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					</table>Solar auctions during the calendar year 2023 witnessed an 82% year-over-year (YoY) growth, with 22.2 GW projects auctioned, according to <a href="https://mercomindia.com/research-2/" target="_blank" rel="noopener">Mercom India Research</a>.
Falling module prices, streamlined balance of system (BoS) and modules&#8217; supply, and stable BoS prices drove the auction activity in 2023.
Solar tender activity in 2023 surged by 50% YoY, with multiple entities announcing tenders totaling over 57 GW.
The year saw an increase in the capacity of solar projects tendered by the implementation agencies to <a href="https://www.mercomindia.com/agencies-tender-35-51-gw-renewables-fy24-trajectory" target="_blank" rel="noopener">meet</a> the targets specified under the bidding trajectory notified by the Ministry of New and Renewable Energy (<a href="https://mnre.gov.in/" target="_blank" rel="noopener">MNRE</a>).
<img loading="lazy" decoding="async" class="aligncenter wp-image-62867 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/Solar-Tenders-and-Auctions-2023-Chart.png" alt="Solar Tenders and Auctions 2023 Chart" width="725" height="486" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/Solar-Tenders-and-Auctions-2023-Chart.png 725w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/Solar-Tenders-and-Auctions-2023-Chart-300x201.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/Solar-Tenders-and-Auctions-2023-Chart-650x436.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/Solar-Tenders-and-Auctions-2023-Chart-624x418.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/01/Solar-Tenders-and-Auctions-2023-Chart-600x402.png 600w" sizes="(max-width: 725px) 100vw, 725px" />
The tender and auction activity covered by Mercom India comprises large-scale standalone solar and wind-solar hybrid projects. For wind-solar hybrid tenders, the solar capacity is calculated at a ratio of 67% of the total tendered hybrid capacity in places where specific solar capacities are not mentioned.
Top Agencies Issuing Tenders
<a href="https://www.ntpc.co.in/" target="_blank" rel="noopener">NTPC</a> invited bids totaling 7.1 GW, the highest in the year. Solar Energy Corporation of India (<a href="https://www.seci.co.in/" target="_blank" rel="noopener">SECI</a>) issued tenders totaling nearly 7 GW. The bid invitations by the agencies rose almost 358% and over 55%, respectively.
The agencies floated tenders mainly for interstate transmission system (ISTS)-connected solar and wind-solar hybrid power projects. They also invited bids for significant capacities of floating solar projects.
Jodhpur Vidyut Vitran Nigam (<a href="https://energy.rajasthan.gov.in/jdvvnl/#/home/dptHome" target="_blank" rel="noopener">JDVVNL</a>), <a href="https://sjvn.nic.in/" target="_blank" rel="noopener">SJVN</a>, and Rajasthan Urja Vikas Nigam (<a href="https://energy.rajasthan.gov.in/ruvks/#/home/dptHome" target="_blank" rel="noopener">RUVNL</a>) issued tender capacities of 5.4 GW, 4.3 GW, and 3.7 GW, respectively. While JDVVNL didn&#8217;t float any large-scale solar or wind-solar hybrid project tenders in 2022, the tender activity of SJVN and RUVNL was insignificant.
The top five agencies accounted for more than 48% of the projects tendered in 2023.
Major Tenders in 2023 
NHPC <a href="https://www.mercomindia.com/nhpc-bids-3-gw-ists-connected-solar-projects" target="_blank" rel="noopener">invited</a> bids to develop 3,000 MW of ISTS-connected solar projects. The tender document specified a minimum bid capacity of 50 MW and the remaining capacity in multiples of 10 MW.
SECI <a href="https://www.mercomindia.com/seci-2-gw-ists-wind-solar-hybrid" target="_blank" rel="noopener">invited</a> bids to develop 2,000 MW of ISTS-connected wind-solar hybrid power projects (Tranche VII).
NTPC floated tenders to commission 1,500 MW each of ISTS-connected <a href="https://www.mercomindia.com/ntpc-tender-1-5-gw-ists-connected-solar-projects" target="_blank" rel="noopener">solar</a> (Tranche-I) and ISTS-connected <a href="https://www.mercomindia.com/ntpc-bids-1-5-gw-wind-solar-hybrid-projects-india" target="_blank" rel="noopener">wind-solar hybrid</a> power projects.
SJVN <a href="https://www.mercomindia.com/sjvn-1-5-gw-ists-solar-projects" target="_blank" rel="noopener">invited</a> bids from developers to set up 1,500 MW ISTS-connected solar projects.
PFC Consulting <a href="https://www.mercomindia.com/pfc-consulting-ists-connected-solar-projects" target="_blank" rel="noopener">invited</a> bids to commission 1,250 MW of ISTS-connected solar projects bundled with renewables and storage under the program for flexibility in the Generation and Scheduling of Thermal/Hydro Power Stations.
Major Auctions in 2023
Solairedirect Energy India (ENGIE), Avaada Energy, Hazel Hybren (Mahindra), Jakson, Sprng Energy, Green Infra Wind Energy (Sembcorp), Apraava Energy, and Hinduja Renewable Energy <a href="https://www.mercomindia.com/engie-avaada-jakson-mahindra-winners-nhpcs-solar-auction" target="_blank" rel="noopener">won</a> NHPC&#8217;s auction to develop 3 GW of ISTS-connected solar power projects.
SAEL, ReNew, Eden Renewables, Jakson, Shiva Corporation, and Avaada Energy <a href="https://www.mercomindia.com/sael-renew-eden-jakson-winners-secis-solar-auction" target="_blank" rel="noopener">won</a> SECI&#8217;s auction to set up 2 GW ISTS-connected solar projects (Tranche XI) in India.
Solalite Power (O2 Power), Sprng Energy, ACME Cleantech Solutions, Juniper Green Energy, and Avaada Energy <a href="https://www.mercomindia.com/ntpcs-1-5-gw-wind-solar-auction" target="_blank" rel="noopener">won</a> NTPC&#8217;s auction to set up 1,500 MW of ISTS-connected wind-solar hybrid power projects.
NTPC Renewable Energy, ACME Cleantech Solutions, and Solarcraft Power India 12 (Blupine Energy) <a href="https://www.mercomindia.com/ntpc-rel-acme-blupine-win-pfcs-1-25-gw-solar-auction" target="_blank" rel="noopener">won</a> PFC Consulting&#8217;s auction to develop 1,250 MW ISTS-connected solar projects.
Amp Energy India, ReNew Vikram Shakti, Hero Future Energies, and ACME Cleantech Solutions <a href="https://www.mercomindia.com/amp-energy-renew-hero-2-gw-hybrid-tender" target="_blank" rel="noopener">won</a> the SECI&#8217;s auction to develop 1,200 MW of ISTS-connected wind-solar hybrid power projects (Tranche-VI) with energy storage and assured peak power supply across India.
Subscribe to Mercom&#8217;s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of real-time tender activity.

Solar Auctions Surge 82%, Tender Announcements Up 50% in 2023

Author: Rohit Nema

About Rohit Nema

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