SlideShare a Scribd company logo
www.mecintelligence.com
Commercial and industrial market to
remain an attractive niche for investors
Corporate procurement of Renewables has a long ramp-up potential in India owing to the high
demand for captive power use and favorable economic and environmental profile. Indian
commercial and industrial (C&I) establishments consume almost 50% of the country’s power
generation. Out of which, nearly 40% is coming from the captive use of power plants. Within the
captive power plants, renewables account for only 9% of the total installed base.
The C&I (Commercial and Industrial) setup of RE plants in India initiated rather strongly during 2005-
2012 when states provided tax benefits to corporates for the installation of wind turbines. This lasted
until the technology got stable and started to find aggressive deployment in PPA based schemes and
utility-scale projects. The market for wind C&I PPA is expected to be 0.3 to 0.5 GW per year over the
next three years.
The corporate PPA market got its real headwind – with the decline in prices of solar technology since
2015. This was also followed by the introduction of incentive policy, targets for net metering and
open access during FY 15-FY 17. The market for solar C&I PPA increased 5X from 0.4 GW of annual
installations to 2 GW in FY 18 and FY 19. This was driven by the easing of restrictions in one state
after another on open access and after the introduction of net metering. During this time, as many
as 100+ companies started to compete in the market doing everything from EPC to the development
of PPA, to selling power to an end customer. This was also the time during which first investments
started to come in the market and the firms raised capital from Private Equity firms and Oil majors.
The installation rush seen during this period caught the regulators and licensed distribution
companies by surprise. The regulators then moved in to remove the waive-offs to protect the
business of DISCOMS and introduced charges on the evacuation of power which limited the amount
of power that could be evacuated.
Going forward, even after the removal of waive-offs and adjustive for earning decline due to COVID,
a robust volume of 1.5 GW is expected to be installed during the FY 21 to FY 23 as compared to the
installation of 2 GW in FY 20. This is still a fraction of the overall annual 12 GW volume of DG sets
sold in 2019. This volume is only going to increase as the costs of solar decline further and become
competitive to purchasing power from DISCOM even after incorporating maximum charges that the
DISCOM can apply for evacuating it. This is expected to happen during the next 2 years.
In parallel, the large renewable energy firms are also getting very strong and competing on their
ability to raise finance which allows them to offer PPA to customers. Nearly, 10 firms in the market
have raised finance to offer PPA and are spearheading the transition of the market from CAPEX and
EPC to OPEX and PPA. The more financing they can raise, the higher are the amounts of PPA that can
be signed which lower the cost of renewable PPA and provides them a higher volume and longer
contracts. Hence, large players will continue to remain busy and grow while the market concentrates
leading to robust PPA prices.
www.mecintelligence.com
About MEC Intelligence
MEC Intelligence is a market advisory and consulting firm with vast experience in the wind energy
sector. In power sector services, we have worked with leading utilities, energy retailers, industrial
companies, turbine OEMs and private equity firms on projects like strategy support, opportunity
scanning in regional markets and business model assessment. MEC Intelligence has conducted an
analysis of ~15 countries on nearly 10 attributes to determine the renewables’ impact on the power
mix.
To know more, please visit www.mecintelligence.com
For more information/ feedback:
Write to us at info@mecintelligence.com or contact us at +91-124-480-2700
www.mecintelligence.com
INDIA
510, Suncity Business Tower
Sector 54, Golf Course road
Gurgaon, Haryana
DENMARK
Nordre Fasanvej 113, 2
2000 Frederiksberg
Copenhagen, Denmark
www.mecintelligence.com
DENMARK
Nordre Fasanvej 113, 2
2000 Frederiksberg
Copenhagen, Denmark
T: +45-3543-3277
INDIA
510, Suncity Business Tower
Sector 54, Golf Course road
Gurgaon, Haryana
T: +91-124-480-2700

More Related Content

Recently uploaded

在线办理(lboro毕业证书)拉夫堡大学毕业证学历证书一模一样
在线办理(lboro毕业证书)拉夫堡大学毕业证学历证书一模一样在线办理(lboro毕业证书)拉夫堡大学毕业证学历证书一模一样
在线办理(lboro毕业证书)拉夫堡大学毕业证学历证书一模一样
pjq9n1lk
 
BASIC CONCEPT OF ENVIRONMENT AND DIFFERENT CONSTITUTENET OF ENVIRONMENT
BASIC CONCEPT OF ENVIRONMENT AND DIFFERENT CONSTITUTENET OF ENVIRONMENTBASIC CONCEPT OF ENVIRONMENT AND DIFFERENT CONSTITUTENET OF ENVIRONMENT
BASIC CONCEPT OF ENVIRONMENT AND DIFFERENT CONSTITUTENET OF ENVIRONMENT
AmitKumar619042
 
