,India

Will renewables become India's dominant power source?

Currently, renewables comprise 21% of India’s total power generation.

India’s renewable installed capacities have grown to 148 gigawatts (GW) by end of September 2021, comprising 38% of India’s total installed power capacity.

However, CreditSights reported that the share of renewable power generation to India’s total electricity generation of 21% falls below its share in the country's total installed capacity.

The difference between its generation ad capacity has sparked questions on whether renewables can become India’s dominant power source.

Analysts said they are confident that the “share of green power in meeting India’s power needs will only increase going forward,” but not as swift as envisioned by the country.

India aims to increase the shares of renewables in its total power capacity to 40% by 2030.

The country's renewable power assets have grown from 18 GW in June 2010 to 148 GW to end September 2021, according to the Ministry of Power.

CreditSights also underscored that renewable facilities generate lesser power per gigawatt than thermal assets.

This is mainly because renewable power has a lower average capacity utilization factor (CUF) “owing to intermittency issues.”

Analysts said during the monsoon season in India, which occurs during the second quarter of every fiscal year, solar assets see a 20% drop in CUF, whilst wind assets’ CUF jumps as high as 35%.

During the dry season, however, wind assets can fall to as low as 16%.

“Consequently, output from renewable sources can be extremely seasonal, intermittent, volatile, and generally low,” the analysts said.

For the LTM period ended August 2021, renewables’ CUF was at 23%, which paled markedly compared to the CUF of nonrenewable energy plants at 55%.

“Considering renewable facilities generate lesser power per gigawatt than thermal assets, we can conclude that, despite the rapid growth in the industry, it still has a long way to go in becoming the dominant source of power in the country,” CreditSights said.

The analysts however said that renewable power in India is “here to stay” and will remain “well-supported.”

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The contract is in line with Keppel's Vision 2030 for sustainability.
Advanced digital solutions can cut China’s LCoE by up to 12%, reports said.
Under the bill, the Singapore regulator will be allowed to be a market player.
The NFE project is the only significant LNG investment recorded amidst the clean energy transition.
The deadline for submission of proposals is on 1 April 2022.
Grid stability and commercial viability are key in the clean energy transition.
Currently, renewables comprise 21% of India’s total power generation.
Analysts said the sector will face risks in the next 1-2 years of decarbonisation.
Following the launch of SolarShare, the company faced contractor issues in Singapore.
The Grid Digital Twin is being developed in anticipation of the increasing electrification complexities.
With such a price, the 36.4 Gt of carbon emissions in 2019 would amount to about 4% of the world GDP.
SG's membership in the PPCA reflects its efforts to phase out unabated coal.
The ETM Southeast Asia partnership is the first of its kind in Asia and the Pacific.
Over 50 companies were awarded in this year’s Oscars of the power industry.