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					</table>Madhya Pradesh’s solar open access market recorded a sharp decline in installations in the second quarter (Q2) of 2026, as quarterly additions remained highly dependent on the commissioning of a few large projects.
The state added 44 MW of solar open access capacity in Q2 2026, down 84% quarter-over-quarter (QoQ) from 268 MW and 75% year-over-year (YoY) from 177 MW in Q2 2025, according to Mercom’s <a href="https://www.mercomindia.com/product/q2-2026-mercom-india-solar-open-access-market-report" target="_blank" rel="noopener">Q2 and 1H 2026 India Solar Open Access Market Report</a>.
Madhya Pradesh ranked eighth in quarterly additions and accounted for about 2% of India’s solar open access installations.
The steep sequential decline followed an unusually strong first quarter in which a small number of large projects accounted for almost all the capacity commissioned.
<a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/09/Madhya-Pradesh-Solar-Open-Access-Market-MW.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-104474 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/09/Madhya-Pradesh-Solar-Open-Access-Market-MW.png" alt="Madhya Pradesh’s Open Access Additions Dip Sharply in Q2 2026" width="1018" height="323" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/09/Madhya-Pradesh-Solar-Open-Access-Market-MW.png 1018w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/09/Madhya-Pradesh-Solar-Open-Access-Market-MW-300x95.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/09/Madhya-Pradesh-Solar-Open-Access-Market-MW-768x244.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/09/Madhya-Pradesh-Solar-Open-Access-Market-MW-650x206.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/09/Madhya-Pradesh-Solar-Open-Access-Market-MW-624x198.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/09/Madhya-Pradesh-Solar-Open-Access-Market-MW-600x190.png 600w" sizes="auto, (max-width: 1018px) 100vw, 1018px" /></a>
Of the 268 MW installed in Q1 2026, <a href="https://www.oysterrenewable.com/" target="_blank" rel="noopener">Oyster Renewable Energy</a> <a href="https://www.mercomindia.com/oyster-secures-%E2%82%B918-billion-loan-for-342-mw-hybrid-project" target="_blank" rel="noopener">accounted</a> for about 81% of the quarter’s additions. <a href="https://www.avaada.com/" target="_blank" rel="noopener">Avaada Energy</a> added another 50 MW, while EDMC Solar commissioned 2 MW.
A similar concentration was visible in Q2 2026, although the projects commissioned were considerably smaller. <a href="https://www.adityabirlarenewables.com/" target="_blank" rel="noopener">Aditya Birla Renewables’</a>(ABRen) solar-wind hybrid project contributed 33 MW of solar capacity, accounting for nearly 75% of Q2 solar open access additions. GAIL India <a href="https://www.mercomindia.com/gail-invites-bids-solar-project-in-madhya-pradesh" target="_blank" rel="noopener">commissioned</a> about 8 MW of floating solar capacity at Vijaypur, while <a href="https://orianapower.com/" target="_blank" rel="noopener">Oriana Power</a> added a captive solar project of over 3 MW in Gwalior.
Madhya Pradesh commissioned 313 MW in 1H 2026, with Q1 accounting for nearly 86% of the six-month total. The 216 MW Oyster Renewable Energy project alone represented about 69% of the state’s 1H additions.
Madhya Pradesh added 162 MW in Q4, then increased to 268 MW in Q1 2026 before falling to 44 MW in Q2. At the same time, Madhya Pradesh continues to attract interest from large renewable energy developers, with industry participants describing the state as an increasingly attractive market for utility-scale solar.
Despite the quarterly fluctuations, Madhya Pradesh’s cumulative solar open access market has continued to expand. As of June 2026, the state had around 2 GW of cumulative solar open access capacity, accounting for about 5% of India’s total.
Open access projects represented nearly 30% of Madhya Pradesh’s cumulative large-scale solar capacity. Standalone solar accounted for nearly 59% of the portfolio, followed by solar-wind hybrid projects at 40%.
Large Projects in Pipeline
Madhya Pradesh’s pipeline comprises projects totaling approximately 512 MW under development at the end of Q2 2026. Standalone solar accounted for 87%, while solar-wind hybrid projects represented the remaining 13%.
The pipeline is more diversified than recent quarterly installations in terms of the number of projects, but capacity remains weighted toward relatively large developments. As these projects progress toward commissioning, they could support higher additions in the coming quarters, although the concentration of capacity among larger projects may continue to influence quarterly performance.
Of the total pipeline, <a href="https://www.mercomindia.com/research/mercom-view" target="_blank" rel="noopener">Mercom&#8217;s Project Tracker</a> currently identifies signed or known offtakers for about 32% of the capacity.
Madhya Pradesh’s open access market <a href="https://www.mercomindia.com/madhya-pradesh-offers-diverse-solar-solutions-for-ci-consumers" target="_blank" rel="noopener">suits</a> high-consumption industrial consumers. Standalone solar is ideal for consumers using at least 500,000+ units monthly. Contract-demand limits may restrict standalone solar, prompting larger consumers to consider hybrid or storage-backed arrangements.
The state’s open access market is increasingly attracting larger renewable energy developers and industrial consumers. The preference for larger, individually structured projects means capacity additions can occur in batches depending on project commissioning timelines rather than through a steady flow of smaller projects.
Regulatory Changes Could Shape Future Projects
The state has also been refining its open access framework. In February 2026, the Madhya Pradesh Electricity Regulatory Commission <a href="https://www.mercomindia.com/madhya-pradesh-amends-open-access-rules-clarifies-billing-mechanism" target="_blank" rel="noopener">amended</a> its intrastate open access regulations to clarify billing, energy adjustment, demand treatment, metering, and surcharge applicability. The amendment provided separate treatment for open access within contract demand, above contract demand, and combinations of the two, while retaining the additional surcharge exemption for captive consumption.
MPERC has also introduced changes that could influence future project structuring. Its banking SOP caps monthly banking at 30% of DISCOM consumption, <a href="https://www.mercomindia.com/madhya-pradesh-lays-out-banking-sop-for-green-energy-open-access-consumers" target="_blank" rel="noopener">applies</a> an 8% in-kind charge, and introduces time-of-day restrictions, increasing the focus on project sizing and energy management.
With standalone solar accounting for 87% of the pipeline, the new banking framework could make project sizing and consumer load matching more important as developers convert projects into commissioned capacity.
Madhya Pradesh’s recent performance reflects an open access market that is expanding over the longer term but continues to show significant quarterly fluctuations. A broader base of projects and C&amp;I offtakers, along with steady conversion of the existing development pipeline, could make future installations more evenly distributed.
Mercom’s <a href="https://www.mercomindia.com/product/india-solar-project-tracker" target="_blank" rel="noopener">solar open access tracker</a> provides key details of installed and pipeline projects, including captive, group captive, third-party sale, and solar park projects across India.
The <a href="https://www.mercomindia.com/product/q2-2026-mercom-india-solar-open-access-market-report" target="_blank" rel="noopener">Q2 and 1H 2026 India Solar Open Access Market Report</a> covers state-wise open access charges, electricity tariffs, power purchase agreement tariffs, installed and pipeline project capacities, policy updates, and other critical market data.

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