GUVNL invites bids for up to 1 GW of solar projects across India

8 Feb 2023

India’s Gujarat Urja Vikas Nigam Limited (GUVNL) has issued a tender to procure 500 MW of grid-connected solar power across India, with an additional 500 MW under a greenshoe option. The minimum project capacity has been set at 25 MW. Bids can be submitted until 13 March 2023 and successful bidders will enter a 25-year power purchase agreement (PPA) with GUVNL.

At the end of 2021, solar and wind accounted for over 20% of installed capacity in India, with respectively 49 GW and 40 GW, while hydropower capacity surpassed 51 GW. India plans to increase its non-fossil fuel capacity to 500 GW and meet 50% of its energy requirements from renewables by 2030.

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