One of India’s largest solar power parks, and certainly the most challenging to implement and operate, has attracted tremendous interest from some of the leading technology companies and project developers.
The fourth national-level solar power auction conducted by the Solar Energy Corporation of India (SECI) has yielded satisfactory results for the government which has been facing tough questions about whether the ambitious renewable energy targets would actually be achieved.
The Indian state of Rajasthan continues to attract solar power developers from across the country with continued high subscription rates against the capacity offered in tenders.
India’s largest power generation company and government-owned NTPC Limited has issued a tender inviting consumers to purchase solar power. This is a first-of-its-kind tender as to date only consumers (or agencies representing consumers) have issued tenders inviting developers to set up projects. NTPC is reported to have around 1.8 gigawatts of renewable energy capacity operational in India.
Finally, a ray of hope for the Indian renewable energy market with massive oversubscription in the latest and fourth national-level solar power tender issued by the Solar Energy Corporation of India. The massive oversubscription reported for this tender comes after capacity offered in a slew of state and central-level tenders remained unsubscribed by project developers.
Results of India’s second national-level solar-wind hybrid auction are in. While capacity allocated to project developers has declined, there remains a silver lining for the Solar Energy Corporation of India (SECI) in terms of price bids.
India has asked states to identify land to set up large-scale wind energy projects as project developers continue to stay away from state and central government agencies.
India has shared details of large power transmission projects dedicated for renewable energy projects in the western parts of the country. The transmission projects are part of the Green Energy Corridors program that was envisaged to support the massive renewable energy capacity addition targets announced by the Indian government.
In the face of lingering issues of land acquisition, uncertainty over taxes and import duties and slowdown in overall economic growth India has reduced its solar power capacity addition target to the lowest level in four years.
India’s Ministry of New and Renewable Energy (MNRE) recently announced the capacity addition target for 2019-20. The target is the lowest in four years, giving an indication that renewable energy sector in India needs urgent policy and financial support.
