The year 2020 is expected to witness 29% growth in solar segment, with the addition of another 11GW of capacity.
Out of this 11GW, 50% of the projects would be installed under central tenders (SECI/ NTPC). Another 1 GW of the solar capacity would be added in open access mode under Group Captive Model mainly in Haryana and Uttar Pradesh.
Apart from the 11 GW of utility scale solar, nearly 2.5 GW of rooftop/ onsite solar capacity is also estimated in 2020.
The wind segment, on the other hand, is expected to add 4GW of capacity in 2020. This would be 50% y-o-y from 2.6 GW added in the year 2019.
Most of the wind projects allocated in 2018 which were scheduled to commission in 2019 got delayed and are now likely to be commissioned in 2020.
This delay is primarily attributed to various land related issues and lack of grid transmission availability.
Clearly, 2020 is likely the year of growth for RE installations.
This story is based on inputs from JMK Research; edited by Clean-Future Team