Monthly RE Update – January 2023

Monthly RE update – January 2023

Tenders

In January 2023, 14 new renewable energy (RE) tenders with a cumulative capacity of 7966 MW were issued. Rajasthan Urja Vikas Nigam Ltd (RUVNL) issued a 1500 MW wind solar hybrid with storage tender. In addition, RUVNL floated a 1000 MW solar tender in Rajasthan.

About 2911 MW solar tenders were issued under Component-C of KUSUM scheme by various agencies including- MPUVNL, BESCOM, MSEDCL and KREDL in January 2023.

Details of new RE tenders issued in January 2023

Source: JMK Research

New RFS Issued

Tender Name

Technology

Tender Scope

Capacity (MW)

Other Details

Minimum CUF

Commissioning timeline from PPA signing

Bid Submission Date

RUVNL, 1500 MW, Wind Solar Hybrid with Storage, Pan India, Jan 2023

Wind Solar Hybrid with Storage

Project Development

1500

EMD- INR 1.2 million/MW

PBG – INR 3 million/MW

30%

24 months

28th-Feb-2023

MPUVNL, 1110 MW, Solar (KUSUM Component-C), Madhya Pradesh, Jan 2023

Small Scale Solar

Project Development

1110

EMD- INR 0.1 million/MW

PBG – INR 0.5 million/MW

15%

12 months

7th-Feb-2023

BESCOM, 1081 MW, Solar (KUSUM Component-C), Karnataka, Jan 2023

Small Scale Solar

Project Development

1081

EMD- INR 0.1 million/MW

PBG – INR 0.1 million/MW

Ceiling Tariff – INR 2.32/kWh

19%

9 months

7th-Feb-2023

RUVNL, 1000 MW, Solar, Rajasthan, Jan 2023

Utility Scale Solar

Project Development

1000

EMD- INR 0.8 million/MW

PBG – INR 2 million

17%

18 months

13th-Feb-2023

NTPC, 1000 MW, Solar (EPC), Gujarat, Jan 2023

Utility Scale Solar

EPC

1000

21st-March-2023

NTPC, 1000 MW, Wind (EPC), Gujarat, Jan 2023

Wind

EPC

1000

28th-Feb-2023

MSEDCL, 500 MW, Solar (KUSUM Component-C), Maharashtra, Jan 2023

Small Scale Solar

Project Development

500

EMD- INR 0.1 million/MW

PBG – INR 0.5 million/MW

Ceiling Tariff – INR 3.10/kWh

19%

9 months

13th-Feb-2023

MSEDCL 350 MW, Solar, Maharashtra, Jan 2023

Utility Scale Solar

Project Development

350

EMD- INR 0.1 million/MW

PBG – INR 0.5 million/MW

Ceiling Tariff – INR 3.20/kWh

19%

12 months

27th-Feb-2023

KREDL, 220 MW, Solar (KUSUM Component-C), Karnataka, Jan 2023

Small Scale Solar

Project Development

220

EMD – INR 0.1 million/MW

PBG – INR 0.1 million/MW

19%

9 months

7th-Feb-2023

JVVNL, 113 MW, Solar (KUSUM Component-C), Rajasthan, Jan 2023

Small Scale Solar

Project Development

113

EMD- INR 7 million/MW

PBG – INR 0.5 million/MW

17%

9 months

13th-Feb-2023

REIL, 50 MW, Rooftop Solar, Pan India, Jan 2023

Rooftop Solar

RESCO

50

EMD- INR 1.13 million/MWp

6 months

4th-Feb-2023

TEDA, 20 MW, Rooftop Solar, Tamil Nadu, Jan 2023

Rooftop Solar

CAPEX

20

EMD – INR 10 million

PBG – 10% of the contract value

12%

6 months

14th-Feb-2023

JBP Division West Central Railway, 12 MW, Rooftop solar, Pan India, Jan 2023

Rooftop Solar

12

EMD- INR 1.1 million/MW

PBG – INR 1.6 million/MW

15%

8 months

9th-Feb-2023

Visakhapatnam Port Authority, 10 MW, Solar (O&M), Andhra Pradesh, Jan 2023

Utility Scale Solar

O&M

10

EMD- INR 0.13 million

10th-Feb-2023

PBG: Performance Bank Guarantee

EMD: Earnest Money Deposit

Source: JMK Research

SECI has extended the bid submission date to 10th February 2023 for a tender for setting up Manufacturing Capacities for High Efficiency Solar PV Modules in India under the Production Linked Incentive Scheme (Tranche-II).

