This report provides an update on key trends and developments in the corporate renewable market including capacity addition, key players, policy & regulatory issuance, financing, PPA tariffs and other market trends.
Figure: Total corporate renewable capacity by March 2024, MW
Source: CRISIL-BRIDGE TO INDIA research
India added 3,069 MW corporate renewable capacity in Q1 2024, up 155% QOQ, accounting for 36% of total renewable capacity addition in the quarter. Total corporate renewable capacity is estimated to have reached 37,798 MW. The jump in capacity addition was mainly due to rush to complete projects before expiry of ALMM waiver.
