PFCL Floats Empanelment Tender for Metering Infrastructure Service Providers

Solarium Green Energy Receives BSE Nod for Initial Public Offering

Power Transmission Company Kalpataru Projects Raises ₹10 Billion in QIP

Himachal Regulator Approves Tariff for 900 MW Hybrid Power Projects

Daily News Wrap-Up: HPERC Allows DISCOM To Procure 550 MW Solar Power

MES Invites Bids for Maintenance of 1.7 MW Solar Project

Exploring Solar Open Access Potential in Odisha and Haryana

Karnataka Floats EPC Tender for 1.2 MW Solar Project

Himachal Regulator Allows DISCOM to Procure 550 MW Solar Power from SECI

Agri-Solar Solutions Provider GK Energy Files Papers for ₹5.01 Billion IPO


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					</table><p><a href="https://www.inkel.in/" target="_blank" rel="noopener">INKEL</a>, a public-private partnership initiative promoted by the Kerala government, has invited expressions of interest for the engineering, construction, and procurement of 14 MW of wind power projects at Ozhalapathy and Vadakarapathy in the Palakkad district of Kerala.</p>
<p>The last day to submit the bids is September 20, 2024.</p>
<p>The scope encompasses the project site&#8217;s design and supply of wind turbine generators, including insurance, transportation, and secure logistics. It also involves the erection, testing, and commissioning of 14 MW (±10%) wind power project, along with power evacuation to the pooling station.</p>
<p>The contractor must provide the necessary support to obtain approvals related to connectivity and the tariff metering system. The scope includes conducting a performance guarantee test and overseeing the operation and maintenance of the entire wind power project for ten years, which consists of a one-year warranty from the commercial operation date.</p>
<p>Bidders should have completed three similar works of rated capacity not less than a cumulative capacity of 4 MW of wind turbine generators or two similar works of rated capacity not less than 6 MW of wind turbine generators.</p>
<p>Alternatively, they should have completed at least one similar work of rated capacity not less than a cumulative capacity of 12 MW of wind turbine generators during the last seven years.</p>
<p>Similar work means engineering, procurement, and construction contracts for a rated capacity of 2 MW of wind turbine generators.</p>
<p>The bidders&#8217; average annual turnover during the last three financial years should be at least ₹500 million (~$5.95 million).</p>
<p>The wind turbine generators offered by the contractors should be type-approved and listed in the Revised List of Models and Manufacturers issued by the Ministry of New and Renewable Energy.</p>
<p>India added 770 MW of wind energy capacity in Q2 2024, down 32% YoY from 1,139.9 MW in Q2 2023. The capacity additions fell 33% quarter-over-quarter, according to <a href="https://www.mercomindia.com/research" target="_blank" rel="noopener">Mercom India Research</a>.</p>
<p>In December 2023, the Ministry of New and Renewable Energy <a href="https://www.mercomindia.com/mnre-unveils-revised-wind-power-projects" target="_blank" rel="noopener">revised</a> its 2016 policy for repowering wind power projects to facilitate the replacement of older turbines.</p>