Date Extensions

Tender Name

Technology

Tender Scope

Capacity (MW)

Other Details

Minimum CUF

Commissioning timeline from PPA signing

Bid Submission Date

SECI, 1200 MW, Wind Solar Hybrid with ESS (Tranche VI), Pan India, Nov 2022

Wind Solar Hybrid with ESS

Project Development

1200

EMD – INR 1.23 million/MW

PBG – INR 1.84 million/MW

50%

24 months

15th-Feb-2023

GUVNL, 700 MW, Solar Phase XI, Gujarat, Mar 2021

Utility Scale Solar

Project Development

700

EMD – INR 0.4 million/MW

PBG – INR 0.94 million/MW

17%

15 months

1st-March-2023

GUVNL, 600 MW, Solar (Phase XVII), Gujarat, Sep 2022

Utility Scale Solar

Project Development

600

EMD – INR 0.4 million/MW

PBG – INR 0.94 million/MW

17%

15 months

27th-Feb-2023

GUVNL, 500 MW with 1000 MWh BESS (Phase-I), Gujarat, Aug 2022

Energy Storage System

Project Development

500 MW with 1000 MWh

EMD – INR 0.74 million/MW

PBG – INR 1.11 million/MW

18 months

27th-Feb-2023

GUVNL, 500 MW, RE with 250 MWh ESS Phase (XV), Gujarat, Jun 2022

RE with Energy Storage System

Project Development

500 with 250 MWh ESS

EMD – INR 1 million/MW

PBG – INR 2.5 million/MW

Wind – 22% Solar – 17% Hybrid – 30%

18 months

27th-Feb-2023

Source: JMK Research

Auctions Completed

GUVNL concluded the auction of its 500 MW Phase XVIII solar tender and 300 MW Phase IV wind tender in January 2023.

Winners in the latest RE auctions

Source: JMK Research

Tender name

Capacity Tendered

Capacity Allotted (MW)

Minimum CUF

Commissioning Timeline

Winners Details

GUVNL, 500 MW, Solar Phase (XVIII), Pan India, Oct 2022

500

500

17%

18 months

Sprng Energy – 200 MW (INR 2.51/kWh)IB Vogt – 130 (INR 2.52/kWh)Hinduja Renewables -120 MW (INR 2.52/kWh)Blupine Energy – 50 MW (INR 2.52/kWh)

GUVNL, 300 MW, Wind (Phase IV), Gujarat, Oct 2022

300

300

22%

24 months

Juniper Green – 50 MW (INR 2.96/kWh)EDF Renewables – 100 MW (INR 3.00/kWh)Acme Solar – 100 MW (INR 3.01/kWh)Blupine Energy – 50 MW (INR 3.01/kWh)

Source: JMK Research

In addition to above winners, Larsen & Toubro has also secured an EPC order to build a 112.5 MW solar power plant on a turnkey basis in West Bengal. The project will be implemented by a state-owned undertaking with financing from a foreign development bank.

Installed Capacity

India added approximately 13.96 GW of solar capacity and 1.81 GW of wind capacity in calendar year (CY) 2022. In the month of December 2022, about 1336 MW of new solar capacity was added.

RE installations in December 2022

Source: MNRE, JMK Research
Note: Solar includes utility scale solar, rooftop solar and off grid/distributed solar segments

State wise RE installed capacity in December 2022

Rajasthan added the maximum utility scale solar capacity of 675 MW in India followed by Chhattisgarh (138 MW) and Tamil Nadu (77 MW) in December 2022.

