The Solar Energy Corporation of India has issued amendments to the procurement and extended the bidding deadline a second time.
The state-run hydropower company is targeting 340-350 MW of generation capacity in the 1.5 GW tender being held by SECI and state utility Madhya Pradesh Urja Vikash Nigam Limited. NHDC has opened a global tender to seek a panel supplier.
The generation capacity – three 450 MWp projects in Rajasthan – is expected to be commissioned towards early 2022.
A report by the Institute for Energy Economics and Financial Analysis says there is plenty of investment capital available for Indian renewables despite pandemic disruption.
The state, which is aiming to hit 2.2 GW of solar within two years, has received a Solar Energy Corporation of India proposal for 500 MW of floating project capacity even as it approves a 40 MW water-borne array put forward by the national solar body. The 500 MW suggested comes on top of a similar scale of floating PV planned across the state by public hydropower company NHPC.
The Spanish developer, which will sell solar energy at an Indian record low tariff of Rs2.36/kWh under a 25-year deal has spoken to pv magazine about the specifics of the landmark PV plant.
The winning bid, for 300 MW of generation capacity by Spanish developer Solarpack in a 2 GW auction is 3.3% lower than the previous record of Rs2.44.
A 2 GW tender conducted by the Solar Energy Corporation of India has reportedly concluded with prices of Rs2.36-2.38/kWh, according to a tweet which emerged this afternoon.
Almost 10 GW of hybrid generation capacity is already under implementation despite India having only 100 MW of combined wind and PV projects at present, according to analyst Crisil.
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