The government will invite bids for 50 GW capacity from current fiscal till fiscal 202728."These annual bids of ISTS (Inter-State Transmission) connected renewable energy capacity will also include setting up of wind power capacity of at least 10 GW per annum," the ministry said in a statement.
The plan, finalised by MNRE at a meeting chaired by Union Minister for Power & NRE RK Singh last week, is in accordance with Prime Minister's announcement at COP26, of achieving 500 GW of installed electricity capacity from nonfossil fuel (renewable energy + nuclear) sources by 2030.
India currently has a total renewable energy capacity of 169 GW (as on 28 February 2023) with about 82 GW at various stages of implementation and about 41 GW under tendering stage.
This story is from the April 06, 2023 edition of Financial Express Mumbai.
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This story is from the April 06, 2023 edition of Financial Express Mumbai.
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