While Gujarat installed the maximum rooftop solar capacity of 91 MW in the country.

State wise RE installed capacity in December 2022

Source: MNRE, JMK Research

Recently Commissioned RE projects

Developer

Technology

Tender Name

AC Capacity (MW)

Tariff (INR/kWh)

Technology

Avaada

Solar

MSEDCL 500 MW Solar Phase V Maharashtra Dec 2019

250

2.90

Maharashtra

Azure

Solar

SECI 1200 MW Solar ISTS Tranche IV Jun 2019

151

2.54

Rajasthan

Adani

Solar

SECI 1200 MW Solar ISTS Tranche III Feb 2019

50

2.61

Rajasthan

Oriano Clean Energy

Solar (Captive)

40

Bihar & Jharkhand

Cleantech Solar

Solar (Captive)

40

Tamil Nadu

KPI Green Energy

Solar (Captive)

25

Gujarat

Greenlab Diamonds

Solar

19

Gujarat

Sunsure

Solar

(Open access)

15

Uttar Pradesh

Novus Green Energy

Floating Solar

5

Telangana

CREST

Floating Solar

2.5

Chandigarh

Tata Power

Solar (Captive)

1.17

Jharkhand

Utkarsh India Limited

Solar (Captive)

1

West Bengal

Source: Industry news articles, JMK Research

Other key announcements that were made during the month were:

  • The construction of the 1000 MW solar power project has started in Rajasthan. The solar project is being developed by SJVN, which it won under IREDA’s 5000 MW Tranche III Phase II solar tender under the CPSU scheme. SJVN has awarded the EPC contract for the solar project to Tata Power Solar. The project is scheduled for commissioning by May 2024.
  • Damodar Valley Corporation (DVC) is planning to develop 2 GW of floating solar across reservoirs of its Maithon, Panchet, Tilaiya and Konar dams in Jharkhand. Out of 2 GW, DVC has already received the approval for 990 MW of floating solar capacity from MNRE under Ultra Mega Renewable Energy Power Parks (UMREPP) scheme. 
  • SJVN is planning to set up a 90 MW floating solar project in Omkareshwar, Madhya Pradesh at an investment of INR 650 crore. The project is scheduled to be commissioned by December 2023. The project was bagged at a tariff of INR 3.26/kWh by REWA Ultra Mega Solar Limited (RUMSL).
  • Amp Energy India has signed a PPA for 200 MWp Wind Solar Hybrid project with SECI under SECI’s 1200 MW Tranche V hybrid tender. With the signing of this PPA, Amp Energy India’s hybrid portfolio now stands at ~600 MWp.
  • Rays Power Infra has signed an agreement with the Rajasthan government to build a 500 MW solar park. The entire project is estimated to be worth INR 9,140 crore. The solar park will generate 1,800 MW of renewable power, divided among three 300 MW projects and one 900 MW project.
  • JSW Energy has received a letter of award (LoA) for a total of 500 MW/1 GWh standalone battery energy storage systems from SECI. JSW Energy will set up the battery storage as two projects of 250 MW/500 MWh each.  SECI will sign a 12-year battery energy storage purchase agreement with JSW Energy. SECI is obligated to offtake 60% of the project capacity/energy and utilization of the remaining 40% capacity is to be managed by JSW Energy.
  • BrightNight announced plans for a differentiated 100 MW co-located, wind-solar hybrid renewable power project that will deliver clean power to commercial and industrial (C&I) customers in Maharashtra.
  • The Board of Vedanta has approved plans for the Group to source 91 MW hybrid renewable power (50 MW for Aluminium Operations, 16 MW for Copper Operations and 25 MW for Oil & Gas Operations) and 600 MW Solar Power for its Aluminium, Copper and Oil & Gas operations across India. Accordingly, the company will execute Power Delivery Agreements (PDA) through special purpose vehicles (SPVs). These projects will be built on captive model and build own operate (BOO) basis. The SPVs are expected to start delivering the power within 24 months of the PDA signing.

