This report provides an 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.
Figure: Total corporate renewable capacity by June 2023, MW
Source: BRIDGE TO INDIA research
India added a record 2,205 MW corporate renewable capacity in Q2 2023, up 35% QOQ. Total corporate renewable capacity is estimated to have reached 32,303 MW. The rise in capacity addition was mainly a result of rush to complete projects before expiry of Gujarat’s wind-solar hybrid (WSH) policy incentives and falling solar equipment prices.