India halts annual clean energy tender targets
pre-market1 source ↓written by the desknot a recommendation
- annually
- 50 GW
- were tendered last
- 15 GW
- unsold projects
- 43 GW
India has decided to stop setting yearly targets for renewable energy tenders, a significant shift in its clean energy strategy. Previously, the goal was to auction 50 GW annually, but only 15 GW were tendered last year due to a backlog of 43 GW unsold projects. Future auctions will depend on actual demand from state utilities.
Not investment advice. For informational purposes only.