5.5 GW tendered and 2.75 GW renewable capacity awarded in India

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5.5 GW tendered and 2.75 GW renewable capacity awarded in India

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The Solar Energy Corporation of India (SECI) has published two Requests for Selections (RfS) for the development of 5.5 GW capacity on build-own-operate bases. One RfS seeks to award 3 GW solar photovoltaic capacity, while the other invites proposals for up to 2.5 GW generated by wind.

Bidders must propose solar projects with at least 50 MW generation capacity and with capacity in multiples of 10 MW only. Projects may be set up at a single location, or be installed in “blocks” in multiple locations. The minimum capacity of each block is 20 MW, and blocks must be set up in the same state.

Respondents to the wind RfS must propose projects with capacity between 50 and 300 MW

SECI shall enter into Power Purchase Agreements (PPA) with the successful bidders of both tenders for a period of 25 years. Neither RfS places any restriction of the location of proposed projects. For more information, see the Business Opportunities section of our website.

Recent tenders indicate mixed demand for capacity amongst developers. SECI has recently awarded 2 GW solar capacity in a tender that was oversubscribed by 1.8 GW. The lowest bidder, ACME Power was awarded 600 MW at INR2.44 (US$0.0354) per kWh - the lowest PPA price ever proposed in a solar auction, also quoted by the company in an auction last year.

Azure Power also won 600 MW, but at a slightly higher tariff of INR2.53 (US$0.0367) per kWh.  Shapoorji Pallonji, Hero Solar and Mahindra Susten were each awarded 250 MW, and the remaining 50 MW was awarded to the next lowest bidder Mahoba Solar, a subsidiary of Adani, who bid to install 500 MW. 

Considerably higher tariffs were quoted in response to SECI's more recent RfS for 750 MW solar photovoltaic capacity to be installed in Kadapa solar park in Andhra Pradesh. SB Energy Corp and Sprng Energy proposed the lowest PPA price - INR2.70 (US$0.0392) per kWh, with Ayana Renewable Power close behind at INR2.71 per kWh. All three developers were awarded 250 MW capacity.

The high demand for solar capacity is offset by the lack of demand for wind - SECI's recent 2 GW tender has only received bids amounting to 1.2 GWReNew Power, Adani Green, Sprng Energy, and Alfanar have each proposed projects with 300 MW capacity. The projects have not yet been officially awarded. 

These tenders and awards are part of the Government of India's ambitious target of achieving 175 GW power capacity from renewable energy resources by 2022. 100 GW are to come from solar photovoltaic power and 60 GW from wind power.

List of country news

Country news

  • July 06, 2018

    Maharashtra launches 750MW solar tender

    A tender for a total capacity of 750 MW in solar photovoltaic projects has been issued by The Maharashtra State Power Generation Company (MAHAGENCO), aiming to cater to the agricultural (AG) feeder load of various substations across the state. The deadline for submissions is July 20, 2018.

    Read more
  • June 27, 2018

    35 interested in India's first offshore wind project

    India's National Institute of Wind Energy (NIWE) has received 35 responses to a Request for Expressions of Interest (RFEOI) for the country's first offshore wind farm, published in April this year. The wind farm is to have a generation capacity of 1 GW.

    Read more
  • June 25, 2018

    UPDATE 2.5 GW hybrid wind-solar projects to be auctioned in India

    The Solar Energy Corporation of India (SECI) has published a Request for Selection (RfS) for 2.5 GW hybrid wind-solar projects. This follows the scheme's approval by the Indian President, which we reported at the end of May.

    Read more
  • June 18, 2018

    SoftBank to invest up to US$100 billion in Indian solar projects

    SoftBank Group, a Japanese conglomerate, is reportedly in advanced talks with the Indian government regarding an investment in solar projects in the country of between US$60 and 100 billion.

    Read more
  • May 31, 2018

    More renewable capacity to be tendered in India despite multiple deadline extensions

    The Solar Energy Corporation of India (SECI) has published a Request for Selection (RfS) for 2 GW wind projects. Developers are invited to submit projects with between 50 and 300 MW capacity to be delivered on build-own-operate (BOO) bases. SECI will sign 25-year power purchase agreements (PPAs) with selected proponents.

    Read more

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