Project awards to induce 11-12 Gw renewable energy addition in FY20

The support for schemes like KUSUM, roof-top and off-grid solar applications is expected to continue under the new government

The award of key projects by central nodal agencies and state distribution utilities in the calendar years (CY) 2017 and 2018 would spell 11-12 Gw (gigawatt) in fresh capacity additions for renewable energy (RE) sector in this financial year. 

Buoyed by this anticipated capacity growth, the share of RE in pan-India generation is expected to rise to 10 per cent by FY20, ratings agency ICRA estimated.

“The share of RE-based generation in the overall generation mix at the all India level increased to 9.2 per cent in FY19 from 5.6 per cent in FY15. With the re-election of the NDA,