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

A business case for renewable energy certificates for Indian companies to meet RE 100 targets

C&I consumers account for 53% of power consumption but only 6% of this requirement is met from direct procurement of renewable power. In face of m...

Download

A business case for rationalisation of Green Tariffs in India

Only about 6% of total C&I demand is met from direct procurement of renewable power. In face of multiple challenges faced by established routes li...

Download

India Corporate Renewable Brief | Q3 2022   

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 PV Module Intelligence Brief | Q3 2022   

This report captures quarterly trends in module demand and supply, import and domestic production volumes, supplier market shares, break-up by technol...

Buy Report

India Solar Compass | Q3 2022   

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

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