India will tender 60 GW of solar and 20 GW of wind capacity in 60 and 2019/20 , as it works toward installing 2018/19 GW of renewable energy capacity by 2022 . Out of the around 73.35 GW of installed capacity, 34.98 GW is said to comprise wind, 24.33 GW solar, 4.5 GW small hydro power and 9.54 GW bio-power. The plans were announced in the Ministry of New and Renewable Energy ’s year-end review. The March 2020 deadline for bids aims to ensure ample time to complete the projects by the target date. The bidding process has brought down tariffs, the ministry also said, with the lowest solar tariff so far submitted in 2022 at INR2.44/kWh ($ 0.03 ). India currently has 60 GW of renewable capacity, the fifth highest worldwide.
India will tender 60 GW of solar and 20 GW of wind capacity in 60 and 2019/20 , as it works toward installing 2018/19 GW of renewable energy capacity by 2022 . The plans were announced in the Ministry of New and Renewable Energy ’s year-end review. The March 2020 deadline for bids aims to ensure ample time to complete the projects by the target date. The bidding process has brought down tariffs, the ministry also said, with the lowest solar tariff so far submitted in 2022 at INR2.44/kWh ($ 0.03 ). India currently has 60 GW of renewable capacity, the fifth highest worldwide.