{
  "docId": "019dd923-5e88-73ef-bd58-542943ed42f8",
  "docSlug": "f20c241b6d78cc7b",
  "documentTitle": "energy summit chiavari",
  "authorId": "MorganStanley",
  "authorName": "EY",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "portrait",
  "aspectRatio": 0.707,
  "pageNumber": 35,
  "pageCount": 96,
  "prevPage": 34,
  "nextPage": 36,
  "slideType": "industry_trends",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 22,
  "notes": "Includes section 3.1.5 on tariff competitiveness and specific data on solar energy auctions from Jan-June 2024.",
  "elementsJson": [
    "bullet_list",
    "paragraph"
  ],
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd58-542943ed42f8/35",
  "deckHref": "/decks/019dd923-5e88-73ef-bd58-542943ed42f8",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd58-542943ed42f8.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd58-542943ed42f8#slide-35",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "The rising prominence of other tendering agencies underlines the strength of India's renewable energy tendering ecosystem.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-340f-723f-8a1b-e68af513dd0e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.08,
        "y": 0.0016
      },
      "kind": "list",
      "text": "Solar Energy Cooperation of India (SECI)- 15 GW; National Thermal Power Corporation (NTPC)- 15 GW; Satluj Jal Vidyut Nigam (SJVN)- 10 GW; National Hydroelectric Power Company (NHPC)- 10 GW",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "62a6d506-7136-43f0-86ef-9d4a430a8d86",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "GW: 66.1 GW",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-340f-723f-8a1b-e9f189bc3842",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.52,
        "y": 0.0015
      },
      "kind": "paragraph",
      "text": "Against the 10 GW and 40GW targets for FY2024, the agencies cumulatively issued tenders of 4.75GW (47.5% of target) and 38.92GW (97.3%) for the wind and solar power, respectively.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "118e645f-db04-40a1-b164-bc5c74f7711f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.85,
        "x": 0.08,
        "y": 0.53
      },
      "kind": "paragraph",
      "text": "A transparent competitive bidding mechanism has been critical in driving the affordable renewable energy growth. A total of 91 tenders have been issued in the period of six months, starting from January 2024 till June 2024, with a cumulative capacity of 66.1 GW.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3b8bd1f6-ac5f-445f-adb7-bddea8be3a00",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.85,
        "x": 0.08,
        "y": 0.32
      },
      "kind": "paragraph",
      "text": "From FY2020-24, the share of hybrid renewable energy tenders rose from 16% to 43%. The top five tendering agencies account for more than three-quarters of India's entire tender allotment.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3da642a2-a6da-4e58-be70-9bac8ed47d38",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.85,
        "x": 0.08,
        "y": 0.7
      },
      "kind": "paragraph",
      "text": "From January to June 2024, developers auctioned a total of 11,225 MW of solar capacity. March saw an auction of 5625 MW. In May, developers allotted 1500 MW of capacity among four RE developers.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f41d4c43-f0c0-425a-ba75-6f0c433b4616",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.1,
        "x": 0.08,
        "y": 0.96
      },
      "kind": "source-note",
      "text": "22. JMK Research",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bb5f2908-2584-4243-b58a-3d4b0ec456d8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.45,
        "x": 0.08,
        "y": 0.49
      },
      "kind": "title",
      "text": "3.1.5 Tariff competitiveness of renewable energy",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6522c615-dc84-4b13-95bb-936f4f825843",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.15,
        "x": 0.08,
        "y": 0.66
      },
      "kind": "title",
      "text": "Solar energy",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "656fdf95-29b2-4ae8-8fde-f24c4db7bfa5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.35,
        "x": 0.08,
        "y": 0.29
      },
      "kind": "title",
      "text": "Tender issuance analysis for FY2024",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b7659da0-42dd-4711-93c7-74d231d9302b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}