India’s renewable energy sector faces challenges despite record 73 GW tenders in 2024
India’s renewable energy sector is grappling with execution challenges despite issuing a record 73 GW of utility-scale renewable energy tenders in 2024. According to a report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics, weak demand for tenders, project cancellations, and delays in power sale agreements (PSAs) could slow progress toward India’s goal of 500 GW of non-fossil power capacity by 2030. While India exceeded the Ministry of…