Andhra Pradesh Accepts SECI's Offer for 9 GW of Solar at ₹2.49kWh

Andhra Pradesh Accepts SECI’s Offer for 9 GW of Solar at ₹2.49/kWh

The Andhra Pradesh government has agreed to procure 9 GW of solar power from the Solar Energy Corporation of India (SECI). SECI will supply power to the state's agriculture sector ...
/ / Markets & Policy, Solar
Tamil Nadu to Purchase 1,000 MW of Solar from SECI at ₹2.61/kWh

Tamil Nadu to Purchase 1,000 MW of Solar from SECI at ₹2.61/kWh

The Tamil Nadu Electricity Regulatory Commission (TNERC), in a recent order, approved the tariff of ₹2.61 (~$0,036)/kWh, including the trading margin of ₹0.07 (~$0.0009)/kWh, for procuring 1,000 MW of solar ...
/ / Markets & Policy, Solar
Tariffs of Manufacturing-Linked Solar Projects Reduced to ₹2.54/kWh from ₹2.92/kWh

Tariffs of Manufacturing-Linked Solar Projects Reduced to ₹2.54/kWh from ₹2.92/kWh

The tariff of ₹2.92 (~$0.04)/kWh discovered in the manufacturing-linked solar projects auction held in January last year has now been reduced to ₹2.54 (~$0.034)/kWh. Adani Green Energy (AGEL) and Azure ...
/ / Mercom Research Focus, Other
SECI Tenders to Source Land for Solar Projects for Agricultural Feeders in Uttar Pradesh

SECI Tenders to Source Land for Solar Projects for Agricultural Feeders in Uttar Pradesh

The Solar Energy Corporation of India (SECI) has issued an expression of interest for sourcing land to set up solar projects for the solarization of agricultural feeders in Uttar Pradesh ...
/ / Solar, Tenders & Auctions
Adani and ReNew Power Win the Largest Capacities in SECI’s 1.2 GW Wind Auction

Adani and ReNew Power Win the Largest Capacities in SECI’s 1.2 GW Wind Auction

ReNew Power, Green Infra Wind Energy (Sembcorp), Anupavan Renewables (EverGreen), Adani Renewable Energy, and Azure Power were declared winners in Solar Energy Corporation of India’s (SECI) auction for 1,200 MW ...
/ / Solar, Tenders & Auctions
SECI Pays ₹6.6 Billion Towards Solar and Wind Power Purchased in July

SECI Pays ₹6.6 Billion Towards Solar and Wind Power Purchased in July

The Solar Energy Corporation of India (SECI) paid ₹6.6 billion (~$89.3 million) to solar and wind developers for the power it purchased in July 2021, according to data released by ...
/ / Markets & Policy, Solar
NTPC, NLC India, Ayana, and Azure Power Winners in SECI’s 1.2 GW Wind-Solar Hybrid Auction

NTPC, NLC India, Ayana, and Azure Power Winners in SECI’s 1.2 GW Wind-Solar Hybrid Auction

NTPC Limited, NLC India, Project Ten Renewable Power (Ayana Renewable Power), and Azure Power were declared winners in the Solar Energy Corporation of India’s (SECI) auction for 1,200 MW interstate ...
/ / Solar, Tenders & Auctions
Telangana Regulator Approves PSAs for Solar and Solar Bundled With Thermal Power

Telangana Regulator Approves PSAs for Solar and Solar Bundled With Thermal Power

The Telangana State Electricity Regulatory Commission (TSERC), in a recent order, approved six power sale agreements (PSAs) dated June 18, 2016, between state distribution companies (DISCOMs) and NTPC for 400 ...
/ / Markets & Policy, Solar
CERC Directs SECI To Compensate Solar Developer for GST Claims

CERC Directs SECI to Compensate Solar Developer for GST Claims

The Central Electricity Regulatory Commission (CERC), in a recent order, directed the Solar Energy Corporation of India (SECI) to compensate a solar developer for the additional cost incurred due to ...
/ / Markets & Policy, Solar
Tata Power Solar Wins SECI’s 20 MW Solar with 50 MWh of Battery Energy Storage Auction

