Over 10 GW of solar PV projects tendered in May 2018 in India

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Over 10 GW of solar photovoltaic (PV) capacity was tendered in May 2018, while over 2 GWs were  auctioned in India, according to Mercom’s India Solar Tender Tracker.

Image for representational purpose only

Solar tenders approximating 10 GW were announced in May 2018, which is nearly nine times more than the 1.3 GW tendered in April 2018. According to the tender trajectory issued by the Ministry of New and Renewable Energy (MNRE), 30 GW is expected to be tendered in FY 2018-19. In May 2018 alone, one-third of that entire target was tendered.

Compared to April 2018, in which only 40 MW of solar PV capacity was auctioned, May witnessed a spike in auctions with over 2 GW of solar PV capacity awarded.

Major Tenders

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Solar Energy Corporation of India (SECI) tendered 10 GW of inter-state transmission system (ISTS)-connected, grid-connected solar PV projects to be established along with a solar manufacturing capacity of 5 GW.

The National Thermal Power Corporation (NTPC) has tendered a total of 102 MW of grid-connected solar PV projects to be developed across the country.

The Tamil Nadu Energy Development Agency (TEDA) invited expressions of interest (EoIs) for the development of a 500 MW solar park in the state.

Major Auctions

The NTPC auctioned 750 MW of grid-connected solar PV projects to be developed in Ananthapuramu Solar Park, located in the state of Andhra Pradesh. The winners were Sprng Energy, Ayana Renewable, and SBG Cleantech.

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) auctioned 1 GW of grid-connected solar PV projects. JLTM Energy India Private Limited, Mahoba Solar (UP) Private Limited (Adani), ReNew Power, ACME Solar Holdings, Tata Power Renewable Energy Limited (TPREL), and Azure Power were the winners.

(Source: Mercom India)

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