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MercomIndia.com delivers energy news, research and market analysis for India's renewable and clean energy market."/><link rel="preload" as="image" imageSrcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FMercom-FI-28.png&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FMercom-FI-28.png&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FMercom-FI-28.png&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FMercom-FI-28.png&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FMercom-FI-28.png&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FMercom-FI-28.png&w=1200&q=75 1200w, 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class="styles_container__TFaNi"><a href="/madhya-pradesh-tenders-1-5-gw-solar-projects-under-kusum" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FMercom-FI-28.png&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FMercom-FI-28.png&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FMercom-FI-28.png&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FMercom-FI-28.png&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FMercom-FI-28.png&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FMercom-FI-28.png&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FMercom-FI-28.png&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FMercom-FI-28.png&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FMercom-FI-28.png&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FMercom-FI-28.png&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/madhya-pradesh-tenders-1-5-gw-solar-projects-under-kusum" class="styles_title__1_iL8">Madhya Pradesh Tenders 1.5 GW Solar Projects Under KUSUM</a><p class="styles_desc__hJut5">Madhya Pradesh Urja Vikas Nigam (MPUVNL) has issued a request for proposal (RfP) to select renewable energy power generators to set up a cumulative capacity of 1,500 MW...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">February 17, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Tina Freese</p><p class="styles_slash__BXBoW">/</p><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span><p class="styles_comma__WZde1">,</p></a><a href="/category/tenders-auctions" class="styles_entry__TF29t"><span>Tenders & Auctions</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/ntpc-renewable-energy-110-mw-wind-project-gujarat" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F01%2FStandard-Mercom-5.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F01%2FStandard-Mercom-5.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F01%2FStandard-Mercom-5.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F01%2FStandard-Mercom-5.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F01%2FStandard-Mercom-5.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F01%2FStandard-Mercom-5.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F01%2FStandard-Mercom-5.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F01%2FStandard-Mercom-5.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F01%2FStandard-Mercom-5.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F01%2FStandard-Mercom-5.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/ntpc-renewable-energy-110-mw-wind-project-gujarat" class="styles_title__1_iL8">NTPC Renewable Energy Invites Bids for 110 MW Wind Project in Gujarat</a><p class="styles_desc__hJut5">NTPC Renewable Energy has invited bids to supply and install wind turbine generators for a 110 MW interstate transmission system (ISTS)-connected wind energy project at...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">February 17, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Arjun Joshi</p><p class="styles_slash__BXBoW">/</p><a href="/category/tenders-auctions" class="styles_entry__TF29t"><span>Tenders & Auctions</span><p class="styles_comma__WZde1">,</p></a><a href="/category/wind" class="styles_entry__TF29t"><span>Wind</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/grew-solar-to-set-up-3-gw-cell-and-module-facility-in-madhya-pradesh" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-48.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-48.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-48.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-48.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-48.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-48.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-48.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-48.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-48.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-48.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/grew-solar-to-set-up-3-gw-cell-and-module-facility-in-madhya-pradesh" class="styles_title__1_iL8">GREW Solar to Set Up 3 GW Cell and Module Facility in Madhya Pradesh</a><p class="styles_desc__hJut5">GREW Solar has announced it will invest ₹30 billion (~$345 million) to set up a 3 GW solar cell and module manufacturing facility in, Madhya Pradesh. The 60-acre...