JSW Energy bags 700MW Indian PV project in NTPC tender

Facebook
Twitter
LinkedIn
Reddit
Email
Solar panels in India.
Research has shown that government tenders in India need to increase to support the country’s solar targets. Credit: Solar Energy Corporation of India

Indian power company JSW Energy Limited has been awarded the contract for a 700MW solar PV project through its wholly-owned subsidiary, JSW Neo Energy.

The deal came through a competitive, tariff-based tender from the Indian government-owned electricity generator the National Thermal Power Corporation (NTPC). The entire tender sought 1.5GW of solar PV capacity to be connected to India’s Interstate Transmission System (ISTS).

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Neither company disclosed the state or specific location of the project.

JSW said that this deal brings its total generation portfolio to 13.3GW, 3.1GW of which is solar PV capacity. It added that there are 3.4GW of projects locked in under Letters of Award or Letters of Intent in deals with Indian state-owned companies NTPC, SJVN and GUVNL.

Earlier this month, JSW Neo Energy secured a 700MW contract in a tender from the state-owned Solar Energy Corporation of India (SECI). This capacity was awarded at INR2.56 per kWh (US$0.03).

India’s utility-scale solar sector has lagged behind its targets over the past year. Data from the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research found that deployed capacity had fallen significantly short of the Indian government’s plans for 450GW of solar PV capacity by 2030.

The reasons provided are twofold. First, the government’s Approved List of Models and Manufacturers (ALMM) legislation, which limits the manufacturers and types of solar modules able to access the Indian market, led to supply shortages and project delays. The ALMM was relaxed in 2023 but reimposed earlier this year.

Secondly, the IEEFA called for the Indian government to increase the frequency and size of its solar tenders, which it said had been falling short of the necessary levels.  

26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

May 24, 2024
Waaree Energies has signed an agreement to supply 445MW of modules to Statkraft India for a project in Bikaner, Rajasthan.
May 24, 2024
Indian solar installations increased by over 400% in the first quarter of 2024 to the highest quarterly deployment levels in its history.
May 23, 2024
The flurry of recent tariff changes for solar imports to the US is likely to make products from Southeast Asia less attractive to buyers, according to renewables analysis firm Clean Energy Associates (CEA).
May 22, 2024
Over 200MW of new solar PV capacity will be brought online in New Zealand following two new partnerships established in the last week.
May 21, 2024
US renewable energy company RWE Clean Energy has acquired 400MW of Solar PV and 199MW of standalone battery energy storage system (BESS) assets from Galehead Development.
May 20, 2024
US renewable energy developer Arevon Energy has broken ground on a 228MW solar PV project in Indiana.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)
Solar Media Events
June 4, 2024
London, UK
Upcoming Webinars
June 11, 2024
3:00 PM (BST) / 4:00 PM (CEST)
Solar Media Events
July 2, 2024
Athens, Greece