Bids: 30 GW solar and 10 GW wind in 2018-20
Green energy projects of 46.75 GW capacity have been bid out or is under installation in India which has installed around 73.35 GW as of October 2018 from all renewable energy sources, said the Ministry of New and Renewable Energy (MNRE).
Projects worth each 30 GW solar power and 10 GW wind power capacity would be bid out each in the year 2018-19 and 2019-20 as per the Government declared trajectory of bidding 60 GW capacity of solar energy and 20 GW capacity of wind energy till 31.03.2020.
The Ministry plans to bid out remaining solar power capacity in 2018-19 and 2019-20, so that bidding gets completed for entire 100 GW capacity additions by March 2020, leaving two years’ time for execution of projects.
So far, the installed capacity includes around 34.98 GW from Wind, 24.33 GW from solar, 4.5 GW from Small Hydro Power and 9.54 GW from Bio-power.
This has given assurance to the renewable energy developers and investors community about long term commitment and planning of the Government in the RE sector encouraging them to make risk free investments in the country.
India has 5th Global position for overall installed renewable energy capacity, 4th position for wind power and 5th position for solar power.
It has registered lowest ever solar tariffs in India of Rs.2.44 per unit in reverse auctions carried out by Solar Energy Corporation of India (SECI) in May 2017, for 200 MW and again in July 2018, for 600 MW.
Registered lowest ever wind tariff was Rs.2.43 per unit in a tender of 500 MW project by Gujarat Government in the month of December 2017.
The cumulative renewable energy installed capacity has increased from 35.51 GW as on 31.03.2014 to 73.35 GW as on 31.10.2018 (increase of around 106% during last four &a half years).
The capacity addition of over 37.84 GW grid connected renewable power has been achieved during last four & half years (2014-15 to 2018-19) which includes 21.7 GW from Solar Power, 13.98 GW from Wind Power, 0.7 GW from Small Hydro Power and 1.5 GW from Bio-power.
A total of 101.83 billion units of power were generated in the country during the year 2017-18 from all renewable energy sources as compared to 61.78 billion units generated in 2014-15 (increase of around 65% during last four years).
Share of renewable energy in terms of overall power generation has reached to around 8% from 5.5% in 2014-15, said MNRE in an update on 10 Dec 2018.
Further, 62.66 BU of energy is generated during 2018-19 up to August 2018. fiinews.com
