India’s first reverse auction for wind power by state-run Solar Energy Corp. of India (SECI) on Thursday is likely to see aggressive bidding from wind power firms for the 1 gigawatt (GW) tender, according to companies and consultants.
In a major thrust to solar power, the Cabinet Committee on Economic Affairs today approved doubling the capacity of solar parks in the country of 40,000 Megawatt.
India’s 175 GW renewable energy (RE) targets by 2022 are ambitious, to say the least. Compared to RE targets in Europe, China, or California that require 4-5% growth in RE capacity annually,
New Record Low Solar Tariff of Rs.3.30/kWh Logged at Rewa Solar Park Auction in Madhya Pradesh, India
In the recently concluded 750 MW Rewa Solar Park auction in Madhya Pradesh, bids reached a new record low of Rs.3.30 (~$0.494)/kWh (levelized tariff over 25 years) over a rupee lower than the previous low tariff of Rs.4.34 (~$0.065)/kWh,
Solar power tariffs have fallen to Rs 3 per unit and are expected to slide further in an ongoing online reverse auction.
Bidding for contracts to set up Madhya Pradesh government’s 750-mw Rewa ultra mega solar park is on.
The record low bids for solar power projects in the country may not be a threat to the sector after all. According to a report by Institute of Energy Economics and Financial Analysis (IEEFA)
Earlier this month, Solar Energy Corporation of India (SECI) received bids for India’s first wind power tender. According to Bridge to India.
According to consultancy services provider Bridge to India (Delhi), bids for the proposed and much delayed 750 MW solar photovoltaic
MD Ashvini Kumar said SECI is committed to finalise 5,500 MW of solar energy in next few years for which PPAs to produce 3,200 MW are already in place.
Solar Energy Corporation of India (SECI) said on Monday that it will shortly float tenders for putting up 2300 mw of solar power projects. Alongside, SECI said it has also signed Power Purchase Agreements (PPAs) with various stakeholders for 3,200 MW of solar power.
The Solar Energy Corporation of India (SECI) auctioned 100 MW of grid-connected solar photovoltaic (PV) capacity under the domestic content requirement (DCR) category at Ananthapuramu solar park in Andhra Pradesh, Mercom Capital Group, llc. (Austin, TX, U.S.) reports.