January 9, 2019 Read More →

Report sees rebound in India renewable energy sector following ‘forgettable’ 2018

PV Tech:

India’s renewable energy deployment is expected to grow by 50% year-on-year in 2019 with a total of 15,860MW of installations, according to a report by consultancy firm Bridge to India.

The “India RE 2019 Outlook report” described 2018 as a “forgettable year” for the Indian renewables sector, lifted only by a surge in auctions with more than 20GW of capacity awarded, however, there were also several major tender cancellations in the year.

Utility-scale PV deployment is set to hit 10,902MW in 2019, surpassing 10GW in a single year for the first time, and well up from 6,833MW in 2018. Meanwhile, rooftop solar will grow robustly by nearly 50% to 2,368MW, up from 1,588MW in 2018.

For the less established technologies, floating PV is expected to see auctions of up to 5GW issued and developers are expected to start adopting monocrystalline modules and microinverters in greater numbers. Meanwhile, energy storage will be supported by the expected announcement of the National Storage Mission and more solar-plus-storage tenders.

Wind is expected to increase to 2.3GW, up 18% over 2018, with land and transmission bottlenecks the main drawbacks.

The report described most of the problems of 2018 as self-inflicted, with the GST tax, safeguard duty and BIS standards causing major frustration.

More: Indian renewable energy deployment to grow sharply this year after ‘forgettable’ 2018

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