India’s renewable energy (RE) sector seems to be losing steam, even as the total capacity has reached almost 86 GW by December 2019, says the latest State of India’s Environment Annualreport, released here at the 2020 Annual Media Conclave and Anil Agarwal Dialogue.
India has set itself atarget of 175 gigaWatt (GW) RE capacity by 2022 — mainly in the form of 100 GW solar (60 GW utility-scale and 40 GW rooftop) and 60 GW wind. Between 2014 and 2018, the RE sector grew from 2.6 GW to 28 GW — a cumulative aggregated growth rate of around 18 per cent.
But, says the report, “there has been a slowdown in capacity addition and auctions due to emerging risks and unaddressed structural issues.” Annual additions to solar capacity have dipped drastically to 6.5 GW in 2018-19, from 9.4 GW in 2017-18. In wind energy, against a sizeable 5.4 GW added in 2016-17, less than 2 GW was added annually in the following two years. The capacity auctioned to developers has remained almost constant at 2-3 GW. The share of RE in India’s power generation in 2018–19 was 10 per cent, a far cry from the national goal of 40 per cent share by 2030.
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