Weekly Power Sector Round up: 31st July 2021

Power demand to grow over 5% this fiscal: Crisil

Rising industrial power demand is expected to push India’s energy consumption over 75 billion units (BUs) this fiscal. A growth of 5% year-on-year, which would be the fastest in the past three fiscals, according to Crisil Ratings.

This growth in demand will be met by thermal generation as generation from renewable, hydro and nuclear remains at less than 25% of the overall generation capacity in the country.

Commercial and Industrial rooftop solar segment to add 1,875MW capacity in 2021: IEEFA

The commercial and industrial (C&I) segment in India is expected to add 1,875 megawatt (MW) of new capacity in 2021, an increase of 47 per cent compared to the previous year, according to a report published by the institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research.

The report added that other factors expected to boost uptake of rooftop solar by C&I consumers were more accessible financing options and corporates wanting to switch to 100 per cent renewable energy to meet their RE100 commitments.