Source: The Hindu Business Line, Oct 17, 2018
Mumbai: The country’s renewable sector has so far seen a robust bidding activity providing a reasonably healthy visibility for solar and wind capacity addition in the next two fiscals, ICRA experts said. They expect capacity addition of about 8-8.5 GW in FY19.
The share of renewable energy in overall installed power generation capacity has increased from 9 per cent in March 2009 to around 20 per cent (which translates to capacity of around 71 GW) as on June 2018, rating agency ICRA said in a report.
ICRA expects the share of renewables in the total generation mix to increase by 5 per cent in next four years – from 7.7 per cent in FY18 to 12-13 per cent by FY22.
The bidding activity in the renewable energy sector has remained sizeable with central nodal agencies like the Solar Energy Corporation of India (SECI) and NTPC Ltd (NTPC) as well as state distribution utilities issuing bids for wind and solar power capacities of about 10 GW and 15 GW respectively during calendar 2017 and 2018 years. While this auger well for the sector, several key concerns remain. Read the rest of this entry »