Sector Outlook Archives - JMK Research & Analytics

One-third of 40 GW rooftop solar target expected to be achieved by 2022

March 12, 2020

One-third of 40 GW rooftop solar target expected to be achieved by 2022 As per JMK Research, by the end of 2022, the rooftop solar capacity in India is likely to reach 15-16 GW, which is only one-third of the 40 GW target set by the Government. In CY2019, India added about 2.1 GW of new rooftop solar capacity, and we are estimating another 2.5-3 GW of new rooftop solar capacity likely to be added in CY2020. However, there can…

RE installations to peak in 2020: 11 GW solar and 4 GW wind likely to be added

November 7, 2019

JMK Research

Sector Outlook

Renewable installations to peak in 2020: 11 GW solar and 4 GW wind likely to be added Solar The utility scale solar segment saw an addition of 4 GW in the first three quarters of 2019 and is expected to add another 4.5 GW in the last quarter. This cumulative capacity of 8.5 GW amounts to nearly 28% y-o-y growth. As per JMK Research estimates, the year 2020 is expected to witness 29% growth with the addition of another 11GW…

Lithium-ion batteries recycling in India

Recycling of lithium-ion batteries in India- $1,000 million opportunity

September 25, 2019

JMK Research

Sector Outlook

Recycling of lithium-ion batteries in India- $1,000 million opportunity The lithium-ion batteries market is expected to grow exponentially in the next five years in India. Some of the important initiatives by the Government of India that will accelerate the growth of lithium-ion batteries market in India are: National Electric Mobility Mission Plan 2020, with a projection of getting 6-7 million electric vehicles on Indian roads by 2020[1] Installation of 175 GW of renewable energy by 2022[2] As per JMK Research…

In FY2019, OPEX model based onsite solar installations doubled in size

August 19, 2019

JMK Research

Market trends, Sector Outlook

In FY2019, OPEX model based onsite solar installations doubled in size As of March 31, 2019, OPEX model based projects hold more than 37% share of cumulative onsite[1] solar installations in India. Under the OPEX model, a Renewable Energy Service Company (RESCO) invests, builds and maintains a rooftop/ onsite solar plant. The end consumer pays for the power generated under a long-term power purchase agreement (PPA) at an agreed tariff for a fixed tenure. Figure 1: OPEX model based onsite…