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">February 17, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Staff</p><p class="styles_slash__BXBoW">/</p><a href="/category/manufacturing" class="styles_entry__TF29t"><span>Manufacturing</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/nhpc-1-gwh-bess-andhra-pradesh" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FNHPC-Invites-Bids-for-500-MW1-GWh-Standalone-BESS-in-Andhra-Pradesh.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FNHPC-Invites-Bids-for-500-MW1-GWh-Standalone-BESS-in-Andhra-Pradesh.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FNHPC-Invites-Bids-for-500-MW1-GWh-Standalone-BESS-in-Andhra-Pradesh.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FNHPC-Invites-Bids-for-500-MW1-GWh-Standalone-BESS-in-Andhra-Pradesh.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FNHPC-Invites-Bids-for-500-MW1-GWh-Standalone-BESS-in-Andhra-Pradesh.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FNHPC-Invites-Bids-for-500-MW1-GWh-Standalone-BESS-in-Andhra-Pradesh.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FNHPC-Invites-Bids-for-500-MW1-GWh-Standalone-BESS-in-Andhra-Pradesh.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FNHPC-Invites-Bids-for-500-MW1-GWh-Standalone-BESS-in-Andhra-Pradesh.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FNHPC-Invites-Bids-for-500-MW1-GWh-Standalone-BESS-in-Andhra-Pradesh.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FNHPC-Invites-Bids-for-500-MW1-GWh-Standalone-BESS-in-Andhra-Pradesh.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/nhpc-1-gwh-bess-andhra-pradesh" class="styles_title__1_iL8">NHPC Invites Bids for 500 MW/1 GWh Standalone BESS in Andhra Pradesh</a><p class="styles_desc__hJut5">NHPC has invited bids to set up 500 MW/1,000 MWh standalone battery energy storage systems (BESS) connected to the intrastate transmission system in Andhra Pradesh...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">February 17, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Arjun Joshi</p><p class="styles_slash__BXBoW">/</p><a href="/category/energy-storage" class="styles_entry__TF29t"><span>Energy Storage</span><p class="styles_comma__WZde1">,</p></a><a href="/category/tender-auction" class="styles_entry__TF29t"><span>Tenders & Auctions</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/daily-news-wrap-up-mop-issues-pumped-storage-project-bidding-guidelines" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-7.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-7.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-7.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-7.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-7.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-7.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-7.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-7.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-7.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-7.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/daily-news-wrap-up-mop-issues-pumped-storage-project-bidding-guidelines" class="styles_title__1_iL8">Daily News Wrap-Up: MoP Issues Pumped Storage Project Bidding Guidelines</a><p class="styles_desc__hJut5">The Ministry of Power has issued tariff-based competitive bidding guidelines to procure stored energy from existing, under-construction, or new pumped storage projects....</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">February 17, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Melvin Mathew</p><p class="styles_slash__BXBoW">/</p><a href="/category/energy-storage" class="styles_entry__TF29t"><span>Energy Storage</span><p class="styles_comma__WZde1">,</p></a><a href="/category/water" class="styles_entry__TF29t"><span>Water</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/gujarat-floats-epc-tender-for-110-mw-floating-solar-project" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/gujarat-floats-epc-tender-for-110-mw-floating-solar-project" class="styles_title__1_iL8">Gujarat Floats EPC Tender for 110 MW Floating Solar Project</a><p class="styles_desc__hJut5">The Gujarat State Electricity Corporation (GSECL) has invited bids for the engineering, procurement, and construction (EPC) of a 110 MW floating solar project at the...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">February 17, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Staff</p><p class="styles_slash__BXBoW">/</p><a href="/category/floating-solar" class="styles_entry__TF29t"><span>Floating Solar</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span><p class="styles_comma__WZde1">,</p></a><a href="/category/tender-auction" class="styles_entry__TF29t"><span>Tenders & Auctions</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/ewec-floats-tender-for-140-mw-wind-project-in-abu-dhabi" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-6.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-6.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-6.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-6.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-6.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-6.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-6.