India Auctions 1.2 Gigawatts Of Wind Capacity At 3.97¢/kWh
India wrapped up the sixth edition of its government-backed national wind energy tenders last month. The auction saw the second-highest tariff bid seen in such auctions.
India wrapped up the sixth edition of its government-backed national wind energy tenders last month. The auction saw the second-highest tariff bid seen in such auctions.
The first national-level solar power auction organized by the Solar Energy Corporation of India (SECI) witnessed a healthy competition among Indian and foreign project developers and a tariff bid that would make the government happy.
The Indian state of Gujarat has struck gold in its latest solar power auction as project developers submitted one of the lowest-ever bids seen in the Indian market for utility-scale solar power projects.
In the coming few months, the Abu Dhabi will again become the center of attention as it will likely receive another record-low tariff bid for a recently issued expression of interest (EoI) for mega solar power project.
Following the central government’s cue, a number of Indian states have stepped on the gas with regards to issuance of renewable energy tenders. Leading states in renewable energy installed capacity are dishing out tenders one after the other while some new states are issuing large tenders for the first time.
The southern Indian state of Tamil Nadu has issued a new solar power policy that sets ambitious operational capacity targets in-line with the recommendations of the central government.
The Indian government recently approved a funding scheme to support implementation of 12 gigawatts of solar power capacity through government-owned companies.
SoftBank-led SB Energy has shown a clear intention of entering the Indian wind energy market. The company, which is one of the largest players in India’s highly competitive solar power market, has participated in the sixth national-level wind energy tender issued by the Solar Energy Corporation of India (SECI).
The Solar Energy Corporation of India (SECI) plans to hold the first ever offshore wind energy auction in the country for a 1 gigawatt project in the western state of Gujarat.
Research and consultancy firm Wood Mackenzie has projected that India will miss out on its target to have 100 gigawatts of solar power capacity operational by March 2022.