INKEL Invites Expressions of Interest for 14 MW of Wind Projects in Kerala


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					</table><p><a href="https://www.mercomindia.com/india-record-solar-capacity-q1-2024/" target="_blank" rel="noopener"><strong>India achieved a milestone by adding over 10 GW of solar capacity in the first quarter (Q1) of 2024, the highest quarterly installation to date. This figure represents an almost 400% year-over-year increase</strong></a> compared to the over 2 GW installed in Q1 2023, according to the recent <a href="https://www.mercomindia.com/product/q1-2024-india-solar-market-update" target="_blank" rel="noopener">Q1 2024 India Solar Market Update</a> from Mercom India Research. Quarter-over-quarter capacity additions also surged 414% from nearly 2 GW in Q4 2023. In Q1 2024, India installed 9.7 GW of large-scale solar capacity, which included 1.8 GW from open access solar projects.</p>
<p><a href="https://www.mercomindia.com/gujarat-awards-solar-projects-pm-kusum/" target="_blank" rel="noopener"><strong>The Government of Gujarat has awarded 479 MW of solar projects to various developers under the Pradhan Mantri Kisan Urja Suraksha Evam Uthan Mahabhiyaan (PM KUSUM). The projects were tendered for feeder-level solarization</strong></a> under Component C of the PM KUSUM program and are expected to be operational by the end of 2024. The winning companies include Onix Renewable, Indian Infrastructure and Project India, WAA Solar, Raghuvir Avenues, and GreenBloom Energy, among others. The quoted tariffs ranged from ₹2.87(~$0.0345)/kWh to ₹3.00(~$0.0360)/kWh.</p>
<p><a href="https://www.mercomindia.com/recpdcl-invites-solar-power-project-in-uttar-pradesh/" target="_blank" rel="noopener"><strong>REC Power Development and Consultancy has invited bids for the design, engineering, supply, construction, erection, testing, and commissioning of a 200 MW ground-mounted solar power project at Jhansi, Uttar Pradesh.</strong></a> The last date for submitting bids is June 6, 2024. Bids will be opened the same day. Bidders must pay ₹25,000 (~$300.36) plus 18% GST for the bidding document and ₹1 million (~$12,014) plus 18% GST as the tender processing fee. They must also submit an earnest money deposit of ₹35 million.</p>
<p><a href="https://www.mercomindia.com/inkel-invites-bids-for-om-projects-across-kerala/" target="_blank" rel="noopener"><strong>INKEL, a public-private partnership initiative promoted by the Government of Kerala, has invited bids from contractors for operating and maintaining 15.7 MW grid-connected ground-mounted solar power projects</strong></a> at various locations in Kerala. The last date for submitting bids is May 24, 2024. Bids will be opened the same day. Bidders have to pay ₹1,000 (~$12.01) + GST. The contract is for two years from the date of site handover.</p>
<p><a href="https://www.mercomindia.com/gujarat-exempts-rooftop-solar-technical-feasibility/" target="_blank" rel="noopener"><strong>Gujarat Electricity Regulatory Commission has issued its Draft Gujarat Electricity Regulatory Commission (Net Metering Rooftop Solar PV Grid Interactive Systems) (Fourth Amendment) Regulations, 2024.</strong></a> This draft introduces specific provisions for low- and high-tension consumers installing rooftop solar systems, aiming to enhance the integration of larger solar capacities into the grid while ensuring equitable cost distribution. The regulator has exempted rooftop systems with a capacity of up to 10kW from getting a technical feasibility study done.</p>
<p><a href="https://www.mercomindia.com/torrent-powers-revenue-q4-fy-2024/" target="_blank" rel="noopener"><strong>Gujarat-based Torrent Power recorded a revenue of ₹65.29 billion (~$784.36 million) for the fourth quarter of the financial year (FY) 2023-24, a year-over-year (YoY) increase of 8%. The company’s profit after tax</strong></a> for the quarter was ₹4.47 billion (~$53.7 million), an 8% YoY decrease. Torrent Power’s earnings before interest, tax, depreciation, and amortization for the January-March period rose by 2% YoY to ₹12.06 billion (~$144.88 million). During the quarter, the company’s solar plant load factor (PLF) declined to 20% from 21.6%, while wind PLF increased to 20.8% from 20.3%.</p>
<p><a href="https://www.mercomindia.com/inkel-om-tender-solar-projects-kerala/" target="_blank" rel="noopener"><strong>INKEL has invited bids from contractors for O&amp;M 2.15 MW of grid-connected ground-mounted solar power projects at various locations in Kerala for two years. The last date for submitting bids is May 27, 2024.</strong></a> Bids will be opened the next day. Bidders must pay a tender fee of ₹1,000 (~$12.01). The selected contractor must submit a performance guarantee for 5% of the yearly O&amp;M contract value before entering into the contract agreement.</p>
<p><a href="https://www.mercomindia.com/carbon-nanotube-maker-production-and-market-reach/" target="_blank" rel="noopener"><strong>Bengaluru-based technology startup NoPo Nanotechnologies raised $3 million in a pre-Series A funding round by Axilor’s Micelio Fund and Inflexor Ventures. The funds will be used to scale production, improve engineering capabilities,</strong></a> and implement a global market strategy. NoPo said it has developed innovative technology to produce high-quality single-walled carbon nanotubes (SWCNTs), which have been in development for the past decade. SWCNTs are advanced materials with potential applications in various fields, such as improving energy density in EV batteries and aiding researchers in semiconductor design for quantum computing.</p>
<p><a href="https://www.mercomindia.com/researchers-from-japan-develop-for-hydrogen-storage/" target="_blank" rel="noopener"><strong>Researchers at Tohoku University in Japan have developed a data-driven model that can predict barriers related to dehydrogenation, a chemical reaction that involves the release of hydrogen in magnesium hydride,</strong></a> a promising material for solid-state hydrogen storage. This process of solid-state hydrogen storage binds the gas to a metal hydride using moderate heat and pressure. The hydrogenated material can then be safely stored at normal temperature and pressure without any hydrogen escaping. The process is then repeated with different pressure and temperature conditions for dehydrogenation.</p>
<p><a href="https://www.mercomindia.com/researchers-find-low-toxic-perovskite-solar-cells/" target="_blank" rel="noopener"><strong>Researchers from Swansea University have found that introducing compatible hole-transport materials between perovskite and carbon can significantly enhance the performance of perovskite solar cells (PSC).</strong></a> PSCs offer a potential solution for efficient and economical renewable energy production. However, their widespread adoption is hindered by the lack of scalable fabrication methods. Roll-to-roll processing is a promising approach for large-scale manufacturing, particularly when incorporating carbon electrodes. This brings benefits such as cost-effectiveness and stability.</p>