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-6.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-6.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FStandard-Mercom-6.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/ewec-floats-tender-for-140-mw-wind-project-in-abu-dhabi" class="styles_title__1_iL8">EWEC Floats Tender for 140 MW Wind Project in Abu Dhabi</a><p class="styles_desc__hJut5">Emirates Water and Electricity Company (EWEC) has issued a request for proposal (RfP) to set up the 140 MW Al Sila wind power project in Abu Dhabi, United Arab Emirates....</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">February 14, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Melvin Mathew</p><p class="styles_slash__BXBoW">/</p><a href="/category/tenders-auctions" class="styles_entry__TF29t"><span>Tenders & Auctions</span><p class="styles_comma__WZde1">,</p></a><a href="/category/wind" class="styles_entry__TF29t"><span>Wind</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/rec-silicons-revenue-falls-shuts-polysilicon-facility" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/rec-silicons-revenue-falls-shuts-polysilicon-facility" class="styles_title__1_iL8">REC Silicon’s Revenue Falls 26% YoY as it Shuts Polysilicon Facility</a><p class="styles_desc__hJut5">Norway-based silicon material manufacturer REC Silicon reported a revenue of $29.7 million in the fourth quarter (Q4) of 2024, a 26.5% year-over-year (YoY) decline from...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">February 14, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Arjun Joshi</p><p class="styles_slash__BXBoW">/</p><a href="/category/finance-and-ma" class="styles_entry__TF29t"><span>Finance and M&A</span><p class="styles_comma__WZde1">,</p></a><a href="/category/other" class="styles_entry__TF29t"><span>Other</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/guidelines-pumped-storage-projects" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F08%2FGovernment-Issues-Draft-Tariff-based-Guidelines-for-Pumped-Storage-Projects.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F08%2FGovernment-Issues-Draft-Tariff-based-Guidelines-for-Pumped-Storage-Projects.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F08%2FGovernment-Issues-Draft-Tariff-based-Guidelines-for-Pumped-Storage-Projects.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F08%2FGovernment-Issues-Draft-Tariff-based-Guidelines-for-Pumped-Storage-Projects.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F08%2FGovernment-Issues-Draft-Tariff-based-Guidelines-for-Pumped-Storage-Projects.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F08%2FGovernment-Issues-Draft-Tariff-based-Guidelines-for-Pumped-Storage-Projects.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F08%2FGovernment-Issues-Draft-Tariff-based-Guidelines-for-Pumped-Storage-Projects.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F08%2FGovernment-Issues-Draft-Tariff-based-Guidelines-for-Pumped-Storage-Projects.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F08%2FGovernment-Issues-Draft-Tariff-based-Guidelines-for-Pumped-Storage-Projects.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F08%2FGovernment-Issues-Draft-Tariff-based-Guidelines-for-Pumped-Storage-Projects.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/guidelines-pumped-storage-projects" class="styles_title__1_iL8">Government Issues Bidding Guidelines for Pumped Storage Projects</a><p class="styles_desc__hJut5">The Ministry of Power has issued tariff-based competitive bidding guidelines to procure stored energy from existing, under-construction, or new Pumped Storage Projects...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">February 14, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Arjun Joshi</p><p class="styles_slash__BXBoW">/</p><a href="/category/energy-storage" class="styles_entry__TF29t"><span>Energy Storage</span><p class="styles_comma__WZde1">,</p></a><a href="/category/tender-auction" class="styles_entry__TF29t"><span>Tenders & Auctions</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/seci-500-mw-solar-projects-tranche-xix" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FSECI-Invites-Bids-to-Develop-500-MW-Solar-Projects.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FSECI-Invites-Bids-to-Develop-500-MW-Solar-Projects.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FSECI-Invites-Bids-to-Develop-500-MW-Solar-Projects.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FSECI-Invites-Bids-to-Develop-500-MW-Solar-Projects.jpg&w=828&q=75 828w, 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Bids will be opened on April 7.\u003c/p\u003e\n\u003cp\u003eBidders must pay an earnest money deposit of ₹100,000 (~$1152.7) per MW. They must also furnish a tender processing fee of ₹5,000 (~$57.6) per MW and 18% GST.\u003c/p\u003e\n\u003cp\u003eThe scope of work entails the design, engineering, supply, construction, erection, testing, and commissioning of the project, including the construction of the bay and related switchgear at the substation.\u003c/p\u003e\n\u003cp\u003eSuccessful bidders must provide comprehensive operation and maintenance services for 25 years.