Uttar Pradesh and SECI Finalize PSA for 750 MW of Solar at a Tariff of ₹2.55_kWh

Uttar Pradesh and SECI Finalize PSA for 750 MW of Solar at a Tariff of ₹2.55/kWh

The Uttar Pradesh Electricity Regulatory Commission (UPERC) recently approved the power sale agreements (PSA) between Uttar Pradesh Power Corporation Limited (UPPCL) and Solar Energy Corporation of India (SECI) at a ...
/ / Markets & Policy, Solar
Vedanta’s Odisha Branch Invites Expression of Interest for Procuring Solar Power

Will Recent State Elections Impact India’s Solar Growth Trajectory?

Assembly elections were held in five Indian states - Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh, and Mizoram last week. Following the election outcomes, all four states except for Telangana, underwent a ...
/ / Mercom Research Focus, Other
Month in a Minute: Important News from Indian Solar Industry in October 2018

Month in a Minute: Important News from Indian Solar Industry in October 2018

The month of October witnessed some key announcements in the Indian solar industry. For example, India’s solar installations recorded in the first half (1H) of calendar year 2018 totaled almost ...
/ / Markets & Policy, Solar
SECI Extends Bid Submission Deadline for 10 GW Solar Tender with 3 GW Manufacturing

Phelan Energy Achieves Financial Closure For 50 MW Solar Project in Rajasthan

Phelan Energy Group has announced that it has achieved financial closure for a 50 MW solar project in Rajasthan. The construction of the solar PV project, located at Rajasthan’s Bhadla ...
/ / Markets & Policy, Solar
Ecoppia to Deploy 2,000 Panel Cleaning Robots in Bhadla Solar Park for SB Energy

Ecoppia to Deploy 2,000 Panel Cleaning Robots in Bhadla Solar Park for SB Energy

Ecoppia, a robotics company providing photovoltaic solar panel cleaning, has signed an agreement with SB Energy to install two thousand robots across its five project sites at the Bhadla Solar Park (Phase ...
Five of the World’s Largest Solar Parks to Come Up in India_ IEEFA Report

Five of the World’s Largest Solar Parks to Come Up in India: IEEFA Report

Five of the world’s largest under-construction solar parks are located in India, as reported by the United States-based Institute for Energy Economics and Financial Analysis (IEEFA). The report also discusses ...
/ / Solar, Utility Scale
Azure Power and ReNew Power Are the Winners in the 250 MW Bhadla Solar Auction

Azure Power and ReNew Power Are the Winners in the 250 MW Bhadla Solar Auction

In the 250 MW Bhadla Solar Park auction, Azure Power won the bid to develop 200 MWs by quoting the lowest tariff of ₹2.48 (~$0.0388)/kWh. ReNew Power won the remaining 50 ...
/ / Solar, Tenders & Auctions
PPAs Signed for 750 MW of Solar Projects in Bhadla Solar Park

Mercom Exclusive: PPAs Signed for 750 MW of Solar Projects in Bhadla Solar Park

Power purchase agreements (PPAs) for five solar projects with a combined total capacity of 750 MW of grid-connected solar were recently signed by the Solar Energy Corporation of India (SECI) ...
/ / Solar, Utility Scale
solar project

Over 1.3 GW of Solar Tendered and 1.5 GW Auctioned in June in India

After record drop in tariffs, auction activity picked up last month. In June, 1,359.77 MW of solar was tendered and 1.5 GW of solar was auctioned. Compared to May 2017, ...
PGCIL

PGCIL Commissions 400 kV Lucknow-Kanpur Transmission Line

The Power Grid Corporation of India Limited (PGCIL) has commissioned the 400 kV DC Lucknow-Kanpur transmission line with associated bays in Lucknow. The Indian Prime Minister, Shri Narendra Modi, dedicated ...
/ / Grid, T&D
SECI 750 MW

SECI Tenders 750 MW of Solar at the Bhadla Solar Park to Leverage ISTS Waiver

The Solar Energy Corporation of India (SECI) has tendered a total of 750 MW of solar at the Bhadla Solar Park in Rajasthan, following the inter-state transmission (ISTS) waiver which ...
SECI

SECI Looks to Repeat Its Success With Another 750 MW Solar Tender at Bhadla Solar Park

The Solar Energy Corporation of India (SECI) has tendered another 750 MW of solar at Bhadla. The capacity tendered includes, 500 MW of solar at Bhadla Phase-III solar park and ...
solar construction

Waiver Period for Inter-State Transmission Charges and Losses for Solar Projects Extended to December 31, 2019

