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Solar tariff drops to Rs 2.5 per unit in latest SECI auction

By : Sustainability ..., Feb 28, 2020

The latest reverse auction for 1,200 MW of solar capacity, conducted by the Solar Energy Corporation of India (SECI), will see the tariff drop to Rs 2.5 per unit. Though this is higher than the all-time low rate of Rs 2.44/unit, it is much lower than Rs 2.71/unit in the last...

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India's largest solar tender stuck, firms await greenshoe option nod

By : Sustainability ..., Feb 27, 2020

India’s first and largest tender for setting up solar manufacturing in the country is yet to conclude. Solar Energy Corporation of India (SECI) has yet not finalised the letter of authorisation (LoA) for the greenshoe option in the tender, which allows companies to build...

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SECI Scores 9 Bids Worth 3.5 GW in Response to 1.2 GW Solar Tender

By : Sustainability ..., Feb 21, 2020

The Solar Energy Corporation of India (SECI) has reported a list of nine bidders who have submitted prospective bids against the nodal agencies 1.2 GW solar tender (ISTS-VIII) which was issued in January. The nine firms that have submitted bids are ReNew Power, Softbank,...

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Ceiling tariff in wind energy tenders to go

By : Sustainability ..., Feb 7, 2020

In a move that could revive participation in wind bidding in a big way, the ministry of new and renewable energy (MNRE) plans to stop imposing ceiling tariffs on wind tenders, according to sources close to the development. Recent wind and solar auctions conducted by the Solar...

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Greenko, Renew Power bag SECI mega renewable cum storage based projects

By : Sustainability ..., Feb 3, 2020

Greenko Group with 900 mega watts (MW) and Renew Power with 300 MW bag Solar Energy Corporation of India (SECI) reverse auction for the world’s largest renewable energy cum storage power purchase tender. The tender was for 1200 MW with 600 MW assured supply for 6 hours daily...

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India tops power generation tenders globally in Q4 2019, solar accounts for 73.7% share

By : Sustainability ..., Jan 21, 2020

India topped tenders for power generation capacity globally during the quarter ended December 31. Top issuers of power plant tenders globally for the quarter in terms of power capacity Solar Energy Corporation of India (3,000MW) from four tenders, Northern Indiana Public...

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SECI's wind energy tender gets cold response for fourth time

By : Sustainability ..., Jan 20, 2020

State-owned Solar Energy Corporation of India's 1,200 MW wind tender has failed to get the minimum number of bids for the process to continue, the fourth time in a row, highlighting the difficulties faced by the country’s wind industry. Solar Energy Corporation of India (SECI...

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Renew Power seeks $300 million in bond sale

By : Sustainability ..., Jan 14, 2020

Wind and solar energy company Renew Power is meeting investors this week as it plans to raise at least $300million via dollar bond sales across the world later this month. The money raised will be used to refinance existing debt and for funding the second tranche of projects...

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SECI Issues RfS for 1200MW ISTS-Connected Solar Projects

By : Sustainability ..., Jan 6, 2020

State-owned Solar Energy Corporation of India (SECI) has issued its Request for Selection (RfS) document for the selection of developers to set up 1200 MW of ISTS-connected solar photovoltaic (PV) power projects in the country under tariff-based competitive bidding. As per...

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SECI invites EoI to purchase power for blending with renewable sources

By : Sustainability ..., Jan 6, 2020

Solar Energy Corporation of India Ltd (SECI) intends to blend inherently unsteady renewable power with power from steady generation sources including coal-fired thermal plants. “The objective of blending is to make firm power available round the clock in order to meet the...

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