In calendar year (CY) 2021, 1.2 gigawatts (GW) of open access solar was installed, a 222% growth from the 383 MW installed in 2020, according to Mercom India Research’s newly released report.

As of December 2021, the cumulative installed solar capacity in the open access market was over 5 GW.

The new report has expanded coverage to include two new markets: Himachal Pradesh and Kerala. The report covers the current policies related to the open access market, amendments, price trends, and emerging business models.

During CY 2021, Uttar Pradesh was the top state, followed by Tamil Nadu and Maharashtra. The top five states made up for 80% of the total installations during the year.

India added 298 MW of solar open access capacity in Q4 2021, a 75% increase year-over-year (YoY).

The report expounds on various short-term markets such as the Day-Ahead Market (DAM), Green Term-Ahead Market (GTAM), Term-Ahead Market (TAM), and the Real-Time Market (RTM), all of which have been experiencing a surge in activity in CY 2021.

And much more …

Key Highlights from Mercom India Research’s India Solar Open Access Market Report Q4 & Annual 2021

• In calendar year (CY) 2021, 1.2 GW of open access solar was installed, a growth of 222% compared to 383 MW installed in 2020.
• India added 298 MW of solar open access capacity in Q4 2021; installations were up 75% YoY.
• As of December 2021, the total installed solar capacity in the open access segment crossed 5 GW.
• The top five states contributed 80% of all open access installations in CY 2021 and 90% during the quarter.
• Karnataka continues to be the top state for open access solar as of December 2021, accounting for 38% of the country’s cumulative open access solar installations.
• During CY 2021, Uttar Pradesh was the top state, followed by Tamil Nadu and Maharashtra.
• As of December 2021, the top five states make up about 71% of the country’s total open access solar installations.
• Trading renewable energy through the newly introduced green day-ahead market saw a 4.8% increase in volume between November and December 2021.

Contact Mercom for pricing: reports@mercomindia.com or call us at +91-80-41211148.