India continues to increase installed solar and wind capacities to increase its reliance on renewable power
India is reportedly planning to launch a tender for the development of up to 22.5GW of solar power projects, by the end of December this year.
Currently, about 43GW of solar projects are at different stages of commissioning by successful bidders, reported Asian News International (ANI).
A top executive with an undisclosed renewable energy company was reported by the news agency as saying that the country will continue to increase its solar and wind power installations to increase its reliance on renewable power.
At the recent G-20 summit, Indian Prime Minister Narendra Modi said: “We will meet our goal of 175GW of renewable energy well before the target of 2022. Now, we are taking a big step ahead by seeking to achieve 450GW by 2030.”
Under the National Solar Mission, India aims to increase its installed solar capacity from the current 35GW to 100GW in the next couple of years.
SECI is managing 16.2GW of solar tenders
The nodal agency responsible for the implementation of the National Solar Mission, Solar Energy Corporation India (SECI) is managing 16.2GW of solar tenders.
SECI has already floated tenders inviting bids to build 7.5GW of solar projects in Jammu & Kashmir, 2.5GW in Karnataka and 6.2GW across India, according to ANI.
SECI will select the preferred bidders and sign power purchase agreements (PPA) to supply renewable power, following tying up with state-owned power distribution companies.
Addressing 8th Convocation Ceremony of Pandit Deendayal Petroleum University at Gandhinagar, Modi said: “I have formed the International Solar Alliance, which has 80-85 member countries.
“They have become a part of the movement in the entire world. Since it was done with clean heart conviction, the result is that India is making giant strides as far as solar power is concerned. Today, the price per unit has gone down to less than INR 2 from INR12-13.”