Auction, tendering activity in India on the rise in December

Source. Mercom Capital Group (www.mercomindia.com).

January 8 (Renewables Now) - India held tenders for over 2,500 MW of solar projects and auctioned more than 750 MW of photovoltaic (PV) capacity in December 2017, consultancy Mercom Capital says.

According to data from Mercom India Solar Tender Tracker, the capacity under tenders in December jumped eightfold as compared to the preceding month's 300 MW. Meanwhile, the auctioned capacity soared from just 5 MW in November 2017.

An increase in both tender and auction activity is expected in the coming months, as well, the consultancy predicts.

Among some of the largest tenders in December were the one launched by the Maharashtra State Electricity Distribution Co Ltd (MSEDCL) for 1,000 MW of grid-connected solar projects, and the 860-MW tender by the Karnataka Renewable Energy Development Ltd (KREDL) for grid-connected solar projects in 43 administrative divisions in the state.

Auction activity last month included two auctions by the Solar Energy Corporation of India (SECI) for 500 MW and 250 MW in Bhadla, Rajasthan.

The increased tender and auction activity is in line with the Indian government’s plan to auction 3,000 MW of solar projects in each of December and January as part of its strategy for reaching the 175-GW renewables target by 2022.

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Veselina Petrova is one of SeeNews Renewables most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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