Daily News Wrap-Up: India Adds 10 GW of Solar Capacity in Q1 2024


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					</table><p><a href="https://inkel.in/" target="_blank" rel="noopener">INKEL</a>, a public-private partnership initiative promoted by the Government of Kerala, has invited bids from contractors for operating and maintaining (O&amp;M) 2.15 MW of grid-connected ground-mounted solar power projects at various locations in Kerala for two years.</p>
<p>The last date for submitting bids is May 27, 2024. Bids will be opened the next day.</p>
<p>Bidders must pay a tender fee of ₹1,000 (~$12.01).</p>
<p>The selected contractor must submit a performance guarantee for 5% of the yearly O&amp;M contract value before entering into the contract agreement.</p>
<p>Site locations and solar project capacities are:</p>
<ul>
<li>Thiruvananthapuram – 110kV Substation KSEBL Balaramapuram (100 kW)</li>
<li>Thiruvananthapuram – 110kV Substation KSEBL Neyyattinkara (50 kW)</li>
<li>Thrissur – 110kV Substation KSEBL, Pudukad (100 kW)</li>
<li>Kozhikode – Kozhikode Diesel Power Plant, KSEBL Nallalam (200 kW)</li>
<li>Kozhikode – Kakkayam Small Hydro Electric Project, KSEBL Kakkayam (100 kW)</li>
<li>Kozhikode – KSEBL land Thalakulathur (250 kW)</li>
<li>Kannur – Peralassery Grama Panchayath (150 kW)</li>
<li>Kannur – 110kW Substation KSEBL Pazhayangadi (100 kW)</li>
<li>Palakkad – 110kW Substation KSEBL Kozhinjampara (250 kW)</li>
<li>Palakkad – 110kW Substation KSEBL Cheruppulassery (450 kW)</li>
<li>Kasaragod – 110kW Substation KSEBL Manjeswaram (400 kW)</li>
</ul>
<p>Bidders must be GST-registered. They must have experience as a solar system integrator, Urjamitra center accredited by the Agency for New and Renewable Energy Research and Technology, or electrical substation O&amp;M service provider.</p>
<p>They must have also experience operating and maintaining ground-mounted solar power projects with high-tension infrastructure.</p>
<p>The scope of work includes routine and non-routine maintenance, project operation, carrying out all responsibilities for safe and efficient operation and maintenance in compliance with standards, and adhering to regulatory obligations.</p>
<p>The minimum performance ratio required is 75%.</p>
<p>INKEL can terminate the contract by giving a termination notice to the contractor if they fail to fulfill the obligations under this contract, do not apply due diligence in carrying out O&amp;M activities, breach or compromise the safety of the personnel and equipment at the site, and nearby customer premises, or if the works carried out is unsatisfactory.</p>
<p>Recently, INKEL has also <a href="https://www.mercomindia.com/inkel-invites-bids-for-om-projects-across-kerala/" target="_blank" rel="noopener">invited</a> bids from contractors for operating and maintaining 15.7 MW grid-connected ground-mounted solar power projects at various locations in Kerala.</p>
<p>Earlier, INKEL <a href="https://www.mercomindia.com/inkel-tender-mounting-structures" target="_blank" rel="noopener">issued</a> a tender for module mounting structures for a 3.5 MW solar power project in Mylatty of Kasaragod district.</p>
<p>Subscribe to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker </a>to stay on top of real-time tender activity.</p>