原版制作(Manitoba毕业证书)曼尼托巴大学毕业证学位证一模一样
原版制作(Manitoba毕业证书)曼尼托巴大学毕业证学位证一模一样原版制作(Manitoba毕业证书)曼尼托巴大学毕业证学位证一模一样
原版制作(Manitoba毕业证书)曼尼托巴大学毕业证学位证一模一样
mvrpcz6
 
Kinetic studies on malachite green dye adsorption from aqueous solutions by A...
Kinetic studies on malachite green dye adsorption from aqueous solutions by A...Kinetic studies on malachite green dye adsorption from aqueous solutions by A...
Kinetic studies on malachite green dye adsorption from aqueous solutions by A...
Open Access Research Paper
 
Environment Conservation Rules 2023 (ECR)-2023.pptx
Environment Conservation Rules 2023 (ECR)-2023.pptxEnvironment Conservation Rules 2023 (ECR)-2023.pptx
Environment Conservation Rules 2023 (ECR)-2023.pptx
neilsencassidy
 
快速办理(Calabria毕业证书)卡拉布里亚大学毕业证在读证明一模一样
快速办理(Calabria毕业证书)卡拉布里亚大学毕业证在读证明一模一样快速办理(Calabria毕业证书)卡拉布里亚大学毕业证在读证明一模一样
快速办理(Calabria毕业证书)卡拉布里亚大学毕业证在读证明一模一样
astuz
 
Optimizing Post Remediation Groundwater Performance with Enhanced Microbiolog...
Optimizing Post Remediation Groundwater Performance with Enhanced Microbiolog...Optimizing Post Remediation Groundwater Performance with Enhanced Microbiolog...
Optimizing Post Remediation Groundwater Performance with Enhanced Microbiolog...
Joshua Orris
 
Improving the viability of probiotics by encapsulation methods for developmen...
Improving the viability of probiotics by encapsulation methods for developmen...Improving the viability of probiotics by encapsulation methods for developmen...
Improving the viability of probiotics by encapsulation methods for developmen...
Open Access Research Paper
 
Wildlife-AnIntroduction.pdf so that you know more about our environment
Wildlife-AnIntroduction.pdf so that you know more about our environmentWildlife-AnIntroduction.pdf so that you know more about our environment
Wildlife-AnIntroduction.pdf so that you know more about our environment
amishajha2407
 
Biomimicry in agriculture: Nature-Inspired Solutions for a Greener Future
Biomimicry in agriculture: Nature-Inspired Solutions for a Greener FutureBiomimicry in agriculture: Nature-Inspired Solutions for a Greener Future
Biomimicry in agriculture: Nature-Inspired Solutions for a Greener Future
Dr. P.B.Dharmasena
 
Evolving Lifecycles with High Resolution Site Characterization (HRSC) and 3-D...
Evolving Lifecycles with High Resolution Site Characterization (HRSC) and 3-D...Evolving Lifecycles with High Resolution Site Characterization (HRSC) and 3-D...
Evolving Lifecycles with High Resolution Site Characterization (HRSC) and 3-D...
Joshua Orris
 
RoHS stands for Restriction of Hazardous Substances, which is also known as t...
RoHS stands for Restriction of Hazardous Substances, which is also known as t...RoHS stands for Restriction of Hazardous Substances, which is also known as t...
RoHS stands for Restriction of Hazardous Substances, which is also known as t...
vijaykumar292010
 
原版制作(Newcastle毕业证书)纽卡斯尔大学毕业证在读证明一模一样
原版制作(Newcastle毕业证书)纽卡斯尔大学毕业证在读证明一模一样原版制作(Newcastle毕业证书)纽卡斯尔大学毕业证在读证明一模一样
原版制作(Newcastle毕业证书)纽卡斯尔大学毕业证在读证明一模一样
p2npnqp
 
world-environment-day-2024-240601103559-14f4c0b4.pptx
world-environment-day-2024-240601103559-14f4c0b4.pptxworld-environment-day-2024-240601103559-14f4c0b4.pptx
world-environment-day-2024-240601103559-14f4c0b4.pptx
mfasna35
 
Lessons from operationalizing integrated landscape approaches
Lessons from operationalizing integrated landscape approachesLessons from operationalizing integrated landscape approaches
Lessons from operationalizing integrated landscape approaches
CIFOR-ICRAF
 
PACKAGING OF FROZEN FOODS ( food technology)
PACKAGING OF FROZEN FOODS  ( food technology)PACKAGING OF FROZEN FOODS  ( food technology)
PACKAGING OF FROZEN FOODS ( food technology)
Addu25809
 

