Market trends

FAME III: Could it charge up the EV industry again? The FAME India scheme aims to incentivise electric vehicle OEMs and associated industries to increase domestic manufacturing of Electric Vehicles and to achieve 30% conversion of total transport into Electric Vehicles by 2030. The scheme is divided into 2 phases: Phase I and Phase II. During Phase I, INR 359 crores were provided to support 2.8 Lakh electric vehicles. The ongoing phase is FAME II with an allocated a budget…

10 states under various stages of implementation of Green Open Access Rules (GOAR) Green Open Access Rules (GOAR) were issued by Ministry of Power (MoP) in June 2022. The rules were hailed by the industry stakeholders as a landmark achievement which would catalyse the commercial & industrial (C&I) open access market in India. Under the rules, the eligibility limit for availing green OA was reduced to 100 kW from 1 MW (prevalent across major states at the time), thereby increasing…

H1 2023 Recap: Solar Installations fell by 19%, wind rises by 166% From January 2023 till June 2023, about 6,794 MW solar capacity and 1,878 MW wind capacity was added in India. Solar capacity addition is about 19% lower compared to the same period in the previous year. However, within the same period, wind sector has shown remarkable improvement with around 166% higher installations. In terms of cumulative installations till June 2023, according to the Ministry of New and Renewable…

4.45 GW utility scale RE tenders allotted in first two weeks of FY2024 First two weeks of April 2023 have seen a flurry of activity in utility scale RE market, with around 4.45 GW of tenders being allotted. The tenders allotted during these two weeks include three vanilla solar tenders, one wind solar hybrid (with energy storage) and one (Round-the-clock) RTC tender. Around half of these allotments (49.4%) is for non-vanilla RE tenders, including Wind Solar Hybrid (with energy storage)…