Loading...

COVID-19: Impact on Indian Renewables


02 June 2020 | BRIDGE TO INDIA

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

India Renewable Map | June 2023

India Renewable Map | June 2023

India’s total utility scale solar and wind capacity reached 101,763 MW by 30 June 2023. New capacity addition in the last 12 months was 10,099 MW, down by 26% y-o-y. Total project pipeline stands at 74,315 MW. Figure: Total utility scale solar and wind capacity as on 30 June 2023 Source: BRIDGE TO INDIA research This info-graphic report provides a complete overview of the...

India PV Module Intelligence Brief | Q2 2023

India PV Module Intelligence Brief | Q2 2023

This report captures quarterly trends in module demand and supply, import and domestic production volumes, supplier market shares, break-up by technology and rating, global market scenario, pricing trends across the value chain, key policy developments and market outlook.

India Solar Compass | Q2 2023

India Solar Compass | Q2 2023

This report provides a detailed update of all key sector developments and trends in the quarter – capacity addition, leading players, tenders and policy announcements, equipment prices, financial deals and other market developments. It also provides market outlook for the next two quarters.

India Corporate Renewable Brief | Q2 2023

India Corporate Renewable Brief | Q2 2023

This report provides an update on key trends and developments in the corporate renewable market including capacity addition, key players, policy issuances, financing, equipment prices and other market trends.

Merchant market for renewable projects

Merchant market for renewable projects

Many project developers are increasingly keen to participate in the merchant power market because of attractive prices on the exchanges and intense competition for PPAs. New project structures like RTC and VPPAs are also leading to a rise in project capacities with untied power output.

India PV Module Intelligence Brief | Q1 2023

India PV Module Intelligence Brief | Q1 2023

This report captures quarterly trends in module demand and supply, import and domestic production volumes, supplier market shares, break-up by technology and rating, pricing trends across the value chain, key international developments and short-term market outlook.

To top