INKEL Floats O&M Tender for 2.15 MW of Solar Projects Across Kerala


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					</table><p><a href="https://inkel.in/" target="_blank" rel="noopener">INKEL</a>, a public-private partnership initiative promoted by the Government of Kerala, has invited bids from contractors for operating and maintaining 15.7 MW grid-connected ground-mounted solar power projects at various locations in Kerala.</p>
<p>The last date for submitting bids is May 24, 2024. Bids will be opened the same day.</p>
<p>Bidders have to pay ₹1,000 (~$12.01) + GST.</p>
<p>The contract is for two years from the date of site handover.</p>
<p>Site locations and the capacity of solar power plants are as follows:</p>
<ul>
<li>A solar power project at the 110kV KSEBL Substation Kottiyam with a capacity of 600 kW in Kollam</li>
<li>Two solar projects &#8212; one at the 220kV KSEBL Substation Brahmapuram with a capacity of 2.25 MW, and another at KSEBL Land Brahmapuram with a capacity of 0.5 MW – in Ernakulam</li>
<li>Two projects &#8212; one at the 220kV KSEBL Substation Kanjikode with a capacity of 3 MW, and another at the 110kV KSEBL Substation Nenmara with a capacity of 1.5 MW – in Palakkad.</li>
</ul>
<p>The scope of work includes routine and non-routine maintenance, project operation, carrying out all responsibilities for safe and efficient operation and maintenance in compliance with standards, and adhering to regulatory obligations.</p>
<p>The minimum performance ratio required is 75%.</p>
<p>Bidder must meet the following eligibility criteria: (a) be registered under GST; (b) have experience as a solar PV system integrator, ANERT accredited Urjamitra center, or electrical substation O&amp;M service provider; and (c) possess experience in operating and maintaining ground-mounted solar power projects with HT infrastructure.</p>
<p>The contractor must submit a performance guarantee of 5% of the yearly O&amp;M contract value awarded after the contract is awarded.</p>
<p>Liquidated damages will apply in case of outages. If the project experiences an outage due to component failure resulting from inadequate maintenance and is not rectified within seven days, INKEL reserves the right to seek liquidated damages.</p>
<p>INKEL also reserves the right to terminate the contract at any time during the contract period under certain circumstances.</p>
<p>Recently, INKEL <a href="https://www.mercomindia.com/inkel-tender-mounting-structures" target="_blank" rel="noopener">issued</a> a tender for module mounting structures for a 3.5 MW solar power project in Mylatty of Kasaragode district.</p>
<p>Last year, INKEL <a href="https://www.mercomindia.com/kerala-invites-bids-solar-power-projects" target="_blank" rel="noopener">invited</a> bids to select a contractor to supply the balance of system items, installation, and commissioning of 2.7 MW grid-connected ground mount solar projects in the state.</p>
<p>Subscribe to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker </a>to stay on top of real-time tender activity.</p>


