India Announces 4 Gigawatts Of Solar, Wind Tenders With No Tariff Cap
India’s Solar Energy Corporation of India (SECI) has issued two big tenders offering a total of 4 gigawatts solar and wind energy capacity.
India’s Solar Energy Corporation of India (SECI) has issued two big tenders offering a total of 4 gigawatts solar and wind energy capacity.
Struggling to attract sufficient bids for its wind energy tenders, India has decided to increase the maximum tariff bid by 2.8% for its latest national-level tender.
Wind energy developers quoted higher tariff bids in the latest auction conducted by the Solar Energy Corporation of India. The marginal jump in tariff bids comes at a time when developers are shying away from participating in large solar as well as wind energy auctions.
Singapore-headquartered Sembcorp Industries has reported significant progress in its renewable energy business in India, including new projects and equity infusion.
The trend of poor response from project developers to India’s wind and solar power projects continued as bids came in for the eighth national-level wind energy tender organized by the Solar Energy Corporation of India.
Siemens Gamesa continues to win fresh orders under the auction regime of the Indian wind energy sector. The latest order is among the company’s largest to-date after the introduction of competitive wind energy auctions in India.
Large renewable energy companies in India continue to face difficult times as yet another wind energy major reports poor financial results in the second quarter.
With the return of the Narendra Modi government the Solar Energy Corporation of India has stepped up its efforts to gain momentum on renewable energy capacity addition, which remains way behind the target.
One of India’s leading wind energy solutions providers, Suzlon Energy, has claimed that it had the highest market share in India in the financial year 2018-19.
After a bump, India is speeding through wind energy tenders at the national level as it tries to makeup for the lost time and meet its target to have 60 gigawatts of installed wind energy capacity by March 2022.