O2 Power, Continuum and CleanMax: Top Open Access Developers in 2023

The top five open access developers accounted for almost 36% of the market share

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O2 Power, Continuum Green Energy, CleanMax Enviro Energy, Fourth Partner Energy, and AmpIn Energy Transition were the top solar open access developers in the calendar year (CY) 2023, according to Mercom’s India Solar Market Leaderboard 2024.

Open access solar installations in the calendar year (CY) 2023 totaled 3.2 GW, up 5.7% from 3 GW installed in CY 2022, according to Mercom India’s Q4 & Annual 2023 India Solar Open Access Report. Cumulative solar installations in the open access market reached 12.2 GW as of December 2023.

O2 Power led the top open access developers list, accounting for 11% of the yearly capacity additions. Continuum Green Energy and CleanMax Enviro Energy ranked second and third, accounting for 7% and 6% of the annual installations. Fourth Partner Energy and AmpIn Energy Transition rounded off the top five, contributing 6% each to capacity additions.

The top five open access project developers accounted for almost 36% of the market share.

Leading Open Access Solar Developers in India 2023

In 2023, O2 Power commissioned a 240 MW co-located wind-solar hybrid energy project in Karnataka. During the year, the company announced agreements with healthcare, data center, and shipping companies to supply solar power via open access.

Continuum Green Energy commissioned a 102.4 MW solar capacity of a 272.4 MW group captive wind-solar project in Tirunelveli, Tamil Nadu.

CleanMax Enviro Energy commissioned 200 MW solar capacity as a part of a 400 MW wind-solar hybrid project in Babra, Gujarat. The project is spread across 800 acres of land.

In 2023, India installed around 7.5 GW of large-scale solar projects, with open access installations accounting for 42.7% of the total.

Mercom’s India Solar Market Leaderboard report covers market share and ranking across India’s solar supply chain and provides the most accurate and comprehensive coverage of India’s solar industry leaders. For a detailed report, click here.

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