With yellow marigolds in large terracotta pots, colorful metal swans pinned to the walls, speakers in natty pin stripes and swarms of eager visitors, the 10th Intersolar India began a tad late, but on a high note at the Bangalore International Exhibition Centre (BIEC) in Bengaluru, often dubbed the Silicon Valley of India. Karnataka’s successes were a key talking point, while the importance of EVs and storage was underlined.
The Uttar Pradesh Government is looking for private investment worth Rs 55 billion (UD$809 million) for the proposed Bundelkhand Green Energy Corridor, which is expected to generate 4 GW of solar power.
The Indian state is looking to install 1 GW of new solar PV power under a new tender issued. A ceiling tariff of Rs 2.80 (US$0.039) has been set.
India’s much-hyped first wind-solar hybrid auction found just two bidders, with 360 MW of the 1,200 MW finding no takers at all. This is the second time the Solar Energy Corporation of India (SECI) has held this auction, after the first round in May failed to attract bidders.
The Ministry of New and Renewable Energy has reevaluated the solar potential of the region, in the light of steepling falls in the cost of generating solar electricity. The big push will start with 7.5 GW of new capacity, with a request for selection expected within a fortnight.
India’s largest power company is set to make a statement of intent with procurement, and has set a first round bid ceiling of Rs2.67 for the reverse bidding auction. Successful bidders will secure a one-year PPA which can be extended by six months.
Supervising authority has given the state distribution company the green light to conduct three 500 MW solar tenders. The move marks the first procurement exercise held by TANGEDCO in almost 12 months.
India has become the world’s largest market for new renewable energy auctions and the second-largest destination for attracting clean energy investments, according to the latest Climatescope 2018 report by BloombergNEF.
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