India Renewable Energy Market Report 2022-2027: Low-cost Financing and Declining Solar and Wind Module Costs Bodes Well for the Industry - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 5, 2023--
The “Renewable Energy Market in India 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The cumulative installed renewable energy capacity (excluding large hydro) stood at 111.39 GW in FY 2022. It is expected to reach 287.34 GW by FY 2027, expanding at a CAGR of 21.60% during the FY 2023 - FY 2027 forecast period.
The country intends to reach 450 GW of installed renewable energy capacity by 2030, with solar power accounting for 280 GW (more than 60%). By FY 2027, the share of RE is expected to come close to 50% of the installed power capacity.
The demand for power around the world is steadily increasing with enhanced living standards, supported by rapid urbanization. There has been a spurt in the demand for renewable energy since conventional electricity generation methods such as thermal power plants are getting exhausted gradually.
The renewable energy market is constantly expanding through efficient collaboration between the government and the private sector. In India, solar and wind are the most popular renewable sources of energy.
Key growth drivers of the market:
The combination of low-cost financing and expected solar and wind module cost declines are some of the key factors driving solar prices down in the country.
The recent adoption of the reverse auction regime for wind tariff trends are reflected by extending the high wind resource potential trajectory. The continued reduction in cost of renewable energy helps in creating sustainable and domestic-based energy system.
Key deterrent to the growth of the market:
Renewable energy projects have a decentralized nature and require proper system planning and integration in operation of transmission networks. The key purpose of the current transmission lines is to transmit the energy from regional generation units to load centers.
RE projects are often set up in remote areas, away from large cities, and result in weak transmissibility. The distance and voltage levels, therefore, increase with the installation of REs plants far away from the load centers.
COVID-19 impact analysis:
In the wake of the pandemic, renewable energy sector was hit by multiple demand and supply shocks, but the impact on the renewable power sector was relatively mild as a series of relief measures were announced by the government throughout 2020 - 2021.
However, revenue losses during the 2020 - 2021 period went up due to a fall in demand, high Aggregate Technical and Commercial (AT&C) losses, fixed charge waivers, and delayed payment collections.
Key Topics Covered:
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
3.2. Government organizations that control the renewable energy market
Chapter 4: Market Overview
4.1 Renewable energy market - An overview
4.1.1. Renewable energy installed capacity and growth forecast (FY 2020 - FY 2027e)
4.1.2. Share of renewable energy in total installed power capacity (FY 2022 and FY 2027e)
Chapter 5: Market Segmentation
5.1. Share of different segments in renewable energy installed capacity (as of FY 2022)
5.2. Target of capacity share of different segments by end of 2022
5.3. Solar power capacity (as of August 2022)
5.4. Wind power capacity (as of August 2022)
5.5. Bio power capacity (as of August 2022)
5.6. Small hydro power capacity (as of August 2022)
Chapter 6: Government Initiatives
6.1. Government Initiatives
Chapter 7: Impact of COVID-19
7.1. Impact of COVID-19
Chapter 8: Market influencers
8.1. Key growth drivers
8.2. Key challenges
Chapter 9: Competitive landscape
9.1. Adani Power Limited
- Company information
- Business description
- Key people
- Financial snapshot
- Key ratios
- Key financial performance indicators
- Key business segments
- Key geographical segments
- *Note: Similar information has been covered for all other public companies. Private companies’ data has been given on a best-effort basis
9.2. Azure Power Global Limited
9.3. JSW Energy Limited
9.4. NTPC Limited
9.5. ReNew Energy Global Plc
9.6. Suzlon Energy Limited
9.7. The Tata Power Company Limited
9.8. Torrent Power Limited
9.9. Sembcorp Energy India Limited
9.10. GreenKo Group
Chapter 10: Recent developments
10.1. Recent developments
Chapter 11: Appendix
For more information about this report visit https://www.researchandmarkets.com/r/t9wc72
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KEYWORD: INDIA ASIA PACIFIC
INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY
SOURCE: Research and Markets
Copyright Business Wire 2023.
PUB: 01/05/2023 09:49 AM/DISC: 01/05/2023 09:49 AM