SECI

Record-setting Acme Solar has secured a third of the latest procurement exercise in the state with a lowest bid of Rs2.48/kWh. The tender was oversubscribed by more than 100% as offers came in for 1,620 MW of capacity.

The organization responsible for coordinating India’s push for 100 GW of new solar capacity by 2022 has had a busy week. But, as last year illustrated, tenders alone are not always a guarantee of new generation assets.

The Solar Energy Corporation of India (SECI) has invited bids for implementation of 97.5MWp grid-connected rooftop solar PV systems on government buildings in different States/Union Territories of India. The projects, under both CAPEX and RESCO models, will be awarded through international competitive bidding. The deadline for bid submission is March 27.

The Solar Energy Corporation of India has invited bids for the development of an aggregate capacity of 20 MW of lagoon-based floating PV with 60 MWh of battery-based storage systems in the Union Territory of Lakshadweep.

The payment security fund administered by SECI will ensure late payments by debt-laden discoms will not affect solar developers. The government is considering a levy on PV projects to help maintain the fund.

Developers will have to provide operation and maintenance services for ten years for the project at Kasargod Solar Park. The deadline for bid submission is in two weeks.

From April to November, Indian imports of solar cells and modules from Singapore – worth Rs489 crore, Vietnam (Rs263 crore) and Thailand (Rs155 crore) recorded whopping annual growth rates of 242%, 440% and 2,711%, respectively.

The facility is expected to have solar generation capacity of 360 MW and wind capacity of 100 MW, said the company in a financial update.

The president of India has sanctioned setting up of 14 MW grid-connected solar PV projects with aggregate battery storage capacity of 42 MWh for Jammu & Kashmir under Prime Minister Development Package (PMDP)-2015 . The projects would be set up during 2019-20 and 2020-21, and include 7 MW solar projects with battery storage of 21 MWh each in Leh and Kargil at different locations. These would be implemented in developer mode, at a fixed tariff of Rs 2 per unit, with viability gap funding support.

India’s Solar Energy Corporation of India (SECI) has tendered 1.5 GW worth of solar cell and module manufacturing capacity linked to ISTS connected solar PV power plants for an aggregate capacity of 3 GW. The plants are to be developed on ‘build own operate’ basis. The maximum tariff payable to the project developers has been fixed at Rs 2.75/kWh for 25 years.