NHPC tenders up to 2.4GW of solar PV across India

Facebook
Twitter
LinkedIn
Reddit
Email
The tender seeks 1.2GW of solar PV capacity with 1.2GW of additional capacity with a ‘greenshoe option’. Image: Unsplash.

India’s state-owned company the National Hydroelectric Power Corporation (NHPC) has issued a tender seeking up to 2.4GW of solar PV capacity across India.

NHPC issued a request for selection (RfS), which seeks to procure up to 1.2GW of solar PV capacity through a competitive bidding process, and additional capacity of up to 1.2GW with a “greenshoe option”.

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

The developers of successful projects will enter into a 25-year power purchase agreement (PPA) with the NHPC, which will then sell the electricity generated to state utilities, state distribution companies (Discoms) or any other beneficiaries.

In order to participate in the auction, projects will require to have a capacity of at least 50MW and up to 600MW. For projects located in Northeastern states and with extenuating circumstances, the minimum capacity requirement is lowered to 30MW.

Applications to enter the tender are open until 4 November 2024, with the solar projects to be set up on a build-own-operate (BOO) basis. Projects must connect to the Inter-State Transmission System (ISTS).

Solar PV and renewable energy tenders are increasingly more common in India. Between April 2023 and March 2024, nearly 70GW of renewable energy capacity was tendered, with 40GW ending up allotted. Solar PV represented nearly half of all the capacity tendered during that period. Another positive aspect for solar PV is that, in the past two years, solar tariffs have increased marginally by nearly 8.5% from an average of INR2.3-2.4/kWh (US$0.027-0.029/kWh) to INR2.5-2.6/kWh (US$0.030-0.031/kWh).

Read Next

June 23, 2025
Waaree Energies will relocate its proposed 6GW vertically-integrated manufacturing facility for ingots, wafers, cells, and modules in India.
June 17, 2025
Indian module manufacturer Ahaan Solar has started construction of a 2GW solar module assembly plant in Rohnat, Haryana.
June 16, 2025
The global solar tracker market expanded by 20% in 2024 to a record size, according to energy research firm Wood Mackenzie.
June 13, 2025
Indian solar developer Solarium Green Energy has planned to build a 1GW module manufacturing plant in the western Indian state of Gujarat.
Premium
June 12, 2025
PV Talk: Vinay Rustagi, director of Indian solar manufacturer Premier Energies, discusses the company’s upstream manufacturing plans and why he believes India can become a counterweight to Chinese PV hegemony.
June 12, 2025
Waaree Solar Americas will supply 599MW of solar modules supply agreement to an undisclosed US-based independent power producer (IPP).

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico