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
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?