\u003c/p\u003e\n\u003cp\u003eBidders can participate in self-development mode or developer mode. For the self-development mode, they could be individual farmers, groups of farmers, cooperatives, panchayats, farmer producer organizations, water user associations, and government agricultural institutes.\u003c/p\u003e\n\u003cp\u003eBidders in developer mode can be corporate bodies, bidding consortiums, or joint ventures.\u003c/p\u003e\n\u003cp\u003eNo financial eligibility criteria have been prescribed for bidders participating in the self-development category. However, when bidding, bidders must own the land they intend to set up the solar power projects.\u003c/p\u003e\n\u003cp\u003eBidders participating in the developer mode must have a net worth of ₹10 million (~$115,279) per MW.\u003c/p\u003e\n\u003cp\u003eIn December 2024, MPUVNL \u003ca href=\"https://www.mercomindia.com/madhya-pradesh-epc-tender-rooftop-solar\" target=\"_blank\" rel=\"noopener\"\u003einvited\u003c/a\u003e bids to standardize rates and select contractors for 26 MW of grid-connected and off-grid rooftop solar systems under engineering, procurement, and construction mode.\u003c/p\u003e\n\u003cp\u003eSubscribe to Mercom’s \u003ca href=\"https://www.mercomindia.com/product/india-solar-tender-tracker\" target=\"_blank\" rel=\"noopener\"\u003eIndia Solar Tender Tracker\u003c/a\u003e to stay on top of real-time tender activity.\u003c/p\u003e\n","title":"Madhya Pradesh Tenders 1.5 GW Solar Projects Under KUSUM","modifiedGmt":"2025-02-17T08:25:55","categories":{"nodes":[{"name":"Solar","slug":"solar"},{"name":"Tenders \u0026 Auctions","slug":"tenders-auctions"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/Mercom-FI-28.png"}},"author":{"node":{"name":"Tina Freese"}}},{"id":"cG9zdDo3NjUxOQ==","slug":"ntpc-renewable-energy-110-mw-wind-project-gujarat","date":"2025-02-17T13:48:11","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/02/amazon_polly_76519.mp3?version=1739780325\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003e\u003ca href=\"https://ntpcrel.co.in/\" target=\"_blank\" rel=\"noopener\"\u003eNTPC Renewable Energy\u003c/a\u003e has invited bids to supply and install wind turbine generators for a 110 MW interstate transmission system (ISTS)-connected wind energy project at Khavda NTPC Renewable Energy Park in Gujarat.\u003c/p\u003e\n\u003cp\u003eThe last day to submit the bids is March 25, 2025. Bids will be opened on the same day.\u003c/p\u003e\n\u003cp\u003eThe cost of the bidding documents is ₹22,500 (~$259). Bidders must furnish ₹100 million (~$1.15 million) as bid security.\u003c/p\u003e\n\u003cp\u003eThe project scope includes designing, engineering, manufacturing, supplying, erecting, installing, testing, and commissioning wind turbine generators with a 3 MW or higher rating.\u003c/p\u003e\n\u003cp\u003eThey must establish the guaranteed performance parameters for the entire wind power project by installing the offered wind turbine generators, control panels, SCADA, and controls and systems software at NTPC Renewable Energy’s Pooling Substations 2 and 3.\u003c/p\u003e\n\u003cp\u003eBidders are responsible for the comprehensive operation and maintenance of the entire system for ten years from the project’s commissioning. This includes supplying spare parts and consumables and repairing or replacing faulty equipment.\u003c/p\u003e\n\u003cp\u003eThey must obtain the statutory approvals and clearances for power evacuation, grid connectivity, and coordination with state nodal renewable energy agencies, as needed.\u003c/p\u003e\n\u003cp\u003eBidders must be manufacturers of approved wind turbine generators with a minimum rating of 3 MW, as listed in the latest Revised List of Models and Manufacturers issued by the Ministry of New and Renewable Energy before the bid opening date.\u003c/p\u003e\n\u003cp\u003eNTPC Renewable Energy intends to finance the project using its own resources.\u003c/p\u003e\n\u003cp\u003eBidders must have a minimum average annual turnover of not less than ₹3.27 billion (~$37.65) during the last three years.\u003c/p\u003e\n\u003cp\u003eThey should have a positive net worth on the last day of the preceding financial year.\u003c/p\u003e\n\u003cp\u003eIn July last year, NTPC Renewable Energy \u003ca href=\"https://www.mercomindia.com/ntpc-960-mw-wind-karnataka/\" target=\"_blank\" rel=\"noopener\"\u003einvited\u003c/a\u003e bids to supply and install wind turbine generators for a 960 MW ISTS-connected wind energy project in Karnataka (Tranche III).\u003c/p\u003e\n\u003cp\u003eIndia added over 800 MW of wind power capacity in the fourth quarter of calendar year 2024, up 45.1% year-over-year from 551 MW. The capacity additions surged 13.3% quarter-over-quarter from 706.6 MW, according to \u003ca href=\"https://www.mercomindia.com/research\" target=\"_blank\" rel=\"noopener\"\u003eMercom India Research\u003c/a\u003e.