India to increase renewable capacity to 68 GW in five years
POWER & RENEWABLE ENERGY

India to increase renewable capacity to 68 GW in five years

According to a recent survey, India is expected to add 68 GW of renewable capacities in the next five years, more than the previous year's estimate of 60 GW, with 65% of solar occupying shares.

The rooftop solar capacity addition is expected to be less than 11 GW and floating solar capacity less than 5 GW for this period.

On average, 13.6 GW of capacity is expected to add each year for the next five years. As many as three states including Gujarat, Maharashtra, and Karnataka, emerged as the top three states for growth prospects of renewable power projects in the survey.

The renewable energy consultancy, Bridge to India, conducted the India Renewable Power CEO Survey 2021, in which 44 leading Indian and international companies participated.

The grid-scale storage and module manufacturing were considered lukewarm, and the expected capacity addition is just 10 GW and 7 GW, respectively, in five years, it said.

It said that the survey is highly optimistic in the industry's prospects but the crippling financial health of the discoms, offtake risks, and policy changes have been a concern. It feels that the project auctions were unreasonably aggressive.

As per the demand, all demand and supply factors such as transmission, infrastructure, import duties, and debt financing are challenging.

Image Source


Also read: India to play a leadership role in RE sector in the future: Piyush Goyal

According to a recent survey, India is expected to add 68 GW of renewable capacities in the next five years, more than the previous year's estimate of 60 GW, with 65% of solar occupying shares. The rooftop solar capacity addition is expected to be less than 11 GW and floating solar capacity less than 5 GW for this period. On average, 13.6 GW of capacity is expected to add each year for the next five years. As many as three states including Gujarat, Maharashtra, and Karnataka, emerged as the top three states for growth prospects of renewable power projects in the survey. The renewable energy consultancy, Bridge to India, conducted the India Renewable Power CEO Survey 2021, in which 44 leading Indian and international companies participated. The grid-scale storage and module manufacturing were considered lukewarm, and the expected capacity addition is just 10 GW and 7 GW, respectively, in five years, it said. It said that the survey is highly optimistic in the industry's prospects but the crippling financial health of the discoms, offtake risks, and policy changes have been a concern. It feels that the project auctions were unreasonably aggressive. As per the demand, all demand and supply factors such as transmission, infrastructure, import duties, and debt financing are challenging. Image Source Also read: India to play a leadership role in RE sector in the future: Piyush Goyal

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?