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India Corporate Renewable Brief | Q2 2023


18 August 2023 | BRIDGE TO INDIA

India Corporate Renewable Brief | Q2 2023

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.


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