India installed 2,308 megawatt (MW) of solar capacity and 817 MW wind projects in the fourth quarter (Q4) of 2019, according to a recent report by research firm JMK Research and Analytics.
It added that the quarter saw a significant increase in installed capacity across wind and solar, clocking an overall 40 per cent growth over the previous quarter.
“India commissioned 34 gigawatt (GW) of solar capacity and 38 GW of wind capacity as of 31 December 2019. The current pipeline of solar and wind projects stands at 32 GW, which is likely to be commissioned in the next two to three years,” the firm said in its renewable sector update released on Thursday.
It added that the utility-scale solar segment saw an addition of 7.5 GW and 2.7 GW in wind in 2019. According to the research firm, about 15 GW of new capacity addition is expected in 2020 including 4 GW of wind installations and 11 GW of utility-scale solar installations.
Regarding quarterly estimates, it said, “In the next two quarters — Q4 2019 and Q1 2020 — addition of about 6 GW of new solar capacity and 2 GW of new wind capacity is expected.”
In this quarter, the government issued 41 tenders with the aggregate capacity of 4.5 GW across the solar and wind sector. And in the rooftop solar segment, 23 new tenders under the capex and RESCO models were announced, the report added.
India’s renewable capacity installations reached 86 GW as of 31 December, 2019. Wind energy became the biggest contributor with 44 per cent share in the total renewable energy mix followed by solar with 39 per cent share.
About 2.4 GW of new wind capacity was added in 2019, which was a 10 per cent increase over 2018.