The sixth national-level wind energy auction in India witnessed stable, and relatively high, tariff bids from project developers. The Solar Energy Corporation of India (SECI) had offered 1.2 gigawatts in its fifth auction, after initially offering 2 gigawatts.
India’s largest renewable energy developer has finally filed for Initial Public Offer with the Securities and Exchange Board of India (SEBI) for the largest renewable energy IPO in the country’s history.
Earlier this month, ReNew Power Ventures Limited became India’s largest renewable energy developer following the acquisition of another renewable energy developer. Canadian pension funds had a major role in this landmark transaction.
India auctioned off 750 megawatts of utility-scale solar power capacity over the last few days to wrap up a highly eventful 2017 that saw new records being created in terms of tariffs.
The latest onshore wind energy auction in India has yielded the lowest-ever tariffs quoted by project developers.
Hyderabad-based Greenko Group and Hero Future Energies Pvt. Ltd are in separate negotiations with Singapore’s based AT Capital Group to buy Orange Renewable’s portfolio of 758 megawatts of renewable energy projects.
One of India’s leading renewable energy IPPs, ReNew Power Ventures, has moved closer to a 2.5 gigawatt portfolio following a recent acquisition of 103 megawatts of wind energy capacity.
A couple of leading private renewable energy developers based in India have expressed interest in acquiring solar power assets currently owned and being developed by SkyPower Global.
Stung by rising competition and missed opportunities in several of the recent solar and wind energy auctions, one of India’s leading renewable energy IPPs is aggressively exploring inorganic growth options.
Intense competition and few alternatives seem to have pushed the wind energy tariff bids in India to record lows.
