Market trends

3.6 GW of Open Access RE Capacity Likely to be Added in FY2023

3.6 GW of Open Access RE Capacity Likely to be Added in FY2023 In the past decade, the rise of renewable energy (RE) has also helped its open access market grow significantly. From around 300MW in 2009, the size of the RE open access market grew to ~10GW as of FY2022. Efforts by C&I consumers to lower electricity costs and meet sustainability goals, such as net-zero, are driving their uptake of RE. This is why India’s RE open access market…

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Simplifying Virtual Power Purchase Agreements (VPPA)- Indian perspective

Simplifying Virtual Power Purchase Agreements (VPPA)- Indian perspective Currently, in India, C&I consumers avail RE power mainly through signing “physical power purchase agreements (PPA)” viz. either on-site (rooftop) or off-site (open access). These procurement models require real time accounting of power generated and consumed. As RE based power is highly variable in nature, C&I consumers fail to replace all of their consumption using physical PPA route. To counter this problem, virtual PPA (VPPA) has been explored by various players. Structure…

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Repowering: Extend new life into older wind projects

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…

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With less than 4 months to go, India is 39 GW away from its 2022 solar target

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…

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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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