The Indian authorities plans to difficulty tenders for 50 GW of renewable vitality capability per 12 months within the following 5 monetary years, from 2023/24, which begins on April 1, until 2027/28.
The timetable was outlined by the Ministry of New and Renewable Power (MNRE) in a doc printed on Saturday and entitled Bidding Trajectory for Renewable Power Energy Tasks.
The auctions will embrace a minimum of 10 GW per 12 months of wind energy capability.
The plans are designed to make sure that India meets its goal of 500 GW of put in capability from no-fossil gas sources by 2030. The ministry mentioned that the nation at the moment has about 169 GW of put in renewable vitality capability and an additional about 83 GW below implementation and 41 GW below tendering course of.
For the 2023/24 monetary 12 months the next schedule is envisioned: a minimum of 15 GW of renewable vitality tenders in every of the primary two quarters and a minimum of 10 GW per quarter within the second half of the 12 months.
The tenders might embrace, photo voltaic, wind, solar-wind hybrid or around-the-clock renewables with or with out storage.
The annual targets for auctions will likely be allotted by the federal government to the renewable vitality implementing companies that can conduct tenders.
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