Discoms Favour Modern RE Tenders, Say Experts

According to industry experts, electricity distribution companies (discoms) are increasingly inclined towards modern renewable energy (RE) tenders over conventional solar and wind projects. This shift is attributed to the enhanced flexibility and features offered by new-age RE tenders, catering to the evolving needs of discoms and the renewable energy sector as a whole. The preference for modern RE tenders underscores discoms' quest for innovative solutions that address challenges such as grid stability, intermittency, and power management. These tenders often incorporate advanced technologies, storage solutions, and hybrid models, enabling discoms to optimise energy procurement and integration while ensuring reliability and affordability. Experts highlight that modern RE tenders offer greater customization and risk mitigation mechanisms, providing discoms with more control and transparency throughout the project lifecycle. Additionally, the competitive bidding process fosters efficiency and cost-effectiveness, driving down tariffs and benefiting consumers. Moreover, modern RE tenders align with India's renewable energy goals and commitments towards achieving carbon neutrality. By incentivizing technological innovation and market-driven solutions, these tenders contribute to the scaling up of renewable energy capacity and the transition towards a sustainable energy future. Overall, the growing preference for modern RE tenders reflects a strategic shift in the renewable energy procurement landscape, driven by the desire for greater flexibility, efficiency, and sustainability. As discoms continue to embrace new-age tendering mechanisms, the renewable energy sector is poised to witness further innovation and growth, propelling India towards its clean energy targets.