Pumped Hydro Storage Projects in April 2025 

May 6, 2025
JMK Research
Market trends

Uttar Pradesh Approves 22 GWh of Pumped Hydro Storage Projects in April 2025  The Pumped Hydro Storage (PHS) segment is gaining momentum in India, driven by the increasing focus on grid resilience and the demand for long-duration, grid-scale energy storage. Several states are issuing tenders and signing Memorandums of Understanding (MoUs) with project developers to initiate PHS project development.  In April 2025, Uttar Pradesh (UP) became the latest state to enter the PHS market by signing Power Purchase Agreements (PPAs)…

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India Pushing for Wind Turbine Manufacturing Indigenization

April 29, 2025
JMK Research
Market trends

India Pushing for Wind Turbine Manufacturing Indigenization MNRE issues draft amendments to the RLMM application procedure In April 2025, the Ministry of New and Renewable Energy (MNRE) issued a draft amendment regarding the procedure for including wind turbines in the Revised List of Models and Manufacturers (RLMM). Similar to the Approved List of Models and Manufacturers (ALMM) in the solar sector, the proposed amendments aim to strengthen the domestic wind turbine manufacturing ecosystem by introducing non-tariff barriers that limit imports.…

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4.2 GW wind and 23.8 GW solar installed in India in FY2025

April 10, 2025
JMK Research
Market trends

4.2 GW wind and 23.8 GW solar installed in India in FY2025 In FY2025 (April 2024- March 2025), approximately 23,832 MW of solar capacity and 4,151 MW of wind capacity were added in India. Wind and solar installed capacity increased by 27.9% and 58.5% respectively compared to FY2024. According to Ministry of New and Renewable Energy (MNRE) data, India’s total installed renewable energy (RE) capacity has reached 220 GW as of FY2025. Solar energy leads the sector, accounting for approximately…

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