INKEL Invites Bids for O&M of 15.7 MW Solar Projects Across Kerala


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					</table><p><a href="https://www.mercomindia.com/government-ensure-energy-demand-summer/" target="_blank" rel="noopener"><strong>Anticipating an energy demand higher than in previous years as temperatures rise across the country, the government is taking measures to ensure zero load shedding in the summer</strong> <strong>months.</strong></a> Union Minister for Power and New &amp; Renewable Energy R. K. Singh has held a series of meetings where it was stressed that all stakeholders should do adequate planning to prevent a situation in which one state has surplus power while another state faces power shortages.</p>
<p><a href="https://www.mercomindia.com/guvnl-to-procure-power-o2-power/" target="_blank" rel="noopener"><strong>The Gujarat Electricity Regulatory Commission has, in a recent order, adopted the tariff of </strong><strong>₹</strong><strong>2.81 ($0.033)/kWh quoted by TEQ Green Power, a subsidiary of O2 Power, developing a 200 MW solar project at the Dholera Solar Park.</strong></a> The order was in response to a petition filed by the Gujarat Urja Vikas Nigam Limited concerning the bidding process conducted on March 18, 2020, to procure power from Dholera Solar Park. Of the quoted capacity of 500 MW, TEQ Green was allocated 200 MW at ₹2.81 ($0.033)/kWh.</p>
<p><a href="https://www.mercomindia.com/inkel-tender-mounting-structures/" target="_blank" rel="noopener"><strong>INKEL, a public-private partnership initiative promoted by the Government of Kerala, has issued a tender for module mounting structures for a 3.5 MW solar power project</strong> <strong>in Mylatty of Kasaragod district in the state.</strong></a> The deadline for bid submission is April 11, 2024. Bids will be opened on the same day. The tender calls for the supply of hot-dip galvanized mounting structures. These structures undergo a galvanization process involving dipping the steel components in a molten zinc bath, resulting in corrosion and rust resistance.</p>
<p><a href="https://www.mercomindia.com/us-solar-domestic-supply-chain/" target="_blank" rel="noopener"><strong>An entirely U.S.-based solar manufacturing supply chain, touted as a key pillar of the country’s Inflation Reduction Act (IRA), cannot flourish amidst an oversupply of both components and finished products from China</strong></a>, warns a recent white paper by the Solar Energy Manufacturers for America (SEMA) coalition. According to SEMA, the subsidized overseas manufacturers from China and Southeast Asia are using questionable trade tactics to undermine the billions of dollars in investment released after the passage of IRA for developing a domestic supply chain for solar module manufacturing.</p>
<p><a href="https://www.mercomindia.com/innovation-threatens-solar-reliability/" target="_blank" rel="noopener"><strong>The accelerating technological advancement of solar modules risks exacerbating the challenges of durability and cell degradation, according to a new review from the National Renewable Energy Laboratory</strong>,</a> which examined the reliability implications of emerging trends in crystalline-silicon photovoltaic module design. The trends, grouped into four categories, cover larger module sizes, new cell interconnection methods, the rise of bifacial modules, and a transition to next-generation high-efficiency solar cells.</p>