Monthly RE Generation

Renewable energy sources generated 14413.2 MU in January 2023, up by 15.5% from December 2022. Solar and wind generation increased by 13.3% and 25.3% respectively on month-on-month basis in January 2023.

Source-wise Renewable Energy Generation (MU) – India

Source: CEA, JMK Research

Investments/ Deals

In January 2023, about $42.8 million was invested in the RE sector. The key investments during the month were:

  • SolarArise completed the acquisition of its investors shares by an investment trust listed on the London Stock Exchange (LSE). SolarArise is now an Indian utility scale solar company with its assets listed as a part of a trust on the LSE.
  • Welspun India acquired 26% stake in Clean Max Thanos (CTPL) for INR 3.8 crore ($0.46 million) to get renewable energy under captive structure.
  • Adani Green Energy acquired 50% equity in Essel Saurya Urja Company of Rajasthan Ltd from Essel Infraprojects for $1.85 million. The remaining 50% of the equity shares will be held by the government of Rajasthan. The transaction is expected to get completed by 28th February 2023.

Company Name

Deal Type

Sector

Asset Acquired

Investor

Deal Value

Stakes Acquired

SolarArise

Acquisition

Solar

434 MW

ThomasLloyd Energy Impact Trust (TLEI)

$38.5 million

100%

CleanMax Thanos(CTPL)

Equity

Renewables

Welspun India

$0.46 million

26%

Loom Solar

Equity

Solar

Social Investment Managers and Advisors (SIMA)

$2 million

Essel Saurya Urja company of Rajasthan Limited

Equity

Solar

Adani Green Energy

$1.85 million

Source: Industry news articles, JMK Research

Other key announcements that were made during the month were:

  • Indore Municipal Corporation (IMC) has got SEBI’s approval for its proposed Green Bond IPO, which is expected to be listed on National Stock Exchange (NSE) by end of January 2023. The Bonds are meant to raise funds to the tune of INR 250 crore for setting up of a mega solar power plant at Jalood pumping station. The state government has already given a conditional approval to IMC to generate INR 250 crore by listing an IPO of Green Bond at NSE.
  • Adani Enterprises has decided not to go ahead with its INR 20,000-crore Follow-on Public Offer (FPO) and will return the proceeds to investors. The announcement comes a day after the company’s FPO was subscribed fully on the last day of the offer. About 4.62 crore shares were sought as against an offer of 4.55 crore.
  • Norfund has invested INR 500 crore in waste-to-energy maker SAEL for an undisclosed stake. SAEL has the largest capacity of waste-to-energy generation plants of around 160 GWs. Norfund’s equity stake in the company will be determined at the time of the initial public offering. SAEL has a target to reach 3 gigawatts of renewable energy generation within the next five years.
  • The Reserve Bank of India will auction 160 billion rupees ($1.93 billion) worth of sovereign green bonds in two tranches. The RBI will auction 10-year green bonds on Feb 9, 2023, in uniform price auction. The proceeds will be used to fund solar power projects, followed by wind and small hydro projects and others.
  • Canada’s Alberta Investment Management Corp. (AIMCo), Ontario Municipal Employees Retirement System (OMERS) and Brookfield Asset Management Inc., and New York-based I Squared Capital are planning to invest in Fourth Partner Energy. The deal involves buying private equity firm TPG Capital’s 52% stake in Fourth Partner Energy at an expected enterprise value of around $700 million and a fresh equity investment of $500 million. 
  • Adani Green, Torrent Power, Shell and Actis are planning to acquire Virescent Renewable Energy Trust, an infrastructure investment trust (InvIT) owned by KKR India for an enterprise value of $550 million. The trust’s initial portfolio of assets comprised of 16 operational solar power projects, aggregating to 538 MW capacity.
  • Hong Kong-based investor GAW Capital Partners and Singapore’s CapitaLand Investment Ltd among others are planning to buy a majority stake in CleanMax Enviro Energy Solutions Pvt. Ltd for an enterprise value of around $550 million. Other investors participating in the sale process run by Rothschild and Co. include Brookfield Asset Management Inc., National Investment and Infrastructure Fund (NIIF), and US’s I Squared Capital.
  • International Holding Co PJSC and Abu Dhabi Investment Authority are bidding to buy stock in the $2.5 billion follow-on share sale floated by Adani. The anchor book for Adani Enterprises Ltd. was oversubscribed by 1.8 to 2 times. Abu Dhabi-based IHC, which invested almost $2 billion in Adani’s companies last year, plans to buy the largest chunk of around $200 million in this share sale.
  • Thailand’s state-owned PTT Group has restarted discussions to buy a 49% stake in solar assets of ReNew Power totalling 3 GW.
  • Torrent Power is in discussions to acquire clean power projects totalling 1.1 GW from ReNew Energy Global Plc at an enterprise value of around $1.2 billion. Torrent Power has submitted a non-binding offer (NBO) for ReNew’s solar and wind power assets of 350 MW and 750 MW, respectively, at an equity value of around $450 million.
  • A stake for sale in PTC India Ltd. is attracting initial interest from potential suitors. Adani is among possible bidders reviewing preliminary information in the business. NTPC, NHPC, Power Grid Corp. of India and Power Finance Corp. are working with an advisor to weigh selling their stakes of around 4% each.
  • State Bank of India is planning to raise around $500 million through green bonds to provide sustainable project finance. This plan coincides with about INR 8,000 crore ($1 billion) raised by the Government of India through maiden sovereign green bonds. The bank has a pipeline of projects in areas including renewable energy for the deployment of money raised via green bonds.

