India issues 11,098 MW in renewable energy tenders

06 Nov 2024 CW Team

India’s renewable energy (RE) sector recorded substantial growth in October 2024, with 16 new tenders for a cumulative capacity of 11,098 MW issued, according to JMK Research’s Market Intelligence report. Major issuers included NHPC, which floated a 1,200 MW solar tender for ISTS connectivity, and NTPC, which launched a 1,200 MW wind-solar hybrid tender with an additional 600 MW capacity under a greenshoe option. SECI also issued bids for 1,200 MW of round-the-clock RE power through ISTS connections. The report highlights a continued expansion in RE installed capacity. From January to September 2024, the country added 17,444 MW of solar and 2,626 MW of wind capacity, reaching a cumulative RE capacity of 201.46 GW. In September alone, about 1,501 MW of combined solar and wind capacity was added. Auction activity remained robust, with a total of 6,316 MW of RE capacity allocated to various developers in October, underscoring India’s push toward green energy. Meanwhile, investment trends in October revealed that India’s RE sector attracted $103 million in new financing, maintaining momentum for project expansions. In the market, the Indian Energy Exchange (IEX) recorded stable trading activity, with 33.55 million units traded in the Green Term Ahead Market (GTAM), reflecting consistent demand from the previous month. The report also noted a slight 1.18% decline in domestic Mono PERC module prices in October. Policy developments for the month were significant, with 10 central and 12 state-level policy notifications, regulations, and orders issued, pointing to a regulatory environment actively supporting RE growth.>

Building Material

15 Oct 2025

Centre Plans Easier Green Clearances for New Airports

The central government is preparing to streamline environmental clearance procedures for airport projects to accelerate infrastructure development across the country. According to officials, the Ministry of Civil Aviation (MoCA) is working with the Ministry of Environment, Forest and Climate Change (MoEFCC) to establish a single-window mechanism for faster approval of greenfield and brownfield airports. The proposal seeks to reduce the time required for obtaining environmental clearance by simplifying inter-ministerial coordination and standardising assessment parameters. The move is part of ..

Beer Makers Urge Import Relaxation Amid Aluminium Can Shortage

India’s domestic beer manufacturers have urged the government to relax import rules and cut duties on aluminium cans as the industry faces a severe shortage of packaging material. The shortage, driven by rising demand and limited local supply, has disrupted production schedules for several breweries. Industry representatives have written to the Ministry of Commerce and the Ministry of Finance, seeking temporary relief through faster import approvals and reduced customs duties. They warn that the situation could impact the availability of beer across key markets during the festive season. A..

India Surpasses Japan as World’s Third-Largest Auto Market

India has overtaken Japan to become the world’s third-largest automobile market, marking a major milestone for the country’s manufacturing and mobility sector. Union Minister for Road Transport and Highways, Nitin Gadkari, credited the achievement to India’s growing production capacity, rising domestic demand, and sustained policy support for localisation and innovation. The country’s vehicle sales and manufacturing output have surged in recent years, positioning it just behind China and the United States. According to industry estimates, India’s automobile sector supports over 3..