Renewable energy projects of 40 GW fail to find buyers for green power

A senior official said, pausing more tenders was "seriously considered" till pending PPA/PSAs are signed, but no final decision was taken

Close to 40 gigawatts (Gw) of renewable energy (RE) projects tendered by four Renewable Energy Imple­mentation Agencies (REIAs) designated by the Ministry of New and Renewable Energy  (MNRE) have failed to find buyers for their green power.

  These projects, awarded by RE tendering nodal agency SECI and state-run power generators NTPC, NHPC, and SJVN, are pending for more than a year as no state has come forward to sign power sale agreements (PSAs), according to a presentation at an MNRE review meeting on February 5. Bidding guidelines stipulate that a ‘letter of allocation’ (LoA) should be awarded 180 days of the