Monthly RE Update – June 2022
Our monthly market intelligence report on renewables covers the following content: - Tenders – In June 2022, 28 new renewable energy (RE) tenders with a cumulative capacity of 2963.15 MW were issued.
- MSEDCL issued a 500 MW solar tender under Component C of KUSUM scheme in Maharashtra. In addition, MSEDCL floated a 500 MW solar tender under Phase VII.
- GUVNL floated a tender for 500 MW grid connected RE projects with 250 MWh energy storage system (ESS) in Gujarat.
- Auction Completed: Aditya Birla, Hinduja Renewables and SJVN were declared as the winners under GUVNL's 500 MW Phase XIV solar tender in Gujarat in June 2022.
- Installed Capacity: In May 2022, a combined total of 1791.97 MW of solar and wind capacity was added.
- Key deals/ financing trends: In June 2022, more than $566.11 million was invested in the RE sector in India.
- IEX – PXIL GTAM Trend: The IEX and PXIL together traded a total of 250.64 MU in GTAM in June 2022, which is 44% lower than the volume traded in May 2022. The average trade price in IEX-GTAM for June 2022 was INR 7.18/kWh, while for PXIL it was INR 7.16/kWh. This is about 4.1% and 17.7% lower than the previous month's prices.
- Module price trends: Domestic module prices have remained same in June 2022.
- Policy and regulations: In this month, 12 central and 7 state-level policies/ notifications/ regulations/ orders were issued.
| | Monthly EV Update - June 2022
Our monthly report on electric vehicles (EV) is a useful guide for automobile manufacturers, OEM suppliers, and investors to keep abreast of the latest updates in the sector. This monthly update covers the following content: - Product launches: 8 new electric vehicles were launched, including 4 electric two-wheelers, 3 electric three-wheelers 1 e-bus. 1 new e-car launch is expected in July.
- EV Sales Trends: The overall EV sales in June 2022 increased m-o-m by 9.8% to reach 73,257 units. In addition, there was a y-o-y leap of more than 5 times.
- Policies and Regulations: Several Central and State-level policy developments took place including BIS establishing performance standards for EV batteries in India and Haryana approving EV policy for the state
- Charging Infrastructure: Fresh updates on new charging infrastructure /battery swapping including public sector Oil Marketing Companies such as IOC, HPC, and BPCL planning to set up 900 e-charging stations in Tamil Nadu
- E-bus Updates: E-bus procurement updates with regard to 6 cities across India including Mumbai, Bengaluru, etc.
- Other Market Updates
- Deals & Investments: 7 new financial deals amounting to ~US$286 million closed and multiple investment plans announced
- JVs and Partnerships: 17 new announcements during the month
- Tenders: 5 new tenders tracked
- Global Market Updates: Prominent EV-related developments captured
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