Annual bidding for 50 GW green energy to start this fiscal year
The government will invite bids for 50 GW of renewable energy capacity, including at least 10 GW of wind power, annually for five years starting FY24, the Ministry of New and Renewable Energy said on Wednesday. The plan aims to achieve 500 GW of installed electricity capacity from non-fossil fuel sources by 2030. The total renewable energy capacity is almost 169 GW, which includes 64.38 GW solar, 51.79 GW hydro, 42.02 GW of wind and 10.77 GW of bio sources. Around 82 GW of projects are at various stages of implementation and 41 GW are under the tendering stage.
