In Short : ICRA has cautioned that India’s solar module manufacturing sector may face consolidation as rapid capacity expansion outpaces near-term demand. With aggressive capacity additions, falling prices, and intense competition, several smaller players may struggle to remain viable. The industry could move toward larger, integrated manufacturers dominating the market while weaker firms face margin […]
India Set for Major Green Shift as Renewables Poised to Exceed 35% of Power Mix by FY30: ICRA – EQ
In Short : ICRA projects that renewable energy will account for over 35% of India’s power generation mix by FY30, driven by strong capacity additions in solar and wind. Growing policy support, improved grid integration, and declining renewable tariffs are accelerating adoption. The rating agency notes that expanding storage and hybrid projects will further enhance […]
Overcapacity in solar module manufacturing industry to moderate profitability of solar OEMs, spur consolidation of smaller/pureplay module players: ICRA – EQ
ICRA expects the solar photovoltaic (PV) module manufacturing capacity in India to increase to over 165 GW by March 2027 from ~109 GW at present, led by strong policy support in the form of the approved list of models and manufacturers (ALMM), which effectively barred the direct import of modules, along with the imposition of […]
Average tariff hike of 4.5% along with reduction in AT&C losses below 15% needed to eliminate the gap between ACS and ARR: ICRA – EQ
Regulatory assets remain high across key states in India at Rs. 3 trillion; Additional steep tariff hike over and above the average tariff hike would be needed for liquidation of these regulatory assets Tariff orders issued for discoms in 23 out of 28 states for FY2026 with a median tariff hike of 1.9% Rating agency […]
Edge data centre capacity in India likely to triple by 2027, says ICRA – EQ
In Short : India’s edge data centre capacity is projected to triple by 2027, reaching 200–210 MW from the current 60–70 MW, according to ICRA. This growth is driven by rising demand for low-latency services like 5G, IoT, and AI. Despite challenges like higher costs and talent shortages, edge centres will play a vital role in decentralizing […]
India’s power demand to grow 5.5% in FY26: ICRA – EQ
In Short : India’s power demand is set to grow by 5.5% in FY26, says ICRA, up from 4.2% in FY25. Growth will be driven by EVs, data centers, and green hydrogen. Around 44 GW capacity will be added, mostly from renewables. However, discoms face rising debt and financial stress, keeping the outlook for the […]
Li-ion battery market to attract Rs 75,000 crore investment by 2030: ICRA – EQ
In Short : According to ICRA, India’s Li-ion battery market is expected to attract investments worth ₹75,000 crore by 2030. Driven by rising demand for electric vehicles (EVs), energy storage, and renewable integration, the market is set for rapid growth. This investment surge will boost domestic manufacturing, reduce import dependence, and support India’s clean energy […]
India’s renewable energy capacity to touch 250 GW mark by March 2026: Icra – EQ
In Short : India’s renewable energy capacity is expected to reach 250 GW by March 2026, according to ICRA. This growth is driven by the country’s efforts to expand solar, wind, and other renewable sources, in line with its ambitious climate goals. The increase in capacity will support India’s transition to cleaner energy and contribute […]
Over Rs 3 trn needed each year to reach 440 GW RE capacity by 2030: ICRA – EQ
In Short : According to ICRA, India will need over ₹3 trillion (approximately $36 billion) annually to reach its goal of 440 GW of renewable energy (RE) capacity by 2030. This significant investment is required to meet the nation’s Renewable Purchase Obligation (RPO) targets and align with the larger goal of achieving 500 GW of […]
India is likely to add 30 GW of power generation in FY25, with 80% from renewable energy sources: ICRA – EQ
In Short : ICRA forecasts India will add 30 GW of power generation in FY25, with 80% sourced from renewables. This significant increase highlights the country’s focus on expanding clean energy capacity to meet growing electricity demand and sustainability targets. In Detail : India plans to add 30 GW of power generation capacity in FY25, […]