Major players stay away from Tamil Nadu’s oversubscribed 1.5GW solar tender

Facebook
Twitter
LinkedIn
Reddit
Email
Central government-owned company NLC bid fo rhte full 1.5GW. Flickr: Colin Houston

Although Tamil Nadu’s latest 1.5GW solar tender has seen significant oversubscription, with 3,774.5MW of submissions, most of the key solar players in India have not participated.

Jasmeet Khurana, associate director, consulting, at Bridge to India, told PV Tech: “Even though the bid is oversubscribed, participation is largely from local players.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

A significant chunk of the technical bidding – in one case for the whole 1.5GW capacity available – came from a single central government-owned company, NLC, which has been looking to set up a project in Tamil Nadu for some time now, added Khurana.

Only a few of the typical big players seen regularly bidding across the rest of India’s PV tendering programme of late, actually showed interest in Tamil Nadu Generation and Distribution Corporation’s (TANGEDCO) latest tender. These included Rays Power, Sharpoorji Pallonji, Renew Solar Energy, Avada power, and FRV.

Khurana said: “Offtake bankability issues, delays in payment, a poor track record in running a smooth allocation process and grid curtailment risk have marred solar tenders in the state. You can see that most of the prominent developers have decided to stay away.

“The state has immense potential for exploiting solar power but it is being squandered away by poor planning and implementation of its solar program. Tamil Nadu should focus on procuring solar power through NTPC or SECI. This will allow the state to procure power at a lower tariff and give developers a comfort in terms of offtake bankability.”

Solar tenders with SECI were recently brought under the same payment guarantees of India's most largest and most bankable utility NTPC.

The list of technical bids for the 1.5GW is as follows:

Bidder Capacity (MW)
Dev International 1
Talettutayi Solar Projects Two 50
C.R. Garmentso 2.5
Giri Exports 2.5
Sukhbir Agro Energy 100
Sai Jothi Infrastructure 54
Clean Solar Power 104
Top Light 10
NLC 1,500
MAG & Company 2.5
Rays Power 100
Indira Industries 5
Indira Damper Industries 5
Sharpoorji Pallonji 50
Dynamize Solar 2
Rutherford Solar Farms 100
Leap Green Energy 250
VSR Solar Power 50
Top Light Renewable Energy 5
Narbheram Vishram 100
Raasi Green Earth Energy 100
VSM Weaves India 5
RB Wovens 5
Balavimodhan 5
FRV 100
G.R.T Silverwares 10
G.R.T Jewellers 52
G.R. Thanga Maligai 10
G.R. ThangaMaligai & Sons 10
ReNew Solar Energy 100
Adhiev India 7
NVR Energy 100
Solitaire BTN Solar 150
Alameen Green Energy 60
SRL Green and Clean Power 6
Avada Power 400
JLTM Energy India 10
Sunlight 1
Clean Sustainable Energy 150

Read Next

September 10, 2025
Indian solar module manufacturer Vikram Solar reported a 79.7% year-on-year increase in revenue for the first quarter of FY26.
September 10, 2025
Voltalia is seeking compensation for the ongoing curtailment of its Brazilian solar and wind fleet, which has exceeded expectations this year.
September 8, 2025
Vikram Solar has won a 336MW module supply agreement from L&T Construction for the 2.3GW Khavda solar park in Gujarat. 
September 4, 2025
India’s Goods and Services Tax (GST) Council, the joint forum of the Centre and States, has reduced the GST rate on renewable energy components from 12% to 5%. 
September 4, 2025
Indian solar manufacturer Waaree Energies has acquired a 64% equity stake in power transformer manufacturing company Kotsons.
September 3, 2025
India has added 2.8GW of rooftop solar in H1 2025, a 158% year-on-year surge from just 1.1GW in the same period last year.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines