With new smelting capacity on the horizon, the aluminium industry is well-positioned to drive a major shift toward clean energy, says a new report by JMK Research.
India installed 23.8 GW of new solar capacity in FY2025, including 16.9 GW from utility-scale, 5,148 MW rooftop and 1,785 MW offgrid installations.
Waaree Energies led solar module shipments with a 14.1% share of the overall supplies in the Indian market during Jan-Dec. 2024 period.
Non-vanilla technologies, such as wind-solar hybrids and battery energy storage, accounted for half of the utility-scale renewable energy capacity tendered in 2024.
India added about 24.5 GW of new solar capacity in the twelve months ending Dec. 2024, the highest recorded capacity in any previous year.
India installed about 9.6 GW of utility-scale solar, 1.8 GW rooftop, and 688 MW off-grid capacity in the Jan.-June period of 2024, says a new report by JMK Research.
JMK Research projects 21.2 GW of new solar capacity addition in FY 2025. This will comprise 16.5 GW of utility-scale, 4 GW rooftop, and 700 MW off-grid installations.
India invited bids to set up 69.8 GW of renewable energy capacity, far surpassing the annual bidding target of 50 GW. The bidding activity surged due to large-scale potential for market growth, central government support in terms of targets and regulatory frameworks, and higher operating margins.
India is seeing record demand for rooftop solar both from residential and industrial consumers. While the recently announced Pradhan Mantri Suryodaya Yojana (PMSY) Scheme is driving adoption among residential consumers, industries seek to add clean energy to meet climate goals amid falling panel prices.
While the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme is a vital first step, it can be finetuned to generate interest among start-ups and global players.
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