GTAM Traded Volume

The IEX and PXIL together traded a total of 104.4 MU in GTAM in January 2023, which is 49% lower than the volume traded in December 2022. The average trade price in IEX-GTAM for January 2023 was INR 7.8/kWh, while for PXIL it was INR 6.1/kWh. This is about 36% and 10% higher than the previous month’s prices.

GTAM traded volume and average traded price trend

Source: IEX, PXIL, JMK Research

Key Market Updates

Solar Manufacturing

Waaree Energies to integrate solar cell manufacturing by end of FY2024

Waaree Energies is planning to integrate solar cell manufacturing in their portfolio by the end of FY 2024. About 5.4 GW of solar cell capacity addition is already in the pipeline and additionally the recent acquisition of Indosolar will also aid this development.

ReNew setting up solar cell and module units at INR 2,000 crore investment in Rajasthan and Gujarat

ReNew Power is investing INR 2,000 crore to set up solar cell and module manufacturing units in Rajasthan and Gujarat. A solar cell and module manufacturing unit with an annual capacity of 2 GW is being set up in Gujarat. Another unit for manufacturing of only solar modules is being set up in Rajasthan with a 4 GW annual capacity. The company aims to make the Gujarat unit operational by the December quarter next fiscal year, and the unit in Rajasthan is planned to start in the first quarter of 2023-24.

Green Hydrogen

NTPC starts India’s first green hydrogen blending project

NTPC has commissioned India’s first green hydrogen blending project. The project which is a joint effort of NTPC and Gujarat Gas Ltd (GGL), has started green hydrogen blending in the piped natural gas (PNG) network of NTPC Kawas township, Surat. Green hydrogen in Kawas is made by electrolysis of water using power from an already installed 1 MW floating solar project. The Petroleum and Natural Gas Regulatory Board has given approval for 5% blending of green hydrogen with PNG to start with which would be scaled phase wise to reach 20%.

India to seek bids to set up green hydrogen plants by May 2023

India will invite bids for subsidies for setting up two green-hydrogen manufacturing and utilisation hubs, two fertiliser and steel plants based on the fuel, and factories for making electrolysers by May 2023. The National Green Hydrogen Mission aims at substituting all ammonia-based fertilizers imports with domestic fertilisers using green ammonia by 2034-35.

