According to Mercom India Research’s newly released report titled “Mercom India Solar Open Access Market Report Q4 & Annual 2021,” India has added 1.2 Giga Watts (GW) of new solar open access capacity in the calendar year (CY) 2021, marking a growth of 222% during the year.
- As of December 2021, the cumulative installed solar capacity in the open access market was over 5 GW, whereas in the year 2020, India had an installed open access solar capacity of 383 Mega Watts (MW), which shows that there is a growth in the demand for open access solar installations.
- The top 3 states in installation of open access solar capacities of the CY 2021 are Uttar Pradesh, Tamil Nadu and Maharashtra respectively.
Key Facts:
i.India added 298 MW of solar operations capacity in Q4 2021 and installations were 75% more compared to 2020.
ii.About 75% of the progress of solar open access projects in 2021 is spread across Karnataka, Haryana and Uttar Pradesh and the top 5 states contributed 80% of the total installations during the year and 90% during the quarter.
iii. Uttar Pradesh had the maximum installations with 113 MW and accounted for 38% of the total capacity additions in Q4 2021.
iv.Karnataka stood as the top state, accounting for about 38% of India’s cumulative open access solar installations.
v.Trading of Renewable Energy (RE) through the newly introduced green day-ahead market showed a 5% increase in volume.
vi.The report also had new entrants, Himachal Pradesh and Kerala, as it expanded its coverage for analysis.
Note: Open Access of Solar Power: Solar power through Open Access is an arrangement where a power producer builds a solar power plant and signs a medium/long-term power purchase agreement with a consumer.
About Mercom Communications India:
Mercom Communications India is a subsidiary of US-based Mercom Capital Group, and is a clean energy research and communications firm with expertise in CleanTech (Clean Technology) markets.
CEO – Raj Prabhu
Founded – 2009
Headquarters – Bengaluru, Karnataka
