Indian government released on Monday in a memo that the country will release tenders for green energy projects with the capacity of 250 gigawatts (GW) by March 2028.
The memo cited 15GW of renewable energy capacity will be installed, each in the first two quarters of this fiscal year.
This will be followed by bids for 10GW in the next two quarters, according to Reuters. An annual target of 50GW is set, with 10GW devoted for wind turbines installation.
The share of renewable energy in India’s electricity production between 2019 and 2022 increased from 9.4 percent to 11.6 percent.
Solar energy accounts to half of India’s renewable energy capacity, while wind energy amounts to about a third.
India missed its 2022 target of installing 175GW renewable energy capacity. Instead, it hopes to increase non-fossil capacity to 500GW by 2030.
India is currently the world’s third-largest greenhouse gas emitter, with coal constituting over 50 percent of its power generation capacity.
Government data announced on February, however, stated non-fossil capacity currently amounts to more than 175GW.