India Open Access Solar Market Update Q1 2021
Open access solar installations totaled 419 MW in the first quarter (Q1) of 2021. The new report has expanded coverage into two new markets – Madhya Pradesh and Rajasthan.
India’s open access solar installations totaled 419 MW in the first quarter (Q1) of 2021, while the cumulative solar installations in the open access market have reached 4.3 GW as of March 2021.
The report covers current policies related to the open access market, amendments, price trends, challenges, and emerging business models. The new report has expanded its outreach to include two new markets: Madhya Pradesh and Rajasthan.
The pipeline of projects under development and in the pre-construction phase under open access is estimated to be over 1 GW.
In Q1 2021, Maharashtra was the top state for open access solar projects developed, accounting for 22% of the total installations during the quarter.
The Key States includes:
- Andhra Pradesh
- Uttar Pradesh
- Tamil Nadu
- Madhya Pradesh (new)
- Rajasthan (new)
This is an ideal report for companies thinking about venturing into the open access market as developers or as corporate procurers of clean power either because of renewable purchase obligations or with an intent to go green. Banks, institutional lenders, and developers who have already invested in this market will find all the up-to-date information that they need to keep abreast of the latest regulations, trends, and policies.
According to the report, the open access market is providing an alternative opportunity for developers and investors who do not participate in auctions for large projects considering they are highly competitive and limited to specific geographies.
This report is a culmination of extensive bottom-up data collection and interviews.
The report offers deep insight into the open access solar market, players and policies, and includes:
- Current scenarios in the open access solar market
- Market analysis by business model (Third-Party Sale and Captive/Group Captive)
- Analysis by transaction (Long-term and Short-term)
- State-wise analysis
- Trends in PPA
- Market Leaders
- Project Updates
- Regulatory and policy updates
And much more …
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Utsav Sinha, a senior research analyst covering cleantech markets and has been with Mercom since 2014. Utsav is also an online editor at MercomIndia.com and ensures overall content quality for the site. Utsav earned his bachelor’s degree in Computer Science and Engineering from Dhaneswar Rath Institute of Engineering and Management Studies (DRIEMS) at Biju Patnaik University of Technology, Odisha. More articles from Utsav.