New Power Capacity Additions India – Q4 2019

Global Tender Activity

Solar energy is definitely here to stay! Solar energy led the overall global power sector with 216 tenders accounting for 73%, followed by thermal with 33 tenders and an 11.3% share and hydro with 20 tenders and a 6.8% share. With 209 tenders accounting for 71.8%, Asia-Pacific held the top position during Q4 2019, followed by Europe with 36 tenders and a 12.4% share and the Middle East and Africa with 29 tenders and a 10% share. SECI’s 3,000MW from four tenders and NTPC’s 2,514 MW capacity from nine tenders were the top issuers. Also, read why Utilities Around the World Are Going Solar

Data Source: Economic Times

Even though the pace of solar capacity additions has slowed down in India, the country still topped power generation tenders capacity globally. India which is still a predominantly fossil-fuel-based economy has added 50 GW of renewable energy capacity over the last five years. Out of the total 98 GW power generation capacity, more than 50% was based on renewable energy technologies dominated by solar power. Wind energy additions, on the other hand, have slowed down, with India witnessing just over 14 GW of new capacity.

Renewable Energy Power Capacity India as of Dec 31, 2019

Fossil fuels like coal, diesel, and gas witnessed the addition of 42 GW of new capacity over the last five years. Coal led the capacity additions with 41 GW of new capacity added. However, capacity added through renewable energy technologies exceeded that based on fossil fuels, over the last 12 out of 18 quarters (ending December). You might also like Solar Energy Kills New Plans For Coal Power As No One is Willing To Sign PPAs

Solar Vs Fossil Fuel generation