India’s Odisha to tender 500MW solar

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The Indian state of Odisha has issued request for selections (RfS) for two separate tenders for 450MW and 50MW of solar PV capacity.

The tenders will come as part of the National Solar Mission Phase-II Batch IV.

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Odisha also plans to set up solar energy projects in 198 villages as part of India’s rural electrification programme. In February, the Odisha Renewable Energy Development Agency (OREDA) invited tenders from PV system suppliers and manufacturers to install, supply, commission or maintain solar PV power plants in the 198 selected villages.

The latest tender news comes the same day that Indian energy minister Piyush Goyal announced that India’s rapidly growing power requirements will increase by 300% to 4,000TWh by 2030. India’s current solar targets are for 100GW solar by 2022 with a potential goal of 230GW by 2030.

In a blog for PV Tech this week, Jasmeet Khurana, associate director, consulting, Bridge to India, said several Indian states are likely to see curtailment of solar power in the near future. Bridge to India also believes that the future risk of curtailment of power due to grid congestion, especially in high renewable penetration areas, can upset project cash flows and return expectations.

If you are looking to invest in or develop solar projects in India, join Solar Media on the 7th of June in London at Solar Finance & Investment: India, a conference designed to bring together European and North American investors and developers looking into the Indian market, as well companies with consolidated presence that are exploring new partnerships.

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