$89 billion worth of investments likely to flow into the C&I RE sector in India by 2030
An additional 120 GW of C&I RE capacity is required to be set up by 2030 for India to attain its solar and wind target of 420 GW by 2030. This translates to US$89 billion worth of investments flowing into the sector between 2024 and 2030.
72% of solar PV modules enlisted in the latest ALMM list are of high-efficiency technologies
Out of the 861 solar PV modules currently enlisted in ALMM, the majority (around 72%) are from high-efficiency technologies. With a 49% share, mono PERC is the most dominant module type in ALMM. Encouragingly, emerging PV module technologies such as n-type TOPCon, Bifacial n-type TOPCon, and Bifacial Mono PERC also account for a significant share of around 22.5%.
Electric vehicle sales in India surged 42% YoY in FY2024
A new report by JMK Research says annual electric vehicle sales in India touched 1.67 million units in FY 2024, 42% up year-on-year. Among all segments, electric cars registered maximum YoY growth of 90% despite the availability of limited models in this segment.
India expected to install more than 20 GW of solar this year: JMK Research
India’s annual solar installations in 2024 will surpass 20 GW, with 15.9 GW of capacity likely to be added in the utility-scale segment and 4.2 GW on rooftops, says a new report by JMK Research.
Lithium battery recycling: Opportunities, challenges, and sustainable practices
India’s ascent in the Li-ion battery recycling industry can be a win-win for its clean energy ambitions and economic development. By addressing the existing challenges and embracing opportunities, India can be a beacon of light for the rest of the world.
India has awarded more than 8 GW of utility-scale energy storage in tenders as of November
A new report by IEEFA and JMK Research says energy storage systems are poised to attract the highest investment of all emerging renewable energy sectors this decade, concurrent with the increasing penetration of renewable energy in the nation’s electricity grid.
India added 8.5 GW of solar in first nine months of 2023
India’s solar installations for the Jan-Sept period in 2023 stood at 8.5 GW, 25% less year-on-year. The nation is expected to install an overall 11 GW in the current calendar year.
Green hydrogen to become primary fuel for steelmaking in India only by 2050
The steel industry in India will replace around 25-30% of its grey hydrogen requirements with green hydrogen in the early part of the 2030-50 period. This will increase to 80% by 2050, says a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics.
Sungrow surpasses 14 GW milestone in India
The Chinese solar inverter manufacturer has shipped more than 14 GW of inverters in India since entering the market in 2014.
India’s solar report card for FY 2021-22
India installed 12.3 GW of solar in the twelve months ending March 31, 2022. The nation is expected to add a record 20 GW in the current fiscal.