Tata Power Solar Wins SECI’s 20 MW Solar with 50 MWh of Battery Energy Storage Auction

Tata Power Solar Systems has won Solar Energy Corporation of India’s (SECI) auction for a 20 MW solar power project with a 50 MWh battery energy storage system (BESS). The project ...
/ / Solar, Tenders & Auctions
Daily News Wrap-Up: UPC-AC Energy Solar Commissions 150 MW of Solar Projects in India

Daily News Wrap-Up: UPC-AC Energy Solar Commissions 150 MW of Solar Projects in India

Here are some noteworthy cleantech announcements of the day from around the world: UPC-AC Energy Solar, the joint venture company of UPC Solar Asia Pacific and AC Energy and Infrastructure ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Reliance and Swiggy Ink Pact to Power Food Delivery in India with EVs

Daily News Wrap-Up: Reliance and Swiggy Ink Pact to Power Food Delivery in India with EVs

Here are some noteworthy cleantech announcements of the day from around the world: Fuel retailer Reliance BP Mobility Limited and food delivery app Swiggy have inked a pact to deploy ...
/ / Other, Renewable Energy
Uttar Pradesh Commission Approves ₹3.29kWh Tariff for a 150 MW Floating Solar Project

Uttar Pradesh Commission Approves ₹3.29/kWh Tariff for a 150 MW Floating Solar Project

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved the tariff of ₹3.29 (~$0.044)/kWh based on a petition filed by the Solar Energy Corporation of India (SECI) and the Uttar ...
/ / Markets & Policy, Solar
Commission Adopts Tariff for SECI’s 1,070 MW of Solar Projects in Rajasthan

Commission Adopts Tariff for SECI’s 1,070 MW of Solar Projects in Rajasthan

Rajasthan Electricity Regulatory Commission (RERC) has accepted the petition filed by Rajasthan Urja Vikas Nigam Limited (RUVNL) for the adoption of tariff discovered through a transparent bidding process for 1,070 ...
/ / Solar, Tenders & Auctions
The Solar Energy Corporation of India (SECI) has issued a notice inviting a tender for 2,000 MWh of standalone energy storage systems. The projects have to be set up on a build-own-operate (BOO) basis. SECI will enter into an agreement with the successful bidders selected based on the request for selection (RfS) for 25 years as per the terms, conditions, and provisions of the RfS. As this is only a notice announcing the tender, no details about the projects to be developed are available yet. The detailed tender document is likely to be made available on August 31, 2021. This is the largest tender announced for energy storage in India. Most other energy storage tenders were in combination with renewable energy sources, while this is for a standalone energy storage system. Last month, NTPC Limited invited expression of interest from Indian and global companies to set up 1,000 MWh of grid-connected battery energy storage systems (BESS) on the premises of its power projects across India. Interested applicants would be invited to undertake projects at single or multiple NTPC stations to set up facilities and scalable models for further additional requirements. According to Mercom’s India Solar Tender Tracker, SECI has issued 373 MW of solar tenders for projects with BESS as of December 2020. In December 2020, SECI floated a tender for a 20 MW solar project with a 50 MWh battery energy storage system. The project will be set up in Phyang, located in Leh district of the union territory of Ladakh. Mercom had earlier reported that SECI issued amendments to the tender document for 100 MW (AC) of solar power projects along with a 50 MW/150 MWh battery storage system. The project is slated to be developed at Rajnandgaon in Chhattisgarh. As per the amendments issued by SECI, the annual capacity utilization factor (CUF) guarantee has been removed. In the previous version, it was mentioned that if the contractor failed to achieve the annual guaranteed CUF (36.5%) at the end of the tenth year, then the contractor was liable to pay a compensation amount equal to the net present value of the revenue loss for 10th to 25th year. If the CUF was less than the guaranteed CUF, the contractor had to compensate as liquidated damages, equivalent to the remuneration of the equivalent energy, subject to a maximum of 100% of the total annual operation maintenance cost.

