Tracking the course of green energy development in India, this infographic grid offers series of data presentations that helps explain how India widened market opportunities across green energy space with the existing & new energy segments in place – for a sustainable & inclusive growth. The infographic thread presents the dominant green energy segments that promises to revolutionalised the market sentiments providing impetus for massive investments, technological tie ups, mergers & acquisitions from beginning to last quarter of the calendar year 2022. Here we’ve curated 12 of year 2022 most liked data visualizations by our industry connects on green hydrogen, solar energy, wind energy, open access & electric vehicle. Together, they capture a lot of what opportunity exist across India’s green energy space . Browse through the charts below to learn more about the storylines that could resonate well beyond this year as well.
With companies like Reliance, Adani, IOCL and NTPC all geared up with ambitious green hydrogen plans, India certainly looks poised for a carbon free transition. Also, with National Hydrogen Mission the country aims to become the largest exporter and producer of green hydrogen. For India, the scene shall be dominated by low-cost renewable projects like solar PV electrolysis or wind-based electrolysis could see the green hydrogen cost as low as $1.5/kg to $2.3/kg which shall increase the competitiveness by 2030, respectively. Plans are also underway for the development of India’s first large, LNG import terminal which would have the capacity both to provide bunker as well as fuel industry in the western Indian state of Karnataka. The Government of Karnataka through the New Mangalore Port Trust NMPT sign an agreement with Singapore-based LNG Alliance to develop the LNG terminal. Initially, the capacity will be 4 MTPA with a potential to expand upto 8 MTPA. LNG Alliance’s goal is to build a global integrated LNG and hydrogen infrastructure portfolio.
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As of June 2022, India boasts over 1 Million of electric vehicles on road, of which above 90% is dominated by electric three & two wheelers cumulatively. Electric Vehicle sales in India is likely to jump almost three times from 340,000 units in FY21-22 to close to 800,000-900,000 units in FY’2022-23. As per industry estimates, sales of electric two wheelers, three wheelers, buses, cars and other vehicles almost doubled twice over in the January-May period from 78,903 units in 2021 to 3,17,890 units in 2022 despite the fire incidents.
Phase-II of FAME-India Scheme, INR. 1000 Cr. is allocated for the development of charging infrastructure. The Ministry has sanctioned 2,877 electric vehicle charging stations in 68 cities across 25 states/UTs. Further, 1576 charging stations across 9 Expressways and 16 Highways under phase-II of FAME India Scheme has also been sanctioned. Further, Ministry of Petroleum and Natural Gas has sanctioned total 1536 electric vehicle charging stations have been installed at Oil Marketing Companies (OMCs) Retail Outlets (ROs) in the country as on Jan 2022. To gain insight on current EV landscape in India read our latest perspective "Is Electric Mobility in India Following a Smooth Route ? Snapshot of the Current EV Landscape".
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Undoubtedly, #GOAR 2022 will steam the trade of green energy in the country but will also imbibe high competition with change in the market dynamics. Initially OA market in India was majorly dominated by the large players, but the proposed reduction in OA limit from 1 MW to 100 MW shall open doors for many small and unorganized C&I players dashing the solar rooftop market. Further, with the presence of more unorganized C&I consumers the captive and group captive business model shall flourish but with tight margins. Hence, it will be an imperative for both the buyers as well as suppliers' to be on the top of their game and stay updated with the minutest of the market information from time to time.To support this need, Eninrac Consulting has launched a dossier Open Access Regulations Applicable Charges Manual. The manual is acts as a reference guide to support one time as well as cyclic requirements of the industry stakeholders regards the information per
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Swiss investment firm Partners Group has agreed to acquire a majority stake in Indian renewable energy company Sunsure Energy for USD 400 million.The investment in SunSure Energy which has historically built solar plants for commercial and industrial users is to help transform the company into an independent power producer that will have 3 GW of operational capacity and sell power directly to C&I consumers. To learn more about the industry dynamics, visit eninrac.com . Checkout a snapshot of our latest market research report "Solar Energy Market Landscape in India & Outlook Till 2030", https://bit.ly/3jhG663
Tata Power & RWE have agreed on a partnership to explore the potential for a joint development of offshore wind projects in India. A corresponding Memorandum of Understanding (MoU) has been signed between Tata Power Renewable Energy Limited, a 100 percent subsidiary of Tata Power, which is one of India's largest integrated power companies, and RWE Renewables GmbH, one of the world's leaders in offshore wind.
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