India to achieve its aim of 500 gw of sustainable energy

29 Apr 2023 CW Team

In order to make more headway toward its 2030 clean power target, India will more than increase the capacity of the auctions used to distribute renewable energy projects.

According to a new federal government roadmap, agreements will be reached on the installation of 50 gigawatts worth of solar and wind projects from now until March 2024. In the previous five fiscal years, there were annual auctions for an average of 15 gigawatts.

To meet a target of 500 gigawatts of renewable energy generation capacity by 2030, which will also include hydroelectric and nuclear plants, the country is speeding up project installations. The need for fresh investment has been highlighted by the rising need for power, but projects in India face difficulties like high lending rates and competition from industrialized countries giving green subsidies.

According to Rohit Gadre, a BNEF analyst, delivering additional renewable energy projects will also require enough land to locate the installations and long-term consumers for the electricity generated. Those factors are “critical to the success of the plan, failing which the tenders will likely end up being under-subscribed,” Gadre said.

While there is increased interest in contracts from the commercial and industrial sector, rising energy demand is encouraging some governments to pursue new long-term renewable power arrangements to supplement current coal-fired capacity.

The government's calendar indicates that India intends to offer 15 gigawatts of projects for auction in each of the first two quarters of the fiscal year, which started this month, and around 10 gigawatts in each of the two following quarters. The auctions will be administered for the government by state-owned power firms Solar Energy Corp. of India Ltd., NTPC Ltd., NHPC Ltd., and SJVN Ltd.

The program "will give developers visibility," according to Subrahmanyam Pulipaka, CEO of the National Solar Energy Federation of India, a trade association. "There will inevitably be more traction."

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

In order to make more headway toward its 2030 clean power target, India will more than increase the capacity of the auctions used to distribute renewable energy projects. According to a new federal government roadmap, agreements will be reached on the installation of 50 gigawatts worth of solar and wind projects from now until March 2024. In the previous five fiscal years, there were annual auctions for an average of 15 gigawatts. To meet a target of 500 gigawatts of renewable energy generation capacity by 2030, which will also include hydroelectric and nuclear plants, the country is speeding up project installations. The need for fresh investment has been highlighted by the rising need for power, but projects in India face difficulties like high lending rates and competition from industrialized countries giving green subsidies. According to Rohit Gadre, a BNEF analyst, delivering additional renewable energy projects will also require enough land to locate the installations and long-term consumers for the electricity generated. Those factors are “critical to the success of the plan, failing which the tenders will likely end up being under-subscribed,” Gadre said. While there is increased interest in contracts from the commercial and industrial sector, rising energy demand is encouraging some governments to pursue new long-term renewable power arrangements to supplement current coal-fired capacity. The government's calendar indicates that India intends to offer 15 gigawatts of projects for auction in each of the first two quarters of the fiscal year, which started this month, and around 10 gigawatts in each of the two following quarters. The auctions will be administered for the government by state-owned power firms Solar Energy Corp. of India Ltd., NTPC Ltd., NHPC Ltd., and SJVN Ltd. The program will give developers visibility, according to Subrahmanyam Pulipaka, CEO of the National Solar Energy Federation of India, a trade association. There will inevitably be more traction. See also: NTPC and IOCL reach an agreement to establish renewable energy projects Tripura Govt and NTPC REL sign agreement to build green energy projects

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Infrastructure Urban

26 Jun 2026

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..