SECI Floats Tender for 2,000 MWh of Standalone Energy Storage Systems

The Solar Energy Corporation of India (SECI) has issued a notice inviting a tender for 2,000 MWh of standalone energy storage systems. The projects have to be set up on ...
AIIB Approves $50 Million Loan for Enel Green Energy's 300 MW Solar Project

AIIB Approves $50 Million Loan for Enel Green Energy’s 300 MW Solar Project

The Asian Infrastructure Investment Bank (AIIB), a multilateral development bank, announced that it has approved a $50 million loan facility to Italy-based Enel Green Power to develop a 300 MW solar project ...
/ / Finance and M&A, Solar
SECI Pays ₹6.61 Billion to Solar and Wind Developers for Power Purchased in June

SECI Pays ₹6.61 Billion to Solar and Wind Developers for Power Purchased in June

The Solar Energy Corporation of India (SECI) paid around ₹6.61 billion (~$89 million) to solar and wind developers for the power it purchased in June 2021, according to the data ...
/ / Markets & Policy, Solar
SECI Invites Bids for 1,200 MW of ISTS-Connected Solar Power Projects in Karnataka

SECI Releases Tender for 1,200 MW of ISTS Solar Projects in Karnataka

The Solar Energy Corporation of India (SECI) has released a tender for developing 1,200 MW of interstate transmission system (ISTS)-connected solar power projects (Tranche X) in Karnataka. The last date ...
IndiGrid Completes Acquisition of 100 MW Solar Projects from Fotowatio for ₹6.6 Billion

IndiGrid Completes Acquisition of 100 MW Solar Projects from Fotowatio for ₹6.6 Billion

The Indian power sector’s first infrastructure investment trust (InvIT), IndiGrid, announced the completion of the acquisition of a 100% stake in two solar assets with a cumulative capacity of 100 ...
/ / Finance and M&A, Solar
SECI Floats EPC Tender for a 100 MW Solar Project in Chhattisgarh

SECI Floats EPC Tender for a 100 MW Solar Project in Chhattisgarh

The Solar Energy Corporation of India (SECI) has invited bids for the engineering, procurement, and construction (EPC) of a 100 MW solar power project with land in Chhattisgarh. The successful ...
Tata Power and Azure Power Winners in MSEDCL’s 500 MW Wind-Solar Hybrid Auction

Tata Power and Azure Power Win MSEDCL’s 500 MW Wind-Solar Hybrid Auction

Tata Power and Azure Power were declared winners in the Maharashtra State Electricity Distribution Company Limited’s (MSEDCL) auction to procure power from 500 MW of from grid-connected interstate and intrastate ...
APTEL Upholds SECI’s Trading Margin of ₹0.07kWh for Solar and Hybrid Projects

APTEL Upholds SECI’s Trading Margin of ₹0.07/kWh for Solar and Hybrid Projects

The Appellate Tribunal for Electricity (APTEL) has upheld the Solar Energy Corporation of India’s (SECI) plea regarding the trading margin of power. The Tribunal refused to reduce the margin from ...
Regulator Allows Odisha's GRIDCO to Buy 500 MW of Solar from SECI at ₹2.61/kWh

Regulator Allows Odisha’s GRIDCO to Buy 500 MW of Solar from SECI at ₹2.61/kWh

In an important development, the Odisha Electricity Regulatory Commission (OERC) has approved the procurement of 500 MW solar power by GRIDCO from the Solar Energy Corporation of India (SECI). The ...
Solar Tender Activity up Year-over-Year in Q2 While Auctions Slowed

Solar Tender Activity Up Year-over-Year in Q2 While Auctions Slowed

According to Mercom India Research, government agencies announced tenders for 8.5 GW of solar projects in the second quarter (Q2) of the calendar year (CY) 2021, a 19% decrease compared to ...
SECI’s 1,785 MW Solar Tender Receives Staggering Response

SECI’s 1,785 MW Solar Tender Receives Staggering Response

The Solar Energy Corporation of India’s (SECI) tender for 1,785 MW of solar projects in Rajasthan (Tranche-IV) has received a huge response from the bidders, oversubscribed by 9.3 GW, according ...