COVID-19: Impact on Indian Renewables

This report examines operational and financial impact of the COVID-19 pandemic on the Indian renewable power sector. It assesses delays in construction progress, capacity addition outlook and impact on players across the sector value chain.

With number of infections in India still rising rapidly, considerable uncertainty remains over economic outlook. Short-term impact on the renewable power sector has been relatively mild but outlook over the next few years appears gloomier due to weakening power demand growth, deteriorating financial condition of DISCOMs and further constraints in debt financing. We have accordingly revised our base case solar and wind power capacity addition estimate over 2020-2024 to 35 and 12 GW, down from our previous estimate of 43 GW and 15 GW respectively.

Figure: Overall impact of COVID-19 on renewable sector

On a positive note, there remains huge optimism about long-term prospects of renewable power. The crisis has refocused attention of governments and policy makers worldwide to fight climate change and localise energy supply. Both these priorities play to renewable power’s advantage.


Recent reports

Renewable Energy Certificates   

The Renewable Energy Certificate (REC) scheme has been plagued by lax Renewable Purchase Obligation (RPO) compliance, frequent changes in regulations ...

Buy Report Download Executive Summary

India Corporate Renewable Brief | Q3 2021   

Our latest edition of quarterly report provides a detailed regular update on key trends and developments in the C&I renewable market....

Buy Report Download Executive Summary

India Solar Compass Q3 2021   

This report provides a detailed update of all key sector developments and trends in the quarter – capacity addition, leading players, tender and pol...

Buy Report Download Executive Summary

India Residential Rooftop Solar Market   

This comprehensive report covers India's residential rooftop market – growth drivers, challenges, policy and regulatory framework, market segmentati...

Buy Report Download Executive Summary

Opportunities for Indian companies – Bangladesh, Sri Lanka and Nepal   

Bangladesh and Sri Lanka together plan to add 8 GW renewable power capacity by 2030. Nepal aims to increase share of renewable power in its energy mix...

Buy Report Download Executive Summary

India Solar Rooftop Map | June 2021

India Solar Rooftop Map is an info-graphic report providing a snapshot of rooftop solar market in India – capacity addition across states and consum...

Download
We use cookies to offer you an optimal user experience and collect information on website usage.