+
Non-hydro RE capacity addition grew by 61 per cent in Q1
POWER & RENEWABLE ENERGY

Non-hydro RE capacity addition grew by 61 per cent in Q1

New capacity addition of non-hydro renewable energy increased to 4.2 gigawatts (GW) during the first quarter of FY23 compared to 2.6 GW installed in the same period in FY22, according to a recent report by the CEEW Centre for Energy Finance. This was nearly a 61 per cent jump in new renewable energy (RE) capacity addition on a year-on-year basis.

“The sharp increase in capacity generation could be attributed to heightened investor interest in the sector and low base in the corresponding quarter when capacity installations took a hit due to the Covid-induced lockdowns,” the report said.

It added that overall, RE accounted for 98 per cent of the total 4.3 GW electricity generation capacity added during the quarter.

Within RE, solar energy dominated, representing 89 per cent of the total 4.2 GW of RE added. Wind energy capacity additions continued to lag at 430 MW.

In terms of capacity auctioned, a significant 48 per cent of the 3.15 GW of RE auctioned in the quarter comprised innovative procurement formats such as hybrid RE and floating solar.

“Continued low share of wind capacity addition is a matter of concern as India’s power sector transition cannot be based on solar alone,” said Gagan Sidhu, director, CEEW-CEF.

See also:
Tata Power Green commissions 225 MW hybrid power project for Mumbai
Inox Wind bags 200-MW order from NTPC subsidiary


New capacity addition of non-hydro renewable energy increased to 4.2 gigawatts (GW) during the first quarter of FY23 compared to 2.6 GW installed in the same period in FY22, according to a recent report by the CEEW Centre for Energy Finance. This was nearly a 61 per cent jump in new renewable energy (RE) capacity addition on a year-on-year basis. “The sharp increase in capacity generation could be attributed to heightened investor interest in the sector and low base in the corresponding quarter when capacity installations took a hit due to the Covid-induced lockdowns,” the report said. It added that overall, RE accounted for 98 per cent of the total 4.3 GW electricity generation capacity added during the quarter. Within RE, solar energy dominated, representing 89 per cent of the total 4.2 GW of RE added. Wind energy capacity additions continued to lag at 430 MW. In terms of capacity auctioned, a significant 48 per cent of the 3.15 GW of RE auctioned in the quarter comprised innovative procurement formats such as hybrid RE and floating solar. “Continued low share of wind capacity addition is a matter of concern as India’s power sector transition cannot be based on solar alone,” said Gagan Sidhu, director, CEEW-CEF. See also: Tata Power Green commissions 225 MW hybrid power project for MumbaiInox Wind bags 200-MW order from NTPC subsidiary

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?