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Indian Solar Tender With Manufacturing Finally Oversubscribed
The SECI (Solar Energy Corporation of India) have received bids for 8 GW of solar power projects linked with 2 GW of photovoltaics manufacturing capacity in a tender after its increased the solar electricity tariff cap. The government solar agency had extended the deadline for bids several times in this year however it failed to attract the developers. After which it changed some clauses to make the tender more attractive which included raising the maximum tariff for the solar electricity from the projects to INR 2.93/kWh from INR 2.75/kWh previously.Today Indian companies like Azure Power Global Ltd., Adani Green Energy Ltd., and Navyuga Engineering Co have bid to develop 8 GW of PV projects and set up 2 GW of manufacturing capacity, which is 1 GW above the solar project capacity the tender seeks to award. Adani had submitted a bid for 4 GW of power and 1 GW of manufacturing capacity whereas the other two bidders proposed to establish 2 GW of solar parks and 500 MW of manufacturing plants.
Solar Manufacturing Tender Finally Receives Bids After A Dozen Extensions
India’s first solar manufacturing tender with linked power plant has received bids after a delay of close to two years and a dozen extensions. In its latest tender raised by the Centre after several amendments, three companies have submitted bids. The government had invited bids for 2,000 MW of solar manufacturing and 6,000 MW of linked solar power plant, which the industry oversubscribed. Adani Green Energy Limited submitted bids for 1,000 MW manufacturing and 4,000 MW of power plants then Azure Power submitted for 500 MW of manufacturing and 2,000 MW of power plants. New entrant Navyug Power submitted a bid similar to Azure.
5 GW Manufacturing-Linked Solar Auction By SECI Gets Good Responses
State-owned SECI’s manufacturing-linked solar energy auction 5GW capacity has evoked a good attraction as Adani Green Energy, Azure and Navyug have submitted bids for an aggregate of 10 GW projects. Solar Energy Corporation of India’s (SECI) for 5GW solar energy auction includes the 1GW manufacturing component. Thus developers will have to set up solar equipment manufacturing capacity of 1 GW and power generation projects of 4 GW. Adani Green has bid for the 5GW and the 1GW manufacturing facilities, then by Azure and Navyug which had bid for 2.5 GW each including 500 MW manufacturing plants each respectively, the sources added.
Renewables To Account For 55% Of Energy Mix By 2030: Minister
In a meeting with BRICS minister RK Singh said that the country will also exceed its target of installing 200 GW of renewable energy capacity in 2022. India has already installed a renewable energy capacity of 83,000 MW while another 31,000 MW is being executed and 35,000 is under bidding, he said. “So this becomes 140,000-145,000 MW. In hydro, we have installed capacity of around 45,000 MW and under installation capacity is about 13,000 MW. Which makes it around 60,000 MW. So we will cross 200,000 MW capacity of renewable energy by 2022,” he said.
Chinese Solar Company Is On A Hunt For Bargain Deals In India
Trina Solar, a leading Chinese manufacturer of solar modules and photovoltaic cells, is keen to invest in solar power projects in India, as part of a wider play to drum up market interest for its own modules. The company is aiming to invest in under-construction solar power projects Trina Solar has tied up with a local partner Engenrin Energy Private Ltd for its development and engineering-procurement-construction (EPC) businesses. As a solar module manufacturer, Trina is presently among the top five suppliers to Indian power developers. While the company will not participate in the reverse auction process to bid for new projects, it will help under-construction projects reach completion.
Solar Auction Activity Increased In October With 1.3 Gigawatts
There was an increase in the Solar Auction Activity in October 2019 while tender announcements decreased compared to the previous month. Solar tenders of about 2.7 GW of Solar tenders were floated in October 2019 as compared to September. The tender activity would have decreased further if the Solar Energy Corporation of India (SECI) had not increased its previous 6 GW solar tender to 7 GW. The amended tender by SECI now calls for 7 GW of the interstate transmission system (ISTS) connected solar projects linked with 2 GW of solar manufacturing component. The bid submission deadline for the same tender was extended for the third time. Initially the deadline was set as September 11, 2019 which was extended to October 11, 2019.
Coal India Tenders 100 MW Solar Projects In Chhattisgarh
Coal India Limited (CIL), State-owned coal producer, has floated a tender to set up a 100 MWp (AC) solar projects in Chattisgarh. The plant—to be established in Capex mode—will cater to the green energy requirement of South Eastern Coalfields Limited (SECL), a subsidiary of CIL. Currently the annual power consumption of SECL in Chhattisgarh is 850 million units. The selected bidders will also be responsible for providing comprehensive operations and maintenance of the plant for a period of 25 years. The tender is part of CIL’s aim to emerge as a net zero energy company by establishing approximately 3 GW of solar power projects.
Puducherry Airport Might Soon Adopt For Solar Energy
Puducheery airport will soon adopt for Solar energy after the completion of 500 kW solar plant that can generate upto 3,000 units a day. The installation of around 1,500 solar panels on far end of the runway near Karuvadikyppam area has been completed. Moreover the setting up of transformer, grid connection and electric works is about to get completed. It was quoted by the Director of Puducherry Airpot that the work will be completed by January and connecting the solar plant to the electricity grid will be completed by February. In fact they will be able to generate excess power to the Puducherry government. The airport operates two flights — Hyderabad and Bengaluru sectors — and would be literally shut in the afternoon and the power generated during non-working hours would be transferred to the grid. The estimated cost of the plant is about 3.5 Crore.
Solar Now Accounts For 9.2% Of India’s Total Installed Power Capacity
In the quarter ending September 2019, India’s total renewable energy capacity (including large hydro) stood at 130.68 GW. This approximately rounds upto 35.7% of the total installed power capacity in the country, which accounts about 366 GW. The total share of solar power capacity grew from 8.73% at the end of June 2019 to 9.2% at the end of September 2019. Between July 2019 and September 2019, India added more than 2.2 GW (tentative) of solar energy capacity. Solar installations reached 33.8 GW in the end of September 2019 which represents 9.2% of the total power generation capacity in India.