NTPC Floats Tender to Procure 2.5 MW Central Inverters for Solar Project

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					</table><p>NTPC Green Energy (<a href="https://www.ngel.in/ngel-home" target="_blank" rel="noopener">NGEL</a>) has invited bids for procuring 2,500 kW central inverters for a 140 MW solar power project in Bilhaur, Uttar Pradesh.</p>
<p>Bids must be submitted by April 8, 2025. Bids will be opened on the same day.</p>
<p>Selected bidders must furnish a contract performance guarantee of 10% of the total order value.</p>
<p>They must procure TBEA’s model-TC2500KF central inverters which are fully compatible with the existing TBEA inverters installed at the Bilhaur solar project. They must be designed as direct replacements, requiring no modifications.</p>
<p>Successful bidders must submit an interchangeability certificate indicating the inverters’ compatibility with the project’s existing TBEA inverters and provide factory test reports upon material delivery.</p>
<p>The inverters must have a warranty of 12 months from the date of commissioning or 18 months from the date of receipt, whichever occurs earlier.</p>
<p>Delay in meeting project requirements will attract liquidated damages of 0.5% of the unexecuted order value per week of delay. However, the bidder’s liability will not exceed 5% of the awarded order value.</p>
<p>Bidders must be Class I local suppliers per the Public Procurement (Preference to Make in India), Order 2017, and subsequent amendments issued by the Department for Promotion of Industry and Internal Trade.</p>
<p>Bidders must submit their experience through authenticated documents such as work and purchase orders, letters of award, contract agreements, and client and completion certificates.</p>
<p>Bidders withdrawing their offers within the validity period will be barred from future NTPC tenders for six months from the withdrawal date.</p>
<p>Recently, NTPC Renewable Energy <a href="https://www.mercomindia.com/ntpc-renewable-energy-813-mw-wind-project-karnataka" target="_blank" rel="noopener">invited</a> bids for supplying and installing 271 wind turbine generators for an 813 MW interstate transmission system-connected power project in Bellary, Karnataka.</p>
<p>In the same month, NGEL <a href="https://www.mercomindia.com/ntpc-green-issues-eoi-5-mw-solar-12-mwh-battery" target="_blank" rel="noopener">invited</a> expressions of interest to develop a 5 MW solar project and a 4 MW/12 MWh battery energy storage system in Great Nicobar Island.</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> for timely updates on all solar tenders issued by various agencies in India.</p>



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					</table><p><a href="https://www.ngel.in/ngel-home" target="_blank" rel="noopener">NTPC Green Energy</a> has invited expressions of interest (EoI) to develop a 5 MW solar project and a 4 MW/12 MWh battery energy storage system in Great Nicobar Island.</p>
<p>This EoI is open to any Indian company, its consortium, affiliates, or representatives.</p>
<p>Bids must be submitted by April 18, 2025. Bids will be opened on April 24.</p>
<p>The EoI aims to engage well-qualified companies with relevant expertise to develop and execute the project efficiently. A detailed study must be conducted to assess the island’s energy requirements, evaluate the existing transmission system, and determine the optimal capacity for the renewable energy project and the necessary energy storage.</p>
<p>Bidders must outline their technical and commercial approach in alignment with NTPC Green Energy’s requirements for project installation. Submissions should include a comprehensive implementation plan, along with details of past experience in renewable energy and battery storage projects.</p>
<p>Additionally, bidders should provide information on different technologies, energy storage options, cost optimization strategies, and transit solutions.</p>
<p>The responses received in the EoI will be used by NTPC Green Energy to identify prospective companies that are technically and commercially capable of installing renewable energy projects at Great Nicobar Island. The information gathered will also help formulate specifications, qualifying criteria, and techno-commercial terms and conditions for the tender process.</p>
<p>Bidders should have commissioned combined or standalone solar and battery storage projects that are under execution or have been completed. Work orders of past or under-execution projects should be submitted along with the EoI. The work orders must be preferably from central government, state government, or public sector undertakings.</p>
<p>In January, NTPC Renewable Energy <a href="https://www.mercomindia.com/ntpc-invites-bids-for-1200-mw-solar-projects-with-600-mw-energy-storage/" target="_blank" rel="noopener">invited</a> bids to set up 1,200 MW interstate transmission system-connected solar power projects integrated with 600 MW/2,400 MWh (600 MW x 4 hours) energy storage systems.</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> for timely updates on all solar tenders issued by various agencies in India.</p>


