The government has fallen short in its fourth green energy auction (GEA-4), securing bids for 9,423 MW of renewable capacity, or only 88% of the 10,653 MW goal. The auction covered solar (ground, rooftop, floating), onshore wind, and integrated solar with energy storage systems.
While demand for ground-mounted solar was strong, installation goals for floating solar, wind, and storage-linked projects were largely unmet. The Department of Energy (DOE) is preparing two more auctions this year, including offshore wind and waste-to-energy, to close the gap.
Projects awarded under GEA-4 are expected to begin operations between 2026 and 2029, in line with government targets to raise renewables’ share of the power mix to 35% by 2030 and 50% by 2040 (currently at 22%).
What this means for you: Consumers may need to wait a little longer for renewable energy to bring down electricity costs. But continued auctions mean the shift to cleaner power is still on track—eventually promising lower bills, more stable supply, and a greener grid.