Market trends

50 GW RE tenders to be issued annually to achieve the 2030 target

50 GW RE tenders to be issued annually to achieve the 2030 target India has always shown its willingness in leadership to fight climate change. The country’s vision is to achieve Net Zero Emissions by 2070, in addition to attaining the short-term targets which include: The government of India launched Jawaharlal Nehru National Solar Mission (JNNSM) in January 2010 as part of its National Action Plan for Climate Change (NAPCC) to achieve 100GW of total installed capacity through solar photovoltaic (PV) panels…

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39.6 GW cumulative solar PV module manufacturing capacity allotted under PLI Tranche 2

39.6 GW cumulative solar PV module manufacturing capacity allotted under PLI Tranche 2 On 18th November 2022, the Solar Energy Corporation of India (SECI) issued the tender for the second tranche of the production-linked incentive (PLI) scheme for setting up manufacturing capacities for high efficiency solar PV modules in India. The total outlay for the second tranche of PLI is Rs 19,500 crore (US$2.6 billion). The government expects this to substitute PV imports worth Rs 1,40,000 crore (US$16.94 billion) annually and create 975,000…

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India added ~11 GW of utility scale solar capacity in 2022; 47% higher than 2021 installations

India added ~11 GW of utility scale solar capacity in 2022; 47% higher than 2021 installations From January 2022 till December 2022, approximately 13,956 MW solar capacity and 1,847 MW of wind capacity was added in India. This is about 17.5% and 26.6%, respectively, higher compared to 2021. In terms of cumulative installations, according to the data released by Ministry of New and Renewable Energy (MNRE) till December 2022, India’s RE installation capacity reached 120.85 GW. Solar energy contributes for…

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More than 23 GW of RE assets acquired in India So Far

More than 23 GW of RE assets acquired in India So Far With the demand for RE growing unabatedly in the country, more and more companies are vying to get hold of a considerable share of the Indian RE market. Some of these companies are either entering the Indian RE market or expanding their existing portfolios via inorganic routes such as by acquiring commissioned and/or under-development RE assets. This is also a preferred route whereby developers are able to avoid…

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JMK Research & Analytics is a specialist consultancy firm providing research and advisory services to Indian and International clients across solar, wind and e-mobility segments.

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