Recently uploaded (16)

在线办理(lboro毕业证书)拉夫堡大学毕业证学历证书一模一样
在线办理(lboro毕业证书)拉夫堡大学毕业证学历证书一模一样在线办理(lboro毕业证书)拉夫堡大学毕业证学历证书一模一样
在线办理(lboro毕业证书)拉夫堡大学毕业证学历证书一模一样
 
BASIC CONCEPT OF ENVIRONMENT AND DIFFERENT CONSTITUTENET OF ENVIRONMENT
BASIC CONCEPT OF ENVIRONMENT AND DIFFERENT CONSTITUTENET OF ENVIRONMENTBASIC CONCEPT OF ENVIRONMENT AND DIFFERENT CONSTITUTENET OF ENVIRONMENT
BASIC CONCEPT OF ENVIRONMENT AND DIFFERENT CONSTITUTENET OF ENVIRONMENT
 
原版制作(Manitoba毕业证书)曼尼托巴大学毕业证学位证一模一样
原版制作(Manitoba毕业证书)曼尼托巴大学毕业证学位证一模一样原版制作(Manitoba毕业证书)曼尼托巴大学毕业证学位证一模一样
原版制作(Manitoba毕业证书)曼尼托巴大学毕业证学位证一模一样
 
Kinetic studies on malachite green dye adsorption from aqueous solutions by A...
Kinetic studies on malachite green dye adsorption from aqueous solutions by A...Kinetic studies on malachite green dye adsorption from aqueous solutions by A...
Kinetic studies on malachite green dye adsorption from aqueous solutions by A...
 
Environment Conservation Rules 2023 (ECR)-2023.pptx
Environment Conservation Rules 2023 (ECR)-2023.pptxEnvironment Conservation Rules 2023 (ECR)-2023.pptx
Environment Conservation Rules 2023 (ECR)-2023.pptx
 
快速办理(Calabria毕业证书)卡拉布里亚大学毕业证在读证明一模一样
快速办理(Calabria毕业证书)卡拉布里亚大学毕业证在读证明一模一样快速办理(Calabria毕业证书)卡拉布里亚大学毕业证在读证明一模一样
快速办理(Calabria毕业证书)卡拉布里亚大学毕业证在读证明一模一样
 
Optimizing Post Remediation Groundwater Performance with Enhanced Microbiolog...
Optimizing Post Remediation Groundwater Performance with Enhanced Microbiolog...Optimizing Post Remediation Groundwater Performance with Enhanced Microbiolog...
Optimizing Post Remediation Groundwater Performance with Enhanced Microbiolog...
 
Improving the viability of probiotics by encapsulation methods for developmen...
Improving the viability of probiotics by encapsulation methods for developmen...Improving the viability of probiotics by encapsulation methods for developmen...
Improving the viability of probiotics by encapsulation methods for developmen...
 
Wildlife-AnIntroduction.pdf so that you know more about our environment
Wildlife-AnIntroduction.pdf so that you know more about our environmentWildlife-AnIntroduction.pdf so that you know more about our environment
Wildlife-AnIntroduction.pdf so that you know more about our environment
 
Biomimicry in agriculture: Nature-Inspired Solutions for a Greener Future
Biomimicry in agriculture: Nature-Inspired Solutions for a Greener FutureBiomimicry in agriculture: Nature-Inspired Solutions for a Greener Future
Biomimicry in agriculture: Nature-Inspired Solutions for a Greener Future
 
Evolving Lifecycles with High Resolution Site Characterization (HRSC) and 3-D...
Evolving Lifecycles with High Resolution Site Characterization (HRSC) and 3-D...Evolving Lifecycles with High Resolution Site Characterization (HRSC) and 3-D...
Evolving Lifecycles with High Resolution Site Characterization (HRSC) and 3-D...
 
RoHS stands for Restriction of Hazardous Substances, which is also known as t...
RoHS stands for Restriction of Hazardous Substances, which is also known as t...RoHS stands for Restriction of Hazardous Substances, which is also known as t...
RoHS stands for Restriction of Hazardous Substances, which is also known as t...
 
