Germany Adds 16.2 GW of Solar Capacity in 2024, Sets New Record

REIL Floats Rate Contract Tender for 17.55 MW Rooftop Solar Projects

NHPC Invites Bids for 39.73 MW Rooftop Solar Projects in Sikkim and J&K

US ITC Rules Voltage Not Guilty in Patent Infringement Case   

MERC Approves Tariff for Procuring 13 MW Wind-Solar Hybrid Power

Uttar Pradesh Floats EoI for 2 GW Solar Power Projects

Daily News Wrap-Up: MERC Allows Deviations in Adani’s 1 GW Power Procurement

MENA Roundup:  UAE’s Masdar Launches 1 GW Clean Energy Project

US Announces $6 Billion Tax Credits for Advanced Energy Projects

Corporate Funding in the Solar Sector Dropped 24% YoY in 2024


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2024/12/amazon_polly_73795.mp3?version=1734495841">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>Tamil Nadu added record solar open access capacity in the first nine months (9M) of the calendar year (CY) 2024, surpassing the annual capacity additions of the previous years, according to Mercom&#8217;s <a href="https://www.mercomindia.com/product/q3-2024-mercom-india-solar-open-access-market-report" target="_blank" rel="noopener">Q3 2024 India Solar Open Access Market Report</a>.</p>
<p>India <a href="https://www.mercomindia.com/solar-open-access-capacity-surges-to-4-8-gw-in-india-for-9m-2024" target="_blank" rel="noopener">added</a> 4.8 GW of solar open access capacity in 9M 2024, up almost 69% from 2.8 GW in 9M 2023. Tamil Nadu ranked fourth among states during this period, accounting for nearly 12% of the installations in the country. The state&#8217;s capacity additions increased by over 101% compared to 9M 2023.</p>
<p>In the third quarter (Q3) of 2024, solar open access installations in India totaled 1.1 GW, a 36% drop quarter-over-quarter (QoQ) and over 6% decline year-over-year (YoY).</p>
<p>The state ranked second in the country for capacity additions during Q3, comprising nearly 24% of the quarter&#8217;s installations. Tamil Nadu&#8217;s capacity addition rose over 44% YoY and approximately 49% QoQ. The QoQ growth was the highest in the country.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/solar-open-access.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-73796 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/solar-open-access.png" alt="" width="995" height="382" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/solar-open-access.png 995w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/solar-open-access-300x115.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/solar-open-access-768x295.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/solar-open-access-650x250.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/solar-open-access-624x240.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/solar-open-access-600x230.png 600w" sizes="(max-width: 995px) 100vw, 995px" /></a></p>
<p>As of September 2024, India&#8217;s cumulative installed solar open access capacity was 17.8 GW, with Tamil Nadu ranking fourth in the country, accounting for over 11% of the country&#8217;s installations. The state&#8217;s cumulative installed solar open access capacity increased by a compounded annual growth rate of almost 39% between 2020 and 2023, with the YoY growth averaging over 55% during this period. Additionally, Tamil Nadu&#8217;s cumulative installations grew by over 40% between CY 2023 and 9M 2024.</p>
<p><strong>Policy Support </strong></p>
<p>The state&#8217;s structured regulatory framework, <a href="https://www.tnpdcl.org/en/tnpdcl/" target="_blank" rel="noopener">Tamil Nadu Generation and Distribution Corporation</a>&#8216;s streamlined approval process for captive and group captive projects, and a sizeable industrial base have been the key demand drivers for solar open access.</p>
<p>The electricity tariffs applicable to Tamil Nadu&#8217;s commercial and industrial (C&amp;I) consumers are among the highest in the country. In the current financial year (FY) 2025, the state&#8217;s regulatory commission raised the tariffs by more than 5%. The increased tariffs continue to support significant savings for industrial consumers under the third-party sale model despite the increase in wheeling charges, transmission charges, and cross-subsidy surcharge for C&amp;I consumers in FY25.</p>
<p>According to Mercom, the state has a significant pipeline of open-access solar projects, with standalone solar projects contributing the most. These projects will likely allow considerable capacity additions in the upcoming quarters. Wind-solar hybrid projects accounted for over 23% of the state&#8217;s development pipeline.</p>
<p>Mercom&#8217;s <a href="https://www.mercomindia.com/product/india-solar-project-tracker" target="_blank" rel="noopener">solar open access tracker</a> provides all vital project details for installed and pipeline captive, group captive, third-party, and projects under solar parks in the country.</p>
<p>The <a href="https://www.mercomindia.com/product/q3-2024-mercom-india-solar-open-access-market-report" target="_blank" rel="noopener">Q3 2024 India Solar Open Access Market Report</a> is 59 pages long and covers state-wise open access charges, electricity tariffs, power purchase agreement tariffs, installed and pipeline project capacities, and policy updates, along with other critical information and data on the market.</p>


The Growing Market for Solar Open Access in Tamil Nadu


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2024/10/amazon_polly_71838.mp3?version=1730780570">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</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>


India’s Wind Energy Installations Rise 72% YoY in Q3 2024


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2024/10/amazon_polly_71654.mp3?version=1732188041">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</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%

Author: Sowndhiga

About Sowndhiga

Get the most relevant India solar and clean energy news.

RECENT POSTS