Indian Solar Tariffs Go Down Again In 750 MW Auction
SECI Auctions 750 MW Solar Power Capacity To Be Deployed Across Rajasthan To 5 Developers Securing Lowest Winning Bid Of INR 2.48 ($0.0349)/kWh: Mercom
Fortum Solar and ACME Solar each won 250 MW in the 750 MW SECI auction, while Palimarwar Solar won 40 MW and Sitara Energy 100 MW, all for INR 2.48 ($0.0349) per kWh. ReNew Power quoted the highest winning bid of INR 2.49 ($0.0351) per kWh.
India Approves 14 MW PV+42 MWh Storage Project
President Of India Grants Approval To 14 MW Solar PV+42 MWh Energy Storage Capacity To Be Developed In Leh & Kargil Districts; SECI To Select Developers For VGF Supported Projects With Fixed Tariff Of INR 2.00/kWh
The 14 MW solar PV and 42 MWh of storage capacity for Jammu & Kashmir approved by the Indian President, will be developed on various sites within the districts of Leh and Kargil. Pictured are wild tulips in Suru Valley in Kargil.
Only 2 Bidders For SECI’s Wind-Solar Auction
Solar Energy Corporation Of India (SECI) Receives INR 2.67 ($0.03794)/kWh As Lowest Bid From SoftBank’s SB Energy For 450 MW Under Wind-Solar Hybrid Power Auction; Adani Green Winning Bid Of INR 2.69 ($0.03822)/kWh Awarded 390 MW
Both winning bids (L1 & L2) in SECI’s wind-solar hybrid tender were lower than the ceiling cap of INR 2.70 ($0.03836) per kWh, according to Mercom India Research..
MNRE Wants Tariff Cap For PV Projects In India
SECI Receives Instructions From MNRE To Cap Utility Scale Solar Power Tariffs At INR 2.50/kWh Sans Safeguard Duty; And At INR 2.68 /kWh With Safeguard Duty
Mercom believes fixing maximum tariff levels for utility scale solar power projects may not be a good idea for developers as such caps do not take into account changing market needs.
SECI Cancels 3 GW Auction, Partially
Barring ACME Solar’s 600 MW Win For 2.44 INR/kWh In Recent 3 GW Auction, SECI Cancels Rest
India has not too much time left to achieve its 100 GW solar power capacity target which it plans to do by 2022. Hard pressed for time, as of recently it is scrapping big auctions citing too high tariffs offers by the tender winners.
SECI Tenders 750 MW In Rajasthan
Solar Power Projects With Total of 750 MW At Bhadla Solar Park Tendered With Ceiling Tariff Of 3.43 INR/kWh To Supply power To Neighboring Uttar Pradesh
Solar power auction activity in India that had slowed down post the Rewa Solar Power Park auction and the government decision to reconsider all tenders with domestic content requirement is showing signs of recovery now.
8.5 GW Technical Bids For 750 MW SECI Tender
India’s 750 MW Tender For Bhadla Solar Park In Rajasthan 12 Times Oversubscribed
A tender for 750 MW solar power capacity at Bhadla Solar Park in Rajasthan has received huge interest with more than 8,500 MW in technical bids. This means that the tender was oversubscribed by 12 times, according to Mercom Capital Group.
India Terminates 150 MW Local Content PV Tender
SECI Cancels 150 MW Bid for Local Content Part Of Bhadla Solar Park In Rajasthan, Likely Due To WTO Ruling
The Solar Energy Corporation of India (SECI) has terminated the a tender for the so-called Domestic Content Requirement (DCR) category of the Bhadla Solar Park in Rajasthan. DCR project need to use domestically made cells and modules.
Record Low Tariff Expected For Rewa Solar Project
IFC Funded Solar Power Project Likely To Fetch ‘Substantially’ Below $0.059 per kWh Tariff
The 750 MW Rewa solar power tender floated by the State Government of Madhya Pradesh is likely to see solar tariffs to come ‘substantially’ below 4.00 INR per kWh ($0.059).
2 MW PV Tender For Kolkata Port Trust
SECI Tender To Develop Solar Power Plant At Haldia Dock Complex Premises In Kolkata
One of the oldest ports in India developed by the British regime in 1870, Kolkata Port Trust has taken on the target to develop 2.3 MW of PV capacity, which is now being tendered by SECI.
SECI Preparing Tenders For 2.3 GW
Indian Agency SECI Will Continue To Require Domestic Content Products For Parts Of Upcoming Tenders
AS SECI is preparing another 2.3 GW of solar to be tendered in India, the agency says it will continue to specify that parts of the solar projects capacity will need to source domestic content.
New Record-Low Benchmark PV Tariff in India
Reserve Price For 750 MW Solar Power Tender Reduced By 11% To 4 INR
As per India's Ministry of New and Renewable Energy (MNRE) directives, all VGF solar power projects will now be tendered with a reserve price of 4.00 INR per kWh, as against 4.50 INR per kWh earlier..
Rays Power 100 MW Project
Indian Developer Rays Power Begins Work On 100 MW PV Plant In Uttarakhand
Indian solar power project developer Rays Power Infra Pvt Ltd has launched a 100 MW project in the hilly state of Uttarakhand. This happens to be its biggest project so far, the previous was a 55 MW PV project in the state of Uttar Pradesh.
MNRE Issues New Tariff Guidelines
Power From All Solar Projects Under SECI Handled VGF Scheme To Be Sold At $0.06 to $0.07 Per kWh
The Indian Ministry of New and Renewable Energy (MNRE) has fixed the tariff for solar power procurement from PV project developers for one of its support schemes at a lower level.
Karnataka 1 GW Tender & More
Adani Subsidiary Bags Largest Capacity In Karnataka 1,000 MW Tender; Wins Entire 100 MW Capacity In Chhattisgarh
A subsidiary of Adani Group, Parampujya Solar Energy, has emerged as the top grosser in the 1,000 MW solar PV projects tendered in Karnataka under Phase-II, Batch-III of India’s flagship solar program Jawaharlal Nehru National Solar Mission (JNNSM).
Payment Security Fund For India Projects
SECI Releases Draft Scheme For Setting Up $223 Million Fund For VGF Projects Under JNNSM
Increasing concerns from developers about delayed payments for solar park projects from utilities has prompted the Government of India to take steps to address the issue.
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