India to add 2 GW of hybrid wind-solar, 16 GW of PV in 2023

ICRA projects a rebound in renewable energy capacity addition in India, with expectations of 20 GW in fiscal 2024 compared to 15 GW in fiscal 2023. This includes 16 GW from solar, 2 GW from wind, and an additional 2 GW from hybrid projects. The extension granted by the Ministry of Power until March 2024 for solar and hybrid projects, relaxation of the ALMM requirement, and recent moderation in solar PV cell and module prices are anticipated to drive capacity addition this fiscal year. According to JMK Research, India is expected to install 16.8 GW of new solar capacity in 2023, comprising approximately 14 GW of utility-scale projects and 2.8 GW of rooftop projects.

Source:

https://www.pv-magazine.com/2023/06/01/india-to-add-2-gw-of-hybrid-wind-solar-16-gw-of-pv-in-2023/

Want to read more?

Subscribe to vitaliydaviy.wixsite.com to keep reading this exclusive post.

Subscribe Now