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

Coal Ministry Achieves Milestones under Special Campaign 5.0

The Ministry of Coal and its Public Sector Undertakings (PSUs) have achieved notable milestones under the Special Campaign 5.0, focusing on cleanliness, operational efficiency, and sustainability across the coal sector. During the implementation phase from 2–31 October 2025, over 1,205 sites were cleaned, covering 68,04,087 sq ft, nearing the target of 82,51,511 sq ft. Scrap disposal of 5,813 MT against a target of 8,678 MT generated Rs 228.7 million in revenue. In addition, 1,11,248 physical and 30,331 electronic files were reviewed, with 74,123 weeded out or closed. Key initiatives showc..

Next Story
Infrastructure Energy

Vesting Orders Issued for Three Coal Blocks under Commercial Auctions

The Ministry of Coal’s Nominated Authority has issued vesting orders for three coal blocks under commercial coal block auctions on 23 October 2025. The Coal Mine Development and Production Agreements (CMDPAs) for these mines were earlier signed on 21 August 2025. The three blocks include Rajgamar Dipside (Deavnara), Tangardihi North, and Mahuagarhi. Of these, two are partially explored while one is fully explored, with a combined peak rated capacity of around 1 MTPA and geological reserves of approximately 1,484.41 million tonnes. These mines are expected to generate annual revenue of abou..

Next Story
Infrastructure Urban

TEC, IIT-Hyderabad Partner to Boost 6G and Telecom Standards

The Telecommunication Engineering Centre (TEC), technical arm of the Department of Telecommunications (DoT), has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IIT Hyderabad) for joint research and technical collaboration in advanced telecom technologies and standardisation. The partnership focuses on developing India-specific standards and test frameworks for next-generation networks, including 6G, Artificial Intelligence (AI), and Non-Terrestrial Networks (NTNs). It also aims to enhance India’s participation in international standardisation f..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?