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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code