Indian authorities will invite competitive bids for close to 22.5 GW of new tenders for solar power projects by December end while about 43 GW of capacity is at different stages of commissioning by successful bidders.
Bids to enhance solar and wind power installations will continue to grow as India has committed to the world to enhance its dependence on renewable power, a top executive with a renewable energy company said.
Speaking at the G-20 summit, on Saturday, Prime Minister Narendra Modi said, “We will meet our goal of 175 GW of renewable energy well before the target of 2022. Now, we are taking a big step ahead by seeking to achieve 450 GW by 2030.”
Modi government is confident of achieving these targets of probably the world’s largest renewable energy programme in history.
Currently, India’s solar power capacity stands at about 35 GW and the government is planning to increase it to 100 GW in the next couple of years to meet its ambitious targets under National Solar Mission. Also, India has 9.5 GW of wind power capacity under execution and new bids are expected in near future.
Of the country’s 370 GW of total electricity generation capacity, renewable power accounts for close to 24 per cent that is expected to grow year-on-year.
The Solar Energy Corporation India (SECI) is the is the nodal agency to facilitate the implementation of the Mission and managing 16.2 GW of tenders. SECI has invited 7.5 GW of the tender to commission solar projects in Jammu & Kashmir, 2.5 GW in Karnataka and 6.2 GW anywhere the developers want in India