The Indian Ministry of New and Renewable Energy (MNRE) has unveiled plans to issue tenders for 50 GW of renewable energy capacity per year in the following five financial years, effectively tendering 250 GW between 2023 and 2028. The tenders will include at least 10 GW/year of wind power capacity.
For the 2023-2024 financial year, the MNRE envisages to tender at least 15 GW of renewable energy tenders in each of the first two quarters and at least 10 GW per quarter in the second half of the year. The tenders can include, solar, wind or solar-wind hybrid, with or without storage.
The scheme is intended to ensure that India will reach its goal to increase its non-fossil fuel capacity to 500 GW and meet 50% of its energy requirements from renewables by 2030. At the end of 2021, solar and wind accounted for over 20% of installed capacity in India, with respectively 49 GW and 40 GW.
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