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					</table><p>India added 706.5 MW of wind energy capacity in Q3 2024, a 72% increase year-over-year (YoY) from 411.5 MW in Q3 2023, according to <a href="https://www.mercomindia.com/research" target="_blank" rel="noopener">Mercom India Research</a>.</p>
<p>The increased demand for wind energy by state distribution companies and other obligated entities to fulfill their renewable purchase obligations (RPO) drove capacity additions in Q3.</p>
<p>The capacity additions fell 8% quarter-over-quarter (QoQ) from 769.9 MW installed in Q2 due to delays in grid connectivity, limited availability of transmission infrastructure, land acquisition, and right-of-way (ROW) issues.</p>
<p>Gujarat led the capacity additions in the quarter with 356.5 MW. Of the remaining 350 MW, Tamil Nadu accounted for 253.2 MW, Karnataka added 94.8 MW, and Maharashtra 2.1 MW.</p>
<p>During the quarter, JSW Energy commissioned a 300 MW interstate transmission system (ISTS)-connected wind power project. It was part of the 450 MW <a href="https://www.mercomindia.com/seci-wind-auction-tranche-x-results" target="_blank" rel="noopener">awarded</a> to the company by Solar Energy Corporation of India (SECI) under Tranche – X tender. Adani Green Energy also commenced operations of its 250 MW wind power project in Khavda, Gujarat. A few other developers also commissioned significant capacity of wind power projects in the quarter.</p>
<p><img loading="lazy" decoding="async" class=" wp-image-71846 aligncenter" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Wind-quart-bar-chart-300x211.jpg" alt="Wind quart- bar chart" width="508" height="358" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Wind-quart-bar-chart-300x211.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Wind-quart-bar-chart-768x541.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Wind-quart-bar-chart-650x457.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Wind-quart-bar-chart-624x439.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Wind-quart-bar-chart-600x422.jpg 600w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Wind-quart-bar-chart.jpg 790w" sizes="(max-width: 508px) 100vw, 508px" /></p>
<p>As of September 2024, the cumulative installed wind energy capacity was 47.3 GW.</p>
<p><img loading="lazy" decoding="async" class=" wp-image-71851 aligncenter" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Wind-quart-pie-300x228.jpg" alt="Wind quart - pie" width="526" height="400" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Wind-quart-pie-300x228.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Wind-quart-pie-650x493.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Wind-quart-pie-624x474.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Wind-quart-pie-600x455.jpg 600w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Wind-quart-pie.jpg 709w" sizes="(max-width: 526px) 100vw, 526px" /></p>
<p>Gujarat had the highest cumulative installed wind energy capacity at 12.2 GW. Tamil Nadu and Karnataka followed with 11 GW and 6.6 GW, respectively.</p>
<p>Maharashtra and Rajasthan rounded off the top five with 5.2 GW each of cumulative wind capacity as of September  2024.</p>
<p>Andhra Pradesh and Madhya Pradesh also had significant cumulative wind installations with 4.1 GW and 2.8 GW.</p>
<p>In September 2024, the Government of Tamil Nadu <a href="https://www.mercomindia.com/tamil-nadu-issues-wind-repowering-and-refurbishment-policy" target="_blank" rel="noopener">issued</a> the Repowering, Refurbishment &amp; Life Extension Policy for Wind Power Projects Policy 2024 to enhance wind energy production, improve efficiency, and optimize its wind energy resources.</p>



