+
India's Renewable Bids Reach 69GW in FY2024
POWER & RENEWABLE ENERGY

India's Renewable Bids Reach 69GW in FY2024

India has witnessed a significant surge in renewable energy bids, reaching 69 gigawatts (GW) in the fiscal year 2024. This remarkable increase comes despite market uncertainties and reflects the country's commitment to accelerating its transition towards renewable sources of power.

The renewable energy sector in India has been experiencing rapid growth, driven by favourable policies, declining costs, and increasing environmental awareness. Despite challenges such as supply chain disruptions and regulatory uncertainties, the resilience of the sector is evident through the substantial volume of bids received.

The surge in renewable energy bids indicates a growing investor confidence in India's renewable energy market and underscores the potential for further expansion in the sector. The government's ambitious renewable energy targets and supportive policy framework have played a crucial role in attracting investments and driving momentum in the industry.

Renewable energy has emerged as a key driver of India's energy transition, offering sustainable solutions to meet the country's growing electricity demand while reducing carbon emissions. The surge in bids reflects the alignment of market dynamics with India's renewable energy goals and signals a positive trajectory for the sector's growth in the years to come.

As India continues to prioritise renewable energy development, stakeholders across the industry value chain are expected to capitalise on the opportunities presented by the growing demand for clean energy solutions. The surge in bids not only underscores India's renewable energy ambitions but also highlights the sector's potential to contribute significantly to the country's energy security and sustainability objectives.

India has witnessed a significant surge in renewable energy bids, reaching 69 gigawatts (GW) in the fiscal year 2024. This remarkable increase comes despite market uncertainties and reflects the country's commitment to accelerating its transition towards renewable sources of power. The renewable energy sector in India has been experiencing rapid growth, driven by favourable policies, declining costs, and increasing environmental awareness. Despite challenges such as supply chain disruptions and regulatory uncertainties, the resilience of the sector is evident through the substantial volume of bids received. The surge in renewable energy bids indicates a growing investor confidence in India's renewable energy market and underscores the potential for further expansion in the sector. The government's ambitious renewable energy targets and supportive policy framework have played a crucial role in attracting investments and driving momentum in the industry. Renewable energy has emerged as a key driver of India's energy transition, offering sustainable solutions to meet the country's growing electricity demand while reducing carbon emissions. The surge in bids reflects the alignment of market dynamics with India's renewable energy goals and signals a positive trajectory for the sector's growth in the years to come. As India continues to prioritise renewable energy development, stakeholders across the industry value chain are expected to capitalise on the opportunities presented by the growing demand for clean energy solutions. The surge in bids not only underscores India's renewable energy ambitions but also highlights the sector's potential to contribute significantly to the country's energy security and sustainability objectives.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?