India to bid out 500 GW renewable energy capacity by 2028


India to bid out 500 GW renewable energy capacity by 2028

India is planning to bid out 500 gigawatt (GW) of renewable energy generation capacity by 2028 to achieve its goal of 40 per cent electricity generation from non-fossil fuels by 2030, said Anand Kumar, secretary, Ministry of New and Renewable Energy (MNRE), today at the India-Norway Business Summit 2019 in New Delhi.

Of this, 350 GW would come from solar, 140 GW from wind, and the remaining from small hydro, biomass, he added.

“This figure excludes large hydro. If we take large hydro into account the figure will grow to 560 GW to 575 GW. To reach this figure we have to bid out 30 GW of solar energy and 10 GW of wind energy every year,” Kumar said.

He further added that if the country’s Gross Domestic Product (GDP) grows at a rate of 6.5 per cent, the requirement for electricity generation capacity would reach 840 GW by 2030. Read More

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