India’s open access solar installations in Q1 2021 at 419 MW
POWER & RENEWABLE ENERGY

India’s open access solar installations in Q1 2021 at 419 MW

India made 419 MW open access solar installations in the first quarter of 2021, while the cumulative open access solar installations reached 4.3 GW in March 2021.

The project relates to the open-access market, amendments, price trends, and emerging business models. It has expanded even to Rajasthan and Madhya Pradesh.

The project pipeline under development and in the pre-construction phase under the open access is estimated to be more than 1 GW.

The open-access market is providing an opportunity to developers and investors who do not participate in large project auctions. The developers can choose the customers to offtake the produced power and earn an attractive return on investment. For the distribution companies (DISCOMs), it works as a new avenue to bring private investment into the sector. It addresses the shortage of electricity and encourages the generation of green power.

As per the open-access reports from 2020 to 2021, installations peaked in Q1 2021, resulting in more open access projects in just one quarter as compared to the entire 2020.

On 31 March 2021, Karnataka was the largest open-access market, followed by Rajasthan, Madhya Pradesh, Andhra Pradesh, and Tamil Nadu.

Installations have slowed down in the past two years in Karnataka. The top five states are approximately 76% of the total open access solar market in India as of March 2021.

In Q1 2021, Maharashtra was the top state for developing open access solar projects, having a total of 22% installations during this quarter.

Policy consistency and visibility are the driving factors of open access solar projects. However, the reports have found that the attractive policy of the state is not necessary for growth in open access installations. As per the reports, getting approval is difficult, and the state agencies are allegedly creating trouble in open access solar project implementation.

According to the report, the average open access tariff in the mentioned states ranged from Rs 3.50 per kWh to Rs 5 per kWh with a yearly escalation of 1-2% as per the contract terms.

Image Source


Also read: GERC nods amendments sought by GUVNL for power procurement by discoms

Also read: Govt mandates registry of solar manufacturers under ALMM

India made 419 MW open access solar installations in the first quarter of 2021, while the cumulative open access solar installations reached 4.3 GW in March 2021. The project relates to the open-access market, amendments, price trends, and emerging business models. It has expanded even to Rajasthan and Madhya Pradesh. The project pipeline under development and in the pre-construction phase under the open access is estimated to be more than 1 GW. The open-access market is providing an opportunity to developers and investors who do not participate in large project auctions. The developers can choose the customers to offtake the produced power and earn an attractive return on investment. For the distribution companies (DISCOMs), it works as a new avenue to bring private investment into the sector. It addresses the shortage of electricity and encourages the generation of green power. As per the open-access reports from 2020 to 2021, installations peaked in Q1 2021, resulting in more open access projects in just one quarter as compared to the entire 2020. On 31 March 2021, Karnataka was the largest open-access market, followed by Rajasthan, Madhya Pradesh, Andhra Pradesh, and Tamil Nadu. Installations have slowed down in the past two years in Karnataka. The top five states are approximately 76% of the total open access solar market in India as of March 2021. In Q1 2021, Maharashtra was the top state for developing open access solar projects, having a total of 22% installations during this quarter. Policy consistency and visibility are the driving factors of open access solar projects. However, the reports have found that the attractive policy of the state is not necessary for growth in open access installations. As per the reports, getting approval is difficult, and the state agencies are allegedly creating trouble in open access solar project implementation. According to the report, the average open access tariff in the mentioned states ranged from Rs 3.50 per kWh to Rs 5 per kWh with a yearly escalation of 1-2% as per the contract terms. Image Source Also read: GERC nods amendments sought by GUVNL for power procurement by discoms Also read: Govt mandates registry of solar manufacturers under ALMM

Next Story
Infrastructure Transport

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Next Story
Real Estate

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..

Next Story
Infrastructure Energy

Government to Launch Coal Gasification Urea Policy

The government will unveil a coal gasification based policy for urea production within one month, aiming to promote the use of domestic coal feedstock in synthetic fertiliser manufacture. The move seeks to enhance self reliance in fertiliser supply and to provide an alternative route to natural gas based synthesis. Officials said the policy will set out technical standards, permitting norms and incentives for projects that adopt coal gasification technology. It will aim to attract investments from both public sector undertakings and private manufacturers. The scheme will address logistical and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement