Bids for 22.5 GW solar on anvil
POWER & RENEWABLE ENERGY

Bids for 22.5 GW solar on anvil

Competitive bids for around 22.5 GW of new tenders for solar power installations and projects will be floated by Indian authorities by the end of December. Further, other successful bidders continue to be at various phases of commissioning for another 43 GW of solar power capacity.

The bids strengthen the country’s global commitment to increase its reliance on renewable power.

Prime Minister Narendra Modi, while addressing participants at the G-20 summit recently, had said that India is all poised to achieve its objective of 175 GW of renewable energy substantially before the target year of 2022. The country is now undertaking a significant step by looking to accomplish 450 GW by the year 2030, he had said.

At present, India’s solar power capacity rests at a figure of around 35 GW. The government plans on escalating it to about 100 GW in an upcoming couple of years in a bid to achieve its lofty goals as mandated under the National Solar Mission, launched in 2010.

The facilitation of the implementation of the mission and the subsequent regulation of 16.2 GW of tenders is being carried out by the Solar Energy Corporation of India (SECI), that acts as the nodal agency. The corporation will be sealing power purchase agreements (PPA) with the lowest bidders post linking up with distribution companies (discoms) that are state-owned to enable the supply of renewable power.

Competitive bids for around 22.5 GW of new tenders for solar power installations and projects will be floated by Indian authorities by the end of December. Further, other successful bidders continue to be at various phases of commissioning for another 43 GW of solar power capacity. The bids strengthen the country’s global commitment to increase its reliance on renewable power. Prime Minister Narendra Modi, while addressing participants at the G-20 summit recently, had said that India is all poised to achieve its objective of 175 GW of renewable energy substantially before the target year of 2022. The country is now undertaking a significant step by looking to accomplish 450 GW by the year 2030, he had said. At present, India’s solar power capacity rests at a figure of around 35 GW. The government plans on escalating it to about 100 GW in an upcoming couple of years in a bid to achieve its lofty goals as mandated under the National Solar Mission, launched in 2010. The facilitation of the implementation of the mission and the subsequent regulation of 16.2 GW of tenders is being carried out by the Solar Energy Corporation of India (SECI), that acts as the nodal agency. The corporation will be sealing power purchase agreements (PPA) with the lowest bidders post linking up with distribution companies (discoms) that are state-owned to enable the supply of renewable power.

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?