Market trends

10 states under various stages of implementation of Green Open Access Rules (GOAR) Green Open Access Rules (GOAR) were issued by Ministry of Power (MoP) in June 2022. The rules were hailed by the industry stakeholders as a landmark achievement which would catalyse the commercial & industrial (C&I) open access market in India. Under the rules, the eligibility limit for availing green OA was reduced to 100 kW from 1 MW (prevalent across major states at the time), thereby increasing…

H1 2023 Recap: Solar Installations fell by 19%, wind rises by 166% From January 2023 till June 2023, about 6,794 MW solar capacity and 1,878 MW wind capacity was added in India. Solar capacity addition is about 19% lower compared to the same period in the previous year. However, within the same period, wind sector has shown remarkable improvement with around 166% higher installations. In terms of cumulative installations till June 2023, according to the Ministry of New and Renewable…

4.45 GW utility scale RE tenders allotted in first two weeks of FY2024 First two weeks of April 2023 have seen a flurry of activity in utility scale RE market, with around 4.45 GW of tenders being allotted. The tenders allotted during these two weeks include three vanilla solar tenders, one wind solar hybrid (with energy storage) and one (Round-the-clock) RTC tender. Around half of these allotments (49.4%) is for non-vanilla RE tenders, including Wind Solar Hybrid (with energy storage)…

India added 12.8 GW solar capacity in FY2023 In Financial Year 2023 (FY) i.e., from April 2022 till March 2023, approximately 12,784 MW solar capacity and 2,276 MW of wind capacity was added in India. Solar installations decreased by 8% while wind installations increased significantly by 105% as compared to FY2022. In terms of cumulative installations, according to the data released by Ministry of New and Renewable Energy (MNRE) till March 2023, India’s RE installation capacity reached 125.2 GW. Solar…