India’s Renewable Capacity Additions In Oct Dip By 65% On YoY

Highlights :

  • India’s renewable energy capacity saw a slump in October with meager addition of 349 MW of clean energy. 
  • During the same period, last year, India’s renewable capacity stood at 1,012 MW.
India’s Renewable Capacity Additions In Oct Dip By 65% On YoY Remove Fossil Fuel Subsidy To Meet 2030 RE Targets: Bloomberg

The latest data from the Central Electricity Authority (CEA) hinted at a slump in India’s renewable capacity additions in October. The monthly installed capacity data of October 2023 revealed that India added a meager new renewable capacity of 349 Megawatt (MW). It contrasts with its green energy capacity additions in the previous years during the period.

The latest monthly report of the CEA said that out of the total 349 MW, India added a total of 283 MW of new solar energy capacities in October 2023. It also added 108 MW of wind energy capacities during the same period. Besides solar and wind, the country added four MW of clean power from small hydro projects. In total, India’s renewable capacity (excluding hydro) reached 132 GW by the end of October 2023. 

Nevertheless, the previous year’s records hinted at a stronger growth of solar and wind. The CEA data from October 2022 said that India added a total of 1,012 MW of new renewable capacities. It included 811 MW of new solar capacities and 177 MW of new wind capacities. The Year-on-Year (YOY) data comparison revealed that India’s new renewable energy capacity witnessed a 65 percent decline in October of FY24 on a YoY basis. 

Fuel-wise breakup

The latest government data said India’s total solar capacity reached 72 GW by the end of October 2023, whereas its total wind capacity reached 44.2 GW. Meanwhile, India’s total non-fossil fuel capacity reached 179 GW (renewable+hydro). 

On the other hand, India’s total electricity capacity touched 425.5 GW. In terms of fuel-wise distribution, coal continued to share the largest capacity with 206.8 GW (48.6%). In contrast, the share of renewable energy (excluding hydro) stood at 31%, with a total capacity of 132 GW. The total share of non-fossil fuel touched 42% with 179 GW capacity. 

CEA, an arm of the Ministry of Power, publishes monthly data on capacity additions based on fuel type and state. It also shares power generation data based on fuel types for monthly and longer periods. 

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