Sunday, August 4, 2019

Share of Fossil Fuel In Indian Power Mix Drops For 14th Consecutive Quarter

Despite the recent slowdown in capacity addition in the renewable energy capacity in India, and doubts related to future investments in the sector, the share of fossil fuel-based capacity in the country’s installed mix continues to contract.
According to CleanTechnica Research, the share of fossil fuel-based capacity in India’s total installed capacity declined for a 14th consecutive quarter at the end of June 2019. At the end of Q2 2019, the share of power generation capacity based on coal, diesel, natural gas, and naphtha had fallen to 63.05%.

CleanTechnica Research analyzed the trends for 17 quarters between Q2 2015 and Q2 2019 and found that the share of fossil fuel-based generation increased only in two quarters, i.e., Q3 2015 and Q4 2015 when it registered the highest share of 69.81%. Since Q4 2015 this share has declined at a compound annual rate of 0.78%. At the end of Q2 2015, the total installed capacity in the fossil fuel sector was 191 gigawatts which increased to 226 gigawatts at the end of Q2 2019.
The declining share is the direct result of the slow rate of new capacity addition in the fossil fuel sector compared to solar, wind, and the overall renewable energy sector over the last few years. Additionally, there have been several retirements as well as in the fossil fuel sector.

Continue reading at: Share of Fossil Fuel In Indian Power Mix Drops For 14th Consecutive Quarter

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