The sustained increase in renewable capacity additions may be unsettling conventional energy businesses. Fuel-wise, the share of solar in total installed generation capacity is projected to rise from 4% now to 18% by FY22. While coal-based energy is expected to play a diminished role, the share of wind energy is estimated to rise 13%. As a Moody’s report points out, the overall policy framework for renewable energy is still evolving. “Similarly for solar projects in China, the average utilization hours fell by 67 hours to 1,133 hours in 2015.”

Source: Mint June 27, 2017 20:15 UTC