Market trends

Repowering: Extend new life into older wind projects India has started harnessing the wind power in the late eighties and as on 31st September 2022 the total wind power capacity installed in the country has reached 41.66 GW. The share of wind power in the total installed capacity mix in the country also reached 10.2% as of September 30, 2022. However, everything in this world has an expiry date including wind turbines. India also has significant number of old wind…

With less than 4 months to go, India is 39 GW away from its 2022 solar target Back in 2015, the government of India (GoI) had set the target of achieving 100 gigawatt (GW) of grid-connected solar installation by 2022. The cumulative installed capacity of solar in India, as of FY2016, was 6.8 GW.[1] Fast-forward to August 31, 2022, the cumulative grid-connected solar power capacity of India stands at ~61 GW.[2] Now, with less than four months to the deadline…

India Added 8.4 GW of Solar Capacity in the First Half of 2022 From January 2022 till June 2022, about 8,359 MW solar capacity was added in India. This is about 71% higher compared to the same period in the previous year. In terms of cumulative installations till June 2022, according to the Ministry of New and Renewable Energy (MNRE), India’s renewable energy (RE) installed capacity reached 114 GW. Solar energy contributes approximately 51% share of the total RE segment,…