MNRE Plans to Bid 60 GW of Solar Capacity by the Year 2020

Projects worth each 30 GW solar power and 10 GW wind power capacity would be bid out each in the year 2018-19 & 2019-20.

To meet the target of achieving 175 GW of renewable energy by the year 2022, the Ministry of New and Renewable energy aims to issue tenders for 60 GW of solar power and 20 GW of wind power by the year 2020.

Projects worth each 30 GW solar power and 10 GW wind power capacity would be bid out each in the year 2018-19 & 2019-20.

This means that the auctioned off projects will have a window of 2 years for completion before the 2022 deadline.

New and Renewable Energy Ministry issued this plan in its year-end review which was recently released.

A total of around 73.35 GW of renewable energy capacity has been installed in the country as on October, 2018 from all renewable energy sources which includes around 34.98 GW from Wind, 24.33 GW from solar, 4.5 GW from Small Hydro Power and 9.54 GW from Bio-power. Further, projects worth 46.75 GW capacity have been bid out/under installation.

A Technology Development and Innovation Policy (TDIP) is also being finalized, the statement said. It is based on a robust ecosystem for support for research, innovation and validation for technology development and demonstration, testing and standardization, awards for innovation linked with start-ups.

India currently stands at 5th Global position for overall installed renewable energy capacity, 4th position for wind power and 5th position for solar power.