The renewable energy sector in the country is likely to miss the capacity addition target for the current financial year on the back of economic slowdown as also due to lapse of an incentive scheme and uncertainties over reintroduction of a government support scheme for the wind sector.
During the first 11 months of current financial year, country has added only 2,380 mw of new capacity. However, the new capacity addition target from the renewable energy sources is 4,125 mw for the year. While almost all sectors are short of target, the major slip is likely to be in the wind sector, key driver of India’s clean energy capacity addition. Wind sector has added little over half of the targeted capacity during the first 11 months.
Of the 2,380 grid-interactive clean power added during April 2012-February 2013, wind sector contributed 1,282 mw, while the rest was accounted by solar power, bagasse co-generation, small hydro, biomass and waste-to-power at 505 mw, 316 mw, 157 mw, 113 mw, and 6 mw respectively. Besides, 99 mw of off-grid/ captive power generation capacity from different renewable energy sources were also added during the first 11 months of this financial year, according to union ministry of new and renewable energy statement.
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