SECI is seeking to find developers by inviting proposals for the development of inter-state transmission system (ISTS) connected renewable projects of 200 MW, which will be built on the Build-Own-Operate model.
Reportedly, the Ministry of New and Renewable Energy (MNRE) has instructed NTPC and Solar Energy Corporation of India (SECI) to release performance bank guarantees (PBGs) for all the commissioned wind and solar power projects. The PBGs can be released in the span of 45 days from the commercial operation date (COD), on the condition that all required submission of necessary documents is fulfilled.
In a bid to boost Prime Minister Narendra Modi’s enterprising goal of achieving up to 175 GW of energy – relying solely on renewable sources – the government has yet again floated a renewable energy storage tender. A major chunk of the goal, amounting to 100 GW is dedicated to solar power.
With an estimated cost of Rs 160 bn, the Centre is expected to offer nearly 20 power transmission projects. The current tranche of projects covers the power-surplus western region, and most of these would provide connection to renewable zones
The Indian Railways is reportedly in plans to come up with solar power tenders of 4 GW in order to cut down on its power purchase costs and utilise the vast stretches of linear land along the tracks with greater efficiency.
Solar tender and auction activity in India had a steep decline in November 2017. The solar capacity tendered across the country during the month fell by 25 per cent to 300 MW compared to the October 2017 total and the amount of solar auctioned dropped by 98 per cent to just 5 MW.
The cumulative solar energy capacity installed, as on July 31, 2017, stands at is 13,652 MW, while the same at the end of 2014-15 stood at 3743.97 MW, according to Piyush Goyal, Minister of State for Power, Coal & New and Renewable Energy and Mines.
Wind energy solution provider Inox Wind has reportedly won 50 MW in the Maharashtra state auctions concluded recently, at a tariff of Rs 2.86 per unit. The bid was won at a fixed price of Rs 2.86 per unit for a period of 25 years. This win is on back of the 300 MW order win from SECI-1 auctions, 300 MW in SECI-2 auctions and 200 MW from SECI-3 auctions.