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Solar PV Market In India Outlook Update Q2 2020

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  • 100 Pages
  • May 2020
  • Region: India
  • Eninrac Consulting Private Limited
  • ID: 5203863
Indian government providing a 30-day extension beyond the lockdown period for renewable projects and allowing construction of renewable projects - a welcome move in favour of the solar industry

MNRE has made its stance clear that they have no plans to slash its target of achieving 175 gigawatt of renewable energy capacity in the country by 2022 in the wake of the Covid-19 outbreak and the nationwide lockdowns. The government has been backing the renewable industry by providing permissions to project developers for starting construction work at there respective project sites and has also granted a 30-day extension beyond the lockdown period for renewable energy (RE) projects for completion of the renewable projects. The government has also given assurances to the players that the imports of raw material from China will also resume in a month’s period which will see incoming of raw materials for building renewable energy capacity of 6-7 GW, which are currently stuck in Chinese ports. The government is trying to provide the best possible scenario to the renewable projects developers for completing the renewable projects without any difficulty which help in the growth of solar sector in such testing times.

  • First hand sector knowledge and inputs
  • Primary research inputs from F2F interviews with domain experts
  • Experts insights and market reviews taken into consideration
  • Validated data and analysis
  • Opportunity mapping and market sizing
  • Germinates from minds that think fresh to evolve path finding guide for all stake holders through quality information and analysis
  • Free query handling and analyst support for three months from the date of report procurement

Key Investments
  • TOTAL announced that it has invested USD 490 million in a joint venture with Adani Green Energy that will host 2.1 gigawatts of operational solar power projects
  • MYSUN Delhi-based technology platform for rooftop solar energy solutions, has raised INR 320 million (~USD 4.2 million) from its existing investors in a structured equity deal
  • KKR Infra Fund to invest USD 200 Million to buy 5 solar assets of 317 MW

Key Trends
  • In a bid to minimise the impact of COVID-19 pandemic on the heavily import-dependent domestic solar industry, the Ministry of New and Renewable Energy (MNRE) has asked state and port authorities to identify land sites suitable for renewable energy manufacturing and export services hubs.
  • Government is pushing for transmission projects which will help in renewable power evacuation so, state-owned shadow banking firm REC Ltd board has approved a proposal to incorporate seven power transmission projects which would facilitate evacuation of renewable energy. These projects will evacuate clean energy from Maharashtra, Madhya Pradesh, Karnataka and Rajasthan thus, encouraging solar project developers for developing solar projects in any part of the country.

Must Buy for
  • Central Power Generation Companies
  • State Power Generation Companies
  • Power Distribution Companies
  • Independent Power Producers
  • State Electricity Boards
  • Project Developers
  • EPC Contractors
  • Original Equipment Manufacturers
  • Renewable Power Developers
  • Renewable Developing Agencies
  • Government Agencies
  • Research firms/ Institutes
  • Project Consultants
  • Industry Associations / Technical Consulting Group

Table of Contents

  • This Quarter
  • Key Features
  • Leading Edge
  • Numbers to Learn
  • The Eighty - 20 of Industry - What Matters?
  • Key Signposts
  • Deployment Trends
  • Technology
  • Price Trends
  • Industry Activities & Corporate Strategies

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ACME
  • Renew
  • Amplus Solar
  • Azzure Power
  • Tata Power
  • UPC Renewables
  • Avaada Energy
  • EESL
  • NTPC
  • SECI
  • SB Energy
  • AMP Energy
  • Hero Future
  • Greenko
  • Adani
  • Sprng Energy