Market trends

India added 12.9 GW of solar and wind capacity in CY2023, a decline of 18% In the calendar year (CY) from January 2023 to December 2023, India added solar wind power capacity of 12,822 MW with approximately 10,016 MW of solar capacity and 2,806 MW of wind capacity. Although solar installations decreased by 28%, the overall solar power growth in India remains a key focus in the renewable energy sector. Meanwhile, wind installations increased by 52% compared to CY2022. In…

Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme, 2023 Government of Delhi announced Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme on November 21, 2023. The scheme has set a timeline for fleet aggregators as well as the delivery service providers to ensure a phased conversion to electric mobility by 2030. With this scheme, Delhi becomes the pioneer in India which has not only aggregator guidelines but has also defined phase-wise electrification targets for the operators. Eligibility The…

Gujarat Renewable Energy Policy 2023 Gujarat has come with a comprehensive RE policy as Gujarat Renewable Energy Policy 2023 that covers all major renewables and encourages setting up of renewable generation projects based on Wind, Solar and Solar-Wind Hybrid technologies. Following are the key highlights of this policy: Category Policy Operative Period 5 years validity up to 30th Sept 2028, However, the benefits will be applicable for a period of 25 years from the date of commissioning or the life…

Rajasthan Renewable Energy Policy, 2023 The State Government has introduced the Rajasthan Renewable Energy Policy, 2023, a strategic move toward sustainability that builds upon the existing Rajasthan Solar Energy Policy and the Wind & Hybrid Energy Policy (2019). This new policy aims to achieve 65GW of solar capacity and 15GW of wind-solar hybrid capacity by 2030, representing a key element of the state’s commitment to advancing solar energy. Following are the key highlights of this policy: Category Current Policy Previous…