The potential of corporate renewable electricity demand to influence India’s renewables growth

Only about 6% of total C&I demand is met from direct procurement of renewable power. Open access and rooftop solar assume a dominant share in this market but face multiple challenges. Other procurement routes including Renewable Energy Certificates (RECs), Green Tariffs (GT) and Virtual Power Purchase Agreements (VPPAs) can play a vital role in enhancing RE adoption and growth. This report examines role of corporate demand in overall RE growth and pros and cons of different procurement routes.

Figure: C&I share of total power demand and procurement mix

This report is prepared under the aegis of RE100, a global initiative by Climate Group and CDP, in partnership with BRIDGE TO INDIA. It is part of a set of three reports on Scaling up RE100 in India: The role of increasing corporate RE demand and high potential RE sourcing options.

The report emphasise role of C&I consumers in uptake of renewable power and suggest possible changes in policy framework to help companies in achieving RE100 target. RE100 brings together the world’s most influential businesses committed to 100% renewable electricity. Its purpose is to accelerate change towards zero carbon grids at scale. As of December 2021, over 75 companies (including 8 India headquartered companies) across the globe had signed up to RE100 commitment.

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