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					</table><p>Several agencies floated 16.2 GW of tenders in the third quarter (Q3) of the calendar year (CY) 2024, an increase of 51.9% from 10.7 GW in the previous quarter and 19.2% from 13.6 GW in the same quarter last year.</p>
<p>Bid invitations by renewable energy implementation agencies (REIAs), including <a href="https://ntpc.co.in/" target="_blank" rel="noopener">NTPC</a>, <a href="https://www.nhpcindia.com/" target="_blank" rel="noopener">NHPC</a>, <a href="https://www.seci.co.in/" target="_blank" rel="noopener">SECI</a>, and <a href="https://sjvn.nic.in/" target="_blank" rel="noopener">SJVN</a>, to fulfill MNRE&#8217;s annual bidding <a href="https://www.mercomindia.com/mnre-renewable-energy-bidding-trajectory" target="_blank" rel="noopener">trajectory</a> target of 50 GW from FY24 to FY28 drove the tendered capacities in Q3. Even though the ministry hasn&#8217;t yet notified the quarterly targets by the agencies for FY25, REIAs accounted for 58% of the solar tenders issued in Q3 2024.</p>
<p>Auction announcements fell 13.6% from 6.7 GW in Q2 2024 to 5.8 GW in Q3. The auction activity dropped 17.1% from the same quarter in 2023.</p>
<p>In Q3 2024, the auctioned standalone solar capacity was the lowest compared to the previous four quarters. The market is seeing an increase in demand from off-takers for renewable energy that can meet peak demand that is round-the-clock and firm and dispatchable. Additionally, unsigned power purchase agreements (PPAs) for several projects remain a significant concern for developers participating in auctions.</p>
<p>&nbsp;</p>
<p><img loading="lazy" decoding="async" class=" wp-image-71663 aligncenter" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Solar-TA-Graph-300x220.jpg" alt="Solar T&amp;A Graph" width="483" height="354" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Solar-TA-Graph-300x220.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Solar-TA-Graph-650x477.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Solar-TA-Graph-624x458.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Solar-TA-Graph-600x440.jpg 600w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Solar-TA-Graph.jpg 688w" sizes="(max-width: 483px) 100vw, 483px" /></p>
<p><strong>Top Tender Issuing Agencies </strong></p>
<p>The capacity of tenders issued by <a href="https://upneda.org.in/" target="_blank" rel="noopener">UPNEDA</a> was the highest in the quarter, contributing 21.7% to the total. SECI and NTPC accounted for 18.6% and 16.1%, respectively.</p>
<p>SJVN and NHPC accounted for 12.8% and 7.4% of the tenders issued in the quarter, respectively.</p>
<p><strong>Major Tenders Announced in Q3 2024 </strong></p>
<p>UPNEDA <a href="https://www.mercomindia.com/upneda-invites-solar-projects-under-pm-kusum" target="_blank" rel="noopener">invited</a> bids to set up 3.5 GW of grid-connected solar projects.</p>
<p>SECI <a href="https://www.mercomindia.com/seci-solar-storage-tranche-xvii" target="_blank" rel="noopener">issued</a> a tender to develop 2 GW of ISTS-connected solar PV projects with 2 GW/4 GWh Energy Storage Systems (ESS) under Tranche XVII. The agency also issued a tender to develop 1 GW of ISTS-connected solar PV projects.</p>
<p>NHPC <a href="https://www.mercomindia.com/nhpc-tenders-1-2-gw-solar-projects-with-600-mw-12000-mwh-energy-storage" target="_blank" rel="noopener">floated</a> a tender to develop 1.2 GW ISTS-connected solar projects with 600MW/1.2 GWh of integrated ESS.</p>
<p>SJVN <a href="https://www.mercomindia.com/sjvn-tenders-1-2-gw-solar-projects-energy-storage" target="_blank" rel="noopener">invited</a> bids to develop 1.2 GW ISTS-connected solar projects with 600 MW/2.4 GWh of integrated ESS.</p>
<p>NTPC announced a tender to develop 1.2 GW of ISTS-connected wind-solar hybrid power projects.</p>
<p><strong>Major Auctions in Q3 2024</strong></p>
<p>Onward Solar Power, Jevargi Solar (Rays Infra), Essar Renewables, Mahindra Susten, and Avaada Energy <a href="https://www.mercomindia.com/onward-solar-mahindra-and-solar-auction" target="_blank" rel="noopener">won</a> NHPC&#8217;s auction to develop 1.2 GW ISTS-connected solar power projects.</p>
<p>SAEL Industries, NTPC Renewable Energy, and BluPine Energy were <a href="https://www.mercomindia.com/onward-solar-mahindra-and-solar-auction" target="_blank" rel="noopener">declared</a> winners in SECI&#8217;s auction to develop 1.2 GW of ISTS-connected solar projects under Tranche XVI on a build, own, and operate basis.</p>
<p>Pace Digitek, Hero Solar Energy (Hero Future Energies), ACME Solar Holdings, and JSW Neo Energy (JSW Energy) were <a href="https://www.mercomindia.com/seci-solar-plus-storage-auction-tranche-xv" target="_blank" rel="noopener">declared</a> winners in SECI&#8217;s auction to develop 1,200 MW of ISTS-connected solar projects with 600 MW/1,200 MWh energy storage systems (ESS) under Tranche XV.</p>
<p>ACME Solar Holdings, SAEL Industries, Essar Renewables, Onward Solar Power, and NTPC Renewable Energy <a href="https://www.mercomindia.com/acme-sael-essar-sjvn-solar-auction" target="_blank" rel="noopener">won</a> SJVN&#8217;s auction to develop 1.2 GW ISTS-connected solar projects.</p>
<p>Essar Renewables, Juniper Green Energy, Serentica Renewables, Hexa Climate Solutions, and Avaada Energy <a href="https://www.mercomindia.com/nhpc-fdre-auction-ii" target="_blank" rel="noopener">won</a> NHPC&#8217;s auction to supply 1,200 MW of firm and dispatchable power from ISTS-connected renewable power projects coupled with an energy storage system (Tranche II).</p>
<p>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.</p>


Solar Tenders Surge by 52% QoQ in Q3 2024, Auctions Drop 14%

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