Renewable energy set to witness 10,000 Mw capacity addition in FY20: Report

Renewable energy sector, especially wind and solar segments remain exposed to near term challenges

Renewable energy is set to witness 10,000 megawatt (Mw) in fresh capacity addition in FY20, aided by project awards from central agencies and state-owned distribution utilities.

By FY20, the share of renewable energy (RE) to overall power generation is tipped to rise to 10 per cent and further to 13 per cent by FY22, a report by ratings agency Icra stated. Renewable energy installments during the April-December period stood at 5,060 Mw, taking the country's cumulative capacity to 74,080 Mw. 

The share of RE-based generation in the overall generation mix at the all-India level is rising, as seen from an