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.
Figure: Total C&I renewable capacity, MW
Source: BRIDGE TO INDIA research
India added 1,093 MW corporate renewable capacity in Q4 2022, down 14% QOQ. Total corporate renewable capacity is estimated to have reached 25,862 MW by December 2022. Installation activity is expected to pick up significantly in Q1 2023 because of rush to complete projects before end of the financial year and 31 March deadline for Gujarat’s wind-solar hybrid incentives.