Gautam Solar Pvt Ltd’s Post

The average cost of large-scale #solarprojects in India fell 2% QoQ and 25.7% YoY in Q2 2024. Since Q1 2023, large-scale solar project costs have dropped for six straight quarters, with an average fall of 6% per quarter. https://lnkd.in/g9EbsSXg

Our new report: India Solar Compass Q4 2023 This report provides a detailed update of all key sector developments and trends in the quarter – capacity addition, leading players, tenders and policy announcements, equipment prices, financial deals and other market developments. It also provides market outlook for the next two quarters. Key highlights from the report:   ✔India is estimated to have added total solar power capacity of 2,259 MW in Q4 2023, 40% up over previous quarter, taking total installed capacity to 77,261 MW. ✔New capacity addition was split 39:25:31:5 between utility scale, open access, #rooftopsolar and off-grid solar at 873 MW, 557 MW, 708 MW and 121 MW respectively. ✔Q4 witnessed a 11% QOQ increase in project #tender issuance totalling 18,320 MW capacity across 49 tenders. ✔Solar module prices fell to a record low of USD cents 12/ Wp, down 20% down QOQ. ✔Installation activity is expected to pick up strongly over next year due to low #module prices and improving module availability. You may buy this full edition by clicking below: https://lnkd.in/eYFdxaGG   To subscribe to India #Solar Compass (4 editions a year), please write to us at market.research@bridgetoindia.com. #openaccess #Finance Vinay Rustagi | CRISIL Limited | Neha Makol | Dhruv Tyagi | Arunima Sinha | Aryaman Singh | Srishti Khanna | Shubhi Verma | Manvaditya .

Our new report: India Renewable Compass Q1 2024 This report provides a detailed update of all key sector developments and trends in the quarter – capacity addition, leading players, tenders and policy announcements, equipment prices, financial deals and other market developments. It also provides market outlook for the next two quarters. Key highlights from the report: ✔India is estimated to have added total renewable power capacity of 8,547 MW in Q1 2024, 204% up over previous quarter, taking total installed capacity to 131,641 MW. ✔New capacity addition for solar was split 56:31:10:3 between utility scale, #openaccess, #rooftop, and off-grid at 4,464 MW, 2,454 MW, 791 MW and 209 MW, respectively. Wind added over 629 MW in the quarter. ✔Rajasthan was the largest state by #commissionedcapacity, followed by Tamil Nadu, Karnataka and Maharashtra. ✔Q1 witnessed a 6% q-o-q increase in project tender issuance totaling 40,250 MW across 80 tenders. ✔#Solarmodule prices fell to a record low of USD cents 11/ Wp, down 8% q-o-q. You may buy this full edition by clicking below: https://lnkd.in/gFKq2tfY To subscribe to India Renewable Compass (4 editions a year), please write to us at market.research@bridgetoindia.com. CRISIL Limited | Vinay Rustagi | Sehul Bhatt | Mridul Chadha | Surbhi Kaushal | Neha Makol | Arunima Sinha | Dhruv Tyagi | Aryaman Singh |Shubhi Verma | Srishti Khanna. #renewables #solar #wind #India

As we wrap up the incredible Q3FY24, we are delighted to bring to you exciting updates, reflecting on our growth trajectory, unwavering determination and commitment to excellence.   📈 𝐍𝐞𝐰 𝐎𝐫𝐝𝐞𝐫𝐬, 𝐍𝐞𝐰 𝐌𝐢𝐥𝐞𝐬𝐭𝐨𝐧𝐞𝐬: We have been awarded five marquee projects from global and domestic IPPs also creating a breakthrough in Europe while setting higher benchmarks for the quarter to come.   🌐 𝐁𝐨𝐥𝐝𝐞𝐫 𝐀𝐦𝐛𝐢𝐭𝐢𝐨𝐧𝐬: This quarter has been a testament to our unyielding commitment to innovation and pushing boundaries. We've set bolder ambitions for ourselves, and with your support, we're reaching new heights. The challenges we face only fuel our determination to redefine what's possible.   🤝 𝐒𝐭𝐫𝐨𝐧𝐠𝐞𝐫 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩𝐬: Collaboration is at the heart of success, and this quarter has seen the forging of even stronger partnerships. We believe in the power of unity, and these alliances will not only strengthen our foundation but also open doors to exciting possibilities.   𝐓𝐡𝐞 𝐮𝐩𝐜𝐨𝐦𝐢𝐧𝐠 𝐪𝐮𝐚𝐫𝐭𝐞𝐫𝐬 𝐚𝐫𝐞 𝐚𝐥𝐥 𝐚𝐛𝐨𝐮𝐭 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧, 𝐜𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐮𝐧𝐩𝐚𝐫𝐚𝐥𝐥𝐞𝐥𝐞𝐝 𝐬𝐮𝐜𝐜𝐞𝐬𝐬! #renewableenergy #solarenergy

