India to bid 60 GW of solar and 20 GW of wind energy projects by 2020

The Government has declared the trajectory of bidding 60 GW capacity of solar energy and 20 GW capacity of wind energy by March 2020, leaving two years’ time for execution of projects.

A total of about 73.35 GW renewable energy capacity has been installed in the country as of October, 2018, from all renewable energy sources.

A total of around 73.35 GW of renewable energy capacity has been installed in the country as on October, 2018 from all renewable energy sources which includes around 34.98 GW from Wind, 24.33 GW from solar, 4.5 GWfrom Small Hydro Power and 9.54 GW from Bio-power. Further, projects worth 46.75 GW capacity have been bid out/under installation.

Projects worth each 30 GW solar power and 10 GW wind power capacity would be bid out each in the year 2018-19 & 2019-20.

Keeping in view our commitment to a healthy planet and our Nationally Determined Contributions as per the Paris Accord on Climate Change,India made a pledge that by 2030, 40% of installed power generation capacity shall be based on clean sources, it was determined that 175 GW of renewable energy capacity will be installed by 2022.

India attains global 4th and 5th positions in wind and solar power installed capacities; India now at 5th global position for overall installed renewable energy capacity

The Registered lowest ever solar tariffs in India of Rs.2.44per unit in reverse auctions carried out by Solar Energy Corporation of India(SECI) in May 2017, for 200 MW and again in July, 2018, for 600 MW. It also Registered lowest ever wind tariff of Rs.2.43 per unit in a tender of 500 MW project by Gujarat Government in the month of December 2017.

The cumulative renewable energy installed capacity has increased from 35.51 GW as of 31 March 2014 to 73.35 GW as of 31st October 2018(an increase of about 106 per cent).

The capacity addition of over 37.84 GW grid connected renewable power has been achieved during the last four-and-a-half years, whichincludes 21.7 GW from solar power, 13.98 GW from wind power, 0.7 GW from small hydro power and 1.5 GW from bio-power.