India’s plans for a sharp increase in renewable capacity auctions will put “a lot of pressure” on the industry to scale up quickly, the head of one of the largest clean energy providers has said.
India will start auctioning 50 gigawatts of solar and wind power capacity for the country’s electricity grid annually until 2028, more than doubling the current pace.
Sumant Sinha, chief executive of ReNew, welcomed the proposal outlined by India’s renewable energy ministry. But he noted that renewable companies were already stretched trying to keep up with existing work.
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