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data-element_type="section" data-settings="{"background_background":"classic"}"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f73778c" data-id="f73778c" data-element_type="column"> <div class="elementor-widget-wrap"> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element elementor-element-80dd199 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="80dd199" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b52121d" data-id="b52121d" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-4120eb3 elementor-widget elementor-widget-heading" data-id="4120eb3" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Markets India</h2> </div> </div> <div class="elementor-element elementor-element-9a4c7c2 elementor-widget elementor-widget-text-editor" data-id="9a4c7c2" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>India’s announcement that it aims to reach net zero emissions by 2070 and to meet 50% of its electricity requirements from renewable energy sources by 2030 with numerous policy measures paves the way for growth of renewable electricity sector in India at a faster rate than any other major economy.</p> </div> </div> <div class="elementor-element elementor-element-73a4774 elementor-widget elementor-widget-heading" data-id="73a4774" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">India’s Energy Sector Overview</h2> </div> </div> <section class="elementor-section elementor-inner-section elementor-element elementor-element-1b0c478 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="1b0c478" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-f5792c5" data-id="f5792c5" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-107bb1c elementor-widget elementor-widget-heading" data-id="107bb1c" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Installed Power Capacity (2021)</h2> </div> </div> <div class="elementor-element 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class="elementor-element elementor-element-99b489d elementor-widget elementor-widget-heading" data-id="99b489d" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Average Electricity Prices, (Industrial User)</h2> </div> </div> <div class="elementor-element elementor-element-38c52e3 dce_masking-none elementor-widget elementor-widget-image" data-id="38c52e3" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img decoding="async" width="800" height="469" src="https://solar.totalenergies.asia/wp-content/uploads/2023/01/india-2022-chart2-1024x563-1.jpg" class="attachment-large size-large wp-image-4284" alt="" srcset="https://solar.totalenergies.asia/wp-content/uploads/2023/01/india-2022-chart2-1024x563-1.jpg 1024w, https://solar.totalenergies.asia/wp-content/uploads/2023/01/india-2022-chart2-1024x563-1-300x176.jpg 300w, https://solar.totalenergies.asia/wp-content/uploads/2023/01/india-2022-chart2-1024x563-1-768x450.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /> </div> </div> </div> </div> </div> </section> <div class="elementor-element elementor-element-efde223 elementor-widget elementor-widget-text-editor" data-id="efde223" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <ul><li>As per World Energy Outlook 2021 of IEA, the current share of India in global primary energy consumption is 6.1% and is likely to increase to about 9.8% under stated policies scenario by 2050</li><li>Owing to technological developments, steady policy support and a vibrant private sector solar power plants are cheaper source of electricity</li><li>Commercial & Industrial customers pay high power tariffs because they subsidize the low power tariffs of the residential and agricultural sectors</li></ul> </div> </div> <section data-dce-background-color="#4632FF" class="elementor-section elementor-inner-section elementor-element elementor-element-da8f9fd elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="da8f9fd" data-element_type="section" data-settings="{"background_background":"gradient"}"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-8e7cf3a" data-id="8e7cf3a" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-4ef9588 elementor-widget elementor-widget-heading" data-id="4ef9588" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Regulation</h2> </div> </div> <div class="elementor-element elementor-element-e575c5a elementor-widget elementor-widget-heading" data-id="e575c5a" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Government Lead Initiatives:</h2> </div> </div> <div class="elementor-element elementor-element-f24e1c1 elementor-widget elementor-widget-text-editor" data-id="f24e1c1" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <ul><li>In November 2021, at the Cop-26 Summit in Glasgow, India set ambitious targets to produce 50% of its electricity from renewable sources and install 500 GW of renewable energy capacity by 2030.</li><li>Ministry of Power (MoP), Government of India (GoI) notified the Electricity (Promoting Renewable Energy Through Green Energy Open Access) Rules, 2022 to promote the Green Energy open access across India. This will reduce the diversification of practices related to open access in the states.</li><li>Waivers of open access charges and banking facility offered by multiple state electricity regulators gives incentive to Commercial and Industrial customers to move to Solar Energy.</li></ul> </div> </div> <div class="elementor-element elementor-element-2054a98 elementor-widget elementor-widget-heading" data-id="2054a98" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Implementation:</h2> </div> </div> <div class="elementor-element elementor-element-b3b57c7 elementor-widget elementor-widget-text-editor" data-id="b3b57c7" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <ul><li>In the Union Budget 2022-23, the allocation for the Solar Energy Corporation of India (SECI), which is currently responsible for the development of the entire renewable energy sector, stood at Rs. 1,000 crores (~US$ 132 million).</li><li>Investment in renewable energy in India reached a record US$ 14.5 billion in FY22, an increase of 125% over FY21.</li></ul> </div> </div> </div> </div> </div> </section> <div class="elementor-element elementor-element-d41ea2c elementor-widget elementor-widget-spacer" data-id="d41ea2c" data-element_type="widget" data-widget_type="spacer.default"> <div class="elementor-widget-container"> <div class="elementor-spacer"> <div class="elementor-spacer-inner"></div> </div> </div> </div> <div class="elementor-element elementor-element-ad6a89f elementor-widget elementor-widget-heading" data-id="ad6a89f" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Project Reference</h2> </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element 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url(https://solar.totalenergies.asia/wp-content/uploads/2022/12/1200px-Renault-Nissan-Mitsubishi_Alliance_logo.svg_.png);" role="img" aria-label="1200px-Renault-Nissan-Mitsubishi_Alliance_logo.svg"></div> <div class="elementor-cta__bg-overlay"></div> </div> <div class="elementor-cta__content"> <h3 class="elementor-cta__title elementor-cta__content-item elementor-content-item"> Renault-Nissan has launched a CSR Program committing to sustainable activity and mobility. </h3> <div class="elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item "> <span class="elementor-cta__button elementor-button elementor-size-xs"> » Read More </span> </div> </div> </a> </div> </div> </div> </div> <div class="elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-49818b5" data-id="49818b5" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-6822ef0 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