Renewable energy tenders issuance in India not in tandem with government targets

Variable renewable energy tenders issued annually in India have fallen from 40 gigawatts (GW) in 2019 to about 28GW in 2022. This is below the level required for India to achieve its target of 450GW of installed renewable energy capacity by 2030, finds this new joint report from the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics. 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.