\u003c/p\u003e\n","title":"NTPC Renewable Energy Invites Bids for 110 MW Wind Project in Gujarat","modifiedGmt":"2025-02-17T08:18:11","categories":{"nodes":[{"name":"Tenders \u0026 Auctions","slug":"tenders-auctions"},{"name":"Wind","slug":"wind"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/01/Standard-Mercom-5.jpg"}},"author":{"node":{"name":"Arjun Joshi"}}},{"id":"cG9zdDo3NjUwNw==","slug":"grew-solar-to-set-up-3-gw-cell-and-module-facility-in-madhya-pradesh","date":"2025-02-17T11:28:53","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/02/amazon_polly_76507.mp3?version=1739771966\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003e\u003ca href=\"https://grew.one/\" target=\"_blank\" rel=\"noopener\"\u003eGREW Solar\u003c/a\u003e has announced it will invest ₹30 billion (~$345 million) to set up a 3 GW solar cell and module manufacturing facility in, Madhya Pradesh.\u003c/p\u003e\n\u003cp\u003eThe 60-acre facility will be a three-stage backward-integrated manufacturing unit, using tunnel oxide passivated contact (TOPCon) technology. TOPCon utilizes an N-type silicon base to improve efficiency solar cell efficiency over traditional models.\u003c/p\u003e\n\u003cp\u003eThe facility is expected to be operational by 2026.\u003c/p\u003e\n\u003cp\u003eThe company has also started operations at its second unit in Jaipur, Rajasthan, and commenced constructing its phase-3 unit. The Jaipur plant will have a total production capacity of 8 GW after the new phase’s commissioning.\u003c/p\u003e\n\u003cp\u003eIn May 2024, Grew Energy \u003ca href=\"https://www.mercomindia.com/grew-energy-solar-facility-jammu-kashmir\" target=\"_blank\" rel=\"noopener\"\u003eannounced\u003c/a\u003e plans to set up a 3.2 GW solar module manufacturing facility in Kathua, Jammu \u0026amp; Kashmir. It said it was investing ₹45 billion (~$ 538.8 million) to establish the fully integrated three-stage facility on 80 acres of land. Upon completion, the plant will have an annual production capacity of 3.2 GW of solar modules and 2.8 GW of solar ingots, wafers, and cells.\u003c/p\u003e\n\u003cp\u003eIn April 2024, Grew Energy was \u003ca href=\"https://www.mercomindia.com/swelect-grew-renew-win-secis-auction-supply-400-mw-solar-modules\" target=\"_blank\" rel=\"noopener\"\u003edeclared\u003c/a\u003e one of the winners in Solar Energy Corporation of India’s auction to manufacture, test, package, forward, supply, and transport 400 MW of domestically manufactured solar modules. Grew Energy won 200 MW of the tendered 400 MW capacity.\u003c/p\u003e\n\u003cp\u003eIndia added 11.3 GW of solar modules and 2 GW of cell manufacturing capacity in the first half of 2024, according to Mercom’s, \u003ca href=\"https://www.mercomindia.com/product/state-solar-manufacturing-india-1h-2024\" target=\"_blank\" rel=\"noopener\"\u003eState of Solar PV Manufacturing in India 1H 2024\u003c/a\u003e report. The capacity additions were driven by a robust solar project pipeline of 132.7 GW planned between 2024 and 2026 and the reinstatement of the Approved List of Models and Manufacturers order in April 2024. As of June 2024, India’s cumulative solar module manufacturing capacity reached 77.2 GW, while solar cell capacity totaled 7.6 GW.\u003c/p\u003e\n","title":"GREW Solar to Set Up 3 GW Cell and Module Facility in Madhya Pradesh","modifiedGmt":"2025-02-17T05:58:53","categories":{"nodes":[{"name":"Manufacturing","slug":"manufacturing"},{"name":"Solar","slug":"solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/Copy-of-Mercom-FI-48.jpg"}},"author":{"node":{"name":"Staff"}}},{"id":"cG9zdDo3NjQ5OQ==","slug":"nhpc-1-gwh-bess-andhra-pradesh","date":"2025-02-17T10:55:25","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/02/amazon_polly_76499.mp3?version=1739770243\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003e\u003ca href=\"https://www.nhpcindia.com/\" target=\"_blank\" rel=\"noopener\"\u003eNHPC\u003c/a\u003e has invited bids to set up 500 MW/1,000 MWh standalone battery energy storage systems (BESS) connected to the intrastate transmission system in Andhra Pradesh (Tranche II).\u003c/p\u003e\n\u003cp\u003eDevelopers will be eligible for viability gap funding of ₹2.7 million (~$32,114)/MWh or 30% of the project’s capital cost, whichever is lower.\u003c/p\u003e\n\u003cp\u003eBids must be submitted by March 17, 2025. Bids will be opened on March 20.\u003c/p\u003e\n\u003cp\u003eBidders must submit an earnest money deposit ₹341,000 (~$3,930)/MWh.\u003c/p\u003e\n\u003cp\u003eSelected bidders must furnish a performance bank guarantee of ₹852,500 (~$9,826)/MWh.\u003c/p\u003e\n\u003cp\u003eThey must also provide a payment security deposit of ₹500,000 (~$5,763)/MWh to NHPC before declaring the commissioning of the project’s first part capacity.\u003c/p\u003e\n\u003cp\u003eSuccessful bidders must ensure the BESS is available for at least one operational cycle per day, maintain a minimum monthly system availability of 95%, and guarantee an AC-to-AC roundtrip efficiency of 85% monthly.\u003c/p\u003e\n\u003cp\u003eThey must also ensure the BESS is available for two operational cycles daily, maintain a minimum monthly system availability of 95%, and guarantee an AC-to-AC roundtrip efficiency of 85% monthly.\u003c/p\u003e\n\u003cp\u003eSuccessful bidders must employ commercially established and operational technologies that are compliant with the guidelines specified in codes and standards to minimize technology risks.