Market trends Archives - Page 6 of 9 - JMK Research & Analytics

Tariffs for RE storage tenders competing with thermal

February 12, 2020

Tariffs for RE+storage tenders competing with thermal In the last one year in India, we have seen that there is a growth spurt in storage tender issuance; however, only for a few small tenders, the auctions are successful. In most other tenders, the storage capacity is so high that it leads to infeasible tariffs, and eventually to cancellations of many of these tenders. The one significant milestone for the storage sector is achieved last week, with the successful auction of…

India installs 7.5 GW of utility scale solar and 2.4 GW of wind in CY2019

January 17, 2020

JMK Research

Market trends

India installs 7.5 GW of utility-scale solar and 2.4 GW of wind in CY2019 India’s renewable capacity installations reached 86 GW as of December 31, 2019. Wind is the major contributor with 44% share in total renewable mix, followed by solar with 39% share. In last one year, the share of solar rose by 5 percentage points to about 39%. In CY2019, about 7.5 GW of new utility-scale solar capacity was added, which is about 14% increase over the previous…

Solar with storage is an economically viable solution for most C&I consumers across India

January 14, 2020

JMK Research

Market trends

Solar with storage is an economically viable solution for most C&I consumers across India As per the Central Electricity Authority (CEA) estimates, the share of renewable energy generation in total energy mix, would increase from 18% in 2019 to 44% by 2030, while the share of thermal is likely to reduce from 78% in 2019 to 52% by 2030. With this, grid penetration of RE sources also is likely to reach 44% in next 10 years. As per the Western…

Rooftop solar PV with storage: Now a viable solution

October 23, 2019

JMK Research

Market trends

Rooftop solar PV with storage: Now a viable solution The declining cost of lithium-ion batteries, along with that of solar, is likely to change the future dynamics of the Indian power sector. Several countries such as Australia, US, Germany, among others, have already endorsed solar power with battery storage. The viability of storing solar power using batteries and using it during peak times is increasing due to declining battery prices. At present, in India, commercial and industrial (C&I) consumers face…