Storage

Greenko Group to set up pumped storage project in Madhya Pradesh

Greenko Group is planning to invest INR 10,000 crores in a pumped storage project (PSP) in Madhya Pradesh. The company will set up the PSP with a daily storage capacity of 11 GWh. Greenko currently operates wind and solar of over 500 MW capacities, across five districts of Madhya Pradesh. Greenko’s PSP is expected to be commissioned by December 2024 and will be connected to ISTS (Inter-State Transmission System) network.

OTPC ties up with APDCL for battery energy storage system in Assam

ONGC Tripura Power Company Limited (OTPC) has signed a memorandum of understanding (MoU) with Assam Power Distribution Company Limited (APDCL) for developing a battery energy storage system (BESS) project of capacity up to 250 MW/500 MWh in a phased manner in Assam. A total investment of INR 2,000 crores will be made for developing the project.

Other Market Updates

Amazon to enter electricity trading

Amazon.com Inc. has secured a category-III power trading licence in India and is building a portfolio of wind and solar power to sell on local electricity exchanges. A category-III power trading licence allows Amazon to trade as many as 4,000 million units (MUs) in a financial year.

India may exempt 30 GW of solar plants from equipment duty

India may exempt 30 GW capacity solar projects from paying duties on imports. In March 2021, the government announced 25% basic customs duties on solar PV cells and 40% on PV modules to block Chinese imports and encourage indigenous manufacturing. Exemptions are being considered for projects that were awarded under tariff-based bidding by central agencies before the announcement was made on March 9, 2021. The exemption would speed up implementation of the projects which have been delayed by at least a year.

India added ~11 GW of utility scale solar capacity in 2022; 47% higher than 2021 installations

From January 2022 till December 2022, approximately 13,956 MW solar capacity and 1,847 MW of wind capacity was added in India. This is about 17.5% and 26.6%, respectively, higher compared to 2021. From Jan-Dec 2022, about 11.3 GW of new utility-scale solar capacity was added in India. Compared to Jan-Dec 2021 period, installations are about 47% higher. In the rooftop solar segment, about 1.9 GW has been added in the last 12 months, this is about 42% lesser than 2021 installations. While in offgrid/ distributed solar segment, nearly 700 MW was added which is about 50% lesser than 2021 installations. In wind sector, about 1.85 GW of new capacity was added during Jan-Dec 2022, which is 26% higher than 1.46 GW capacity added during Jan-Dec 2021. In terms of state wise installations, Rajasthan, Gujarat and Tamil Nadu were the leading states with most of the large-scale solar installations in 2022. While Gujarat led the installations with the commissioning of more than 1600 MW of new wind projects in this period.

SECI will supply 3,000 MW of solar power from September 2024 in Andhra Pradesh

The state government will procure 7,000 MW of solar power from SECI at an effective rate of INR 2.49 per unit and has given a guarantee for reliable power supply to farmers for the next 25 years. The supply of solar power will start with 3,000 MW from September 2024 in the first tranche and 3,000 MW and 1,000 MW in the second and third tranches from September 2025 and September 2026 respectively.

Voluntary carbon trades to start in 2023

India’s carbon trading framework is getting ready for its rollout, with the Bureau of Energy Efficiency (BEE) picked to administer the market. The framework may be released this year and the market for voluntary carbon trading too will open during the year.

India’s power ministry proposes tax-paid green bonds issuance

India’s federal power ministry has proposed allowing some power financing companies to issue tax-paid green bonds to raise cheaper finance for lending to clean projects. Power Finance Corp (PFC), REC Ltd, and Indian Renewable Energy Development Agency (IREDA) could raise funds through tax-paid bonds – where the issuer pays for it instead of the investor, typically getting higher returns on investment.

