According to the Council on Energy, Environment and Water-Centre for Energy Finance (CEEW-CEF) Market Handbook 2020-21 (Annual Issue), India added 12.1 GigaWatt (GW) power generation capacity in 2020-21, of which 7.7 GW was from renewable energy sources (64%), followed by coal/lignite (3.9 GW) segment.
- The share of Renewable Energy (RE) in the overall energy sector in 2020 was 10.1 %, up from 9.4% in FY 2020.
- India’s total power generation also increased by 1.3% in FY 2021 despite COVID-19 restrictions.
i.In RE, solar (grid-scale and rooftop) accounted for 73% or 5.5 GW of capacity added in FY 2021.
- Solar rooftop capacity addition stood at 1.8 GW in 2021.
ii.In FY 2021, Overall RE generation increased by 8.5% compared to 2019.
iii.The handbook also stated that a historically low tariff of 1.99 INR/kWh was discovered in FY21 at the Gujarat Urja Vikas Nigam Ltd (GUVNL) solar bid.
- It is an initiative of the Council on Energy, Environment and Water (CEEW).
- It acts as a market observer and driver that monitors, develops, tests, and deploys financial solutions to advance energy transition.
India Targets 175 GW Renewable Energy by 2022 – 100 GW Solar, 60 GW Wind, 10 GW Bio-Energy, 5 GW Small Hydro.
Recent Related News:
i.April 23, 2021, The CEA & CEEW’s CEF (Council on Energy, Environment and Water – Centre for Energy Finance) launched the ‘India Renewables Dashboard’, which will provide detailed operational information on Renewable Energy (RE) projects in India.
About Council on Energy, Environment and Water (CEEW)
CEO – Arunabha Ghosh
Head Office – New Delhi