India plans 60GW of solar tenders by March 2020 in push to hit targets

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
MNRE made clear that it wants to give assurance to renewable energy developers and the investor community about its long-term commitment to the clean energy sector. Credit: IBC Solar

India plans to tender 30GW of solar in each of the next two years to give developers time to complete projects ahead of the flagship 2022 targets.

A Ministry of New and Renewable Energy (MNRE) Year-end review document charted a highly optimistic path to its 175GW renewable energy target for 2022. Projects worth 30GW of solar power and 10GW of wind power capacity would be bid out each in the years 2018/19 and 2019/20, giving winning bidders two years to complete their projects before the government goal deadline.

MNRE made clear that it wants to give assurance to renewable energy developers and the investor community about its long-term commitment to the clean energy sector and is encouraging them of the ability “to make risk-free investments in the country”.

It released its own figures for power capacity in India as of 31 October this year:

Credit: MNRE

The country currently has the fifth highest solar installed capacity in the world with a total deployment of 24.33GW as of October 2018 against a target of 100GW by 2022. Another 22.8GW of capacity are under implementation or have been tendered out.

MNRE also released a status of projects table:

Credit: MNRE

India has become the fourth and fifth most prominent nation in terms of wind and solar capacities globally, said MNRE.

Read Next

March 1, 2021
Details of India’s proposed basic customs duty (BCD) on imported solar modules and cells are expected to be announced this week, according to a report in BusinessLine.
February 25, 2021
Solar inverter supplier Sungrow will grow its manufacturing capacity in India to 10GW this year.
February 25, 2021
Independent power producer ReNew Power has agreed to go public through a merger with RMG Acquisition Corporation II, a US special purpose acquisition company (SPAC), in a deal that values the combined entity at US$8 billion
February 24, 2021
Independent power producer RP Global is working on a pipeline of solar and wind projects in Poland to deliver more than 1GW of capacity in the next two to four years.
February 23, 2021
Strong installs expected in China, India and other markets as supply chain concerns ease and costs drop further
February 23, 2021
Solavio Labs, an Indian start-up that provides autonomous solar panel cleaning technology, is expanding its footprint to North America and the Middle East after securing fresh funding.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
March 9, 2021
Solar Media Events
March 17, 2021
Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021