Wednesday, May 9, 2018

India: solar generation up 100% yoy

In Q1 2018 the amount of electricity generated by solar PV in India jumped 103% relative to Q1 2017.  This takes India's solar as a per cent of total generation to 3.2%.  Total renewables (including large hydro) made up 16% of total generation in 2016.   See previous pieces on the Indian renewables revolution, here and here and here.  Essentially, though India is unlikely to have net closures of coal power stations over the next few years, all new growth in demand is likely to be satisfied by renewables.

Source:  Mercom India
Note: 1 million units (MU) = 1GWh

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