India will tender 60 GW 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 government has also set a target to install 100 GW of rooftop PV systems over the next five years, which would be enough for all households in India. Solar projects of aggregate capacity 4195 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 July at INR2.44/kWh ($0.03). India currently has about 73.35 GW of renewable capacity, the fifth highest worldwide.
India will tender 60 GW 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 government has also set a target to install 100 GW of rooftop PV systems over the next five years, which would be enough for all households in India. 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 July at INR2.44/kWh ($0.03). India currently has about 73.35 GW of renewable capacity, the fifth highest worldwide.