Saturday, March 25, 2023
Green Reporter
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation
No Result
View All Result
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation
No Result
View All Result
Green Reporter
No Result
View All Result
Home Energy

9GW green contracts to be auctioned

GrR by GrR
June 13, 2021
in Energy
0
9GW green contracts to be auctioned
56
SHARES
243
VIEWS
Share on FacebookShare on Twitter


In one of the largest tranches of Indian clean energy contracts on offer, developers are eyeing projects of at least 9 gigawatts (GW) that will be bid out over the next three weeks, said two people aware of the development.

These contracts that require an investment of over $4 billion are being offered after a long lull, and are for setting up solar, hybrid and wind energy projects. They are being tendered by state-run Solar Energy Corporation of India (SECI), Maharashtra State Electricity Distribution Company Ltd (MSEDCL) and Rewa Ultra Mega Solar Ltd. (RUMSL)—a joint venture between SECI and Madhya Pradesh UrjaVikas Nigam Ltd.

This capacity had bunched up due to the coronavirus pandemic. While 6.68GW capacity is being auctioned by SECI, MSEDCL and RUMSL are bidding out contracts for 1GW and 1.5GW, respectively.

“While 6.68GW is being tendered by SECI, 1.5GW is being tendered by RUMSL at its solar parks at Agar, Shajapur and Neemuch. MSEDCL is offering a 1 GW capacity,” said one of the two people cited above requesting anonymity.

“Among the first off the block is RUMSL and MSEDCL’s solar contracts for 550MW (megawatts) and 500MW respectively that is scheduled for 14 June (Monday). There is also a 2,500MW contract from SECI for round the clock (RTC) power combining thermal and renewable energy sources,” said the second person cited above who also did not want to be named.

While India’s wind power tariffs recorded an all-time low of ₹2.44 per unit in December 2017, India’s solar tariffs hit an all-time low of ₹1.99 per unit in December last year. Since then, India has decided to impose a 40% basic customs duty on solar modules and 25% on solar cells from 1 April 2022, a move that would make imports costlier and encourage local manufacturing.

Also, the ministry of new and renewable energy (MNRE) has issued an order enforcing a list of approved solar photo voltaic (PV) models and module manufacturers for government-supported schemes, including projects from where distribution companies procure electricity for supply to their consumers.

“A lot of the tenders had bunched up due to the coronavirus pandemic. This is the largest capacity that is being tendered in recent times and there is a lot of developers’ interest in bidding for them,” said the first person cited above.

Queries emailed to a SECI spokesperson on late Friday evening remained unanswered till press time. MSEDCL and RUMSL could not be immediately contacted.

In addition, state-run Indian Renewable Energy Development Agency Ltd has extended the bid submission deadline for setting up 12GW of solar power projects till 15 June, after the Union government extended the deadline for completion of green energy projects, due to difficulties arising from the second wave of the coronavirus pandemic.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint.
Download
our App Now!!



Source link

Previous Post

Gunnedah celebrates sustainability through the Waste Into Art competition

Next Post

Climate change: Tackling increasing lightning strikes

GrR

GrR

Green Reporter is a global source for news of sustainability, green industry, green technology, clear energy, sustainable food production, and green investments. Our aim is to deliver the best news and information to you.

Next Post
Climate change: Tackling increasing lightning strikes

Climate change: Tackling increasing lightning strikes

  • Trending
  • Comments
  • Latest
Climate change in our backyard: Manitoba begins to grapple with the consequences – Winnipeg

Climate change in our backyard: Manitoba begins to grapple with the consequences – Winnipeg

August 10, 2021
Repsol starts marketing debut sustainability-linked bond sale

Repsol starts marketing debut sustainability-linked bond sale

June 29, 2021
Sustainability Ambitions Soaring at KCI

Sustainability Ambitions Soaring at KCI

December 6, 2021
Chris Pratt explains where the White Spikes originated

Chris Pratt explains where the White Spikes originated

July 3, 2021
Stop burning our rights! What governments and corporations must do to protect humanity from the climate crisis – World

Stop burning our rights! What governments and corporations must do to protect humanity from the climate crisis – World

Biden said to mull dropping corporate tax hike to fund jobs plan

Biden said to mull dropping corporate tax hike to fund jobs plan

Global investors pressure Asian utilities to cut emissions

Global investors pressure Asian utilities to cut emissions

Global inequity could derail path to net zero

Global inequity could derail path to net zero

What’s With A24’s Religious Obsession?

What’s With A24’s Religious Obsession?

August 12, 2022
Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022
EU ban on Russian coal enters into force

EU ban on Russian coal enters into force

August 12, 2022
Immune system insights and Thai climate calculator: News from the College | Imperial News

Immune system insights and Thai climate calculator: News from the College | Imperial News

August 12, 2022

Recent News

What’s With A24’s Religious Obsession?

What’s With A24’s Religious Obsession?

August 12, 2022
Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022
EU ban on Russian coal enters into force

EU ban on Russian coal enters into force

August 12, 2022
Immune system insights and Thai climate calculator: News from the College | Imperial News

Immune system insights and Thai climate calculator: News from the College | Imperial News

August 12, 2022

Recent News

What’s With A24’s Religious Obsession?

What’s With A24’s Religious Obsession?

August 12, 2022
Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022
EU ban on Russian coal enters into force

EU ban on Russian coal enters into force

August 12, 2022

Browse by Category

  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation

Follow Us

  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise

© 2021 Copyright Green Reporter

No Result
View All Result
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation

© 2021 Copyright Green Reporter