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India is likely to add 8 GW to 8.
5 GW of renewable energy generation in this fiscal year
, according to reports.
According to research and rating agency ICRA, the country added about 12 GW of renewable energy capacity
in the last fiscal year ending March 2018.
Solar contributes up to 9 GW, wind up to 2 GW, and capacity from other sources increases by up to 1 GW
.
"So far, the project's awards have provided fairly healthy visibility for renewable energy growth in FY2014 and FY2020, which is expected to increase by approximately 8-8.
5 GW
in FY2018," said the group head of ICRA Ltd.
This time, RE projects may still be cost-competitive
compared to traditional power supplies.
”
He explained that the recent depreciation of the rupee against the US dollar due to the safeguard duty on imported PV modules is estimated to increase the capital cost of solar power projects by 20-25%.
Although PV module prices have fallen by about 20% since June 2018, this has
been partially affected.
In addition, rising interest rates are putting pressure on bidding for tariffs and the viability of wind and solar projects that are below Rs 3 per 3 rupees
.
In addition, the ICRA said in a statement that the winning developers in the recent tender faced challenges
in securing connectivity and open access to interstate transmission networks.
This has led to some bids from Indian solar companies cancelling or curtailing capacity
.
He added, "Despite these challenges, wind and solar power projects remain cost-competitive compared to conventional energy sources and will continue to increase their share
of the generation mix in the coming years.
" RE's share of the generation mix is expected to increase to 12-13% by FY2020 from 7.
7%
in FY2018.
”
The ICRA statement said that the bidding activity in the renewable energy sector remained large, with central node bodies such as SECI and NTPC and national distribution companies issuing about 10 GW and 15 GW of wind and solar capacity
during 2017 and 2018, respectively.
While the industry has a good outlook, several key issues
remain.
:/, please indicate the source for reprinting)
India is likely to add 8 GW to 8.
5 GW of renewable energy generation in this fiscal year
, according to reports.
According to research and rating agency ICRA, the country added about 12 GW of renewable energy capacity
in the last fiscal year ending March 2018.
Solar contributes up to 9 GW, wind up to 2 GW, and capacity from other sources increases by up to 1 GW
.
"So far, the project's awards have provided fairly healthy visibility for renewable energy growth in FY2014 and FY2020, which is expected to increase by approximately 8-8.
5 GW
in FY2018," said the group head of ICRA Ltd.
This time, RE projects may still be cost-competitive
compared to traditional power supplies.
”
He explained that the recent depreciation of the rupee against the US dollar due to the safeguard duty on imported PV modules is estimated to increase the capital cost of solar power projects by 20-25%.
Although PV module prices have fallen by about 20% since June 2018, this has
been partially affected.
In addition, rising interest rates are putting pressure on bidding for tariffs and the viability of wind and solar projects that are below Rs 3 per 3 rupees
.
In addition, the ICRA said in a statement that the winning developers in the recent tender faced challenges
in securing connectivity and open access to interstate transmission networks.
This has led to some bids from Indian solar companies cancelling or curtailing capacity
.
He added, "Despite these challenges, wind and solar power projects remain cost-competitive compared to conventional energy sources and will continue to increase their share
of the generation mix in the coming years.
" RE's share of the generation mix is expected to increase to 12-13% by FY2020 from 7.
7%
in FY2018.
”
The ICRA statement said that the bidding activity in the renewable energy sector remained large, with central node bodies such as SECI and NTPC and national distribution companies issuing about 10 GW and 15 GW of wind and solar capacity
during 2017 and 2018, respectively.
While the industry has a good outlook, several key issues
remain.
:/, please indicate the source for reprinting)
/
