MNRE Tightens Tender Rules, Curbs Greenshoe in Renewable Energy Bids
The clarification may reduce flexibility for REIAs, but reduce regulatory uncertainty
April 7, 2026
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The Ministry of New and Renewable Energy (MNRE) has reiterated that renewable energy implementing agencies (REIAs) cannot include a greenshoe option in their tenders unless they obtain prior approval from the appropriate electricity regulatory commission.
