The Centre has declared a plan to add 50 GW of renewable energy capacity annually for next five years to achieve the target of 500 GW by 2030.
Chairing a review meeting recently, Power and New and Renewable Energy Minister R.K. Singh said that the government has decided to invite bids for 50 GW of renewable energy capacity annually for the next five years i.e. from 2023-24 till 2027-28.
These annual bids of inter-state transmission connected renewable energy capacity will also include setting up of wind power capacity of at least 10 GW per annum.
The plan was finalised by the Ministry of New and Renewable Energy during the meeting.
