India has set an ambitious target of achieving net zero emissions by 2070. To meet this objective, India has pledged to, inter alia, achieve 500 GW of installed electricity (about 50 per cent of cumulative installed power) from non-fossil fuel sources by 2030 as part of its NDCs under COP26.
It is a tall order for a country which currently has a total renewable energy capacity of 176.49 GW [1]. As a step towards meeting the targeted capacity addition, in April 2023, the Government declared the bidding trajectory for renewable energy by announcing its decision to invite bids of 50 GW of renewable energy annually for the next five years to complement capacities being developed under other schemes of the Government and States, as well as commercial and industrial segments under the open access regime.
