India Solar Thermal Power Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035

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India Solar Thermal Power Market Report Overview

The cumulative installed capacity for solar thermal power in India was 232.5 MW in 2022 and is expected to achieve a CAGR of more than 2% during 2022-2035.

India Solar Thermal Power Market Outlook, 2022-2035 (MW)

India Solar Thermal Power Market Outlook, 2022-2035 (MW)

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The India solar thermal power market research report offers comprehensive information and understanding of the solar thermal power market in India. The report discusses the renewable power market in the country and provides forecasts up to 2035. The report highlights installed capacity and power generation trends from 2010 to 2035 in the country’s solar thermal power market. Detailed coverage of the renewable energy policy framework governing the market is also provided in the report. The report provides company snapshots of some of the major market participants as well.

Cumulative Installed Capacity (2022) 232.5 MW
CAGR (2022-2035) >2%
Historical Period 2010-2022
Forecast Period 2023-2035
Key Deal Types ·       Acquisition

·       Asset Transactions

Key Active Plants ·       RPL Rajasthan – 1

·       GPIL Rajasthan

·       MEIL Andhra Pradesh

·       Atria Power Karnataka CSP Project

·       Bikaner Rajasthan Solar Power Plant

Key Companies ·       Tata Power Renewable Energy Ltd

·       Geetanjali Solar Enterprises

·       Espee Solaar

·       Enolar Systems Marketing Pvt Ltd

·       Andromeda Energy Technologies (P) Ltd

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India Solar Thermal Power Market Segmentation by Deal Types

The key deal types in the India solar thermal power market are acquisition and asset transactions. The acquisition had the largest number of deals in the solar thermal power market in 2022.

India Solar Thermal Power Market Analysis by Deal Types, 2022 (%)

India Solar Thermal Power Market Analysis by Deal Types, 2022 (%)

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India Solar Thermal Power Market - Major Active Plants

The major active plants in the India solar thermal power market are RPL Rajasthan – 1, GPIL Rajasthan, MEIL Andhra Pradesh, Atria Power Karnataka CSP Project, and Bikaner Rajasthan Solar Power Plant among others. As of 2023, RPL Rajasthan – 1 has the highest total capacity.

India Solar Thermal Power Market Analysis by Active Plants, 2023 (%)

India Solar Thermal Power Market Analysis by Active Plants, 2023 (%)

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India Solar Thermal Power Market – Competitive Landscape

The key companies in the India solar thermal power market are Tata Power Renewable Energy Ltd, Geetanjali Solar Enterprises, Espee Solaar, Enolar Systems Marketing Pvt Ltd, and Andromeda Energy Technologies (P) Ltd.

Tata Power Renewable Energy Ltd (TPREL): TPREL is a subsidiary of Tata Power Company Limited is a provider of renewable energy in India. The company generates and sells power to the local distribution companies. It develops, constructs, and operates wind, solar, and waste gas-based power assets.

India Solar Thermal Power Market Analysis by Companies, 2023

India Solar Thermal Power Market Analysis by Companies, 2023

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Segments Covered in The Report

India Solar Thermal Power Market Deal Types Outlook (Cumulative Installed Capacity, MW, 2010-2035)

  • Acquisition
  • Asset Transactions

Scope

The report analyses India’s solar thermal power market. The scope of the research includes –

  • A brief introduction to global carbon emissions and global primary energy consumption.
  • An overview of the country’s renewable power market, highlighting installed capacity trends (2010-2035), generation trends (2010-2035), and installed capacity split by various renewable power sources.
  • Detailed overview of the country’s solar thermal power market with installed capacity and generation trends, and major active and upcoming solar thermal power projects.
  • Deal analysis of the country’s solar thermal power market.
  • Key policies and regulatory framework supporting the development of solar thermal power.
  • Snapshots of some of the major market participants in the country.

Reasons to Buy

  • Enhance your decision-making capability in a more rapid and time-sensitive manner.
  • Identify key growth and investment opportunities in the country’s solar thermal power market.
  • Facilitate decision-making based on strong historical and forecast data for the solar thermal power market.
  • Position yourself to gain the maximum advantage of the industry’s growth potential.
  • Develop strategies based on the latest regulatory events.
  • Identify key partners and business development avenues.
  • Understand and respond to your competitors’ business structure, strategy, and prospects.