Daily News Wrap-Up: Government to Ensure Zero Load Shedding in Summer


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					</table><p><a href="https://inkel.in/" target="_blank" rel="noopener">INKEL</a>, a public-private partnership initiative promoted by the Government of Kerala, has issued a tender for module mounting structures for a 3.5 MW solar power project in Mylatty of Kasaragode district in the state.</p>
<p>The deadline for bid submission is April 11, 2024. Bids will be opened on the same day.</p>
<p>The tender calls for the supply of hot-dip galvanized mounting structures. These structures undergo a galvanization process involving dipping the steel components in a molten zinc bath, resulting in corrosion and rust resistance.</p>
<p>The scope of supply includes fabrication, machining, hot-dipping, testing, and delivery of the ground-mount solar PV module mounting structures as per approved drawings and technical specifications. The successful bidder must also provide stainless steel fasteners for module assembly and installation.</p>
<p>The project site at Mylatty will house 350 table sets, each with 30 polycrystalline PV modules in a 15&#215;2 arrangement, with an anticipated module weight of 22 kg each. The mounting structures must withstand environmental conditions for 25 years, including the ability to withstand wind speeds of up to 150 km/hr. The structures must have a minimum tilt angle of 10-13 degrees facing true south.</p>
<p>Bidders must submit an earnest money deposit of ₹50,000 (~$615) and a tender fee of ₹5,900 (~$73).</p>
<p>Bidders must be module mounting structure manufacturer or their authorized dealers. They should have supplied mounting structures for solar projects of more than 5,000 kW capacity in the last three financial years. They must have an annual turnover of ₹10 million (~$123,000) or more in the preceding five financial years.</p>
<p>The successful bidder can expect a payment schedule with 5% as an advance against a bank guarantee, 50% on delivery of materials at the site, and the remaining 45% upon site acceptance testing and the goods receipt note.</p>
<p>Last year, INKEL <a href="https://www.mercomindia.com/kerala-invites-bids-solar-power-projects" target="_blank" rel="noopener">invited</a> bids to select a contractor to supply the balance of system items, installation, and commissioning of 2.7 MW grid-connected ground mount solar projects in the state.</p>
<p>In 2022, it <a href="https://www.mercomindia.com/empanelment-tender-14-mw-wind-power-projects-kerala" target="_blank" rel="noopener">invited</a> bids to develop 14 MW of wind power projects at Ozhalapathy and Vadakarapathy in the Palakkad district of Kerala.</p>
<p>Subscribe to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker </a>to stay on top of real-time tender activity.</p>


