April 26 (Renewables Now) - Solar power capacity additions in India totalled 10 GW for the fiscal year through March, growing 89% in annual terms, data by consultancy Mercom Capital shows.
The share of solar power in the country’s newly-commissioned power capacity in fiscal 2017/18 was 6.59%, rising from 3.76% a year back, as the segment recorded the largest increase in terms of fresh capacity additions among all power sources. Wind, meanwhile, saw a drop in installation activity due to the transition from a feed-in-tariff (FiT) scheme to auction mechanism, with less than 2 GW of new wind parks coming online, a year-on-year drop of 68%.
Hydropower plants (HPPs) that were put on stream were 52% less than in the previous fiscal year.
At the end of fiscal 2017/18, renewables were responsible for 70 GW of India’s cumulative installed power capacity, which came at 345 GW. This represented a share of 20.32%, up from 17.5% in the previous fiscal year. The shares of coal and HPPs in the country’s total were 57.14% and 13.12% respectively. Nuclear power accounted for 1.96% of India’s cumulative installed capacity.
India’s cumulative wind power capacity at the end of March stood at 34 GW, while solar totalled 22 GW.