Tenders

India saw historic low solar tariff of INR 2.36/ kWh

India saw historic low solar tariff of INR 2.36/ kWh   Today, Solar Energy Corporation of India (SECI) conducted its first reverse auction of a 2 GW solar tender under ISTS (Tranche IX) after a gap of four months due to the COVID-19 lockdown.  Earlier last week, the tender received an overwhelming response from the developers with bids for more than 4.3 GW of capacity. The reverse auction of this was conducted today and it saw a historic low winning solar…

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Overwhelming response to SECI, 2 GW, ISTS (Tranche-IX) solar tender

Overwhelming response to SECI, 2 GW, ISTS (Tranche-IX) solar tender Solar Energy Corporation of India’s (SECI) tender for 2 GW of Interstate Transmission System (ISTS) connected Solar PV Project under tranche IX has received an overwhelming response from the project developers resulting into an over-subscription by about 2.35 GW. The tender received bids of total 4,350 MW solar capacity from 12 project developers. SECI floated this tender in the month of March 2020. But, due to COVID lockdown, its bid…

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Chhattisgarh, CREDA invites bid for 20 MW rooftop solar projects

Chhattisgarh, CREDA invites bid for 20 MW rooftop solar projects The Chhattisgarh State Renewable Energy Development Agency (CREDA) has issued a tender to empanel rooftop solar installers and the deadline for the submission of bids is July 1, 2020, while the date for the opening of the financial bid has been scheduled for July 8, 2020. As per aforementioned tender grid-connected rooftop solar projects ranging between 1 kW to 500 kW will be set up at various locations in the…

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wind solar hybrid

Wind solar hybrid model struggling to take off in India

Wind solar hybrid model struggling to take off in India In last one year, several central and state agencies issued more than 3.2 GW of wind-solar hybrid tenders. Although, auctions for 2.4 GW of tenders have been materialized, only 1.6 GW is allotted (~35% under subscription). The auctions saw participation from only a handful of developers including Adani, Softbank and ReNew. Because of tepid response from the industry, SECI has scaled down the capacity of one of the tenders from…

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JMK Research & Analytics is a boutique consultancy firm providing research and advisory services to Indian and International clients across three key focus areas – Renewables, Electric mobility and Battery storage market.

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