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.
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