Market trends

India installs 7.5 GW of utility-scale solar and 2.4 GW of wind in CY2019 India’s renewable capacity installations reached 86 GW as of December 31, 2019. Wind is the major contributor with 44% share in total renewable mix, followed by solar with 39% share. In last one year, the share of solar rose by 5 percentage points to about 39%. In CY2019, about 7.5 GW of new utility-scale solar capacity was added, which is about 14% increase over the previous…

Land acquistion is the biggest hurdle for solar and wind project developers in India. In India, the land is a state subject, which means various state government agencies, including- revenue department, panchayat, state nodal agencies, among others, are involved in giving approvals to procure/ lease the land. The involvement of so many entities makes the entire process highly cumbersome and time-consuming. As per industry sources, in general, it takes around 6-9 months to procure land for setting up solar/ wind…