Jan’23: Solar Energy Generation Up by 13% in India

- Advertisement -
- Advertisement -

Rajasthan Urja Vikas Nigam Ltd (RUVNL) issued a 1500 MW wind-solar hybrid with a storage tender

JMK Research’s latest monthly report shows that the total energy generated from renewable sources stood at 14413.2 MU in January 2023, up by 15.5% from December 2022. Notably, solar and wind energy generation increased by 13.3% and 25.3% respectively on a month-on-month basis in January.

The report further pointed out that 14 new renewable energy (RE) tenders with a cumulative capacity of 7966 MW were issued last month. Rajasthan Urja Vikas Nigam Ltd (RUVNL) issued a 1500 MW wind-solar hybrid with a storage tender and floated a 1000 MW solar tender.

- Advertisement -
Domestic module Pricing (Credit: JMK Research) (Note: Domestic module prices are all-inclusive prices till the project site including freight charges, GST, etc.)

As per JMK’s price survey with domestic suppliers for January 2023, the all-inclusive domestic module prices till the project site (including freight charges, GST etc) for mono PERC 440 Wp, mono PERC 500 Wp and Polycrystalline 330 Wp modules have remained the same in January 2023.

Among major solar updates in January, Amazon securing a category-III power trading licence in India and building a portfolio of wind and solar power to sell on local electricity exchanges holds significance. As per sources, India may exempt 30 GW capacity solar projects from paying duties on imports. The report mentioned that 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.

It also noted that 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. Interestingly, India added around 11 GW of utility-scale solar capacity in 2022, which is 47% higher than 2021 installations.

JMK Research & Analytics is a boutique consultancy firm researching solar, wind and e-mobility segments.


 

 

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

How Effective Will The Global Biofuel Alliance Be?

0
From environmental benefits to economic opportunities, the potential of biofuels in revolutionising our energy landscape. India has made history by hosting the 18th G-20 summit...
Marina

Investments In Drone Industry Decline To US$1.7 billion

0
The 2023 data now separates drone company funding from AAM/eVTOL funding, which significantly boosted the total in 2020 and 2021. Drone companies received US$1.7 billion...

“Now’s A Great Time To Make In India”

0
In news and in current affairs relevant to the current geopolitical situation, India is emerging as one of the fastest-growing electronics manufacturing services nations...

Buzz

Mineral Demand Soars With EV Growth In Korea

0
According to a recent report, South Korea's demand for essential minerals is projected to increase 19 times between 2021 and 2040, driven by the...

Ola Electric Leads With 205 EV Patents

0
Ola Electric, the Indian EV manufacturer set for an IPO, has become the top patent publisher in the country among its peers for the...

Oshkosh Invests In AI Battery Management Firm Eatron

0
Oshkosh's investment in Eatron aligns with its goal to use advanced analytics and predictive modelling for lithium-ion battery management across its electric vehicle fleet. Oshkosh...

Important Sectors

Mineral Demand Soars With EV Growth In Korea

0
According to a recent report, South Korea's demand for essential minerals is projected to increase 19 times between 2021 and 2040, driven by the...

Servotech Secures Major Order For Fast EV Chargers From Indian Oil Corporation And OEMs

0
This strategic move underscores the company's commitment to bolstering India's EV infrastructure and accelerating the nation's transition to sustainable mobility. Servotech Power Systems Ltd. has...

Ola Electric Leads With 205 EV Patents

0
Ola Electric, the Indian EV manufacturer set for an IPO, has become the top patent publisher in the country among its peers for the...

Oshkosh Invests In AI Battery Management Firm Eatron

0
Oshkosh's investment in Eatron aligns with its goal to use advanced analytics and predictive modelling for lithium-ion battery management across its electric vehicle fleet. Oshkosh...

Centre, Maharashtra To Boost Solar & EVs Under PM Suryoday Scheme

0
The Solar2EV Project for Social Justice aims to facilitate the registration of 200,000 electric vehicles in Maharashtra by leveraging solar energy. The Maharashtra and central...

Manufacturing

Union Cabinet Approves CG-Led JV Proposal For OSAT Facility In Sanand

0
CG Power owns a 92.3% stake, while Renesas Electronics and Thai OSAT provider Stars Microelectronics will have 6.8% and 0.9% equity, respectively in the...

Govt Sanctions 3 Semiconductor Plants; Rs 1.26 Lakh Cr Investment

0
The Dholera (Gujarat) semiconductor fab will produce 50,000 wafers monthly. In contrast, the Morigaon (Assam) and Sanand (Gujarat) units will assemble, test, monitor, and...

“Now’s A Great Time To Make In India”

0
In news and in current affairs relevant to the current geopolitical situation, India is emerging as one of the fastest-growing electronics manufacturing services nations...

MeitY Secretary: Domestic Semiconductor Manufacturing Is The Next Big Thing

0
At the India Digital Summit (IDS) 2024, S Krishnan, Secretary of MeitY, highlighted that India is on the brink of a major move towards...

Tata Picks Somerset For UK Battery Plant

0
The Bridgewater factory, operated by the subsidiary Agratas, will initially produce batteries for JLR and Tata Motors; with a capacity of 40GWh, it will...