Market trends

SECI Awards 450,000 MT Annual Capacity Under SIGHT Tranche-II for Green Hydrogen Production The Solar Energy Corporation of India (SECI) has announced the results of its latest auction under the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme (Mode-1, Tranche-II), which was floated in July 2024. This auction aims to maximize green hydrogen manufacturing, enhance cost competitiveness, and scale utilization through two distinct pathways: technology-agnostic (Bucket 1) and biomass-based (Bucket 2). The bid, opened in December 2024, saw strong industry…

India adds record 24.5 GW of solar power capacity in CY2024 In 2024 (January to December), India added about 24.5 GW of solar and ~3.4 GW of wind capacity. This represents around twofold rise in solar installations compared to the annual solar installations of 12.8 GW in 2023 and a nearly 1.21 times increase in wind installations compared to 2023. Notably, the total solar capacity added in 2024 is the highest recorded capacity in any previous year. With these additions,…

India added 20 GW of solar and wind capacity in the first nine months of 2024 From January to September 2024, India added about 17,444 MW of solar and 2,627 MW of wind energy capacity. This represents a significant increase of 105.8% for solar installations and 14.8% for wind energy installations compared to the same period in 2023. Notably, the total solar capacity added during the first nine months of 2024 is the highest recorded capacity in any previous year.…

Andhra Pradesh Issues US$ 119 billion Integrated Clean Energy (ICE) Programme In a bid to transform Andhra Pradesh into a clean energy hub and achieve net zero by 2047, the state government has issued its Integrated Clean Energy (ICE) policy on 17th October 2024. The policy with a control period of 5 years until 2029 envisages approximately Rs. 10 lakh crore (US$ 119 billion) of investment inflow and 160 GW of new installed RE capacity. The policy looks to leverage…