India issues 11,098 MW in renewable energy tenders
POWER & RENEWABLE ENERGY

India issues 11,098 MW in renewable energy tenders

India’s renewable energy (RE) sector recorded substantial growth in October 2024, with 16 new tenders for a cumulative capacity of 11,098 MW issued, according to JMK Research’s Market Intelligence report. Major issuers included NHPC, which floated a 1,200 MW solar tender for ISTS connectivity, and NTPC, which launched a 1,200 MW wind-solar hybrid tender with an additional 600 MW capacity under a greenshoe option. SECI also issued bids for 1,200 MW of round-the-clock RE power through ISTS connections. The report highlights a continued expansion in RE installed capacity. From January to September 2024, the country added 17,444 MW of solar and 2,626 MW of wind capacity, reaching a cumulative RE capacity of 201.46 GW. In September alone, about 1,501 MW of combined solar and wind capacity was added. Auction activity remained robust, with a total of 6,316 MW of RE capacity allocated to various developers in October, underscoring India’s push toward green energy. Meanwhile, investment trends in October revealed that India’s RE sector attracted $103 million in new financing, maintaining momentum for project expansions. In the market, the Indian Energy Exchange (IEX) recorded stable trading activity, with 33.55 million units traded in the Green Term Ahead Market (GTAM), reflecting consistent demand from the previous month. The report also noted a slight 1.18% decline in domestic Mono PERC module prices in October. Policy developments for the month were significant, with 10 central and 12 state-level policy notifications, regulations, and orders issued, pointing to a regulatory environment actively supporting RE growth.>

India’s renewable energy (RE) sector recorded substantial growth in October 2024, with 16 new tenders for a cumulative capacity of 11,098 MW issued, according to JMK Research’s Market Intelligence report. Major issuers included NHPC, which floated a 1,200 MW solar tender for ISTS connectivity, and NTPC, which launched a 1,200 MW wind-solar hybrid tender with an additional 600 MW capacity under a greenshoe option. SECI also issued bids for 1,200 MW of round-the-clock RE power through ISTS connections. The report highlights a continued expansion in RE installed capacity. From January to September 2024, the country added 17,444 MW of solar and 2,626 MW of wind capacity, reaching a cumulative RE capacity of 201.46 GW. In September alone, about 1,501 MW of combined solar and wind capacity was added. Auction activity remained robust, with a total of 6,316 MW of RE capacity allocated to various developers in October, underscoring India’s push toward green energy. Meanwhile, investment trends in October revealed that India’s RE sector attracted $103 million in new financing, maintaining momentum for project expansions. In the market, the Indian Energy Exchange (IEX) recorded stable trading activity, with 33.55 million units traded in the Green Term Ahead Market (GTAM), reflecting consistent demand from the previous month. The report also noted a slight 1.18% decline in domestic Mono PERC module prices in October. Policy developments for the month were significant, with 10 central and 12 state-level policy notifications, regulations, and orders issued, pointing to a regulatory environment actively supporting RE growth.>

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?