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."

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

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Infrastructure Urban

13 Oct 2025

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Technology

13 Oct 2025

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..