Wednesday, 26 April 2023 12:36

India to triple renewables auctions as 2030 green target looms

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India is accelerating project installations to meet its target of 500 GW of clean energy generation capacity by 2030. The government plans to auction 15 GW of projects in each of the first two quarters of this fiscal year, followed by 10 GW of project accommodation in the subsequent two quarters. The state-run electricity company will conduct the auction for the government. Rising energy demand is prompting some states to consider new long-term renewable energy deals.

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