New Delhi, Sept. 18 -- The government is likely to invite fresh bids for about 40 gigawatts (GW) of stalled renewable energy projects that have not progressed due to the absence of power purchase agreements (PPAs), according to official sources. These projects include both solar and wind energy capacities.

Currently, the winners of these tenders are in talks with distribution companies (discoms), who are potential buyers of the power. However, no financial losses have been incurred as no investments have been made yet.

Only price discovery has taken place so far, with solar tariffs ranging between Rs 2.38 and Rs 2.56 per unit, and wind tariffs between Rs 3.70 and Rs 3.90 per unit.

Officials said that if marketing efforts fail, the gove...