INKEL Tenders Supply of Module Mounting Structures for 3.5 MW Solar Project


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					</table><p><a href="https://www.mercomindia.com/jinko-trina-adani-top-solar-module-suppliers-2022" target="_blank" rel="noopener"><strong>Jinko Solar, Trina Solar, Adani Solar, LONGi Solar, and JA Solar were the top solar module suppliers in the calendar year 2022, according to Mercom’s recently released India Solar Market</strong> <strong>Leaderboard 2023.</strong></a> The report covers market shares and rankings across the Indian solar supply chain and provides the most accurate and comprehensive coverage of India’s solar industry leaders. The report captured notable shifts in market share rankings, with most players changing places in the list.</p>
<p><a href="https://www.mercomindia.com/merc-claim-gst-bcd-change" target="_blank" rel="noopener"><strong>The Maharashtra Electricity Regulatory Commission has directed the Maharashtra State Electricity Distribution Company (MSEDCL) to pay ReNew Sun Bright ₹32.8 million (~$397,190)</strong></a> towards increased Basic Customs Duties on solar inverter imports and ₹26.9 million (~$325,744) towards increased Goods and Services Tax rate on renewable energy devices. The Commission directed MSEDCL to decide and inform the mode of payment – lump sum or installments – within a month.</p>
<p><a href="https://www.mercomindia.com/kerala-invites-bids-solar-power-projects" target="_blank" rel="noopener"><strong>INKEL, a public-private partnership initiative promoted by the Government of Kerala, has invited bids to select a contractor for the supply of Balance of System items, installation</strong></a>, and commissioning of 2.7 MW grid-connected ground mount solar projects in the state. INKEL has floated two tenders for 1.5 MW and 1.2 MW to be developed at the Nenmara and Kanjikkode substations, respectively.</p>
<p><a href="https://www.mercomindia.com/orsted-eversource-offshore-seabed-625-million" target="_blank" rel="noopener"><strong>Denmark-based renewable energy developer Ørsted has inked a $625 million deal to buy out Eversource Energy’s 50% stake in a federal offshore wind lease area they currently co-own.</strong></a> The deal also covers contracts and partnerships for essential operational assets in the U.S. Northeast. The deal is expected to close in the third quarter of 2023. The lease area, ‘Lease 500,’ covers about 187,000 acres of uncontracted seabed and can produce up to 4 GW of power. The deal also includes contracts and leases for key port facilities and other assets in Rhode Island, Connecticut, and New York.</p>
<p><a href="https://www.mercomindia.com/indias-energy-sector-investment-opportunity-r-k-singh" target="_blank" rel="noopener"><strong>Union Minister for Power and New and Renewable Energy R. K. Singh has assured the investor community that India’s power sector is sounder than ever and exhorted them to seize the growing</strong></a> market opportunities in the country. Addressing the CII Annual Session 2023, he highlighted the significant investment opportunities stemming from India’s rapidly growing energy demand and steadfast commitment to sustainable growth.</p>
<p><a href="https://www.mercomindia.com/lg-and-hyundai-to-build-4-3-manufacturing-unit-in-us" target="_blank" rel="noopener"><strong>LG Energy Solution (LGES) and Hyundai Motor Group have announced a joint venture to manufacture electric vehicle battery cells in the United States.</strong></a> The partnership aims to accelerate the group’s electrification efforts in North America and establish a strong foundation for the global EV transition. The joint venture will be in Bryan County, Savannah, Georgia, adjacent to Hyundai Motor Group Metaplant America, which is under construction. With an investment of over KRW 5.7 trillion (~$4.3 billion), LGES and Hyundai Motor Group will each hold a 50% stake in the venture.</p>
<p><a href="https://www.mercomindia.com/namibia-greenlights-green-hydrogen-project" target="_blank" rel="noopener"><strong>The Government of the Republic of Namibia approved the government’s entry into a $10 billion Feasibility and Implementation agreement with Hyphen Hydrogen Energy</strong></a> to develop, implement, and operate Sub-Saharan Africa’s first large green hydrogen project as part of the government’s green hydrogen strategy. Hyphen Hydrogen Energy is a Namibian registered green hydrogen development company specifically formed to develop green hydrogen projects in Namibia for international, regional, and domestic supply.</p>
<p><a href="https://www.mercomindia.com/stora-enso-1-billion-green-bonds" target="_blank" rel="noopener"><strong>Renewable materials-based paper and packaging solutions company Stora Enso has issued two green bonds worth €500 million (~$536 million) each under its Euro Medium Term Note program.</strong></a> These bonds will be listed on the Luxembourg Stock Exchange. These bonds aim to raise funds for eligible projects and assets that contribute to the transition towards a low-carbon and environmentally sustainable society, aligning with the Helsinki-based Stora Enso’s sustainability agenda and goals. The eligible asset categories include renewable energy, waste to energy, energy efficiency, and pollution control.</p>