\u003c/p\u003e\n\u003cp\u003eThey must commission the projects within 18 months of signing the battery energy storage purchase agreement.\u003c/p\u003e\n\u003cp\u003eBidders must pay a processing fee based on cumulative capacity:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e₹300,000 (~$3,457) + 18% GST for 40 MWh\u003c/li\u003e\n\u003cli\u003e₹500,000 (~$5,763) + 18% GST for above 40 MWh and up to 100 MWh\u003c/li\u003e\n\u003cli\u003e₹1 million (~$11,526) + 18% GST for above 100 MWh and up to 250 MWh\u003c/li\u003e\n\u003cli\u003e₹2 million (~$23,052) + 18% GST for above 250 MWh and up to 500 MWh\u003c/li\u003e\n\u003cli\u003e₹3 million (~$34,578) + 18% GST for above 500 MWh\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003ca href=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/NHPC-BESS-Andhra-1.png\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-76504 size-full\" src=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/NHPC-BESS-Andhra-1.png\" alt=\"NHPC BESS Andhra\" width=\"822\" height=\"248\" srcset=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/NHPC-BESS-Andhra-1.png 822w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/NHPC-BESS-Andhra-1-300x91.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/NHPC-BESS-Andhra-1-768x232.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/NHPC-BESS-Andhra-1-650x196.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/NHPC-BESS-Andhra-1-624x188.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/NHPC-BESS-Andhra-1-600x181.png 600w\" sizes=\"(max-width: 822px) 100vw, 822px\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eBidders must have a minimum net worth of ₹3.4 million (~$39,187)/MWh of the quoted capacity during the last financial year’s end or seven days before the bid submission deadline.\u003c/p\u003e\n\u003cp\u003eIn January, NHPC \u003ca href=\"https://www.mercomindia.com/nhpc-125-mw-500-mwh-standalone-bess\" target=\"_blank\" rel=\"noopener\"\u003eissued\u003c/a\u003e a tender to develop 125 MW/500 MWh standalone BESS connected to the intrastate transmission system in Kerala (Tranche I).\u003c/p\u003e\n\u003cp\u003eOnix Renewable, Jindal India Renewable Energy, NTPC Renewable Energy, Kolar Solar Power (Rays Power Infra), ReNew Solar Power, and Adani Renewable Energy Holding Nine (Adani Green) \u003ca href=\"https://www.mercomindia.com/nhpc-1-2-gw-solar-plus-storage-auction\" target=\"_blank\" rel=\"noopener\"\u003ewon\u003c/a\u003e NHPC’s auction to set up 1,200 MW solar power projects with 600 MW/1,200 MWh energy storage systems.\u003c/p\u003e\n","title":"NHPC Invites Bids for 500 MW/1 GWh Standalone BESS in Andhra Pradesh","modifiedGmt":"2025-02-17T05:30:39","categories":{"nodes":[{"name":"Energy Storage","slug":"energy-storage"},{"name":"Tenders \u0026 Auctions","slug":"tender-auction"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/NHPC-Invites-Bids-for-500-MW1-GWh-Standalone-BESS-in-Andhra-Pradesh.jpg"}},"author":{"node":{"name":"Arjun Joshi"}}},{"id":"cG9zdDo3NjQ5Ng==","slug":"daily-news-wrap-up-mop-issues-pumped-storage-project-bidding-guidelines","date":"2025-02-17T10:42:38","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/02/amazon_polly_76496.mp3?version=1739769177\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eThe Ministry of Power has \u003ca href=\"https://www.mercomindia.com/rec-silicons-revenue-falls-shuts-polysilicon-facility\" target=\"_blank\" rel=\"noopener\"\u003eissued\u003c/a\u003e tariff-based competitive bidding guidelines to procure stored energy from existing, under-construction, or new pumped storage projects. The draft policy was issued in August last year. According to the National Electricity Plan 2023, there will be a need for approximately 74 GW/411 GWh of energy storage systems by 2031-32. This includes 27 GW/175 GWh from PSP and 47 GW/236 GWh from battery energy storage systems.\u003c/p\u003e\n\u003cp\u003eSolar Energy Corporation of India (SECI) has \u003ca href=\"https://www.mercomindia.com/seci-500-mw-solar-projects-tranche-xix\" target=\"_blank\" rel=\"noopener\"\u003einvited\u003c/a\u003e bids to select developers to set up 500 MW of interstate transmission system-connected solar power projects (Tranche XIX). They must also pay success charges of ₹100,000 (~$1,151)/MW of contracted capacity to SECI to cover administrative costs, project monitoring, and coordination with state authorities. They must use only commercially established and operational technologies to minimize the technology risk and to achieve timely commencement of power supply from the projects. They must also use modules listed in the latest Approved List of Models and Manufacturers.\u003c/p\u003e\n\u003cp\u003eNorway-based silicon material manufacturer REC Silicon \u003ca href=\"https://www.mercomindia.com/rec-silicons-revenue-falls-shuts-polysilicon-facility\" target=\"_blank\" rel=\"noopener\"\u003ereported\u003c/a\u003e a revenue of $29.7 million in the fourth quarter (Q4) of 2024, a 26.5% year-over-year decline from $40.4 million. The company’s earnings per share came at a loss of $0.75 per share, compared to a profit of $0.25 in Q4 2023. It suffered earnings before interest, taxes, depreciation, and amortization loss of $5.3 million, compared to the $5.4 million loss in the same quarter the previous year.