Market trends

Webinar Insights: “RE power procurements models by C&I segment in India” Global Corporate PPA’s have grown from 4.14 GW in 2016 to a whopping 23.7GW in 2020. In 2019 and 2020, Indian Corporate PPAs accounted for nearly 6-7% of the total Global Corporate PPA share. According to Bloomberg New Energy Finance (BNEF), India was the second largest growth market for corporate renewable PPAs after the US in 2019. While the growth has been stellar, inconsistencies in regulations and policies among…

Utility-scale Solar installations declined 39% Y-O-Y in FY2021 In FY2021 (April 2020-Mar 2021), about 3.5 GW of new utility-scale solar capacity was added in India. Compared to previous year (FY2020), installations were about 39% lesser. Gujarat, Rajasthan, Tamil Nadu, Uttar Pradesh and Andhra Pradesh were the leading states with most of the large-scale solar installations during this period. On the rooftop solar side, despite COVID-induced lockdown and restrictions, about 2 GW of new capacity was added in FY2021. Gujarat and Maharashtra together…

Webinar Insights: “Emerging Rooftop Solar market trends in India” Between April 2020 and February 2021, India added about 1.8 GW of Grid-connected Rooftop Solar capacity[1]. As per MNRE, the cumulative installed capacity, as of Feb-2021, is just 4.32 GW. Clearly, the country still has a long road ahead to reach its national Rooftop Solar target of 40 GW by 2022. Confronted by numerous challenges, the BTM (Behind-the-Meter) Solar market, however, continues to cut through the headwinds as it adopts new…

Cumulative green energy traded in GTAM across IEX and PXIL is 879 MU Green Term-Ahead Market (GTAM), the novel trading market for Renewable Energy is aimed at “greening” the Indian short term power contracts. GTAM is an alternative platform for renewable developers to sell power in the open market without long-term PPAs. With GTAM, corporate buyers, especially companies signatory to RE100 initiative, can buy renewable power and fulfil their RPO obligations, while meeting their short-term electricity demand at competitive prices,…