Sembcorp to Infuse ₹5.169 Billion in its India Arm to Push Renewable Business
Sembcorp Industries has increased its equity stake in its India arm Sembcorp Energy India (SEIL) from 93.73% to 94.05%. The company has infused ₹5.169 billion (~$75.33 million) into SEIL to ...
Gujarat Asks Winners of its 1 GW Wind Auction to Match the Lowest Tariff
Clouds of uncertainty are hovering over 1,000 MW of wind projects in Gujarat. After awarding the capacities in May 2019, the Gujarat Urja Vikas Nigam Limited (GUVNL) has now asked ...
13 GW of Solar Projects Tendered in June as Procurement Activity Surges Post Elections
The month of June 2019 witnessed a big surge in tender announcements, compared to just 119 MW tendered in May 2019. Solar project auction activity also increased slightly in the ...
Gujarat Auctions 700 MW of Solar Capacity, Engie Quotes Lowest Tariff of ₹2.65/kWh
Engie has emerged as the lowest (L1) bidder in the auction to award 700 MW of solar photovoltaic (PV) projects conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). The solar ...
Lowest Tariff of ₹2.55/kWh Wins SECI’s 1.2 GW ISTS Solar Auction
ReNew Power has emerged as the L1 bidder by quoting the lowest tariff of ₹2.55 (~$0.035)/kWh to develop 300 MW in the recent auction conducted by the Solar Energy Corporation of ...
Uttar Pradesh’s 550 MW Solar Tender Oversubscribed by 245 MW
Eight bidders have submitted bids aggregating 795 MW in response to Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA)’s 550 MW grid-connected solar photovoltaic (PV) tender. The capacity, which ...
3 GW of Solar Projects Tendered in October
More than 3 GW of solar projects were tendered in the month of October, which is more than double compared to September, according to Mercom’s India Solar Tender Tracker. This is ...
Kazakhstan Auctions 202 MW of Solar Projects
Kazakhstan has auctioned 202 MW of grid-connected solar photovoltaic (PV) capacity in two separate auctions. To begin with, the Kazakhstan electricity and power market operator (JSC KOREM) has auctioned 30 ...
India Auctioned 550 MW of Solar Projects in September 2018
Solar auction activity in the month of September plummeted to approximately 550 MW. This is just one fourth of the total capacity auctioned in August, and only one tenth of total ...
Wind and Solar Auctions with Unreasonable Bids Will be Cancelled: R.K. Singh
The government will continue to cancel solar and wind auctions if it finds that the prices discovered through reverse bidding are high. "We will accept bids which are reasonable. If ...
India Auctioned 2 GW of Solar Projects in August 2018
The auction activity in the month of August plummeted to almost a third of July, which saw the highest auction activity in the year with 6 GW of solar projects ...
India Auctioned 6 GW of Solar Projects in July 2018
The month of July saw the highest auction activity in the year so far with 6 GW of solar projects auctioned. The auctioned capacity was more than all of the ...
Recent 1 GW Solar Auction by Uttar Pradesh Stands Annulled
The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has cancelled the recent auction for the development of 1 GW of grid-connected solar photovoltaic (PV) projects across the state ...
NSEFI Requests Uttar Pradesh to Honor Tariff Discovered in Recent Solar Auction
The National Solar Energy Federation of India (NSEFI) has written to the energy minister of Uttar Pradesh to honor the tariffs discovered in the recently concluded 1,000 MW solar photovoltaic ...
Over 30 GW of Solar Tendered in the First Half of 2018 in India
Over 30 GW of solar projects have been tendered in the first half of calendar year. Auction activity lagged tender announcements in the first half by a large margin. Auctions ...
China Ends Wind Feed-In Tariffs and Opts for Auctions
China’s renewable story is going through a transformation in 2018. After many years of growth in renewable energy, the country is beginning to change its policies that will influence its ...
Lack of ISTS Connectivity Results in Delay of 7 GW of Solar Auctions
The lack of inter-state transmission system (ISTS) connectivity is hampering the growth of renewables, especially solar in India. In the past few days, the implementing agencies have postponed bid-submission deadlines ...
Indian Solar Developers Urge MNRE to Postpone Auctions Due to Transmission Issues
The Solar Power Developers Association (SPDA) has written to the Ministry of New and Renewable Energy (MNRE), seeking postponement of scheduled auctions for projects, considering the ongoing transmission issues. The project ...
Approximately 1.3 GW of Solar Tendered and 40 MW Auctioned in India During April 2018
In April 2018, approximately 1.3 GW of new solar projects were tendered, over 1.6 GW was retendered, and only 40 MW of solar was auctioned across the country, according to Mercom’s ...
Over 80% of Recent Solar Auctions in India Won by Larger Solar Developers
The solar sector in India is rapidly expanding with increasing participation from a mix of domestic and foreign developers. However, a detailed analysis of the winners of major solar auctions ...
GUVNL Cancels Recently Held 500 MW Solar Auction Citing High Tariffs
The Gujarat Urja Vikas Nigam Limited (GUVNL) has scrapped the recently conducted auction for the development of 500 MW of grid-connected solar photovoltaic (PV) projects in the state. According to ...
Over 3 GW of Solar Tendered and 1 GW Auctioned in March 2018
In March 2018, more than 3 GW of solar projects were tendered but just 1 GW of solar projects were auctioned across India according to Mercom’s India Solar Tender Tracker ...
High GUVNL Auction Tariffs Need Board Approval Before Projects are Awarded
The individual project capacities in the recently concluded 500 MW grid-connected solar PV auction held by Gujarat Urja Vikas Nigam Limited (GUVNL) have not been awarded yet as higher tariffs ...
ReNew, Avaada and Azure Win Bids to Develop 550 MW of Solar Projects in Pavagada
The Karnataka Renewable Energy Development Limited (KREDL) has auctioned 550 MW of grid-connected solar photovoltaic (PV) projects to be developed at the Pavagada Solar Park in Tumkur district of the state ...
BREAKING: West Bengal Auctions 5 MW of Floating Solar PV
The West Bengal Power Development Corporation Limited (WBPDCL) has successfully auctioned a 5 MW, grid-connected floating solar photovoltaic (PV) project to be developed in the district of Murshidabad. When contacted ...
