Loading...

Facilitating Growth of Corporate Renewable Market

Facilitating Growth of Corporate Renewable Market


18 May 2023 | BRIDGE TO INDIA

Facilitating Growth of Corporate Renewable Market

India’s corporate renewable market is benefitting from strong growth drivers in the form of rising RPO target, ambitious decarbonisation agenda and attractive cost saving potential. But while corporates account for 50% of total power consumption in the country, their direct procurement accounts for only 27% share of renewable power capacity.

Figure: Total renewable power capacity split by consumer category, December 2022

Source: BRIDGE TO INDIA research

While open access and rooftop solar are the two dominant procurement routes for corporate consumers, other routes like VPPAs, green exchange, renewable energy certificates (RECs) and green tariffs are also gaining more popularity. However, all these routes face several policy and economic challenges – denial of project approvals, high cost, lack of banking facility, uncertainty in grid charge structure, recurring policy changes, regulatory disputes and limited market liquidity. This report examines each procurement route, growth opportunity and challenges faced by consumers. It also includes policy recommendations at central government level and state level for Karnataka, Tamil Nadu, Telangana, Andhra Pradesh and Uttar Pradesh to enable faster growth of the corporate renewable market.

Table: Summary of policy recommendations


Recent reports

India Solar Map | December 2024

India Solar Map | December 2024

India Solar Map 2024 is an info-graphic report covering growth of ground-mounted solar sector – national and state wise solar installation growth, ground-mounted solar EPC cost, player wise breakup of ALMM capacity, portfolio details of top 10 developers and trend of solar allocations. As of December, total ground-mounted solar installations reached 80,879 MW, reflecting a 20% CAGR since...

India PV Module Intelligence Brief | Q4 2024

India PV Module Intelligence Brief | Q4 2024

This report encapsulates quarterly trends in module demand and supply, import and domestic production volumes, supplier market share, break-up by technology and rating, global market scenario, pricing across the value chain, key policy developments and market outlook.

India Corporate Renewable Brief | Q4 2024

India Corporate Renewable Brief | Q4 2024

This report provides a quarterly update on key trends and developments in the corporate renewable market including capacity addition, key players, policy issuances, financing, equipment prices and other market trends.

India Renewable Compass | Q4 2024

India Renewable Compass | Q4 2024

This report provides a detailed update of all key sector developments and trends in the quarter – capacity addition, leading players, tenders and policy announcements, equipment prices, financial deals and other market developments. It also provides market outlook for the next two quarters. 

India PV Module Intelligence Brief | Q3 2024

India PV Module Intelligence Brief | Q3 2024

This report encapsulates quarterly trends in module demand and supply, import and domestic production volumes, supplier market share, break-up by technology and rating, global market scenario, pricing across the value chain, key policy developments and market outlook.

India Corporate Renewable Brief | Q3 2024

India Corporate Renewable Brief | Q3 2024

This report provides a quarterly update on key trends and developments in the corporate renewable market including capacity addition, key players, policy issuances, financing, equipment prices and other market trends.

To top