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Target, policy mismatch: Renewable energy developers set higher hurdles

India's latest tendering target is a case of ambition overtaking the policy environment for doing business

Renewable Energy, Solar Energy
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S Dinakar
Indian developers of renewable energy projects are finding themselves facing progressively higher hurdles each year, raising the question of whether India needs new targets or supportive policies. This month, New Delhi set a new tendering target of 250 gigawatts (Gw) of renewable energy by financial year 2028. On an annual basis, that is over twice the yearly bids that have been called for in the past to set up solar facilities and wind farms.

If India is trying to get to net zero by 2070, and along the way, generate half of its electricity from non-fossil fuels, then 50 Gw

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First Published: Apr 28 2023 | 5:35 PM IST

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