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- Mar 3, 2006
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New renewable energy capacity addition grew 73% year-on-year in the third quarter this fiscal
India installed 3,316 MW of non-hydro renewable energy capacity in the third quarter of FY2021-22, compared to just 1,914 MW installed in the same period last year.Out of this, 93% (3,072 MW) came from solar.
FEBRUARY 10, 2022
India added 3,316 MW of new non-hydro renewable energy capacity from solar, wind, biomass and other RE sources during the third quarter of FY2021-22, which is 73% more than just 1,914 MW installed in the same period last year, according to the latest edition of the CEEW Centre for Energy Finance (CEEW-CEF) Market Handbook released today. However, compared to the preceding quarter, new non-hydro RE capacity additions fell by 27% on account of intensifying supply chain constraints.
Solar energy, at 3,072 MW, comprised 93% of the total RE capacity added during the quarter, driven partly by a 142% rise in rooftop solar installations to 700 MW. This growth in new capacity was registered despite a 40% jump in the prices of solar PV modules to INR 21/Watt-peak, over the last year, stated the report. An increase in the cost of raw materials and supply chain constraints resulted in rising solar PV module costs.
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New renewable energy capacity addition grew 73% year-on-year in the third quarter this fiscal
India installed 3,316 MW of non-hydro renewable energy capacity in the third quarter of FY2021-22, compared to just 1,914 MW installed in the same period last year. Out of this, 93% (3,072 MW) came from solar.
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