Renewable energy business recovers but capacity auctions face challenges
NEW DELHI: Renewable energy capacity additions have clawed their way back to well above their pre-Covid levels in the October-December 2020 quarter, according to a report from the CEEW-Centre for Energy Finance (CEEW-CEF).
However, while the restoration of supply chains has aided the recovery, capacity auctioned during the period took a hit due to challenges faced by the Solar Energy Corporation of India (SECI) in finding buyers for previously tendered capacity.
According to CEEW-CEF, RE capacity additions increased by 59 per cent to 1.9 GW during the quarter compared to Q1 of FY21.
