New Delhi: Capacity addition from renewable energy sources surpassed conventional sources for the first time in financial year 2017 as India added 12.5 gigawatt (GW) of renewable energy capacity compared to 10.2GW from conventional sources of fuel.
“India added 12.5GW of renewable energy capacity during financial year 2017, surpassing capacity addition from conventional sources of fuel estimated at 10.2GW, in sync with global trends,” said a report by Elara Capital, which was released on Wednesday.
Of the 10.2GW of capacity addition from conventional energy, 74% came from thermal, while the rest came from hydro and nuclear power projects.
In financial year 2016, capacity addition from renewable energy was about 6.9GW, and from conventional sources about 23.3GW.
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