India will tender 60 MW of solar and 20 GW of wind capacity in 2018/19 and 2019/20 , as it works toward installing 175 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 allow ample time to complete the projects by the target date . The bidding process has brought down costs , the ministry also said , with the lowest solar tariff so far submitted in July at USD / kWh ( $ 0.03 ) . Overall, it says that renewable energy accounted for 21% of the country’s cumulative installed energy capacity (347.37 GW), with 101.83 billion units of renewable power generated during the year 2017-18. India currently has about 73.35 GW of renewable capacity , the fifth highest worldwide .
India will tender 60 MW of solar and 20 GW of wind capacity in 2018/19 and 2019/20 , as it works toward installing 175 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 allow ample time to complete the projects by the target date . The bidding process has brought down costs , the ministry also said , with the lowest solar tariff so far submitted in July at USD / kWh ( $ 0.03 ) . India currently has about 73.35 GW of renewable capacity , the fifth highest worldwide .