01 October 2019 | BRIDGE TO INDIA
Utility scale renewable capacity addition has been in a slow mode for the past eighteen months. We estimate Q3 2019 capacity addition at only 2,549 MW (solar 2,114, wind 435), about two-thirds of scheduled capacity addition. Since touching a record high of 5,111 MW in Q1 2018, quarterly capacity addition has averaged at less than 2,000 MW, substantially behind the implementation schedule and government targets. The execution slowdown is in stark contrast to soaring tender issuance and allocation numbers.