\u003c/p\u003e\n\u003cp\u003eEmirates Water and Electricity Company has \u003ca href=\"https://www.mercomindia.com/ewec-floats-tender-for-140-mw-wind-project-in-abu-dhabi\" target=\"_blank\" rel=\"noopener\"\u003eissued\u003c/a\u003e a request for proposal (RfP) to set up the 140 MW Al Sila wind power project in Abu Dhabi, United Arab Emirates. The RfP was issued to 16 companies and consortiums who qualified in the expression of interest round in October 2024. The project is expected to double Abu Dhabi’s wind generation capacity to 240 MW. It will be built on Abu Dhabi’s existing wind projects at Sila, Sir Bani Yas Island, and Delma Island. A successful developer or developer consortium will own up to 40% of the entity.\u003c/p\u003e\n","title":"Daily News Wrap-Up: MoP Issues Pumped Storage Project Bidding Guidelines","modifiedGmt":"2025-02-17T05:12:38","categories":{"nodes":[{"name":"Energy Storage","slug":"energy-storage"},{"name":"Water","slug":"water"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/Standard-Mercom-7.jpg"}},"author":{"node":{"name":"Melvin Mathew"}}},{"id":"cG9zdDo3NjQ5MA==","slug":"gujarat-floats-epc-tender-for-110-mw-floating-solar-project","date":"2025-02-17T10:10:42","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/02/amazon_polly_76490.mp3?version=1739767272\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eThe Gujarat State Electricity Corporation (\u003ca href=\"https://www.gsecl.in/\" target=\"_blank\" rel=\"noopener\"\u003eGSECL\u003c/a\u003e) has invited bids for the engineering, procurement, and construction (EPC) of a 110 MW floating solar project at the Kadana dam reservoir in Mahisagar, Gujarat.\u003c/p\u003e\n\u003cp\u003eBids must be submitted by March 12, 2025. Bids will be opened on March 18.\u003c/p\u003e\n\u003cp\u003eBidders must submit an earnest money deposit of ₹201.6 million (~$2.43 million) and a tender fee of ₹17,700 (~$213.25).\u003c/p\u003e\n\u003cp\u003eSelected bidders must furnish a performance bank guarantee of 5% of the contract value for 21 months.\u003c/p\u003e\n\u003cp\u003eThey must design the project and provide EPC services for a 33 kV underground transmission line to the pooling station and 33/220 kV bays at the Kadana Substation. They must also sign a 10-year comprehensive operations and maintenance agreement.\u003c/p\u003e\n\u003cp\u003eSuccessful bidders must use solar modules listed in the Approved List of Models and Manufacturers.\u003c/p\u003e\n\u003cp\u003eThe project must be completed within 18 months from the letter of intent.\u003c/p\u003e\n\u003cp\u003eBidders must comply with at least one of the following requirements:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eThey must have experience with at least one 10 MW floating solar project or a 30 MW project under execution\u003c/li\u003e\n\u003cli\u003eThey must have experience with 110 MW ground-mounted solar projects\u003c/li\u003e\n\u003cli\u003eThey must have designed, supplied, erected, supervised, and commissioned/executed at least one 65 MW project, two 45 MW projects, or three 25 MW projects\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eBidders must have an average annual turnover of ₹3.36 billion (~$40.48 million) over the last three years and a net worth of at least 100% of their paid-up share capital.\u003c/p\u003e\n\u003cp\u003eRecently, West Bengal State Electricity Distribution Company \u003ca href=\"https://www.mercomindia.com/west-bengal-invites-bids-for-6-mw-floating-solar-project\" target=\"_blank\" rel=\"noopener\"\u003einvited\u003c/a\u003e bids to implement a 6 MW floating solar project at PPSP Upper Dam, Purulia Pump Storage Project Site, Purulia, West Bengal.\u003c/p\u003e\n\u003cp\u003eIn January, the Cochin Port Trust \u003ca href=\"https://www.mercomindia.com/cochin-port-trust-floats-tender-for-1-5-mw-floating-solar-project\" target=\"_blank\" rel=\"noopener\"\u003einvited\u003c/a\u003e bids to set up a 1.5 MW grid-connected floating solar project under the renewable energy service company model.\u003c/p\u003e\n\u003cp\u003eSubscribe to Mercom’s \u003ca href=\"https://www.mercomindia.com/product/india-solar-tender-tracker\" target=\"_blank\" rel=\"noopener\"\u003eIndia Solar Tender Tracker\u003c/a\u003e to stay on top of the real-time tender activity.\u003c/p\u003e\n","title":"Gujarat Floats EPC Tender for 110 MW Floating Solar Project","modifiedGmt":"2025-02-17T04:40:42","categories":{"nodes":[{"name":"Floating Solar","slug":"floating-solar"},{"name":"Solar","slug":"solar"},{"name":"Tenders \u0026 Auctions","slug":"tender-auction"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/Copy-of-Mercom-FI-47.jpg"}},"author":{"node":{"name":"Staff"}}},{"id":"cG9zdDo3NjQ4NA==","slug":"ewec-floats-tender-for-140-mw-wind-project-in-abu-dhabi","date":"2025-02-14T18:31:42","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/02/amazon_polly_76484.mp3?version=1739538458\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eEmirates Water and Electricity Company (\u003ca href=\"https://www.ewec.ae/en/home\" target=\"_blank\" rel=\"noopener\"\u003eEWEC\u003c/a\u003e) has issued a request for proposal (RfP) to set up the 140 MW Al Sila wind power project in Abu Dhabi, United Arab Emirates.