Solar Investment in India – some Indian states have issued tenders for renewable energy (wind and solar) – these tenders total 1.25 gigawatts and promise to be a huge step in the right direction for the country.
Solar Investment in India – 1.25 gigawatt solar/wind tenders
Solar Investment in India continues to grow – with three Indian states announcing 1.5 gigawatt in renewable tenders this week.
According to a post on Clean Technica, Uttarakhand, Maharashtra, and Andhra Pradesh have invited developers to set up hybrid projects (solar/wind) with energy storage as well. Under the tender terms, each company can bid to install 60-200 megawatts of power.
In Maharashtra, they are pushing hard to get some big new solar numbers – the Ministry of New and Renewable Energy (MNRE), has recommended an installed capacity target of 800 megawatts for the state by March 2022. The state already has 1.3 gigawatts of solar power capacity and plans are in motion to add another 3.2 GW in the next 2 years, so there’s still a ways to go. They have recently put out a separate tender for another gigawatt of solar power – with bidders offering up to 1.9 gigawatts for the 1 gigawatt price. Companies bidding for this tender include Avaada Energy and Adani Green Energy (bid to set up 500 MW each), Acme Solar and ReNew Power (bid to set up 300 MW each), Tata Power (150 MW), and Orange Renewables (100MW).
As for India as a whole, the Solar Energy Corporation of India (SECI) will also launch separate tenders for 60 gigawatts of capacity by March 2020. According to data from the Ministry of New and Renewable Energy, India currently has 25 gigawatts of solar, with another 36.6 under construction or auctioned. There are also 35 gigawatts of wind energy commissioned, and 9.4 gigawatts under construction.
It’s an exciting time for solar and renewable energy in India – we’ll be pleased to keep reporting on this massive country going green and some of the statistics that come from that.