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    India To Pass Tough Measure To Cut Electricity Debt By $75bn

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    Data Indicates New England Small-Scale Solar Shifting Needs

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

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    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

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    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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    In India, Open Access RE Capacity Surges By 1.9 GW In 2022

    In India, Open Access RE Capacity Surges By 1.9 GW In 2022

    Massachusetts Climate Law Encourages Offshore Wind Options

    Massachusetts Climate Law Encourages Offshore Wind Options

    346MW India Turbine Contract Received By Siemens Gamesa

    346MW India Turbine Contract Received By Siemens Gamesa

    Saitec begins the processing of the first offshore wind farm in the Basque Country

    Denmark Artificial Island To Optimise Offshore Wind Energy

    India To Pass Tough Measure To Cut Electricity Debt By $75bn

    India To Pass Tough Measure To Cut Electricity Debt By $75bn

    Renewable Energy Source Revolution- New Swiss Water Battery

    Renewable Energy Source Revolution- New Swiss Water Battery

    Data Indicates New England Small-Scale Solar Shifting Needs

    Data Indicates New England Small-Scale Solar Shifting Needs

    Japan Needs Alternative Energy To Avoid Shortages-Fitch

    Japan Needs Alternative Energy To Avoid Shortages-Fitch

    Increased Land Opening For Onshore Wind Turbines In Germany

    Increased Land Opening For Onshore Wind Turbines In Germany

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    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    Abengoa completes construction of three solar fields at the world’s largest concentrated solar power complex in Dubai

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In India, Open Access RE Capacity Surges By 1.9 GW In 2022

in News, Renewable Power
In India, Open Access RE Capacity Surges By 1.9 GW In 2022

According to the findings of a survey, India’s open access capacity for renewable energy increased by 1.9 gigawatts (GW) to around 10GW in 2022.

As per the Institute for Energy Economics and Financial Analysis (IEEFA), this increased from only 300 megawatts in 2009, and almost two-thirds of the entire 10GW came online in the last five years. In 2009, the total capacity was only 300 megawatts. The expansion of the open access market in India is reliant on the policies that are enacted and the environment that is regulated at both the central and state levels. Energy Economist and Lead India for the IEEFA, Vibhuti Garg, stated that while there are still some obstacles to overcome, the previous year did see some significant advances in terms of regulations.

The Green OA Policy, which was released in June 2022, has the potential to totally transform the competitive environment of the renewable energy OA sector. Garg mentioned that the IEEFA anticipates the open access marketplace will continue to grow, and it is likely that it will contribute a significant amount to India’s goal of 450GW of renewable energy by the year 2030.

Increasing awareness and demand from commercial and industrial (C&I) clients were key drivers of growth. According to Jyoti Gulia, founder and CEO of JMK Research, falling prices of clean power and the decarbonization aspirations of C&I consumers have assisted in expanding the acceptance of renewable energy as a source of OA power.

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