The state-owned Solar Energy Corporation of India (SECI) has launched two new renewable tenders, totalling 4 GW of solar and wind projects. Under the ninth edition of national-level solar power auction, the para-statal will award 2 GW of solar PV capacity. The new tender will not include tariff caps, as requested by the recent order of the Ministry of New and Renewable Energy. Bidders will be allowed to submit a single bid ranging between 50 MW and 2 GW in multiples of 10 MW.
In addition, SECI is auctioning 2 GW of wind capacity under the ninth national-level wind energy tender, which also does not include a tariff cap. It corresponds to the latest wind tender (Round Nine) for 1.2 GW, which included an INR2.9/kWh tariff cap (US$4c/kWh), and which was rescheduled several times owing to a lack of interest from industry. Indeed, recent allocation rounds faced massive under-subscription, and the wind sector saw only 2.4 GW of new wind projects, in spite of a huge amount of auctioned capacity.
According to the government of India, installed renewable power capacity in India crossed the 84 GW threshold in December 2019 (84.4 GW), with wind power capacity reaching 37,280 MW, solar capacity 32,530 MW, biomass capacity 9,940 MW and small hydropower capacity 4,650 MW. India has set a target of 175 GW of renewable power capacity by 2022, including 100 GW from solar, 60 GW from wind, 10 GW from biomass and 5 GW from small hydropower.
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