India becomes 2nd largest market on corporate renewable power
Shortpedia
Content Team
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India gains popularity as the 2nd largest market on corporate renewable power. Reports claimed that in the first half of 2019, India had a global share of 7.4% with 440 MW installed. Corporate renewable PPAs in India flourished in 2017-18 due to waivers on open access charges offered by states such as Karnataka, Andhra Pradesh and Telangana. Few cash-rich companies, such as ITC, PepsiCo etc are building these assets on the capex model.
