India adds 1.1 GW solar open access capacity in Q1 2025, down 48% from previous quarter
New Delhi: India added 1.1 gigawatts (GW) of solar open access capacity in the first quarter (Q1) of calendar year (CY) 2025, a decline of nearly 48 per cent from 2.1 GW recorded in the preceding quarter (Q4 2024), according to the Q1 2025 edition of Mercom India's Solar Open Access Market Report.
Year-on-year, installations were down by 47 per cent compared to over 2 GW in Q1 2024.
The report attributed the slowdown to module shortages caused by the year-end commissioning rush driven by the close of the financial year, a lack of transmission infrastructure, delays in the connectivity approval process, and uncertainty around the Inter-State Transmission System (ISTS) waiver.
"The open access solar market is beset by new challenges but the demand for clean energy has not only increased but expanded to encompass solar, wind, and energy storage. Many states are joining the green energy open access route owing to the demand their businesses operating in the state. But ISTS charges waiver would be integral to greater adoption by industries keen on wheeling power from renewable energy resource rich states," said Priya Sanjay, Managing Director at Mercom India.
Solar open access projects accounted for 19.8 per cent of the total large-scale solar installations in Q1 2025. Of the open access projects installed during the quarter, 67.4 per cent were standalone solar, 32 per cent were wind-solar hybrid projects, and 0.6 per cent were floating solar installations.
Maharashtra led in quarterly solar open access capacity additions, contributing nearly 29 per cent of the installations. The top five states accounted for over 89 per cent of total installations during the quarter.
As of March 2025, India's cumulative installed solar open access capacity stood at 21.5 GW. Karnataka remained the leading state in terms of cumulative capacity, accounting for around 24 per cent of total installations. Maharashtra and Tamil Nadu followed, contributing nearly 17 per cent and over 12 per cent respectively.
The pipeline of solar open access projects under development or in pre-construction stages was over 31 GW as of March 2025. The top five states comprised nearly 87 per cent of these pipeline projects.
In Q4 2024, Adani Green was the leading seller in the Green Day-Ahead Market (G-DAM), accounting for over 41 per cent of the electricity sold. Maharashtra was the top procurer, accounting for 17 per cent of the electricity purchased through G-DAM.
The cleared volume of Renewable Energy Certificates (RECs) traded on the Indian Energy Exchange (IEX) rose by 155 per cent quarter-over-quarter (QoQ), while trading in the Green Term Ahead Market (G-TAM) increased by around 72 per cent QoQ.
The Q1 2025 Solar Open Access report also offers detailed insights into retail electricity tariffs, power purchase agreement (PPA) prices, and open access-related charges and costs across 15 states.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
3 hours ago
- Hindustan Times
Dollar Strengthens After U.S. Strikes on Iran's Nuclear Sites
WSJ Jun 23, 2025 07:24 AM IST 0125 GMT — The dollar strengthens against most other G-10 and Asian currencies in the morning session after the U.S. strikes on Iran's nuclear sites over the weekend. 'The USD lifts because the USD is a safe haven and the U.S. is a net energy exporter,' CBA's Global Economic & Markets Research team says in a note. 'How high the USD lifts is now in the hands of political and military leaders in the U.S., Israel and Iran,' the team adds. The ICE USD Index is up 0.4% to 99.06, USD/KRW adds 0.7% to 1,383.73, and AUD/USD falls 0.4% to 0.6427, according to FactSet data. ( PREMIUM A protester with a US dollar note taped over her mouth participates in a demonstration in support of Iran and Palestinians in Gaza, and against the actions of Israel and the United States in Sydney on June 22, 2025.(AFP)
Time of India
a day ago
- Time of India
83-year-old retiree loses Rs 1.19 crore in fake IPO scam
An 83-year-old retired man from Dadar, Mumbai, has fallen prey to a sophisticated online stock investment scam, losing Rs 1.19 crore after being lured by fraudsters posing as financial advisors. The incident began on March 10, when the senior citizen clicked on a stock investment advertisement on social media. He was subsequently added to a WhatsApp group named G-5 ICICI Stock Exchange Group, which appeared to be managed by two individuals identified as Vinita Patodia and Ashwin Parekh. The group, with over 90 members, frequently posted messages boasting of high returns from stock trades. On April 2, Patodia privately messaged the victim, asking if he was interested in investing. After he agreed, she sent him a registration link. Soon after, a person named Pranay Warma contacted him and, referencing Patodia, persuaded him to invest Rs 7.5 lakh as an initial amount. Over the following weeks—between May 2 and May 23—the victim made multiple transfers to various bank accounts, believing he was investing in IPOs. The scammers sent fake documents and screenshots showing inflated virtual returns to gain his confidence. When he requested a payout, the fraudsters demanded a 10% commission on the supposed profits. His suspicion grew after his messages and calls began going unanswered. He then consulted a friend, who confirmed it was a scam. Live Events The victim filed a complaint via the National Cybercrime Reporting Portal (1930), and the case has since been transferred to the Cyber Police (Central Division). An FIR has been registered under relevant sections of the Bharatiya Nyaya Sanhita and the Information Technology Act. Investigations are ongoing. Also Read: $2.4 trillion worth of gold! India's household hoard is 6x Pakistan's economy
Economic Times
a day ago
- Economic Times
83-year-old retiree loses Rs 1.19 crore in fake IPO scam
An 83-year-old retired man from Dadar, Mumbai, has fallen prey to a sophisticated online stock investment scam, losing Rs 1.19 crore after being lured by fraudsters posing as financial advisors. ADVERTISEMENT The incident began on March 10, when the senior citizen clicked on a stock investment advertisement on social media. He was subsequently added to a WhatsApp group named G-5 ICICI Stock Exchange Group, which appeared to be managed by two individuals identified as Vinita Patodia and Ashwin Parekh. The group, with over 90 members, frequently posted messages boasting of high returns from stock trades. On April 2, Patodia privately messaged the victim, asking if he was interested in investing. After he agreed, she sent him a registration link. Soon after, a person named Pranay Warma contacted him and, referencing Patodia, persuaded him to invest Rs 7.5 lakh as an initial amount. Over the following weeks—between May 2 and May 23—the victim made multiple transfers to various bank accounts, believing he was investing in IPOs. The scammers sent fake documents and screenshots showing inflated virtual returns to gain his he requested a payout, the fraudsters demanded a 10% commission on the supposed profits. His suspicion grew after his messages and calls began going unanswered. He then consulted a friend, who confirmed it was a scam. The victim filed a complaint via the National Cybercrime Reporting Portal (1930), and the case has since been transferred to the Cyber Police (Central Division). An FIR has been registered under relevant sections of the Bharatiya Nyaya Sanhita and the Information Technology Act. Investigations are ongoing. ADVERTISEMENT Also Read: $2.4 trillion worth of gold! India's household hoard is 6x Pakistan's economy (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
