India’s SECI in fresh solar auction push as green energy goal beckons

Source: SECI

The Solar Energy Corporation of India (SECI) has unveiled tenders for 1.2GW of PV projects and 1.2GW of solar-wind hybrid projects on 5 December.

Developers have until 16 December to bid for the solar-only contracts and 20 December for those concerning the solar-wind hybrids. Winning bidders will sign 25-year power purchase agreements (PPAs).

The tender duo is the latest of a flurry over the past few months as India’s 175GW-by-2022 renewables target creeps closer. This includes the country’s largest utility NTPC issuing a tender for 923MW of domestic-content solar and a 500MW of solar EPC capacity in December, not long after it tendered 1GW of grid-connected solar capacity in late September. Also in September, SECI allocated 922.4MW of a 2GW tender, where NTPC was the biggest winner.

The tender bonanza is meant to help India move towards its ambitious 175GW renewables energy target – a goalpost some analysts have derided as overly ambitious. In early October, Mumbai-headquartered consultancy CRISIL warned India's “enduring policy uncertainty and tariff glitches” could see renewable capacity grow only to 104GW by 2022, 42% short of the government’s 175GW target.

The country had 82.58GW in installed renewables across the country in September 2019.

15 September 2022
Bifacial PV modules will be the dominant solar PV technology globally within one or two years; in the utility-scale sector, their market share is already above 70%. This webinar will provide a clear view on the successful implementation of bifacial technology, maximizing system performance and minimising LCoE.
4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.

Read Next

August 8, 2022
Despite an initial selection of 15 bidders, Chile’s latest power auction awarded only two companies contracts, with 777GWh of solar PV co-located with energy storage and wind secured.
August 8, 2022
India deployed 8,359MW of solar PV in the first half of the year, marking a significant increase of 71% compared to the same period last year
August 3, 2022
Tata Power subsidiary Tata Power Green Energy has commissioned a 225MW hybrid wind and solar project in the Indian solar hotbed state of Rajasthan.
August 3, 2022
Spain has started the process to celebrate a fourth round of renewables auction in November with 1.8GW of solar capacity to accelerate its electrification.
August 2, 2022
Swiss PV module manufacturer Meyer Burger has slashed its production plans for 2022 and 2023, citing a “challenging supply chain environment” which has caused delays to its planned production capacity build out.
August 1, 2022
India installed more than 12GW of solar PV in the financial year 2022 (FY2022) but this is expected to soar to more than 20GW in FY2023 as the country looks to accelerate its solar deployment, according to JMK Research.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event