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.
The PV IndiaTech 2020 conference will continue to bring together all key domestic and overseas stakeholders, including government bodies, investors, and the leading companies today from manufacturing to O&M and asset management. To thrive globally as a major PV power beyond 2020, India has to succeed in unlocking its potential both to manufacture and to lay claim to quality utility-scale solar farms that are providing high returns on investment to site owners.