Report / Case study

India Country report

author(s) Rustagi, V. - Chadha, M.
from UK Foreign, Commonwealth & Development Office (FCDO)
permalink open
themes
regions
  • Southern Asia
  • Asia
  • World
citation

Vinay Rustagi and Mridul Chadha (2020) India Country report. Energy and Economic Growth (EGG) Programme

Publications and datasets provided via GARDIAN

Abstract

India has one of the world’s oldest and largest renewable energy (RE) auction programmes. As early as 2010, competitive bids were invited for utility-scale solar photovoltaic (PV) projects as part of the country’s National Solar Mission, which set out to install 100 GW of solar PV by 2022. Since then, the RE sector has grown fast. Driven mainly by falling costs, renewables accounted for 23.5 per cent of installed capacity and 10 per cent of total power output by early 2020 – increasing from 13 and 5 per cent respectively in 2015. In this report, the authors focus primarily on the design, implementation and results of RE auctions run by Solar Energy Corporation of India (SECI) between January 2017 and June 2020. They provide an overview of the country’s power sector, describe the RE auction programme, the bidding process and the results of the auctions. The main lessons learned and some recommendations are outlined and their conclusions. This research is part of the Energy and Economic Growth (EGG) Programme

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