Mercom India Solar Open Access Market Report Q1 2022
Open access solar installations totaled 513 MW in the first quarter (Q1) 2022.
Open access solar installations in India totaled 513 MW in the first quarter (Q1) of the calendar year (CY) 2022, registering a growth of 58% quarter-over-quarter (QoQ), compared to 324 MW installed in Q4 0221. The year-over-year (YoY) installations increased by 22% compared to 422 MW in Q1 2021.
At the end of March 2022, the cumulative installed solar capacity in the open access market stood at nearly 5.7 GW. The top five states in terms of open access installations accounted for 73% of the country’s cumulative open access installations.
The country’s development pipeline of open access solar projects is 2 GW at the end of Q1 2022.
The report analyzes various short-term markets, such as the Day-Ahead Market (DAM), Green Day-Ahead Market (GDAM), Term-Ahead Market, Green Term-Ahead Market, and the Real-Time Market, which have been witnessing a growth in the recent past.
The report gives a detailed account of the relationship between the volume and price of green power transactions in the short-term market.
The report provides an overview of the solar open access business, retail electricity tariff, and the open access charges and costs for the following states: Karnataka, Rajasthan, Maharashtra, Madhya Pradesh, Andhra Pradesh, Tamil Nadu, Uttar Pradesh, Telangana, Haryana, Gujarat, Odisha, Chhattisgarh, Uttarakhand, Punjab, Himachal Pradesh, and Kerala.
The report also gives an overview of banking policies for Haryana, Rajasthan, and Gujarat.
It also includes opinions of open access installers across the country.
Key Highlights from Mercom India Research’s India Solar Open Access Market Report Q1 2022:
- India added 513 MW of solar open access capacity in Q1 2022 installations, showcasing an increase of 58% QoQ and 22% YoY increase
- As of March 2022, the total installed solar capacity in the open access segment crossed 5.7 GW
- Karnataka had the highest solar open access installations in Q1 2022, accounting for 30% of the installations in Q1 2022
- Maharashtra surpassed Tamil Nadu and Uttar Pradesh to become the second-largest state for cumulative open access solar installations
- Maharashtra had the second-largest installations in Q1 2022, with an impressive 131% (QoQ) increase
- Trading renewable energy through the green term-ahead market saw a 49% decrease in volume through October, November, and December 2021
Contact Mercom for pricing: email@example.com or call us at +91-80-41211148.