Utility Scale RE

Achieving India’s Renewable Energy Target by 2030 Recommendations and solutions for overcoming existing challenges and regulatory bottlenecks Report by IEEFA and JMK Research, May 2024 India has ambitiously aimed for 500 gigawatts (GW) of renewable energy capacity by 2030, a crucial step towards sustainable energy independence. As of March 2024, the country has successfully installed approximately 190GW (including large hydro) of renewable energy, indicating significant progress towards India’s renewable energy target by 2030. However, to meet the 2030 target, an…

Utility-scale Renewable Energy Tendering Trends in India Intense investor interest results in a record 69GW of capacity issued yet some obstacles remain Report by IEEFA and JMK Research Large-scale renewable energy projects in India have been generating interest from both domestic and international players of late. After a slump in activity between 2019 and 2022 due to global price shocks and supply-chain issues brought on by the COVID-19 pandemic and Russia’s invasion of Ukraine, the utility-scale renewable energy market has…

Renewable Energy Tender Issuance In India not In Tandem with Government Targets Report by IEEFA and JMK Research Exceptionally successful reverse auctions drove the growth of solar and wind energy in India in the mid-2010s. The Solar Energy Corporation of India (SECI) is the key central government entity responsible for issuing new tenders, concluding auctions, and galvanising key Indian and global investor and corporate interests at scale. SECI accounts for almost half of all renewable energy tenders issued in India.…

Solar Tariffs to Rise by ~21% in the Next 12 Months Impact of Module Price Volatility and Basic Customs Duty Report by IEEFA and JMK Research May 2022 Surging commodity prices and the introduction of a new duty on imported solar modules are expected to push up solar power tariffs by more than one-fifth over the next year, finds a new report by JMK Research and the Institute for Energy Economics and Financial Analysis (IEEFA). The report highlights that these…