The India government is planning to add 50 percent manufacturing component in renewable project tenders – putting tough conditions for bidders.
Union Power Minister R K Singh also said that the renewable project developers will be asked to manufacture storage system in India, PTI reported.
“We are going to come out with bigger bids, but our future bids will be tagged along with manufacturing. We will bid out capacity plus the commitment to manufacture (solar cells) up to 50 percent of the capacity,” he said.
The government will also begin floating tenders for power storage, and these will be added in a phased manner. “We are going to be one of the biggest markets of storage in the world. We will add storage to the bid gradually. There will also be an obligation to manufacture storage system up to a certain percentage.”
India is focused on adding 175 giga watt (GW) of renewable energy by 2022, with around 70 GW of renewable energy capacity already created. India has pledged in 2015 that by 2030, 40 per cent of its installed capacity will come from renewables.
India has already crossed the 30 per cent mark with the addition of 45 GW of hydro power capacity. “By 2030, about 53 or 55 percent of installed power generation capacity will be renewables,” Singh said.
According to the government, India’s renewables sector has received around $42 billion in investment in the over the last four years. The government has also added around 7.5 million renewable energy consumers till date.