Tata Power Renewable Energy Ltd
Geetanjali Solar Enterprises
Espee Solaar
Enolar Systems Marketing Pvt Ltd
Andromeda Energy Technologies (P) Ltd

Table of Contents

  • 1. Introduction
  • 1.1 Carbon Dioxide Emissions, Global, 2001–2022
  • 1.2 Primary Energy Consumption, Global, 2001–2022
  • 1.3 Report Guidance
  • 2. Renewable Power Market, India
  • 2.1 Renewable Power Market, India, Installed Capacity, 2010-2035
  • – Renewable Power Market, India, Cumulative Installed Capacity by Source, 2010-2035
  • – Renewable Power Market, India, Cumulative Installed Capacity Share by Source, 2022 and 2035
  • – Renewable Power Market, India, Net Capacity Additions by Source, 2022-2035
  • – Renewable Power Market, India, Capacity Growth by Source, 2022-2035

  • 2.2 Renewable Power Market, India, Power Generation, 2010-2035
  • – Renewable Power Market, India, Power Generation by Source, 2010-2035
  • – Renewable Power Market, India, Growth in Power Generation by Source, 2022-2035

  • 3. Solar Thermal Market, India
  • 3.1 Solar Thermal Power Market, India, Installed Capacity, 2011-2035
  • 3.2 Solar Thermal Power Market, India, Power Generation, 2011-2035
  • 3.3 Solar Thermal Power Market, India, Market Size, 2010-2017
  • 3.4 Solar Thermal Power Market, India, Power Plants
  • – Solar Thermal Power Market, India, Major Active Plants

  • 3.5 Solar Thermal Power Market, India, Deal Analysis, 2022
  • – Solar Thermal Power Market, India, Deal Volume vs. Deal Value, 2010–2022
  • – Solar Thermal Power Market, India, Split by Deal Type, 2022

  • 4. Renewable Energy Policy Framework, India
  • 4.1 Renewable Energy Market, Overview
  • 4.2 Policy Snapshot
  • 4.3 Renewable Energy Targets
  • 4.4 Electricity Act of 2003
  • – National Electricity Policy (NEP, 2022)
  • – National Electricity Policy (NEP, 2021)

  • 4.5 Electricity (Amendment) Bill, 2022
  • 4.6 National Renewable Energy Act, 2015
  • 4.7 Cross Border Power Trade Regulation, 2020
  • 4.8 Cross Border Electricity Trade, 2021
  • 4.9 Scheme for Supply of Round-The-Clock (RTC) Renewable Energy
  • 4.10 National Action Plan on Climate Change
  • – State Action Plan on Climate Change (SAPCC)

  • 4.11 Amendments in National Tariff Policy
  • 4.12 Renewable Energy Certificates
  • – REC Amendment 2021
  • – REC Amendment 2022

  • 4.13 Memorandum- “Make in India” for Local Content in Renewable Energy Products
  • 4.14 Memorandum-Quality of Solar Modules
  • 4.15 National Wind-Solar Hybrid Policy
  • 4.16 Quality Control Manual for Grid Connected Rooftop Solar PV Systems and Solar PV Water Pumping Systems
  • 4.17 Green Term Ahead Market (GTAM)
  • 4.18 Green Energy Corridor
  • 4.19 Interstate Transmission Network System (ISTS)-Connected Wind-Solar Hybrid Power Projects
  • 4.20 Extension on Waiver of Inter-State Transmission Charges
  • 4.21 Union Budget Allocation
  • – 2023-2024
  • – 2022-2023

  • 4.22 National Hydrogen Mission
  • 4.23 Renewable Energy Auctions
  • – Auction Analysis

  • 4.24 Feed-in-Tariffs
  • – Small Hydro
  • – Bioenergy
  • – Solar Power
  • – Wind Power

  • 4.25 Support for Renewable Energy, India
  • – Support for Solar Power
  • – Support for Wind Power
  • – Support for Biopower
  • – Support for Small Hydropower
  • Renewable status to large hydro plant above 25 MW, 2019

  • 5. Solar Thermal Power Market, India, Company Profiles
  • 5.1 Tata Power Renewable Energy Ltd
  • – Tata Power Renewable Energy Ltd – Company Overview
  • – Tata Power Renewable Energy Ltd – Major Products and Services
  • – Tata Power Renewable Energy Ltd – Head Office

  • 5.2 Geetanjali Solar Enterprises
  • – Geetanjali Solar Enterprises – Company Overview
  • – Geetanjali Solar Enterprises – Major Products and Services
  • – Geetanjali Solar Enterprises – Head Office

  • 5.3 Espee Solaar
  • – Espee Solaar – Company Overview
  • – Espee Solaar – Major Products and Services
  • – Espee Solaar – Head Office

  • 5.4 Enolar Systems Marketing Pvt Ltd
  • – Enolar Systems Marketing Pvt Ltd – Company Overview
  • – Enolar Systems Marketing Pvt Ltd – Major Products and Services
  • – Enolar Systems Marketing Pvt Ltd – Head Office

