From pv journal India
India’s Energy Minister RK Singh stated the federal government has determined to just 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 embody not less than 10 GW of wind initiatives per 12 months.
The Ministry of New and Renewable Vitality (MNRE) finalized the plan in a current assembly chaired by the facility minister. The plan is in keeping 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 beneath varied 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 provision chain extra effectively,” stated Singh.
The ability ministry additionally declared a quarterly bid plan for fiscal 2023-24. This may embody bids for not less than 15 GW of renewable vitality capability in every of the primary and second quarters of the fiscal 12 months, and not 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 may obtain bids. The ministry additionally determined to permit SJVN, a public sector enterprise beneath the federal government of India, to function one.
The focused bid capability for fiscal 2023-24 shall be allotted to 4 REIAs. REIAs shall be allowed to carry 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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