The Indian Government has announced that it will issue tenders for the installation of 250 GW of new renewable power generation capacity by March 2028. It plans to cut its CO2 emissions by 45 per cent from 2005 levels.
India missed its target to install 175 GW in renewable energy capacity by 2022, having only installed 122 GW. Its current ambitious objective is to install 500 GW of non-fossil capacity, which includes nuclear and renewable energy, by 2030.
India will issue tenders to install 15 GW of renewable energy capacity in each of the first two quarters of fiscal year 2023/24, followed by bids for 10 GW in each of the last two quarters. Out of the targeted 50 GW in new green energy tenders over the year, 10 GW will be for installation of wind turbines.