  • 5.5 Andromeda Energy Technologies (P) Ltd
  • – Andromeda Energy Technologies (P) Ltd – Company Overview
  • – Andromeda Energy Technologies (P) Ltd – Major Products and Services
  • – Andromeda Energy Technologies (P) Ltd – Head Office

  • 6. Appendix
  • 6.1 Abbreviations
  • 6.2 Market Definitions
  • – Power
  • – Renewable Power
  • – Installed Capacity
  • – Electricity Generation
  • – Electricity Consumption

  • 6.3 Methodology
  • – Coverage
  • – Secondary Research
  • – Primary Research
  • – Modelling and Forecasting
  • Contact Us

Table

Table 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001-2022

Table 2: Primary Energy Consumption, Global, 2001-2022

Table 3: Renewable Power Market, India, Cumulative Installed Capacity by Source (MW), 2010-2035

Table 4: Renewable Power Market, India, Cumulative Installed Capacity Share by Source (%), 2022 and 2035

Table 5: Renewable Power Market, India, Net Capacity Additions by Source (MW), 2022-2035

Table 6: Renewable Power Market, India, Capacity Growth by Source, 2022-2035

Table 7: Renewable Power Market, India, Power Generation by Source (GWh), 2010-2035

Table 8: Renewable Power Market, India, Growth in Power Generation by Source, 2022-2035

Table 9: Solar Thermal Power Market, India, Installed Capacity (MW), 2011-2035

Table 10: Solar Thermal Power Market, India, Power Generation (GWh), 2011-2035

Table 11: Solar Thermal Power Market, India, Market Size ($M), 2010-2017

Table 12: Solar Thermal Power Market, India, Major Active Plants

Table 13: Solar Thermal Power Market, India, Deal Volume vs. Deal Value ($M), 2010-2022

Table 14: Wind Power Market, India, Deals by Type, 2022

Table 15: Policy Snapshot, India, 2022

Table 16: Renewable energy market, India, state-wise renewable energy targets vs actuals, 2022

Table 17: Renewable Energy Market, India, Renewable Purchase Obligation (%), 2023-2030

Table 18: Renewable Energy Certificate Volume, India, 2022-23

Table 19: Renewable Energy Auctions, India, 2018-2022

Table 20: Renewable Energy Market, India, FiT for Small Hydro, 2019-2023

Table 21: Renewable Energy Market, India, FiT for Biopower-based Power Plants, FY2022-23

Table 22: Renewable Energy Market, India, Net Metering Regulations in Leading States

Table 23: Renewable Energy Market, India, Net Metering and Gross Metering Policy, Karnataka

Table 24: Tata Power Renewable Energy Ltd, Major Products and Services

Table 25: Geetanjali Solar Enterprises, Major Products and Services

Table 26: Espee Solaar, Major Products and Services

Table 27: Enolar Systems Marketing Pvt Ltd, Major Products and Services

Table 28: Andromeda Energy Technologies (P) Ltd, Major Products and Services

Table 29: Abbreviations

Figures

Figure 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001-2022

Figure 2: Primary Energy Consumption, Global, 2001-2022

Figure 3: Renewable Power Market, India, Cumulative Installed Capacity by Source (MW), 2010-2035

Figure 4: Renewable Power Market, India, Cumulative Installed Capacity Share by Source (%), 2022 and 2035

Figure 5: Renewable Power Market, India, Net Capacity Additions by Source (MW), 2022-2035

Figure 6: Renewable Power Market, India, Capacity Growth by Source, 2022-2035

Figure 7: Renewable Power Market, India, Power Generation by Source (GWh), 2010-2035

Figure 8: Renewable Power Market, India, Growth in Power Generation by Source, 2022-2035

Figure 9: Solar Thermal Power Market, India, Installed Capacity (MW), 2011-2035

Figure 10: Solar Thermal Power Market, India, Power Generation (GWh), 2011-2035

Figure 11: Solar Thermal Power Market, India, Market Size ($M), 2010-2017

Figure 12: Solar Thermal Power Market, India, Deal Volume vs. Deal Value ($M), 2010-2022

Figure 13: Solar Thermal Power Market, India, Split by Deal Type (%), 2022

Figure 14: Renewable Auctions, Auctioned Capacity (GW) Vs. Awarded Capacity (GW), India, 2017-2022

Figure 15: Renewable Auctions, Awarded Capacity (GW) by Technology, India, 2017-2022

Figure 16: Renewable Auctions, Solar PV Prices ($/MWh), India, 2017-2023

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