Team Blitz India
NEW DELHI: The Central Government achieved 95 per cent of its target of 50 GW for annual renewable energy tendering in 2023-24.
A year ago, the Government announced plans to seek bids for 50 GW of renewable energy capacity each year for five years, from FY24 to FY28. These bids, for Inter-State Transmission (ISIS)-connected renewable energy capacity, also include establishing at least 10 GW of wind power annually.
The Union Minister of New and Renewable Energy (MNRE), R K Singh, indicated that the targeted bid capacity for FY24 would be divided among four renewable energy implementing agencies (REIAs) – NTPC, NHPC, SECI, and SVJN.
These agencies could issue bids for solar, wind, solar-wind hybrid, RTC RE power, etc., with or without storage, based on their assessment of the renewable energy market or government directives.
