3 months, 2 weeks ago

Power capacity addition grows this fiscal led by new renewable projects

New Delhi: Spurred by the approaching expiry of a transmission charge exemption, renewable power developers have begun to hasten completion of their projects. Latest data from the Central Electricity Authority shows that renewable energy projects—solar, wind, small hydro—added 14.9 GW in April-November, nearly double the 7.53 GW green capacity added in the year-ago period. Overall capacity addition Overall, compared to 10.29 GW in April-November FY24, the comparable period this fiscal saw net addition of 14.72 GW of new power generation capacity, showed data from the CEA. Of the remaining 213.7 GW, renewable energy capacity is 158.55 GW and the rest comprises nuclear power and large hydro projects. The faster implementation of projects compared to the previous year has helped India cross the 200 GW mark, achieving more than 40% of its targeted 500GW of non-fossil power generation capacity by 2030.

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