Monthly RE Update – October 2022
Our monthly market intelligence report on renewables covers the following content: - Tenders – In October 2022, 13 new renewable energy (RE) tenders with a cumulative capacity of 1895 MW were issued.
- MSEDCL issued a wind-solar hybrid tender of 500 MW in Maharashtra.
- GUVNL floated a tender of 500 MW solar power projects under Phase XVIII to be set up anywhere in India with green shoe option of additional up to 500 MW.
- In addition, GUVNL issued a tender of 300 MW wind power projects under Phase IV with green shoe option of additional up to 300 MW.
- Installed Capacity: In the month of September 2022, 1972, MW of solar and wind capacity was added, taking the cumulative RE capacity to 118 GW.
- Project Commissioned: Adani commissioned 450 MW capacity under SECI's 1200 MW Wind Solar Hybrid Tranche I tender.
- Key deals/ financing trends: In October 2022, more than $169 million was invested in the RE sector in India.
- IEX – PXIL GTAM Trend: The IEX and PXIL together traded a total of 143 MU in GTAM in October 2022, which is 5.71% lower than the volume traded in September 2022. The average trade price in IEX-GTAM for October 2022 was INR 4.26/kWh, while for PXIL it was INR 4.21/kWh. This is about 26.4% and 15.8% lower than the previous month's prices
- Module price trends: Domestic module prices have shown a downward trend in October 2022 with a m-o-m decrease of around 2%.
- Policy and regulations: In this month, 12 central and 11 state-level policies/ notifications/ regulations/ orders were issued.
| | Monthly EV Update - October 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: 12 new electric vehicles were launched, including 5 E-scooters, 2 E-Bicycles by the same brand, 2 E-cars by BYD and MG Motor, and 2 E-cargo and 1 E-passenger three-wheelers by Erisha E-Mobility. 4 new EVs including 2 E-bikes and 2 E-cars are to be launched in the coming two months
- EV Sales Trends: The overall EV sales in October 2022 increased to 1,19,889 units, registering m-o-m rise of 28.1% and a y-o-y leap of more than 200%
- Policies and Regulations: At the state-level, Uttar Pradesh has rolled out its electric vehicle policy
- Charging Infrastructure and Battery Swapping: 46 charge points have been installed while more than 1,600 chargers and around 124 battery swapping stations are planned for installation
- Key Manufacturing Updates: Maharashtra to create INR493 crore electronic manufacturing cluster
- Other Market Updates: Tata Motors bags order for 200 e-buses, EV charging facility now available at 4,100 petrol pumps in India
- Deals & Investments: Investments worth ~INR 2,113 crore announced in EV and EV component segments
- JVs & Partnerships: 14 new announcements during the month
- Global Market Updates: Prominent EV-related developments captured including Electric Vehicles accounting for 35% Market Share in China in September and the European Union approving effective ban on new fossil fuel cars from 2035
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