India To Speed Up Renewable Auctions, Tender 50 Gigawatts Every Year - CleanTechnica

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India To Speed Up Renewable Auctions, Tender 50 Gigawatts Every Year - CleanTechnica
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India To Speed Up Renewable Auctions, Tender 50 Gigawatts Every Year

for issuance of renewable energy tenders. The Ministry has laid out plans to issue tenders for 50 gigawatts of renewable energy capacity every year between the financial years 2024 and 2028. At least 10 gigawatts of the tenders issued every year will be for wind power projects.For the current financial year , the ministry has set a target to issue tenders for 15 gigawatts capacity each in the first two quarters and 10 gigawatts each in the last two quarters.

At the end of February 2023 India had reported renewable energy capacity of 169 gigawatts. An additional 82 gigawatts capacity was under implementation while 41 gigawatts was at the tendering process.With planned tenders for 250 gigawatts over the next five years, India’s renewable energy capacity could reach close to 550 gigawatts by 2030 — a target previously stated by the Indian government.

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