The waiver period for inter-state transmission (ISTS) charges and losses for solar projects has been extended to December 31, 2019. This waiver applies to solar projects that are commissioned on ...
/ / Grid, T&D
Tenders

Strong Solar Tender Activity in India with Over 2 GW in the Month of May

The month of May witnessed the strongest auction and tender activity in India in quite some time with over 2 GW of solar projects tendered and 755 MW auctioned, compared ...
UP 750 MW Bhadla

Uttar Pradesh Government Plans to Set Up 750 MW Solar Projects at Bhadla

In an aim to replicate the success of the recently concluded Bhadla Phase-III and Phase-IV Solar Park auctions, the government of Uttar Pradesh is also considering setting up 750 MW ...
/ / Solar, Utility Scale
Breaking: New Record Low Solar Tariff of Rs.2.44 (~$0.037)/kWh Set at the 500 MW Bhadla Phase-III Solar Park Auction in India

Breaking: New Record Low Solar Tariff of Rs.2.44 (~$0.037)/kWh Set at the 500 MW Bhadla Phase-III Solar Park Auction in India

Solar tariff in India has now breached Rs.2.50 (~$0.038)/kWh mark. Within a week solar tariff declined from Rs.2.62 (~$0.0405)/kWh to Rs.2.44 (~$0.037)/kWh. In the 500 MW Bhadla Phase-III Solar Park ...
/ / Commercial, Solar
DEEP DIVE: Intense Competition Drives Solar Tariffs to a New Record Low of Rs.2.62/kWh at Bhadla Phase-IV Solar Park Auction in India

DEEP DIVE: Intense Competition Drives Solar Tariffs to a New Record Low of Rs.2.62/kWh at Bhadla Phase-IV Solar Park Auction in India

The solar tariff in India breached the Rs.3 (~$0.046)/kWh mark in the recently concluded 250 MW Bhadla Phase-IV Solar Park auction. The winning tariff of Rs.2.62 (~$0.0405)/kWh quoted in the ...
/ / Solar, Utility Scale
Tenders

BREAKING: New Record Low Tariff to be Set in India as Solar Bids Breach Rs.3/kWh in Bhadla Phase IV Auction

For the first time in India, solar bids have breached the Rs.3 (~$0.046)/kWh mark in the 250 MW Bhadla Phase IV Solar Park auction under the National Solar Mission (NSM) ...
Solar Park

Mercom Exclusive: Solar Park Costs on the Rise in India

Solar parks are a vital piece to India’s solar future and were designed to reduce bottlenecks and bring down large-scale project development costs by allocating land and providing transmission infrastructure, ...
/ / Solar, Utility Scale
Tenders and Auctions

26.7 MW of Solar Tendered and 250 MW Auctioned in India, in April 2017

In the month of April 2017, only 26.72 MW of solar was tendered and 250 MW was auctioned in India compared to March 2017, when 4.5 MW of new solar ...
Solar Finance

Indian Solar Sector Sees $1.6 Billion in Funding and M&A Transactions in Q1 2017

With solar installations crossing 12 GW by end of March 2017, financial activity was robust in the first quarter of 2017, with approximately $1.6 billion (~Rs.106 billion) in announced corporate, project funding ...
/ / Finance and M&A, Solar
Fortum

Fortum Commissions 70 MW Bhadla Solar Park Project at Previous Record Low Bid of Rs.4.34/kWh

Fortum commissioned a 70 MW solar project at Bhadla Phase-II Solar Park in Rajasthan under National Solar Mission (NSM) Phase-II, Batch-II, Tranche-I. The 70 MW solar project is Fortum's third ...
/ / Solar, Utility Scale
Month in a Minute

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Energy Sector in March 2017

The Asian Development Bank approved a $175 million (~Rs.11.35 billion) loan to the Power Grid Corporation (PGCIL) to expand its solar power transmission network across the country. Payment delays by ...
/ / Other, Renewable Energy
NTPC Retenders 750 MW of Solar at Pavagada Solar Park in Karnataka

NTPC Retenders 750 MW of Solar at Pavagada Solar Park in Karnataka

The National Thermal Power Corporation (NTPC) has retendered 750 MW of solar at the Pavagada Solar Park in Karnataka. This is an Open category tender and the bid-submission deadline is ...
Solar Park

SECI Cancels 150 MW Bhadla Solar Park Tender Under Domestic Content Category

The Solar Energy Corporation of India (SECI) has cancelled the projects tendered under the domestic content requirement (DCR) category in Bhadla Solar Park, Rajasthan; these projects fell under the National ...