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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...

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...

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...

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...

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...

Azure Power secures 2,000 MW solar power project

By : Sustainability ..., Dec 16, 2019

Solar power producer Azure Power has announced that it has received a letter of award (LOA) for a 2 Gigawatt (GW) interstate transmission (ISTS) solar power project with Solar Energy Corporation of India (SECI) to supply power for 25 years at a tariff of Rs 2.92 per kWh. The...

UP: PCL to buy 200 MW solar power

By : Sustainability ..., Dec 11, 2019

The UP Electricity Regulatory Commission (UPERC) on Monday approved procurement of 200 MW solar power by UPPCL from Solar Energy Corporation of India (SECI). The tariff for it will be Rs 2.89 per unit, including a trading margin of Rs 0.07 per unit. The trading margin is like...

Sembcorp buys remaining stake in Sembcorp Energy India for Rs 406 crore

By : Sustainability ..., Dec 5, 2019

Singapore-based Sembcorp Industries said on Wednesday that it is taking over complete ownership of its India business unit, Sembcorp Energy India (SEIL), by acquiring its remaining 5.95% stake from Gayatri Projects (GPL) for Rs 406 crore. SEIL has more than 4,300 MW of...

SECI tweaks 1.2 GW renewables plus storage tender

By : Sustainability ..., Dec 4, 2019

In August Solar Energy Corporation of India (SECI) had invited bids to set up an aggregate 1,200 MW of capacity with Inter-State Transmission System (ISTS)-connected wind/solar/wind-solar hybrid projects, along with energy storage, throughout India. The projects—to be...

Wind energy developers dissatisfied with Gujarat's land offer

By : Sustainability ..., Dec 2, 2019

Although Gujarat has agreed to provide land to winners of auctions conducted by central agencies, developers feel it is too little too late. Considered one of the best wind producing states, Gujarat had been reluctant to lease land to winners of auctions conducted by central...