Policy support from central and state governments coupled with improved tariff competitiveness is leading capacity additions in non-conventional energy space, said an Icra report
10,000 mw – renewable energy capacity addition seen in fiscal 2020
9,000 mw – RE capacity addition seen in this fiscal
7.8% – increase in share of renewable energy in generation mix in FY18
5.6% – share of renewable energy in generation mix in FY15
Rs 2.6-2.7 per unit – average bid tariffs in auctions for wind and solar projects this year
Notwithstanding these cost pressures, wind and solar PV (photovoltaic) energy projects are likely to remain cost competitive against conventional power sources," — Icra