Weekly Power Sector Round up: 13th November 2021

India adds 1522MW renewable capacity in October 2021

India added 1522.35 MW of renewable energy capacity in October 2021, increasing the total installed renewable energy capacity to 103.05 GW, according to a monthly cabinet brief issued by the Ministry of New & Renewable Energy (MNRE).

The total renewable energy capacity consists of 47.66GW of solar, 39.99GW of wind, 10.58GW of biopower and 4.82GW of small hydro.

Further, projects of 50.98GW capacity are under various stages of implementation and 32.06GW capacity are under various stages of bidding.

Funding under PLI for solar manufacturing to be increased to Rs 24,000 cr

The Govt will soon increase the funding under the production linked incentive (PLI) scheme for domestic solar cell and module manufacturers to Rs 24,000 crore from the existing Rs 4,500 crore.

“We brought the PLI scheme (for solar cells and modules) worth Rs 4,500 crore. We invited bids and we got 54,500 MW manufacturing capacity of solar equipment. We asked the government to sanction Rs 19,000 crore more under the PLI, which was approved (in-principle). Now we would have a PLI of Rs 24,000 crore. We would be exporting solar equipment,” Power and New & Renewable Energy Minister R K Singh told PTI.

The present solar module manufacturing capacity in the country is 8,800 MW while the solar cell manufacturing capacity is 2,500 MW.