原版制作(Newcastle毕业证书)纽卡斯尔大学毕业证在读证明一模一样
原版制作(Newcastle毕业证书)纽卡斯尔大学毕业证在读证明一模一样原版制作(Newcastle毕业证书)纽卡斯尔大学毕业证在读证明一模一样
原版制作(Newcastle毕业证书)纽卡斯尔大学毕业证在读证明一模一样
 
world-environment-day-2024-240601103559-14f4c0b4.pptx
world-environment-day-2024-240601103559-14f4c0b4.pptxworld-environment-day-2024-240601103559-14f4c0b4.pptx
world-environment-day-2024-240601103559-14f4c0b4.pptx
 
Lessons from operationalizing integrated landscape approaches
Lessons from operationalizing integrated landscape approachesLessons from operationalizing integrated landscape approaches
Lessons from operationalizing integrated landscape approaches
 
PACKAGING OF FROZEN FOODS ( food technology)
PACKAGING OF FROZEN FOODS  ( food technology)PACKAGING OF FROZEN FOODS  ( food technology)
PACKAGING OF FROZEN FOODS ( food technology)
 

Featured

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
Marius Sescu
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
Expeed Software
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
Pixeldarts
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
ThinkNow
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
marketingartwork
 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
Skeleton Technologies
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
Neil Kimberley
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
contently
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
Kurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
SpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Lily Ray
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
Rajiv Jayarajah, MAppComm, ACC
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
Christy Abraham Joy
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
Vit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
MindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
RachelPearson36
 

Featured (20)

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 

Commercial and industrial market to remain attractive niche for investors

  • 1. www.mecintelligence.com Commercial and industrial market to remain an attractive niche for investors Corporate procurement of Renewables has a long ramp-up potential in India owing to the high demand for captive power use and favorable economic and environmental profile. Indian commercial and industrial (C&I) establishments consume almost 50% of the country’s power generation. Out of which, nearly 40% is coming from the captive use of power plants. Within the captive power plants, renewables account for only 9% of the total installed base. The C&I (Commercial and Industrial) setup of RE plants in India initiated rather strongly during 2005- 2012 when states provided tax benefits to corporates for the installation of wind turbines. This lasted until the technology got stable and started to find aggressive deployment in PPA based schemes and utility-scale projects. The market for wind C&I PPA is expected to be 0.3 to 0.5 GW per year over the next three years. The corporate PPA market got its real headwind – with the decline in prices of solar technology since 2015. This was also followed by the introduction of incentive policy, targets for net metering and open access during FY 15-FY 17. The market for solar C&I PPA increased 5X from 0.4 GW of annual installations to 2 GW in FY 18 and FY 19. This was driven by the easing of restrictions in one state after another on open access and after the introduction of net metering. During this time, as many as 100+ companies started to compete in the market doing everything from EPC to the development of PPA, to selling power to an end customer. This was also the time during which first investments started to come in the market and the firms raised capital from Private Equity firms and Oil majors. The installation rush seen during this period caught the regulators and licensed distribution companies by surprise. The regulators then moved in to remove the waive-offs to protect the business of DISCOMS and introduced charges on the evacuation of power which limited the amount of power that could be evacuated. Going forward, even after the removal of waive-offs and adjustive for earning decline due to COVID, a robust volume of 1.5 GW is expected to be installed during the FY 21 to FY 23 as compared to the installation of 2 GW in FY 20. This is still a fraction of the overall annual 12 GW volume of DG sets sold in 2019. This volume is only going to increase as the costs of solar decline further and become competitive to purchasing power from DISCOM even after incorporating maximum charges that the DISCOM can apply for evacuating it. This is expected to happen during the next 2 years. In parallel, the large renewable energy firms are also getting very strong and competing on their ability to raise finance which allows them to offer PPA to customers. Nearly, 10 firms in the market have raised finance to offer PPA and are spearheading the transition of the market from CAPEX and EPC to OPEX and PPA. The more financing they can raise, the higher are the amounts of PPA that can be signed which lower the cost of renewable PPA and provides them a higher volume and longer contracts. Hence, large players will continue to remain busy and grow while the market concentrates leading to robust PPA prices.
  • 2. www.mecintelligence.com About MEC Intelligence MEC Intelligence is a market advisory and consulting firm with vast experience in the wind energy sector. In power sector services, we have worked with leading utilities, energy retailers, industrial companies, turbine OEMs and private equity firms on projects like strategy support, opportunity scanning in regional markets and business model assessment. MEC Intelligence has conducted an analysis of ~15 countries on nearly 10 attributes to determine the renewables’ impact on the power mix. To know more, please visit www.mecintelligence.com For more information/ feedback: Write to us at info@mecintelligence.com or contact us at +91-124-480-2700 www.mecintelligence.com INDIA 510, Suncity Business Tower Sector 54, Golf Course road Gurgaon, Haryana DENMARK Nordre Fasanvej 113, 2 2000 Frederiksberg Copenhagen, Denmark www.mecintelligence.com DENMARK Nordre Fasanvej 113, 2 2000 Frederiksberg Copenhagen, Denmark T: +45-3543-3277 INDIA 510, Suncity Business Tower Sector 54, Golf Course road Gurgaon, Haryana T: +91-124-480-2700