Utility-scale renewable energy tendering trends in India

Large-scale renewable energy projects in India have been the focus of intense interest from both domestic and international players, as evidenced by tender issuances crossing a record 69 gigawatts (GW) on the back of a strong push by the central government, according to a new joint report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics. The report highlights that the tenders issued for utility-scale renewable energy projects in FY2023 was much higher than the government’s seemingly ambitious target of 50GW.