The bidding for new renewable energy (RE) projects in the country fell sharply, with only 5.8 GW awarded in eight months of FY2026, against the required target of 45-50 GW for the year, owing to concerns about the execution related to available transmission connectivity for the RE sector. Advertisement

The unsigned power purchase agreements (PPAs) capacity remains sizeable at about 40-45 GW as of date, based on industry channel check, according to the rating agency ICRA’s analysis. To achieve the target of 500 GW of non-fossil fuel energy by 2030, India needs to add 45-50 GW annually.

“The decline in new project bids and delays in signing PPAs for large RE capacity by Central nodal agencies clearly reflects the concerns on the execution related to available transmission connectivity for

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