The Gujarat Urja Vikas Nigam has invited bids for the purchase of power from 500 MW grid-connected wind-solar hybrid renewable energy projects with the possibility of expanding the capacity by an additional 500 MW through the greenshoe option. This is the Phase II of this tender. The projects under Phase I were recently awarded to KPI Green Energy and Juniper Green Energy. The last date for the submission of bids is March 13, 2024. Bids will be opened the next day.

The Solar Energy Corporation of India has invited bids for the manufacturing, testing, packing, forwarding, supply, and transportation of 900 MW solar modules made with domestically manufactured solar cells. The last date for the submission of bids is March 12, 2024. Bids will be opened on the same day. The total capacity is divided into nine packages of 100 MW. Bidders can choose from various configurations, each linked to a specific capacity ranging from 100 MW to 900 MW.

Gujarat Industries Power Company has invited bids for engineering, procurement, construction (EPC), and operations and maintenance for three years of a 75 MW grid-connected solar project near its Surat Lignite Power Plant. The last date to submit bids is March 13, 2024. The scope of work includes the development of the solar project along with associated power evacuation equipment to provide grid connectivity to Gujarat Energy Transmission Corporation’s 66 kV substation in a nearby village.

Independent renewable power producer ReNew Energy narrowed its net loss by 19% to ₹3.2 billion (~$39 million) in the third quarter of the financial year 2024 from ₹4 billion (~$48 million) last year, helped by higher tariffs and lower prices of solar modules. ReNew said that the tariffs in auctions, compared to last year, were higher by 14% and 7% for wind and solar, respectively, and the prices of solar modules fell by 60% this year.

Gujarat Industries Power Company has invited bids for EPC packages with land for up to 500 MW of solar power projects anywhere in the state. The scope of work includes identification, acquisition, and complete transfer of ownership or lease of encumbrance-free land to GIPCL. The developer must also identify and arrange grid connectivity to the Gujarat Energy Transmission Corporation substation.  The last day to submit the bids is April 2, 2024. The bid opening date is yet to be decided.

NTPC has invited bids for the appointment of a financial advisor for a 50 MW solar power project in Sampur, Sri Lanka. Trincomalee Power Company, a 50:50 joint venture between NTPC and Ceylon Electricity Board, Sri Lanka, is developing a 50 MW solar project that is extendable to 135 MW in Sampur in two phases. The first phase of work includes the development of a 50 MW solar project on a build-own-operate basis and a 38 km transmission line on an annuity payment basis.

Brazil imported 17.5 GW of solar photovoltaic modules in 2023, representing a 1.7% decline compared to the previous record year, according to Sao Paulo-based research firm Greener. The slight decline in 2023 import numbers indicates a stabilization in Brazil’s solar energy market after a breakneck 70% growth in 2022. Of the 17.5 GW of solar modules imported in 2023, distributed generation represented 11.4 GW of imports or 65%. This was down 2 GW from 2022, when distributed generation accounted for 75% of total solar module imports.

Solar recycling company SOLARCYCLE announced an investment of $344 million in a solar glass manufacturing facility in Georgia’s Cedartown in the U.S., which will use recycled materials from retired solar panels to manufacture new solar glass. The new manufacturing facility is scheduled to begin construction this year and will be operational in 2026. The company said its proprietary recycling technology allows it to extract 95% of the value from used solar modules.