Renewable sector to create peak capacities in CY20

After clocking a sub-par growth in 2019, capacity additions are expected to go up for India’s renewable sector — solar and wind — by over 40% in calendar year 2020 with projects allocated in 2018 getting commissioned in 2020. Experts believe policy measures and falling module prices will further assist in creating peak capacities. In calendar year 2020, the renewable sector is expected to add 15 GW of new capacities that will include 11 GW of utility-scale solar installations, and 4 GW of wind capacity additions, said experts.

In year 2019 till September, India added around 4 GW of utility scale solar capacity and 1.9 GW of wind capacity as per data with the ministry of new and eenewable energy (MNRE). Industry experts believe another 4 GW of solar and 0.8 GW of wind capacities will get added in the October-December quarter of 2019. The cumulative solar capacity of 8GW in 2019 will be a 28% y-o-y growth. All put together, the cumulative wind and solar capacity will be 10.7 GW in 2019.