MNRE releases bidding trajectory for renewable energy projects

The Ministry of New and Renewable Energy (MNRE) has prescribed the trajectory for renewable power bids to be issued by renewable energy implementing agencies (REIAs), considering the target of achieving 500 GW of installed capacity from non-fossil sources by 2030, and the time required for commissioning of renewable energy projects.

The bids for renewable energy capacity of 50 GW per annum, with at least 10 GW per annum of wind energy capacity are to be issued each year from 2023-24 to 2027-28. For 2023-24, the bids for renewable energy capacity of 50 GW should be issued in such a manner that atleast 15 GW are issued in the first and second quarter, and atleast 10 GW are issued in the third and fourth quarter. The bids for aforesaid trajectory may consist of solar, wind, solar-wind hybrid, round-the-clock renewable energy power, with or without storage, or any other combination. The year-wise targeted bid capacity will be allocated among the REIAs by the government.

Click here to read the trajectory