India will auction 40 GW of renewable energy projects comprising 30 GW solar and 10 GW wind every year for the next 10 years till 2028, indicating huge potential for domestic manufacturers and developers, a senior official said on Saturday.
“We have 30 GW solar energy bidding plan for 2018-19 and 2019-20. This 30 GW auction per annum would continue till 2028. Similarly, we have to auction 10 GW of wind energy for next 10 years till 2028 to meet the power demand of 862 GW by 2030,” New and Renewable Energy Secretary Anand Kumar told reporters at the Global Wind Day celebration by the Indian Wind Turbine Manufacturers Association.
He added, “We have to do 350 GW in solar [to meet demand by 2030], of which 100 GW is planned till 2022. So we have to bid out at least 30 GW each year from 2020 onwards to achieve additional 250 GW.”
‘140 GW of wind energy’
The government’s power projection indicates that India will have to bid out 140 GW of wind energy to meet demand by 2030, he said, adding the country would complete bidding of 60 GW of wind energy by 2020.
“Therefore, we have to do 10 GW every year till 2028 to meet the overall power demand of 862 GW by 2030. India has already achieved 70 GW of renewable energy capacity including 22 GW of solar and 34 GW of wind.”
