India will triple the number of wind and solar power auctions in a bid to reach a capacity target for 2030, which stands at 500 GW in low-carbon generation capacity, including hydro and nuclear. According to a Bloomberg report, this means that India needs to close deals for the construction of some 50 GW in new wind and solar capacity in the year until March 2024. For context, BloombergNEF says India auctioned 15 GW in wind and solar capacity annually in the last five years. Earlier this month, Reuters reported that India was planning to issue…
