Indian Solar Industry Sluggish Amid General Elections
The 2019 general elections are currently underway in India. In recent months, with the country gearing up for one of the biggest democratic exercises, the solar tender and auction activity ...
Solar Auctions in 2018: Who Had the Biggest Share of the Pie?
India's solar market is on a roll with over 24 GW of large-scale solar photovoltaic (PV) capacity installed in the country as of December 2018. According to Mercom India Research, ...
2018 Ends with a Bang with Solar Tenders of Over 13 GW Announced in December
After a lull, the month of December 2018 witnessed a huge surge in tender announcements, nearly nine times more than the 1.4 GW tendered in November 2018. This was also ...
UPDATED – How Low Did It Go: 5 Lowest Solar Tariffs Quoted in 2018
In 2018, over 13 GW of solar capacity was auctioned through the year with the lowest discovered tariff in these auctions recorded at ₹2.44 (~$0.0355)/kWh, which has quoted four times ...
Solar Tender and Auction Activity Declined in November with 1.4 GW and 61 MW Respectively
Over 1.4 GW of solar projects were tendered in the month of November, which is nearly half the capacity compared to October, according to Mercom’s India Solar Tender Tracker. This ...
Recent Cancellations of Solar Auctions Have Set a Bad Precedent
India’s efforts to grow solar energy has suffered some setbacks recently. The solar industry is trying to overcome the recently announced safeguard duty but the recent cancellation of auctions has ...
Fortum Wins 110 MW of Solar and 823 MW of Wind Projects in Russian CSA Auction
Fortum Corporation, a Finnish energy company, has won a Russian Capacity Supply Agreement (CSA) auction to develop 110 MW of solar capacity. The solar power project is set to be ...
L1 Tariff of ₹2.71/kWh Quoted in MSEDCL’s 1 GW Solar Auction
Lowest (L1) tariff of ₹2.71 (~$0.0401)/kWh was quoted in the auction held by Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the development of 1 GW of grid-connected solar photovoltaic ...
November Solar Tenders Fall to 300 MW and Auctions Drop to 5 MW in India
Solar tender and auction activity in India had a steep decline in November 2017. The solar capacity tendered across the country during the month fell by 25 percent to 300 ...
SECI Opens Financial Bids for 13 MW of Grid-Connected Solar Projects
The Solar Energy Corporation of India (SECI) has opened the financial bids to develop 13 MW of grid-connected solar photovoltaic (PV) projects in two separate auctions. SECI tendered an 8 ...
Indian Solar Installations Totaled a Record 2.2 GW in Q3 as Uncertainties Loom
Indian solar installations totaled 2,247 MW in Q3 2017, up 300 MW from Q2 according to the recently released India Solar Market Update by Mercom India Research. However, like in ...
India’s Solar Auction Activity Falls 55% in October While Tenders Rise 25%
Solar project auction activity in October 2017 witnessed a steep 54.9% decline while tenders were up 25.3 percent compared to September 2017 in India. Major Tenders The Punjab State Power ...
Top Headlines and Data Points from Indian Renewable Energy Sector in September 2017
The International Finance Corporation (IFC), a member of the World Bank, will provide a $50 million (~₹3.2 billion) loan to ACME Jaipur Solar Power Private Limited, a wholly-owned subsidiary of ...
India Solar Auction Activity Increases in September, Tender Announcements Fall
In September 2017, solar auction activity increased in India. Compared to the 76 MW auctioned in August, 602 MW of solar were auctioned in September. Meanwhile solar tender announcements witnessed ...
Solar Auction Activity in India Falls of a Cliff in August
In August, solar auctions fell precipitously in India. Compared to the robust auction activity in June, solar auctions by MWs fell by 95% in August with only 76 MW. Solar ...
Solar Tender and Auction Activity in India Dropped Significantly in July 2017
Solar tenders and auctions in India slowed down substantially in July 2017. Uncertainty surrounding the applicable GST rates for solar, DISCOMs seeking lower tariffs after the Bhadla record-low bid, and ...
India Installs 4.8 GW of Solar in the First Half of 2017, Eclipsing All of 2016
1.9 GW installed in Q2 2017, over 10 GW projected in 2017 The Indian solar market added 1,869 megawatts (MW) in the second quarter of 2017, bringing installations in the ...
New Record Low Solar Tariff of Rs.3.30/kWh Logged at Rewa Solar Park Auction in Madhya Pradesh
First Year Tariff of Rs.2.97/kWh - One of the Lowest in the World In the recently concluded 750 MW Rewa Solar Park auction in Madhya Pradesh, bids reached a new ...