Indian Renewable Market Has Taken a Turn For The Worst

As per a government minister, “So this becomes 140,000-145,000 MW. In hydro, we have installed capacity of around 45,000 MW and under installation, capacity is about 13,000 MW. Which makes it around 60,000 MW. So we will cross 200,000 MW capacity of renewable energy by 2022.

December 23, 2019. By Hemant Arora

Growth in India’s renewable energy output dropped to 5.7 percent over the seven months to October 2019, from 28.5 percent a year earlier, the country’s Central Electricity Authority said, as quoted by The Economic Times.
 
Among the reasons for the decline, the authority cited energy output curtailment by different states as well as a slump in energy demand.
 
Last month, Indian media reported a number of coal-fired and nuclear power plants were being shut down temporarily for lackluster energy demand. Some of these, according to the data, had been idle for months, as per the reports.
 
As per a government minister, “So this becomes 140,000-145,000 MW. In hydro, we have installed capacity of around 45,000 MW and under installation capacity is about 13,000 MW. Which makes it around 60,000 MW. So we will cross 200,000 MW capacity of renewable energy by 2022.”
 
Over the last five years, growth in renewable energy generation in India has never fallen below 20 percent, not least because of government efforts in this area. However, in addition to lukewarm energy demand growth, the industry has had to contend with the weak financial performance of state power distribution companies, The Economic Times reported.
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