India becomes 2nd largest market on corporate renewable power

With Indian corporates increasingly adopting renewable power to run their offices and plants, the country has become the second largest growth market for corporate renewable power purchase agreements (PPAs) after the US. For the first half of 2019, India had a global share of 7.4 per cent with 440 megawatt (MW) installed, said a study named ‘PPAs in India: Market & Policy Update’ by the India Corporate Renewable PPA Forum.

Although India became the second largest growth market in 2018, with an addition of 1.6 gigawatt (GW) of capacity, the annual corporate PPA renewable addition in India in 2019 will be about 30-35 per cent lower than the installations in 2018 Read More

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