In 2023, India witnessed a remarkable surge in open access solar capacity, with a record-breaking addition of 3.2 gigawatts, marking a 6.66% increase from the previous year. The growth was attributed to various factors, including the reduced cost of solar modules, as revealed in a report. Open access solar entails a setup where a power producer establishes a solar power plant to deliver eco-friendly energy directly to consumers. This significant increase in capacity represents the highest ever recorded in a calendar year.
The cumulative installed solar
capacity in the open access segment reached 12.2 gigawatts by December 2023,
according to the 'Mercom India Solar Open Access Market Report.' This segment
stands out as a bright spot in India's solar market, enticing commercial
enterprises and industrial units to transition to solar and other clean energy
sources. The report emphasizes the undeniable cost savings potential for
businesses, especially with the ongoing decline in solar costs juxtaposed with
the rising retail electricity prices. The outlook for this market segment
remains highly promising, with anticipated robust growth in 2024 owing to a
robust pipeline of projects.
Karnataka maintained its
position as the leading state in cumulative installations, contributing 33.1%
to the country's overall installations, followed by Maharashtra (13.5%) and
Tamil Nadu (11.4%). As of the end of 2023, India had 13.9 gigawatts of projects
in various stages of development and the pre-construction phase, underlining
the nation's commitment to further expanding its solar energy infrastructure.
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