Market trends

Why India’s Solar Power Tariffs Reached a Historic Low of Rs. 2 Per kWh

Why India’s Solar Power Tariffs Reached an Historic Low of Rs. 2 Per kWh India set a new record low solar power tariff of Rs2/kWh ($0.027/kWh) in the recent Solar Energy Corporation of India (SECI) auction on 23 November 2020. The tariff based bidding was conducted for selection of solar power developers to set up 1,070 megawatts (MW) of grid-connected solar PV projects on a “build-own-operate” (BOO) basis in Rajasthan (Tranche-III). With 14 developers participating, the tender was oversubscribed by…

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Despite COVID-19, India added 883 MW of rooftop solar capacity in the first nine months of 2020

Despite COVID-19, India added 883 MW of rooftop solar capacity in the first nine months of 2020 As per the data released by the Ministry of New and Renewable Energy (MNRE) for the period starting January 2020 till Sep 2020, about 2320 MW of solar capacity comprising 1437 MW of Ground Mounted Solar and 883 MW of Rooftop Solar was added in India. Rajasthan (360 MW), Tamil Nadu (341 MW), and Maharashtra (165 MW) were the leading States with most…

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Green Term Ahead Market (GTAM): Opening new doors to Renewable Power Procurement

Green Term Ahead Market (GTAM): Opening new doors to Renewable Power Procurement After approving Real Time Market (RTM) trading in power exchanges about two months ago, Central Electricity Regulatory Commission (CERC) has now approved Green term ahead market (GTAM) contracts on the Indian Energy Exchange (IEX) platform. IEX is presently operating in- Day Ahead Market (DAM), where transactions in electricity are allowed for a day in advance; Term Ahead Market (TAM), where electricity is traded the same day to up…

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REC trade in FY2021 likely to fall by INR 6-7 billion

REC trade in FY2021 likely to fall by INR 6-7 billion In June 2020, the Central Electricity Regulatory Commission (CERC) published an order revising the prices of Renewable Energy Certificates (RECs). CERC removed floor price and proposes new Forbearance price of INR 1000 for solar and non-solar RECs. The new prices will be applicable to all RECs issued after April 01, 2017. Considering the historical price trend of RECs, this is the fourth revision in floor and forbearance prices by…

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JMK Research & Analytics is a boutique consultancy firm providing research and advisory services to Indian and International clients across three key focus areas – Renewables, Electric mobility and Battery storage market.

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