India’s Clean Energy Pipeline Under Stress: Understanding the 42 GW Challenge
India’s Clean Energy Pipeline Under Stress: Understanding the 42 GW Challenge India set an annual target of issuing 50 GW of renewable energy tenders to accelerate capacity addition and strengthen the country’s long-term decarbonisation pathway. The target has been met on paper, with more than 93 GW tendered since FY2024. This surge was intended to build a strong project pipeline, align with future demand, and ensure competitive tariff discovery through high market participation. Despite issuing tenders at unprecedented scale, MNRE’s…