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Cloud over RE
Business Standard
|February 11, 2025
Green energy is a victim of its own success
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One reason India may miss the February 10 deadline for submitting its third round of climate-action plans under the Paris Agreement or upgrade its targets may lie in a cloud over adopting renewable energy (RE).
As reported by this newspaper on Monday, RE projects of 40 Gigawatts (GW), tendered by four government-designated Renewable Energy Implementation Agencies (REIAs), have failed to find buyers.
A February 5 review meeting of the Ministry of New and Renewable Energy revealed that these projects, awarded by RE-tendering agency Solar Energy Corporation of India (SECI) and state-owned generators NTPC, NHPC, and SJVN, have been pending for over a year because no state government has opted to sign power-sale agreements (PSAs) with the RE generator.
The pending tenders amount to just under half the 94 GW of RE-project bids issued by the four agencies in 2023-24.
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