Five Lowest Solar Tariffs in 2022 [Infographics]

Five Lowest Solar Tariffs in 2022 [Infographics]

Auction activity was robust in 2022, with 111.48 GW of solar capacity projects going under the hammer in 274 auctions. The lowest tariff discovered in 2022 was ₹2.29 (~$0.028)/kWh, an ...
Top Wind Energy Tenders in 2022

Top Wind Energy Tenders in 2022 [Infographics]

In 2022, a total of 8 GW of wind energy tenders were floated by various agencies, and 1.8 GW of wind projects were auctioned, according to Mercom India Research. Here ...
Lowest Wind and Hybrid Power Tariffs in 2022

Lowest Wind and Hybrid Power Tariffs in 2022 [Infographics]

The lowest tariff discovered in wind energy auctions in 2022 was ₹2.84 (~$0.036)/kWh, an increase of nearly 5.5% compared to the lowest tariff of ₹2.69 (~$0.038)/kWh quoted in the Tranche ...
Gujarat Approves Lowest Tariff of ₹2.84/kWh for 500 MW of Wind Projects

Gujarat Approves Lowest Tariff of ₹2.84/kWh for 500 MW of Wind Projects

The Gujarat Electricity Regulatory Commission (GERC) has approved the tariffs discovered in the competitive bidding process conducted by the Gujarat Urja Vikas Nigam (GUVNL) to procure 500 MW of power ...
/ / Other, Wind
GUVNL Invites Bids to Buy Power from 500 MW Solar Projects with Greenshoe Option

GUVNL Invites Bids to Procure Power from 500 MW Solar Projects with Greenshoe Option

Gujarat Urja Vikas Nigam (GUVNL) has invited bids to purchase power from 500 MW of grid-connected solar power projects (Phase XVIII) with a greenshoe option of an additional 500 MW ...
/ / Solar, Tenders & Auctions
GUVNL Issues Tender for 300 MW of Wind Projects with Greenshoe Option

GUVNL Issues Tender for 300 MW of Wind Projects with Greenshoe Option

Gujarat Urja Vikas Nigam (GUVNL) has invited bids to purchase power from 300 MW of grid-connected wind power projects (Phase-IV) with a greenshoe option of an additional 300 MW. These ...
/ / Other, Wind
GUVNL Invites Bids for 600 MW of Solar Projects With Additional 600 MW Greenshoe Option

GUVNL Invites Bids for 600 MW Solar Projects With Additional Greenshoe Option

Gujarat Urja Vikas Nigam (GUVNL) has invited bids for 600 MW of grid-connected solar power projects (Phase XVII) at the Khavda Solar Park in Gujarat with a greenshoe option of ...
/ / Solar, Tenders & Auctions
Daily News Wrap-Up: Sterling and Wilson Solar to Develop 961 MW of Solar Projects in Nigeria

Blupine, Engie, Tata Power, UPC Renewables Winners in GUVNL’s 750 MW Solar Auction

Solarcraft Power India 2 (Blupine Energy), Solairedirect Energy (Engie), Tata Power Renewable Energy, and Utkrrisht Solar Energy (UPC Renewables) are the winners in Gujarat Urja Vikas Nigam’s (GUVNL) auction to ...
/ / Solar, Tenders & Auctions
GUVNL Invites Bids for 1 GWh of Standalone Battery Energy Storage Systems

GUVNL Invites Bids for 1 GWh of Standalone Battery Energy Storage Systems

Gujarat Urja Vikas Nigam Limited (GUVNL) has invited bids to set up pilot projects of 1 GWh (500 MW x 2 hours) standalone battery energy storage systems (BESS) in Gujarat ...
EPC Tender Floated for 220 MW of Solar Projects in Gujarat

EPC Tender Floated for 220 MW of Solar Projects in Gujarat

Gujarat State Electricity Corporation (GSECL) has invited bids for the engineering, procurement, and construction (EPC) package to set up 220 MW of solar projects anywhere in Gujarat under the Gujarat ...
Lowest Tariff of ₹2.84/kWh Discovered in GUVNL’s 500 MW Wind Auction

Lowest Tariff of ₹2.84/kWh Discovered in GUVNL’s 500 MW Wind Auction

Gujarat State Electricity Corporation (GSECL), Rajpur Renewables (EDF Renewables), Juniper Green Energy, Solarcraft Power India 3 (Blupine Energy), TEQ Green Power XII (O2 Power), ACME Pokhran Solar, and Project Twelve ...
/ / Other, Wind
Gujarat Floats 750 MW Solar Tender with Greenshoe Option

Gujarat Floats 750 MW Solar Tender with Greenshoe Option

Gujarat Urja Vikas Nigam (GUVNL) has invited bids to procure power from 750 MW of grid-connected solar projects (Phase XVI) with a greenshoe option of an additional capacity of up ...
EPC Tender Issued for a 15 MW Wind Power Project in Gujarat

