Hybrid renewable tariffs unlikely to match PV-specific
Uncertainty around generation compensation in the event of curtailment due to grid safety reasons and the requirement to maintain at least 33% wind project share in the total contracted capacity are among the deciding factors in tariff assessment.
Singapore’s Sembcorp awarded 400 MW solar power project in Rajasthan
With this solar win, Sembcorp Industries’ renewables portfolio has swelled to over 3 GW in operation and under development across Singapore, China, and India.
SECI tenders EPC work for 40 MW conventional solar+10 MW agrivoltaics in Tamil Nadu
Bidders have until March 1 to bid for setting up the cumulative grid-connected solar PV capacity—including 40 MW conventional ground-based and 10 MW agrivoltaics—in Cuddalore and Tiruvannamalai districts.
Adani Green Energy awarded 600 MW wind-solar hybrid project
With this project, Adani Green Energy’s total renewable energy project capacity has swelled to 14,795 MW, of which 2,950 MW projects are operational and 11,845 MW under implementation.
MNRE directs SECI to provide security deposit relaxation in solar contracts
The Solar Energy Corporation of India, NTPC, NHPC and other state-owned organizations have been directed to reduce RE contracts’ performance security from 5-10% to 3% of the contract value under the Finance ministry’s order dated November 12, 2020
Solar tariff drops below INR 2/kWh
The solar electricity price in India has dipped further to an all-time low of INR 1.99/kWh in a 500 MW Gujarat auction held recently, which is 0.5% lower than the previous record of INR 2/kWh set a month ago.
Another bidding extension for off-grid solar and storage project in Himalayas
The Solar Energy Corporation of India has extended the bidding for its off-grid solar and storage project in Himalayas. The revised deadline is now December 21.
India draws new record-low solar tariff of INR 2/kWh
A recent SECI auction secured the lowest bid of INR 2/kWh, 15% lower than the INR 2.36/kWh record-low winning bid by Spanish developer Solarpack in a 2 GW auction previously.
SunSource Energy bags 4 MW floating solar+2 MW storage project in Andaman & Nicobar
The latest win follows a 1.95 MW/2.15 MWh solar-plus-battery storage project bagged by the developer for the union territory of Lakshadweep in July this year.
Evolving risks could dampen solar investment flow
Indian solar sector remained buoyant even amid Covid pandemic as 15.3 GW of solar capacity (including solar-wind hybrid) was sanctioned in the current year’s first half itself. However, returns expectations from equity investments rose from around 14% in the first half of 2019 to 16-17%, indicating heightened risk perceptions among investors.
