RENEWABLE ENERGY

Sharp rebound expected in green capacity addition

India is expected to see a sharp rebound in capacity addition this year, said industry experts, after adding only 4.9 gigawatts (GW) of renewable energy capacity in 2020 due to disruptions caused by covid-19.

India will add a record about 16 gigawatts (GW) of renewable energy capacity in 2021, showed estimates by energy consultancy firm Bridge To India. In December, the country’s total renewable energy capacity crossed the 94GW mark.

Following the covid-19 outbreak, 2020 reported the lowest capacity additions in the last five years. Persistent delays in land acquisition and transmission connectivity, rise in module prices and delayed shipments from China (over 80% solar modules used in India are sourced) contributed to the slowdown last year, the report said.

However, despite easing of covid-led challenges concerns remain, and could impede capacity addition this year. “There are problems with cancelled tenders and persistent connectivity issues. We have a total solar pipeline of 50GW right now.

But of this, for about 18GW, the power purchase agreements haven’t been signed yet and there are other auctions which have been cancelled by state governments,” said Vinay Rustagi, managing director, Bridge to India.

Source
Livemint
Show More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
Close
Close