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

Solar Manufacturing Prospects   

Buoyed by government promises of customs duty on imports and financial incentives, solar manufacturing sector is witnessing renewed interest....

Buy Report Download Executive Summary

India Solar Rooftop Map | June 2020

India’s operational rooftop solar capacity reached 5,953 MW as on 30 June 2020. Only 1,140 MW capacity is estimated to have been added in the twelve...

Download

India Renewable Map | June 2020

India’s utility scale solar and wind capacity reached 69,808 MW as on 30 June 2020. Only 6,284 MW of new capacity was added over last 12 months, dow...

Download

India Solar Compass Q2 2020   

India added just 351 MW of solar power generation capacity in Q2 2020 taking total installed capacity to 38,377 MW by 30 June 2020....

Buy Report Download Executive Summary

Transmission planning, implementation and status   

Transmission remains a critical bottleneck to growth of India’s renewable power sector....

Buy Report Download Executive Summary

India Renewable Power CEO Survey | 2020

The survey provides a sector-wide glimpse into the minds of renewable power leaders on industry outlook, capacity addition over the next 5 years, oper...

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