Market trends

More than 23 GW of RE assets acquired in India So Far With the demand for renewable energy growth in India , more and more companies are vying to get hold of a considerable share of the Indian RE market. Some of these companies are either entering the Indian RE market or expanding their existing portfolios via inorganic routes such as by acquiring commissioned and/or under-development RE assets. This is also a preferred route whereby developers are able to avoid…

Simplifying Virtual Power Purchase Agreements (VPPA)- Indian perspective Currently, in India, C&I consumers avail RE power mainly through signing “physical power purchase agreements (PPA)” viz. either on-site (rooftop) or off-site (open access). These procurement models require real time accounting of power generated and consumed. As RE based power is highly variable in nature, C&I consumers fail to replace all of their consumption using physical PPA route. To counter this problem, virtual PPA (VPPA) has been explored by various players. Structure…

Repowering: Extend new life into older wind projects India has started harnessing the wind power in the late eighties and as on 31st September 2022 the total wind power capacity installed in the country has reached 41.66 GW. The share of wind energy in the total installed capacity mix in the country also reached 10.2% as of September 30, 2022 However, everything in this world has an expiry date including wind turbines. India also has significant number of old wind…