Renewable energy sector misses target for 5th year in a row
Chennai |
Updated on
The solar segment has now overtaken wind and tops the capacity addition table - imacoconut×
Sector added about 7356 MW of capacity against the targeted 14380 MW for FY21
G Balachandar
New capacity addition in the renewable energy sector fell far short of its target in Covid-battered fiscal year 2021 (FY21) with the sector adding just a little over half of what was originally intended. With the lower addition in FY21, the sector has missed its capacity addition target for the 5th year in a row.
As against the capacity addition target of 14380 MW for FY21, the renewable energy sector added only about 7356 MW, which is just 51 per cent of the target for the fiscal. In FY20, the sector added 8711 MW of new capacity to the grid.