12 GW Indian solar plan shelved
Citing a recent dip in solar tariffs, the central government has withdrawn a plan to install 12 GW of PV capacity – out of total 15 GW envisaged – via the state-owned NTPC Ltd.
India: Maharashtra discom issues 1 GW tender with tariff cap
The Indian state is looking to install 1 GW of new solar PV power under a new tender issued. A ceiling tariff of Rs 2.80 (US$0.039) has been set.
Just two bidders for India’s 1.2 GW wind-solar hybrid project
India’s much-hyped first wind-solar hybrid auction found just two bidders, with 360 MW of the 1,200 MW finding no takers at all. This is the second time the Solar Energy Corporation of India (SECI) has held this auction, after the first round in May failed to attract bidders.
Tamil Nadu floats 500 MW solar tender with tariff cap
Supervising authority has given the Indian state’s distribution company the green light to conduct three 500 MW solar tenders. The move marks the first procurement exercise held by the state utility in almost 12 months.
Double blow for Indian government as mega tenders meet with apathy
Only three bidders have come forward for huge manufacturing-linked solar and solar-wind hybrid procurement exercises. The separate auctions – originally intended to drive 12.5 GW of new generation and 5 GW of manufacturing capacity – prompted figures of just 3.05 GW and 600 MW, respectively.
Up to $1 billion expected from Sterling & Wilson solar share sale
Around US$1 billion is expected to be raised in the sale of up to 30% of Sterling & Wilson’s solar engineering arm. The funds will come from a pre-listing stake sale followed by an initial public offering (IPO), and will be used to reduce the debt of the 153-year-old conglomerate.
India’s SECI to float 4 GW of solar tenders in 4 months
Caught in a confusion of canceled auctions, tariff wars, safeguard duties and missed targets, the Indian government is now fast tracking solar power, having asked the Solar Power Corporation of India (SECI) to float 4 GW worth of tenders in four months.
Indian PV procurement leapt to 3 GW in October figures
Developers gave short shrift to warnings about depreciation, protectionism and tax headwinds as tendering and auction figures soared, but shied away from tough price caps set for the Solar Energy Corporation of India’s procurement exercises.
Further Indian sites considered to host large-scale floating solar
With the Solar Energy Corporation of India having already proposed 10 GW of solar be located on artificial bodies of water over the next three years, one of its directors has mooted ambitious plans at four more locations.
SoftBank and Essel to develop 500 MW solar park in India
A failed association with IL&FS has failed to deter SoftBank from its plan to invest a staggering $1tn in Indian solar by 2030. Now the Japanese funding giant is working with Essel Infraprojects on a 500 MW plant, with further details yet to be revealed.
