India's renewable energy capacity addition increased by 80 per cent to 3.4 gigawatts (gw) during the December 2021 quarter compared to a year ago, according to CEEW-CEF. New capacity addition of non-hydro renewable energy increased to 3.4 gw during the third quarter of FY22 compared to just 1.9 gw installed in the same period last year (October-December 2020), according to the latest edition of the CEEW Centre for Energy Finance Market Handbook. 

This is nearly an 80 per cent jump in new renewable energy capacity addition on a year-on-year basis. 

However, the handbook stated that compared to the preceding quarter (July-September), new non-hydro renewable energy capacity addition fell by 27 per cent on account of intensifying supply chain constraints. 

Solar energy comprised 92 per cent of the total renewable energy capacity added during the quarter, driven partly by a 142 per cent rise in installation of rooftop solar to 700 mw. This growth in new capacity was registered despite a 40 per cent jump in the prices of solar PV modules to Rs 21 per watt-peak over the last year’s price. 

Overall, in terms of net capacity addition, renewable energy formed 75 per cent of the total 4.5 gw capacity added (net of 900 mw, which was converted to captive mode) in the power sector during the period.