9.1 GW of Tenders Issued and 4 GW of Solar Projects Auctioned in Q2 2022
Various government agencies floated solar tenders totaling approximately 9.13 GW in the second quarter (Q2) of the calendar year (CY) 2022, an increase of 80% compared to the previous quarter, ...
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, ...
MNRE Reduces Performance Guarantee to 3% for Renewable Energy Tenders
The Ministry of New and Renewable Energy (MNRE) has reduced the performance security deposits to 3% of the contract value for all renewable tenders issued until March 31, 2023. The ...
Tenders Floated for Interstate Transmission System to Evacuate 21.5 GW of Renewables
REC Power Development and Consultancy Limited (RECPDCL) has issued global tenders to build two interstate transmission (ISTS) projects on a build, own, operate, and transfer basis to evacuate 21.5 GW ...
Empanelment Tender Issued for 20 MW of Residential Rooftop Solar Projects in Odisha
TP Central Odisha Distribution Limited (TPCODL) has invited bids to empanel vendors to install 20 MW of grid-connected residential rooftop solar systems under the Phase-II of Grid Connected Rooftop Solar ...
Solar Tenders Decrease, as Auctions Rise YoY in Q4 2021
Solar tenders totaling approximately 6 GW were floated by various government agencies in the fourth quarter (Q4) of the calendar year (CY) 2021, an increase of 6% compared to 5.8 ...
Bahrain Floats Tenders for 7.5 MW of Rooftop Solar Systems and EV Charging Stations
Bahrain has issued two tenders to develop 7.5 MW of grid-connected rooftop solar systems on government buildings and car parks. 5 MW of rooftop solar tender The Ministry of Education ...
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 ...
Month in a Minute: Top Headlines from Indian Renewable Sector in April 2021
Here is a recap of some of the most important headlines from April 2021: Distribution companies (DISCOMs) owed ₹123.45 billion (~$1.68 billion) to renewable energy generators (excluding disputed amounts) in ...
Solar Tariffs May Settle Around ₹2.50/kWh After Factoring BCD in Future Auctions
Despite the Covid-19 pandemic, the tendering and auctioning of solar power projects went on unhindered in 2020. About 32.5 GW of tenders were announced by various organizations, and 22 GW ...
Solar Tenders Rise by 27%, Auctions Up 163% in Q1 2021
Government agencies announced tenders for 10.6 GW of solar power projects in the first quarter (Q1) of 2021, an increase of 27% compared to 8.3 GW in the previous quarter, ...
Where is the Solar Market Headed: Changing Face of the Indian Solar Sector
The Covid-19 pandemic and the resultant nationwide lockdown capped off a turbulent 2020 for the Indian solar sector. The pandemic affected the solar supply chain and brought the solar industry ...
Solar Auctions Were Up in 2020 Despite the Pandemic, Tenders Activity Declined
2020 was not great for India's solar sector, which was adversely affected by the COVID-19 pandemic, which slowed down the development activity. The ongoing projects came to a grinding halt, ...
Tirunelveli Smart City Floats Tenders for 5 MW of Solar Projects
Tirunelveli Smart City Limited (TSCL) has floated two tenders to install 5 MW of solar projects in the district. The first tender is for 2 MW of solar projects at ...
Solar Tenders Rise by 14% as Auctions Decline in Q3 2020
The government agencies announced about 6.3 GW of tenders in the third quarter Q3 of the calendar year (CY) 2020, an increase of 14% compared to the previous quarter, according ...
Solar Auctions Rise, Tenders Fall in Q2 2020
Government agencies announced nearly 6 GW of solar tenders during the second quarter of 2020 (Q2 2020), a 58% decline compared to 13.4 GW in the previous quarter, according to ...
Uzbekistan Announces Tenders for 1.4 GW of Solar Projects
The Government of Uzbekistan has announced tenders for solar projects with a cumulative capacity of 1.4 GW. Under the first tender, 1 GW of solar projects will be developed with ...
Despite COVID-19, About $7 Billion Worth of Solar Tenders Announced in Q1
While the global pandemic continues to affect the solar industry around the world, India announced 14 GW of solar tenders. Despite the pandemic, about 3.5 GW of solar projects were ...
No More Tariff Caps for Solar and Wind Tenders
In an important and positive announcement for the domestic renewable industry, the Ministry for New and Renewable Energy (MNRE) said that upper ceiling tariffs or tariff caps will no longer ...
Solar Tender and Auction Announcements Declined Sharply in February
Tender announcements in February 2020 fell nearly 58% from the previous month, with only about 1.7 GW of solar projects announced, according to Mercom India’s Solar Tender Tracker. This is a ...
After a Slow November, Solar Tender and Auction Activity Picked Up in December 2019
The month of December 2019 saw a significant rise in the solar tender activity compared to the subdued activity in November 2019. The last month of 2019 also saw one ...
Solar Tender, Auction & Commissioning Delays Causing Liquidity Issues for Developers
According to several solar developers Mercom interacted with recently, there was unanimous agreement that the cost of participating in large-scale solar tenders has reduced their ability to actively bid for ...
GAIL Floats New Tender for 1.8 MW of Solar PV Projects in Madhya Pradesh
The Gas Authority of India (GAIL) has floated a tender for a cumulative capacity of 1.8 MW of ground-mounted solar power projects to be developed at the GAIL complex in ...
New Guidelines Restrict Short-term Equity Investment in Solar Projects
In an amendment to the competitive bidding guidelines for procuring power from grid-connected solar PV projects, issued by the MNRE in July 2019, it was noted that the project developers need to maintain a controlling shareholding of 51% in the SPV or project company executing the PPA. ...
Solar Auction Activity Increased in October with 1.3 Gigawatts
Auction activity increased in October 2019 while tender announcements decreased compared to the previous month, according to Mercom India solar tender tracker. About 2.7 GW of solar tenders were floated ...
