SAEL Industries, NTPC Renewable Energy, and BluPine Energy were winners in Solar Energy Corporation of India’s auction to set up 1.2 GW of interstate transmission system-connected solar power projects across India under Tranche XVI on a build, own, and operate basis. SAEL and NTPC were awarded 250 and 200 MW, respectively, at a tariff of ₹2.48 (~$0.0295)/kWh. BluPine Energy quoted a tariff of ₹2.49 (~$0.0297)/kWh to win 50 MW. Only 500 MW of capacity was auctioned.

The Ministry of Power has instructed that Wind Turbine Generators (WTGs) that operate at full capacity up to 40°C, without losing efficiency, in line with the IEC 61400-1 standard, should be considered when determining the extent of grid connectivity. If WTGs start losing efficiency before 40°C, the original equipment manufacturers will be given a chance to modify the turbine design to deliver full output up to at least 40°C for connectivity consideration. For WTGs that operate at full capacity up to 40°C but lose efficiency at the extreme temperatures specified by the Central Electricity Authority (CEA) regulations, grid connectivity will be granted based on their reduced efficiency at these extreme temperatures.

Uttar Pradesh Power Corporation has invited bids to set up a 300 MW/1,200 MWh standalone Battery Energy Storage System. The last day to submit the bids is September 22, 2024. Bids will be opened on September 25. Bidders must furnish a document fee of ₹25,000 (~$297) and a document processing fee of ₹100,000 (~$1,191). They must also submit an earnest money deposit of ₹740,000 (~$8,813)/MW. Selected bidders must submit $1.85 million (~$22,033)/MW/project as a performance bank guarantee.

Oil and Natural Gas Corporation has floated a tender to set up captive ISTS-connected, co-located wind-solar hybrid power projects with a capacity of 1,000 MW (500 MW solar + 500 MW wind) anywhere in India, with operation and maintenance for ten years. The last date to submit bids is October 23, 2024. Bids will be opened the next day. The project must be commissioned within 36 months of the letter of award. Bidders must provide a bank guarantee for ₹80 million (~$952,795).

SJVN Green Energy, a wholly-owned subsidiary of SJVN, has invited bids for the outright purchase/lease of up to 2,000 acres of land for 28 years in the 765/400/220 kV Bikaner-IV Pooling Station area, Rajasthan. The land will be used to set up solar power projects with a cumulative capacity of 500 MW. The last day to submit the bids is September 3, 2024. Bids will be opened on the same day. Bidders must pay an earnest money deposit of ₹4 million (~$47,641.28) for 400 acres, ₹8 million (~$95,283.46) for 800 acres, ₹12 million ($142,938) for 1,200 acres, ₹16 million (~$190,582) for 1,600 acres and ₹20 million ($238.21 million) for 2,000 acres and above.

Engineering and consulting firm Gensol Engineering reported a 105% year-over-year (YoY) increase in revenue to ₹2.97 billion (~$35.3 million) in the first quarter of fiscal year 2025 from ₹1.45 billion (~$17.2 million). Consolidated earnings before interest, taxes, depreciation, and amortization also rose by 143% YoY to ₹890 million (~$10.6 million). The company’s profit before tax increased by 86% YoY to ₹270 million (~$3.2 million), and its profit after tax grew by 50% YoY to ₹150 million (~$1.7 million), despite the impact of new business segments.