From pv journal India
India’s Energy Minister RK Singh mentioned the federal government has determined to simply accept bids for 50 GW of renewable vitality capability yearly from fiscal 2023-24 to fiscal 2027-28. Annual bids to put in renewable vitality capability for the inter-state transmission system can even embrace no less than 10 GW of wind tasks per yr.
The Ministry of New and Renewable Vitality (MNRE) finalized the plan in a current assembly chaired by the facility minister. The plan is in step with India’s goal of 500 GW of put in electrical energy capability from non-fossil gas (renewable vitality and nuclear) sources by 2030.
India has put in 168.96 GW of cumulative renewable vitality capability by February 28, 2023. This contains 64.38 GW of solar energy, 51.79 GW of hydro, 42.02 GW of wind, and 10.77 GW of bio energy. About 82 GW are below numerous phases of implementation and about 41 GW are within the tendering stage.
“The structured bidding trajectory will give RE builders sufficient time to plan their funds, develop their enterprise plans and handle the availability chain extra effectively,” mentioned Singh.
The ability ministry additionally declared a quarterly bid plan for fiscal 2023-24. It will embrace bids for no less than 15 GW of renewable vitality capability in every of the primary and second quarters of the fiscal yr, and no less than 10 GW in every of the third and fourth quarters.
Photo voltaic Vitality Corp. of India (SECI), NTPC, and NHPC are the federal government introduced “renewable vitality implementing businesses” (REIAs) that can obtain bids. The ministry additionally determined to permit SJVN, a public sector enterprise below the federal government of India, to function one.
The focused bid capability for fiscal 2023-24 can be allotted to 4 REIAs. REIAs can be allowed to deliver bids for photo voltaic, wind, solar-wind hybrid capability, and round the clock renewable energy providers with or with out storage.
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