Daily News Wrap-Up: Chinese Companies Dominated Solar Module Supplies in 2022


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					</table><p><a href="https://www.inkel.in/" target="_blank" rel="noopener">INKEL</a>, a public-private partnership initiative promoted by the Government of Kerala, has invited bids to select a contractor for the supply of Balance of System (BOS) items, installation, and commissioning of 2.7 MW grid-connected ground mount solar projects in the state.</p>
<p>INKEL has floated two tenders for 1.5 MW and 1.2 MW to be developed at the Nenmara and Kanjikkode substations, respectively.</p>
<p>The last date to submit bids for the <strong>1.5 MW solar project</strong> is June 17, 2023. Bids will be opened the next day.</p>
<p>The project’s estimated cost is ₹13.7 million (~$166,103). It must be completed within eight months of the site handover.</p>
<p>The last date for the <strong>1.2 MW solar project</strong> to submit bids is June 2, 2023. Bids will be opened the next day.</p>
<p>The estimated cost of the project is ₹11.5 million (~$139,189). The project must be completed within four months from the site handover.</p>
<p>Bidders have to furnish an amount of ₹50,000 (~$605.15) as an earnest money deposit each.</p>
<p>The successful bidder has to submit 5% of the total contract value as a performance security deposit for each project.</p>
<p>Bidders must have completed contracts of a similar nature in the last seven years.</p>
<p>They must have one project that amounts to 80% of the Price at Completion (PAC) of the tendered work or two projects that amount to 60% of the PAC, or three projects that amount to 40% of the PAC.</p>
<p>Similar work refers to the supply of BOS items along with the installation and commissioning of grid-connected ground-mount solar systems.</p>
<p>Bidders should have a minimum average annual turnover of ₹10 million (~$121,037) for the last five financial years.</p>
<p>In October 2022, INKEL <a href="https://www.mercomindia.com/empanelment-tender-14-mw-wind-power-projects-kerala" target="_blank" rel="noopener">invited</a> bids to develop 14 MW of wind power projects at Ozhalapathy and Vadakarapathy in the Palakkad district of Kerala.</p>
<p>Subscribe to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of tender activity in real time.</p>


Kerala Invites Bids for 2.7 MW Solar Power Projects


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					</table><p><a href="https://www.inkel.in/" target="_blank" rel="noopener">INKEL</a>, a public-private partnership initiative promoted by the Government of Kerala, has invited bids to develop 14 MW of wind power projects at Ozhalapathy and Vadakarapathy in the Palakkad district of Kerala.</p>
<p>The scope of work includes manufacturing, inspection at supplier&#8217;s works, supply, storage at site, insurance, transport, erection, testing, and commissioning of 14 MW of wind power projects along with a power evacuation system, including the approval for connectivity.</p>
<p>The scope also includes performance guarantee test, operation, and maintenance (O&amp;M) for ten years. The selected developer must also provide a one-year warranty for the entire wind power project from the commercial operation date and transfer of warranty of specific equipment by the original equipment manufacturer, as applicable, after the O&amp;M period to INKEL.</p>
<p>The last date to submit the bids is October 15, 2022.</p>
<p>The contract&#8217;s validity will be for two years from empanelment, after which INKEL will review the applicants for a renewal. INKEL will reserve the right to update the empanelment list for any of the categories by adding any qualifying companies in the future or removing any non-performing company from the empanelment list at any stage.</p>
<p>Bidders should have completed three similar works of rated capacity not less than a cumulative capacity of 6 MW of wind turbine generators or two similar works of rated capacity not less than a cumulative capacity of 8 MW of wind turbine generators. Alternatively, they should have completed at least one similar work of rated capacity not less than a cumulative capacity of 12 MW of wind turbine generators during the last seven years.</p>
<p>Similar work means engineering, procurement, and construction contracts for a rated capacity of 5 MW of wind turbine generators at a single location or owning and operating at least 50 MW of wind power projects.</p>
<p>Bidders&#8217; average annual turnover during the last three financial years should be at least ₹500 million (~$6.09 million).</p>
<p>The wind turbine generators offered by the contractors should be type-approved and listed in the Revised List of Models and Manufacturers issued by the Ministry of New and Renewable Energy.</p>
<p>In May this year, Kerala State Electricity Board <a href="https://mercomindia.com/bids-for-developing-65-mw-of-wind-projects-in-kerala/" target="_blank" rel="noopener">issued</a> a request for the selection of developers to set up 65 MW of grid-connected wind power projects in Kerala under tariff-based competitive bidding.</p>
<p>Subscribe to Mercom&#8217;s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of tender activity in real time.</p>


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