India To Auction 100 GW of Green Energy Contracts

India’s Ministry of New and Renewable Energy announced that it will award a 100 gigawatts (GW) of solar and wind contracts by March 2020. 77 GW of the total will be awarded for solar power projects. Having set a target of 175 GW of clean energy capacity by March 2022, the government’s strategy is to complete the bid process by March 2020.

Image of wind turbines and solar panels

Of the targeted 175GW of clean energy capacity by 2022, 100GW will come from solar projects. Of this, 60GW will be from ground-mounted, grid-connected projects, and 40GW will come from solar rooftop projects, reports the Mint. Wind power projects will contribute 60 GW; 10 GW will be generated by hydro power; and 5 GW through biomass-based power projects.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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