NTPC Green Issues EoI for 5 MW Solar Project with 12 MWh Battery Storage


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					</table><p>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-silfab-solar-million/" target="_blank" rel="noopener">Mercom Capital Group</a></p>
<p><strong>Silfab Solar, a solar module manufacturer, has </strong><a href="https://mercomcapital.com/silfab-solar-raises-100-million/" target="_blank" rel="noopener"><strong>closed</strong></a><strong> $100 million in new financing to scale its state-of-the-art solar cell manufacturing plant</strong>. The funding comprises a $50 million equity investment led by funds advised by ARC Financial. The funding also includes investment from undisclosed existing co-investors and a $50 million senior secured financing led by Breakwall Capital, an energy-focused asset manager, and SR Alternative Credit.</p>
<p><strong>Iontra, a Colorado-based battery charging solutions provider for electric vehicles and residential energy storage systems, </strong><a href="https://mercomcapital.com/iontra-raises-45-million-in-series-c-funding/" target="_blank" rel="noopener"><strong>raised</strong></a><strong> $45 million in a Series C funding round</strong>. The company has raised $120.3 million through funding so far. Energy sector investor Volta Energy Technologies led the funding round with additional support from other unnamed investors. This funding will help increase its production and make it available for customers in 2025.</p>
<p><strong>MET Group, a Switzerland-based integrated energy company, <a href="https://mercomcapital.com/met-group-acquires-comax-france/" target="_blank" rel="noopener">announced</a> the acquisition of 100% shareholding in Comax France</strong>, a combined heat and power and battery storage project developer. The financial terms of the transaction remained undisclosed. With this acquisition, the company has expanded its assets portfolio in Western Europe. MET Group will support the construction of Comax’s ready-to-build projects that are expected to be operational by mid-2026.</p>
<p><strong>NTPC Green Energy’s ₹100 billion (~$1.19 billion) initial public offering (IPO) was </strong><a href="https://www.mercomindia.com/ntpc-green-energy-ipo-oversubscribed" target="_blank" rel="noopener"><strong>oversubscribed</strong></a><strong> 2.42 times at the end of the bidding window on November 22, 2024</strong>. The price band was set at ₹102-108 (~$1.21- 1.28) per equity share with a face value of ₹10 (~$0.119). The IPO saw bids for 1.43 billion shares, exceeding the 593.17 million shares on offer. The company’s shares were trading at a nil grey market premium. The shares will likely be listed on the BSE and NSE on November 25, 2024.</p>
<p>For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.</p>
<p>Read last week’s funding <a href="https://mercomcapital.com/funding-ma-roundup-lyten-acquires-battery-manufacturing-assets-from-cuberg/" target="_blank" rel="noopener">roundup</a>.</p>


Funding and M&A Roundup: Silfab Solar Raises $100 Million


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					</table><p><a href="https://www.mercomindia.com/telangana-discom-floats-tenders-for-3-mw-solar-power-projects" target="_blank" rel="noopener">Northern Power Distribution Company of Telangana has issued two tenders for 3 MW ground-mounted solar power projects</a> in Karimnagar and Sircilla districts. The last date to submit bids for both tenders is December 12, 2024. Bids will be opened on December 13, 2024. The project must be completed within six months. Bidders must pay a bid security of 2% of the bid amount. Bidders must pay a transaction fee of 0.03% on estimated contract value (ECV) up to ₹500 million (~$5.91 million) plus GST. In addition, the successful bidder must pay 0.04% of ECV with a cap of ₹10,000 (~$118.371) as a corpus fund.</p>
<p><a href="https://www.mercomindia.com/ntpc-green-energy-ipo-oversubscribed" target="_blank" rel="noopener">NTPC Green Energy’s ₹100 billion (~$1.19 billion) initial public offering (IPO) was oversubscribed 2.42 times at the end of the bidding</a> window on November 22, 2024. The price band was set at ₹102-108 (~$1.21- 1.28) per equity share with a face value of ₹10 (~$0.119). The IPO saw bids for 1.43 billion shares, exceeding the 593.17 million shares on offer. Retail investors led the demand, with a subscription rate of 3.44, followed by qualified institutional buyers at 3.32 and shareholders at 1.60. The non-institutional investors’ portion was subscribed 0.81 times, and the employees’ portion was 0.80. The company’s shares were trading at a nil grey market premium. The shares will likely be listed on the BSE and NSE on November 25, 2024.</p>


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