Open access solar capacity of MSMEs remains unutilized: Report
Updated: Dec 02, 2022 07:45:28am
Open access solar capacity of MSMEs remains unutilized: Report
New Delhi, Dec 2 (KNN) During the July-September period, installation of open access solar capacity in India increased by 91 per cent to 596 megawatt (MW), however there is a huge untapped market of MSMEs and due to lack of awareness, said a report by Mercom Research India.
India added 312 MW of solar open access capacity in the same period a year ago, the research firm said in a report on Thursday.
Solar power through open access is an arrangement where a power producer establishes a solar power plant to supply green energy to consumers.
As compared to January-September of 2021, India added about 1.9 gigawatts (GW) of open access solar in first nine months of 2022, an increase of 96 per cent from the 956 megawatts (MW).
According to the report, as of September 2022, the total installed solar capacity in the open access segment was over 7 GW, and the pipeline of projects under development and pre-construction phase is over 5 GW.
"The pipeline of projects to be commissioned is impressive and bigger than ever. While the demand has mostly been from large corporates," said Priya Sanjay, Managing Director at Mercom India.
With a total solar open access capacity of approximately 2.7 GW, Karnataka remained the top state, followed by Maharashtra (801 MW).
Mercom Research India is organising an industry meet for commercial and industrial consumers on December 9, 2022, in Noida, Uttar Pradesh to create awareness about solar energy adoption. (KNN Bureau)