EPC Tender Issued for a 15 MW Wind Power Project in Gujarat

Gujarat State Electricity Corporation (GSECL) has invited bids from contracts for providing engineering, procurement, and construction services for a 15 MW wind power project in the Kutch region of Gujarat ...
/ / Other, Wind
GUVNL Issues RfS to Buy Power from Renewable Projects with Energy Storage

GUVNL Issues RfS to Buy Power from Renewable Projects with Energy Storage

Gujarat Urja Vikas Nigam Limited (GUVNL) has issued a request for selection (RfS) from developers to purchase power from 500 MW of renewable energy projects with assured peak power supply ...
Aditya Birla, Hinduja Renewables, and SJVN Winners in GUVNL’s 500 MW Solar Auction

Aditya Birla, Hinduja Renewables, and SJVN Winners in GUVNL’s 500 MW Solar Auction

Aditya Birla (ABREL SPV 2), Hinduja Renewables Energy, and SJVN were winners in Gujarat Urja Vikas Nigam’s (GUVNL) auction to develop 500 MW of solar projects under Phase XIV with ...
Gujarat Adopts Tariff of ₹2.29/kWh for Procuring 500 MW of Solar Power

Gujarat Adopts Tariff of ₹2.29/kWh for Procuring 500 MW of Solar Power

The Gujarat Electricity Regulatory Commission (GERC) recently adopted the tariff of ₹2.29 (~$0.029)/kWh to procure 500 MW of solar power by the Gujarat Urja Vikas Nigam Limited (GUVNL) under Phase-XIII ...
Gujarat Floats 500 MW Wind Tender with Greenshoe Option

Gujarat Floats 500 MW Wind Tender with Greenshoe Option

The Gujarat Urja Vikas Nigam Limited (GUVNL) has invited bids to purchase power through a competitive bidding process from 500 MW of grid-connected wind power projects (Phase-III) with the greenshoe ...
/ / Other, Wind
GUVNL Issues RfS to Buy Power from 500 MW Solar Projects With Greenshoe Option of 500 MW

GUVNL Issues RfS to Buy Power from 500 MW Solar Projects With Greenshoe Option of 500 MW

Gujarat Urja Vikas Nigam Limited (GUVNL) has issued a request for selection (RfS) from developers to purchase power from 500 MW of solar projects under Phase XIV with a greenshoe ...
5 GW of Tenders Announced and 2.7 GW of Solar Projects Auctioned in Q1 2022

5 GW of Tenders Announced and 2.7 GW of Solar Projects Auctioned in Q1 2022

Various government agencies floated solar tenders totaling approximately 5 GW in the first quarter (Q1) of the calendar year (CY) 2022, a decrease of 18% compared to the previous quarter, ...
Fortum, SJVN, Hinduja, and UPC Renewables Winners in GUVNL’s 500 MW Solar Auction

Fortum, SJVN, Hinduja, and UPC Renewables Winners in GUVNL’s 500 MW Solar Auction

Fortum Power (Alpha Energy), SJVN, Hinduja Renewables Energy, and UPC Renewables (AMSA Solar Energy) were declared winners in the Gujarat Urja Vikas Nigam’s (GUVNL) auction to purchase power from 500 ...
Gujarat Reduces Additional Surcharge for Open Access Consumers to ₹0.25kWh

Gujarat Reduces Additional Surcharge for Open Access Consumers to ₹0.25/kWh

In a bid to promote open access in the state, the Gujarat Electricity Regulatory Commission (GERC) has reduced the additional surcharge payable by open access consumers to the state distribution ...
/ / Markets & Policy, Solar
Surplus Energy from Rooftop Solar to be Compensated at a Ceiling Tariff of ₹4/kWh for FY21

Surplus Energy from Rooftop Solar to be Compensated at a Ceiling Tariff of ₹4/kWh for FY21

The Gujarat Electricity Regulatory Commission (GERC) has reiterated that distribution companies (DISCOMs) procuring surplus energy from rooftop solar projects must consider the average power purchase cost (APPC) of ₹4 (~$0.053)/kWh ...
/ / Markets & Policy, Solar
EPC Tender Floated for 220 MW of Solar Projects in Gujarat

EPC Tender Floated for 220 MW of Solar Projects in Gujarat

Gujarat State Electricity Corporation Limited (GSECL) has invited bids from contractors for an engineering, construction, and procurement (EPC) package along with land for the development of 220 MW(AC) of grid-connected ...
/ / Solar, Tenders & Auctions
GUVNL Invites Bids to Procure Power from 500 MW of Solar Projects

GUVNL Invites Bids to Procure Power from 500 MW of Solar Projects

Gujarat Urja Vikas Nigam Limited (GUVNL) has invited bids from developers to purchase power from 500 MW of grid-connected solar power projects (Phase-XIII). The last date to submit the bids ...
/ / Solar, Tenders & Auctions
Five Lowest Solar Tariffs in 2021 (Infographics)

Five Lowest Solar Tariffs in 2021 [Infographics]

Almost 20 GW of solar projects were auctioned in India in 2021. The lowest tariff discovered in these auctions was ₹2.14 (~$0.028)/kWh, an increase of nearly 8% compared to the ...
/ / Mercom Research Focus, Other