Renewable surpasses conventional sources of energy generation
In a first of its kind development in the country in the energy generation sector, the renewable energy sector has added more capacity than the conventional power — thermal, gas and nuclear — in 2017-18. The renewable energy sector which includes wind, solar and bio-fuel, has added 11,788 MW of capacity to the grid in FY18. Though the renewable energy capacity addition fell short of its target (14,510 MW) for the fiscal, it exceeded the capacity added by conventional segment which stood at 9,505 MW, according to renewable energy ministry. The development is more a reflection of the challenges faced by the conventional energy sector which registered a steep decline of 33 per cent when compared to 14,209 MW capacity additions in FY17 rather than any steep increase in renewable addition which actually grew by just 4 per cent. Faced with multiple challenges, thermal sector’s capacity addition came down to 8,710 MW in FY18 from 11,550 MW in the previous year. While falling tariffs of renewable power is making coal-fired power units less attractive, the thermal power sector has also been plagued by overcapacity, weak demand and lack of visibility for tying up long-term power purchase agreements (PPAs).
📅Published on:
02 May 2018
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