Tata Power has invited bids to develop and procure power from 225 MW of grid-connected intrastate and interstate wind-solar hybrid power projects with a greenshoe option of an additional capacity of 225 MW on a long-term basis. The last date to submit the bids online is July 31, 2023. Bids will be opened on August 2.

The Jharkhand Renewable Energy Development Agency invited bids to empanel agencies to install and commission 12 MW of grid-connected rooftop solar projects for residential consumers in the Giridih Municipal Area under the Solar City program. The last date to submit the bids online is July 17, 2023. Bids will be opened on July 19. Bidders must submit ₹100,000 (~$1,221) for a lot size of 100 kW as an earnest money deposit.

NTPC Vidyut Vyapar Nigam, a wholly owned subsidiary of NTPC, invited bids from enlisted developers for setting up a 1.5 MW grid-connected solar power project at IIM Bodh Gaya. The last date for the submission of bids is July 3, 2023. Bids will be opened the next day. Bidders must submit ₹2 million (~$24,391.7) as an earnest money deposit. The select bidder is required to furnish a performance bank guarantee equivalent to 10% of the allotted contract price within twenty-eight days.

Uttar Pradesh New & Renewable Energy Development Agency issued three tenders for the empanelment and rate contract for commissioning grid-connected rooftop solar power projects aggregating to 12 MW atop various government buildings in Uttar Pradesh. The last day to submit the bids is July 3, 2023. Bids will be opened on the same day. For all three tenders, the bidders must submit 2% of the project cost as an earnest money deposit, and the select bidders must submit 10% of the contract value as a performance guarantee.

The Punjab State Electricity Regulatory Commission amended its intra-state open access regulations according to the center’s Green Energy Open Access Rules to encourage open access installations in the state. The aim is to promote adopting green energy open access, streamline the application procedure, and modify various aspects such as cross-subsidy surcharges, standby charges, scheduling, and imbalance charges.

Solar inverter prices have been on the rise, with crucial components such as semiconductor chips in short supply globally, and compounding this challenge is the acute shortage in the supply chain of Insulated Gate Bipolar Transistors, another essential inverter component. According to Mercom India Research’s recently released Q1 2023 India Solar Market Quarterly Update, inverter costs increased by over 10% quarter-over-quarter as manufacturers struggled to meet the demand due to the limited availability of IGBT and other semiconductors, crucial components for inverter manufacturing.

To meet the growing energy demand while aligning with the goals of the Paris Agreement, the annual investment in clean energy, both from public and private sources, will have to increase by more than triple from $770 billion in 2022 to approximately $2.2-2.8 trillion per year by early 2030, according to a report by International Energy Agency and International Finance Corporation.