Speaking on the quarter results, Amit Jain, Global CEO, Sterling and Wilson Renewable Energy shared “During Q3 FY24 we have witnessed notable strides in advancing our #renewableenergy portfolio with four unique projects from India as well as our first significant overseas order in three years. Post the successful QIP, our balance sheet has significantly strengthened, and fully geared to pursue the fast-growing solar EPC markets in India and abroad. Our unexecuted order book stands at INR 8,750 crore currently. We are confident to sustain our growth momentum as a lot of our marquee customers are approaching us once again as our balance sheet issues are resolved and the company is nearly net debt free.“ Full Story at https://lnkd.in/gD4Wh7Y8 #solarenergy #solarpower

With India demonstrating a clear commitment to clean energy targets and ongoing innovation, renewable energy is emerging as an exciting investment opportunity. Investors can benefit from India’s continued economic resilience and growth through bond market instruments. Reema Ghosh Roy, Senior Credit Analyst, has recently returned from a research visit to India and gives her insights on the renewables industry in our latest article. https://grp.hsbc/6049c8xzt #AssetManagement #India #Renewables

The performance of the 10 rated Indian restricted groups in Fitch Ratings' portfolio of wind and solar project-finance transactions improved in FY24, but overall power generation remained below the ratings agency's one-year forecasts. #india #invest #investment #investinindia #gibf2024 #aatmnirbharbharat #makeinindia

SMA Group Reports Extraordinarily Strong 2023 SMA Solar Technology AG has confirmed the provisional figures for 2023 as a whole and the guidance for 2024 published on February 29, 2024. In the2023 fiscal year, consolidated sales increased by 78.6% to €1,904.1 million (2022: €1,065.9 million). The gross margin was up significantly year on year at 29.4% (2022: 21.0%), driven in particular by increased profitability in the Home Solutions segment. EBITDA increased significantly from €70.0 million in the 2022 fiscal year to €311.0 million. This corresponds to an EBITDA margin of 16.3% (2022: 6.6%). This positive performance was driven both by persistently high demand for SMA products and by an improvement in production […] Read the full story here: https://lnkd.in/dMEF8UYN #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #ebitda #financialresult #salesgrowth #smasolar #solarenergy

𝗜𝗻𝗱𝗶𝗮'𝘀 𝗧𝗵𝗲𝗿𝗺𝗮𝗹 𝗣𝗼𝘄𝗲𝗿 𝗦𝗵𝗮𝗿𝗲 𝘁𝗼 𝗗𝗲𝗰𝗹𝗶𝗻𝗲 𝘁𝗼 𝟲𝟳% 𝗯𝘆 𝗙𝗬𝟮𝟲 𝗔𝗺𝗶𝗱 𝗥𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲 𝗘𝗻𝗲𝗿𝗴𝘆 𝗣𝘂𝘀𝗵 India's thermal power share in electricity generation is expected to decrease from 73% in FY24 to 67% by FY26, driven by the government's strong push for renewable energy (RE). Crisil Ratings projects RE's share to rise to 20% during the same period. Despite this shift, thermal power will remain crucial due to its role in meeting base load demand, with coal plant load factors (PLFs) staying above 65%. #finance #news #RenewableEnergy #ThermalPower #IndiaEnergy Source:- https://lnkd.in/dfQqRwqM

Bluebird Solar's CEO Mr. Rohit Tikku, Shares his expectations for the upcoming #Budget2024 with INDIA TV (Independent News Service Pvt Ltd) Indian Solar Panel manufacturers are hopeful of a strong push towards domestic manufacturing, which will position India as a global exporter in the renewable energy sector. The industry is looking forward to the expansion of the production linked incentive (PLI) program for the micro, small and medium enterprises (MSME) sector in the form of offering loans to MSMEs at very low interest rates, which will not only encourage local manufacturing, It will also encourage economic growth in small enterprises. Read more 👉 https://lnkd.in/gBa8TVJq . . . #BluebirdSolar #Budget #india #expectations #indiatv #solarindustry #solarnews #SolarEnergy #solarpower #solarpanels #solarcompany #solarpv #renewableenergy #renewables #energy #power #greenenergy #budgetnews #solarpowered #solarmanufacturer #MSME #manufacturingindustry #solar #manufacturer #msmeindia #domestic #manufacturing