Corporate renewable PPAs in India: a market & policy update
India’s renewable energy development has become a symbol of the country’s capacity to rapidly adopt new technology and a focal point of India’s efforts to avoid greenhouse gas emissions while meeting its growing energy needs. Since 2016, many large commercial and industrial (C&I) customers in India have taken initial steps to procure renewable power. One option for companies to buy renewable power is to use corporate renewable Power Purchase Agreements (PPAs). A PPA is a contract between a power buyer and a power producer to purchase electricity at a pre-agreed price for a pre-agreed period of time. This report is the second market and policy update in the series. It tracks policy changes, analyzes new business models and explores future trends that are likely to define the growth of corporate renewable PPAs in India.