TANGEDCO to do away with subsidies for consumers

The Tamil Nadu Generation and Distribution Company (Tangedco) is to formulate a plan for consumers to give up the 100 free units and other power subsidies. This will come into effect after the Aadhaar linking of the consumers is completed. Tangedco has already taken steps for Aadhaar linking and feeder segregation and the power utility is now planning a scheme so that the consumers are giving up the subsidies voluntarily.

Rajesh Exports signs agreement for 5 GWh lithium-ion cell factory in Karnataka

Rajesh Exports through its subsidiary ACC Energy Storage, has signed an agreement with the union Ministry of Heavy Industries (MHI) and the Karnataka government’s Department of Industries and Commerce for a 5 GWh lithium-ion cell factory in Karnataka. The company has been selected by the Indian government as one of the three successful participants in the INR 181 billion production-linked incentive (PLI) program to produce advanced chemistry lithium-ion cells. In August 2022, Rajesh Exports signed the program agreement under the PLI program.

Comparing on m-o-m basis, price for global mono PERC modules have decreased by 4.9% in January 2023.

Solar modules price trends

Source: PVInfoLink, JMK Research

Average prices for domestic modules

JMK Research carried out price survey from domestic suppliers for January 2023 and as per the responses received, the all-inclusive domestic module prices till project site (including freight charges, GST etc) for mono PERC 440 Wp, mono PERC 500 Wp and Polycrystalline 330 Wp modules have remained same in January 2023.

Source: JMK Research

Note: Domestic module prices are all inclusive prices till project site including freight charges, GST, etc.

Policies and Regulations

Central

Policy Name

Issuing Agency

Date of Issue

MoP issues Electricity (Promoting Renewable Energy Through Green Energy Open Access) Amendment Rules, 2023

MoP

27th-Jan-2023

MNRE to grant CFA for installation of rooftop solar projects under Rooftop Solar Programme Phase-II

MNRE

27th-Jan-2023

MNRE updated ALMM list with an enlisted capacity of 21,681 MW in Jan 2023

MNRE

25th-Jan-2023

MNRE allows time-extension up to March 2024 for completion of solar and hybrid power projects

MNRE

25th-Jan-2023

MNRE extends the timeline for self-certification of solar inverters till 30th June 2023

MNRE

24th-Jan-2023

India to annually invite bids for 8 GW wind power projects till 2030

MNRE

9th-Jan-2023

CERC adopts peak and off-peak tariff for 1,200 MW ISTS-connected RE projects (ISTS VII) with assured peak power supply

CERC

8th-Jan-2023

CERC allows hydropower contracts in the GTAM beyond T + 11 days

CERC

30th-Dec-2022

MoP issues Electricity (Amendment) Rules, 2022

MoP

29th-Dec-2022

State

Policy Name

Issuing Agency

Date of Issue

HPERC issues Draft DSM Regulation 2023

HPERC

9th-Jan-2023

PSERC allows DISCOM to Carry Forward RPO Shortfall to FY 2023-24

PSERC

6th-Jan-2023

Industries with captive solar plants installed in Rajasthan will be exempted from additional consent fees  

RSPCB

6th-Jan-2023

RERC allows DISCOM to extend wind power purchase agreements

RERC

4th-Jan-2023

RERC issues draft Renewable Purchase Obligation Regulations 2023

RERC

1st-Jan-2023

RERC issues draft Renewable Purchase Obligation Regulations 2023

RERC

1st-Jan-2023

About Us

JMK Research & Analytics is a specialist consultancy firm providing research and advisory services to Indian and International clients across solar, wind and e-mobility segments.

Based on our in-depth sector experience, strong industry network, we provide key insights and detailed industry information which helps clients develop successful business models and market strategies.

Contact Us

JMK Research & Analytics

Enkay Towers, 5th Floor, Unit No. 12, Udyog Vihar, Phase V, Sector 19,  Gurgaon- 122016

Phone: +91-7428306655
Email: contact@jmkresearch.com

Follow Us