Indian Railways plans to tender 4 GW solar project
The procurement will be worth an estimated $2.25 billion, and will stipulate the use of 1.2 GW of Indian-made equipment. The power generated will replace 4 GW of coal-fired electricity consumption used by the railways.
Investment funds scramble to acquire Indian giant’s 1 GW assets
Global Infra Partners, KKR, Brookfield, I Squared Capital and Macquarie are reported to be among those eyeing the renewable energy assets of debt riddled Infrastructure Leasing and Financial Services.
Planned 5 GW Indian solar plant will be ‘the world’s largest’
Known as the “roof of the world,” the scenic Ladakh region of the Indian state of Jammu and Kashmir could soon host the world’s largest single-location PV plant.
Macquarie and India’s NTPC in race to buy Infrastructure Leasing and Financial Services’ assets
India’s leading infrastructure finance company expects to generate up to $1.14bn from wind and solar asset sales.
India will tender 500 GW renewable capacity by 2028
Of that colossal sum, 350 GW would be for solar. India currently has installed renewable energy capacity of 75 GW with a further 46 GW under implementation.
India floats 7.5 GW mega tender for Jammu & Kashmir
India’s Solar Energy Corporation of India has invited solar power developers to construct 7.5 GW grid connected projects in Leh and Kargil Districts in the state of Jammu & Kashmir under a competitive bidding process. Bid submission deadline is April 30. Tenders will be opened on the same day. The date of reverse auction will be advised at a later date.
India will auction 80 GW of solar, wind capacity by March 2020
The Indian Government plans to tender 60 GW of solar and 20 GW of wind capacity by March 2020. This would complete the planned auctions for its targets of 100 GW solar and 60 GW wind installations by 2022, leaving two years for project execution, according to an year-end review by the Ministry of New and Renewable Energy (MNRE).
Indian state-owned utility tenders a further 1.2 GW of solar
The projects, in Maharashtra state, will be commissioned through a reverse auction with technical bidding to close on December 19. The deadline for the submission of financial bids and the date for the reverse auction after the opening of financial bids, will be published in due course.
Extent of India’s new utility-scale solar has almost halved in six months
India added 1.2 GW of large-scale projects in the third quarter of 2018-19, taking new capacity in the first half to 1.9 GW. The numbers are down 43% and 44%, respectively, on the same periods of the previous year, according to Bridge to India’s quarterly India Solar Compass.
India’s 10 GW solar tender amended again – but deterrents remain
While the timelines for PV plant execution and completion of the manufacturing facilities required by the tender are now more realistic, production obligations – especially related to capacity utilization – need to be revisited.
