Gentari Renewables India Utilities 2, Juniper Green Energy, EG Energy Development (Enfinity Global), Sunsure Solarpark RJ One, and Adyant Enersol (Datta Infra) won SJVN’s auction to set up 1,200 MW of Interstate Transmission System (ISTS)-connected wind-solar hybrid power projects in India (Phase III). Gentari, Juniper, EG Energy, and Adyant quoted ₹3.19 (~$0.0379)/kWh to win 400 MW, 300 MW, 300 MW, and 70 MW, respectively. Sunsure won 130 MW out of the quoted capacity of 150 MW at a tariff of ₹3.19 (~$0.0379)/kWh under the bucket-filling method.

The latest Mercom India Solar Market Leaderboard for 1H 2024 showcases the leading companies dominating the solar sector in the first half (1H) of the calendar year (CY) 2024. The report covers market share rankings and provides a comprehensive view of the competitive landscape across the Indian solar supply chain in the first half of CY 2024. A few established companies have solidified and expanded their positions, driven by a renewed emphasis on domestic manufacturing following the reimposition of the Approved List of Models and Manufacturers (ALMM) order.

The Central Electricity Regulatory Commission has adopted the tariffs for SJVN’s 1,450 MW of interstate transmission system-connected solar power projects. The Commission approved the tariffs of ₹2.51-₹2.53 (~$0.029-$0.03)/kWh and a trading margin of ₹0.07(~$0.0008)/kWh. The petitioner, SJVN, had invited bids to procure power from 1,500 MW ISTS-connected solar projects. The company received ten bids, and five bidders were selected. The letters of award were issued on June 26, 2024.

New and Renewable Energy Development Corporation of Andhra Pradesh has issued an empanelment tender to install grid-connected rooftop solar systems of 1 kW to 500 kW at various locations in Andhra Pradesh under capital expenditure mode. The empanelment period will be up to September 30, 2025. The last date to submit the bids is November 12, 2024. Bids will be opened on the next day. Bidders must furnish a bid procession fee of ₹29,500 (~$350) and an earnest deposit of ₹50,000 (~$594).

It’s been a busy year for IPOs in the clean energy sector in India. Two leading renewable energy companies—Premier Energies and Waaree Energies—raised about $850 million in their initial public offerings this year. Electric vehicle manufacturers Ather Energy and Ola Electric raised $337 million and $734 million earlier this year. Several other clean energy companies are in the queue, having filed their draft IPO papers with the regulators. Independent power producer ACME Solar’s IPO is the next big public issue to hit the market.

State power distribution companies (DISCOMs) owed power generators ₹623.9 billion (~$ 7.41 billion) in total dues for the monthly billing cycle in October 2024, according to the Ministry of Power’s payment ratification and analysis portal PRAAPTI. The DISCOMs owed power generators ₹845.5 billion (~$10 billion) in September. The current outstanding dues, excluding the latest monthly dues of ₹346.22 billion (~$4.11 billion), are ₹277.68 billion (~$3.3 billion).

The U.S. International Trade Commission (USITC) recently overruled the Department of Commerce’s imposition of anti-dumping and countervailing duties on aluminum extrusions imported from 14 countries, including India. The aluminum extrusions are used in solar trackers, racking, and mounting structures. The USITC held that the imports of aluminum extrusions do not materially harm or threaten the U.S. industry. In October, the Department of Commerce had proposed anti-dumping duties ranging from 2.02% to 376.85% and countervailing duties from 1.44% to 168.81% on aluminum extrusions from China, India, Colombia, Ecuador, Indonesia, Italy, Malaysia, Mexico, South Korea, Taiwan, Thailand, Turkey, UAE, and Vietnam.