, India

Renewable energy tenders in India are ‘off-track’: report

This could hold back its pursuit to reach its 2030 target.

Variable renewable energy tenders in India fell to about 28 gigawatts in 2022, down from 40GW in 2019, a report found. 

In a joint report, the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics found that this is below the level required for India to achieve its 450GW target. 

“Currently, renewable energy tendering activity is off-track. To reach the 2030 target, India will need to open renewables tenders for at least 35GW annually,” co-author Vibhuti Garg, Director, South Asia, IEEFA, said.

“But with tendering authorities looking to design tenders that balance the needs of the developers and the electricity distribution companies (DISCOMs), more than 35GW per year, although ambitious, is attainable. It is now important that Solar Energy Corporation of India (SECI), NTPC and state agencies deploy their tendering experience to implement viable and innovative tenders in the renewable energy space.

Read more: Carbon emissions in India to increase by 36% in 2030

Moreover, the report noted that the decline in annual tender issuance is linked to the shift in the preference of state electricity DISCOMS to wind-solar hybrid projects or renewable energy projects that come with energy storage from plain vanilla solar and wind projects.

 

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

India’s Rajasthan and Gujarat need policy reforms to fuel RE transition
Some steps they could take are implementing green tariffs and setting infrastructure funds.
Global clean energy tech market to hit $2t by 2035
This is fuelled by investments as countries aim to enhance energy security.The global clean energy technology market is projected to grow from $700b in 2023 to over $2t by 2035, nearing the scale of the crude oil market, according to the International Energy Agency (IEA).This growth is fuelled by significant investments in clean technology manufacturing as countries aim to enhance energy security, maintain economic competitiveness, and cut emissions. Investment is concentrated in regions with established positions in clean energy, particularly China, the European Union, the UK, and increasingly, India.Whilst the US, EU, and India have taken measures to support their clean energy sectors, China is expected to remain the world's manufacturing hub. By 2035, China's clean technology exports are forecasted to exceed $340b—comparable to projected oil export revenues from Saudi Arabia and the UAE.Southeast Asia, Latin America, and Africa contribute less than 5% of global cleantech production value, yet the IEA suggests that these areas still hold opportunities within the clean energy economy. Developing economies, for instance, could leverage competitive advantages to advance in the value chain beyond resource extraction.The IEA said Southeast Asia could become one of the most cost-effective regions for producing polysilicon and wafers for solar panels over the next decade.

Exclusives

Coal-dependent ASEAN told to scale up RE generation
A regional power grid could help governments in their renewable energy transition.
Indonesia told to tap communities in clean energy transition
Solar and wind power managed by villages could generate 96 million jobs over 25 years.
Indonesia to add 90 MW geothermal capacity
Three power plants in West and East Java and North Sumatra will start operating this year.