India Renewable Power Market Trends 2001 to 2020

India Renewable Energy Market Trends Analysis and Forecasts

Contributed by | GlobalData


India Renewable Power Market including Hydro, Installed Capacity, MW, 2001-2020

Hydro power dominates the total renewable power installed capacity with a share of nearly74.25% in 2009.The cumulative installed capacity has increased to 39,404 MW in 2009 from 26,269 MW in 2001 at a CAGR of 5.2% during the period. By 2020, the Hydro power generation capacity is expected to reach 68,243 MW with a CAGR of 5.1% from 2009. With the increasing installations of wind, solar and bio-energy facilities in the country, the share of hydro power in total renewable power generation capacity of country is projected to reduce to nearly 53% by 2020 from 74% in 2009.
 
With the increasing support to the renewable sources, the wind, solar and biomass power installations are on rise. The wind power installed capacity has grown from 1,407 MW in 2001 to 10,925 MW in 2009 at a CAGR of 29.2%. By 2020, the cumulative wind power capacity is expected to reach 32,200 MW with a CAGR of 10.3% since 2009.
 
The solar PV installed capacity has elevated at a CAGR of 26.0% during 2001 to 2009. The Solar PV installed capacity has reached to 178 MW in 2009 from 28 MW in 2001. By 2020, the cumulative installed capacity is expected to reach 18,788 MW at an impressive CAGR growth of 52.7% during 2009 to 2020. The Jawaharlal Solar Mission targets are setting stage to achieve such phenomenal growth number.
Biomass power installation in the country has increased from 349 MW in 2001 to 2,450 MW in 2009 at a CAGR of 27.6%. By 2020, the biomass power installed capacity is expected to reach at 7,286 MW at a CAGR of 10.4% from 2009.
 
Source: GlobalData
 
 
Year
Hydro
Wind
Solar PV
Solar Thermal
Biogas
Biomass
Total
2001
26,269
1,407
28
 
48
349
28,101
2002
28,260
1,702
33
 
53
447
30,496
2003
31,026
2,125
43
 
58
572
33,824
2004
32,546
3,000
60
 
62
712
36,380
2005
33,831
4,430
76
 
69
920
39,326
2006
35,468
6,270
88
 
83
1,173
43,082
2007
36,656
7,850
108
 
87
1,500
46,201
2008
38,848
9,587
148
 
104
2,015
50,702
2009
39,404
10,925
178
 
110
2,450
53,067
2010
41,422
12,285
280
 
117
2,773
56,876
2011
43,542
13,752
540
25
124
3,139
61,122
2012
45,771
15,362
1,008
33
133
3,550
65,858
2013
48,115
17,120
1,770
40
144
3,941
71,129
2014
50,578
18,865
2,868
206
155
4,375
77,047
2015
53,167
20,756
4,328
371
169
4,855
83,646
2016
55,889
22,775
6,248
537
185
5,387
91,020
2017
58,750
24,986
8,638
703
202
5,810
99,089
2018
61,758
27,326
11,518
869
221
6,266
107,958
2019
64,919
29,752
14,898
1,034
243
6,757
117,603
2020
68,243
32,200
18,788
1,200
266
7,286
127,982
CAGR 2001-2009
5.2%
29.2%
26.0%
 
11.0%
27.6%
8.3%
CAGR 2009-2020
5.1%
10.3%
52.7%
 
8.4%
10.4%
8.3%
Source: GlobalData
 
India Renewable Power Market, Power Generation, GWh, 2001-2020

Hydro power has been a key renewable source of energy in the country, accounted for approximately 79.39% of the total power generated from all renewable sources in 2009. The share of hydro power in the total renewable energy sources is expected to decline to nearly 56.7% by 2020 from its level of 79.39% in 2009. In absolute terms, hydro contributed 106,189 GWh in 2009 and expected to contribute 160,724 GWh in 2020.
 
The wind is second largest renewable source of energy in renewable generation portfolio. The wind power generation in the country has increased at a CAGR of 30.5% from 2,271 GWh in 2001 to 19,141 GWh in 2009. By 2020, the wind power generation is expected to reach at 56,414 GWh at a CAGR of 10.3% during 2009 to 2020.
 
Biomass power generation in the country has grown from 917 GWh in 2001 to 7,654 GWh in 2009 at a CAGR of 30.4%. By 2020, the bio-mass power generation is likely to reach at 41,489 GWh at a CAGR of 16.6% from 2009.
 
Source: GlobalData
 
Year
Hydro
Wind
Solar PV
Solar Thermal
Biogas
Biomass
Total
2001
76,236
2,271
57
 
265
917
79,745
2002
67,397
2,564
67
 
293
1,174
71,495
2003
81,784
3,723
87
 
320
1,503
87,417
2004
83,876
5,256
99
 
342
1,871
91,444
2005
96,520
7,761
108
 
381
2,014
106,784
2006
103,639
10,985
114
 
456
2,843
118,037
2007
122,410
13,753
121
 
478
3,985
140,747
2008
115,006
16,796
145
 
572
5,824
138,344
2009
106,189
19,141
174
 
605
7,654
133,763
2010
110,266
21,523
274
 
659
9,313
142,036
2011
114,500
24,094
529
77
718
11,274
151,191
2012
118,897
26,914
988
100
782
13,581
161,261
2013
123,462
29,994
1,735
140
852
15,997
172,180
2014
128,203
33,052
2,812
721
928
18,781
184,496
2015
133,126
36,365
4,243
1,302
1,011
21,974
198,019
2016
138,237
39,902
6,125
1,976
1,119
25,640
213,000
2017
143,545
43,776
8,469
2,586
1,239
29,012
228,626
2018
149,057
47,875
11,292
3,424
1,372
32,750
245,770
2019
154,781
52,126
14,606
4,077
1,529
36,895
264,014
2020
160,724
56,414
18,420
4,730
1,705
41,489
283,483
CAGR 2001-2009
4.2%
30.5%
14.9%
 
10.9%
30.4%
6.7%
CAGR 2009-2020
3.8%
10.3%
52.7%
 
9.9%
16.6%
7.1%
Source: GlobalData
 
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