The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has launched tenders for the development of 5 GW of solar capacity and 1 GW of pumped-storage hydropower projects across India. MSEDCL has invited bids for the procurement of 5 GW of grid-connected solar PV power projects, with projects that can be established in any state of India and must have a minimal capacity of 100 MW at a single location. Bids can be submitted until 24 April 2024.
In addition, MSEDCL has invited bids to provide grid-connected energy storage capacity of 1,000 MW/8,000 MWh from pumped-storage hydropower plants located anywhere in India. The company will enter into energy storage facility agreement with the selected developers on an annual fixed charge basis for a period of 40 years. For this tender, bids can be submitted until 15 April 2024.
At the end of 2022, solar and wind accounted for 22% of installed capacity in India, with respectively 63 GW and 42 GW, while hydropower capacity surpassed 51 GW. India plans to increase its non-fossil fuel capacity to 500 GW.
Do you want to become an expert on renewable energies auctions?
Discover our very detailed and regularly updated RES auctions database with worldwide coverage and a technical focus backed by academic research.
With our renewable energies auctions service you will be able to monitor auctions at a global level. Its (expanding) scope notably includes all major G20 countries and offers an especially fine tracking on Europe and South America.