India’s total capacity of renewable energy projects expanded to 42,850 megawatts, overtaking hydropower that stood at 42,783 mw, out of the country’s total capacity of about 3 lakh mw on April 30, as per the latest assessment of the Central Electricity Authority. However, the country still depends primarily on thermal power, which has a much higher installed capacity.
Supply from renewable plants depends on sunshine or wind, which are not consistently available. Nevertheless, officials said the surge in renewable capacity marks a significant structural change in the energy landscape of India, which has emerged as the world’s fastest-growing renewable energy market that has companies from Finland and South Africa participating in auctions for solar-powered projects. Hydropower capacity has increased only marginally — from 40,531.41 mw in March 2014 to 41,267.42 mw in March 2015, to 42,783.43 mw at present. In contrast, renewable energy capacity has grown from 34,351mw in March 2015 to 42,849 mw at present.