Government to Bid Out 50 GW of Solar, Wind, and RTC Projects in FY24

28 Apr 2023 CW Team

The Ministry of New and Renewable Energy (MNRE) has released a bidding calendar by agency for 50 GW of renewable energy projects for the current fiscal year (FY 2023-24).

The calendar calls for 30 GW of renewable capacity in the first two quarters and 20 GW in the last two.

SECI and NTPC will each issue tenders for 12.5 GW of solar/hybrid/round-the-clock (RTC) and 2.5 MW of wind projects. Tenders will be issued by NHPC and SJVN for 7.5 GW of solar/hybrid/RTC projects and 2.5 MW of wind projects, respectively.

The bids will be solicited in accordance with the government's standard bidding guidelines and the MNRE's instructions for renewable energy tenders.

MNRE has stated that it will issue renewable project bids worth 50 GW per year during fiscal years 2024-28, with at least 10 GW of wind tenders.

Renewable project developers have frequently petitioned the government for a predictable bidding trajectory in order to mitigate project risks, allow for more efficient financial planning and supply chain management, and provide better visibility and certainty for upcoming tenders.

They claim that the current haphazard tendering processes used by the federal and state governments make it difficult to plan finances and secure component supplies at competitive prices.

India has set ambitious renewable energy targets in order to combat climate change and reduce reliance on fossil fuels. The government has pledged to source 50% of its installed power capacity from non-fossil fuel-based energy sources by 2030 and reducing the emissions intensity of its GDP by 45% compared to 2005 levels.

Further, MNRE has been working to achieve 500 GW of installed electricity capacity from non-fossil sources by 2030, which includes 280 GW of solar. As of February 2023, India’s renewable energy installed capacity stands at nearly 169 GW, with 82.6 GW under implementation and 40.89 GW under the tendering process.

Also Read
Operations of construction waste plant in Rajarhat to begin operations
As demand for LCV rises, Mahindra & Mahindra to increase production

The Ministry of New and Renewable Energy (MNRE) has released a bidding calendar by agency for 50 GW of renewable energy projects for the current fiscal year (FY 2023-24). The calendar calls for 30 GW of renewable capacity in the first two quarters and 20 GW in the last two. SECI and NTPC will each issue tenders for 12.5 GW of solar/hybrid/round-the-clock (RTC) and 2.5 MW of wind projects. Tenders will be issued by NHPC and SJVN for 7.5 GW of solar/hybrid/RTC projects and 2.5 MW of wind projects, respectively. The bids will be solicited in accordance with the government's standard bidding guidelines and the MNRE's instructions for renewable energy tenders. MNRE has stated that it will issue renewable project bids worth 50 GW per year during fiscal years 2024-28, with at least 10 GW of wind tenders. Renewable project developers have frequently petitioned the government for a predictable bidding trajectory in order to mitigate project risks, allow for more efficient financial planning and supply chain management, and provide better visibility and certainty for upcoming tenders. They claim that the current haphazard tendering processes used by the federal and state governments make it difficult to plan finances and secure component supplies at competitive prices. India has set ambitious renewable energy targets in order to combat climate change and reduce reliance on fossil fuels. The government has pledged to source 50% of its installed power capacity from non-fossil fuel-based energy sources by 2030 and reducing the emissions intensity of its GDP by 45% compared to 2005 levels. Further, MNRE has been working to achieve 500 GW of installed electricity capacity from non-fossil sources by 2030, which includes 280 GW of solar. As of February 2023, India’s renewable energy installed capacity stands at nearly 169 GW, with 82.6 GW under implementation and 40.89 GW under the tendering process. Also Read Operations of construction waste plant in Rajarhat to begin operations As demand for LCV rises, Mahindra & Mahindra to increase production

Resources

13 May 2026

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Technology

13 May 2026

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Infrastructure Urban

13 May 2026

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..