\u003c/p\u003e\n\u003cp\u003eThe RfP was issued to 16 companies and consortiums who qualified in the expression of interest round in October 2024.\u003c/p\u003e\n\u003cp\u003eResponses to the RfP are due by Q2 2025.\u003c/p\u003e\n\u003cp\u003eThe project is expected to double Abu Dhabi\u0026#8217;s wind generation capacity to 240 MW.\u003c/p\u003e\n\u003cp\u003eThe project will be built on Abu Dhabi\u0026#8217;s existing wind projects at Sila, Sir Bani Yas Island, and Delma Island.\u003c/p\u003e\n\u003cp\u003eThe scope of work involves the development, financing, construction, operation, maintenance, and ownership of the wind project and associated infrastructure.\u003c/p\u003e\n\u003cp\u003eA successful developer or developer consortium will own up to 40% of the entity, while the remaining equity will be held indirectly by the Abu Dhabi government.\u003c/p\u003e\n\u003cp\u003eThe developer will enter into a power purchase agreement with EWEC.\u003c/p\u003e\n\u003cp\u003eThe power purchase agreement will be structured as an energy purchase agreement where EWEC will only pay for the net electrical energy supplied by the plant.\u003c/p\u003e\n\u003cp\u003eIn 2024, EWEC acquired 75 sq km of land in Al Faya, Al Khazna, Al Zarraf, and Al Sila to develop 4.5 GW solar power and 140 MW wind power projects in Abu Dhabi.\u003c/p\u003e\n\u003cp\u003eThe solar power projects will support EWEC\u0026#8217;s delivery of 10 GW of installed solar capacity by 2030 and 18 GW by 2035.\u003c/p\u003e\n\u003cp\u003eAs per the mandates, EWEC must achieve the 60% clean energy target outlined in the Abu Dhabi Department of Energy\u0026#8217;s Clean Energy Strategic Target 2035 for Electricity Production in Abu Dhabi.\u003c/p\u003e\n\u003cp\u003eIn January, EWEC \u003ca href=\"https://www.mercomindia.com/ewec-1500-mw-zarraf-solar-project-abu-dhabi\" target=\"_blank\" rel=\"noopener\"\u003eissued\u003c/a\u003e a RfP from select developers for the 1,500 MW Zarraf solar project.\u003c/p\u003e\n\u003cp\u003eIn 2024, EWEC \u003ca href=\"https://www.mercomindia.com/masdar-partners-begin-construction-of-1-5-gw-al-ajban-solar-project-in-abu-dhabi\" target=\"_blank\" rel=\"noopener\"\u003eannounced\u003c/a\u003e the commencement of a 1.5 GW Al Ajban solar project led by EDF Renewables Middle East in partnership with Masdar and Korea Western Power Coin Abu Dhabi.\u003c/p\u003e\n","title":"EWEC Floats Tender for 140 MW Wind Project in Abu Dhabi","modifiedGmt":"2025-02-14T13:07:35","categories":{"nodes":[{"name":"Tenders \u0026 Auctions","slug":"tenders-auctions"},{"name":"Wind","slug":"wind"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/Standard-Mercom-6.jpg"}},"author":{"node":{"name":"Melvin Mathew"}}},{"id":"cG9zdDo3NjQ3OA==","slug":"rec-silicons-revenue-falls-shuts-polysilicon-facility","date":"2025-02-14T18:27:29","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/02/amazon_polly_76478.mp3?version=1739537953\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eNorway-based silicon material manufacturer \u003ca href=\"https://recsilicon.com/\" target=\"_blank\" rel=\"noopener\"\u003eREC Silicon\u003c/a\u003e reported a revenue of $29.7 million in the fourth quarter (Q4) of 2024, a 26.5% year-over-year (YoY) decline from $40.4 million.\u003c/p\u003e\n\u003cp\u003eThe company’s earnings per share came at a loss of $0.75 per share, compared to a profit of $0.25 in Q4 2023.\u003c/p\u003e\n\u003cp\u003eIt suffered an Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) loss of $5.3 million, compared to the $5.4 million loss in the same quarter the previous year.\u003c/p\u003e\n\u003cp\u003eThe company reported a net loss of $313.5 million, a sharp YoY \u003ca href=\"https://www.mercomindia.com/rec-silicon-revenue-rises-semiconductor-strength\" target=\"_blank\" rel=\"noopener\"\u003edecline\u003c/a\u003e from a net profit of $104.4 million. Discontinued operations comprised $297.8 million of its total loss.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/REC-silicon-im.png\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-76481 size-full\" src=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/REC-silicon-im.png\" alt=\"REC silicon im\" width=\"903\" height=\"308\" srcset=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/REC-silicon-im.png 903w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/REC-silicon-im-300x102.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/REC-silicon-im-768x262.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/REC-silicon-im-650x222.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/REC-silicon-im-624x213.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/REC-silicon-im-600x205.png 600w\" sizes=\"(max-width: 903px) 100vw, 903px\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eREC Silicon \u003ca href=\"https://www.mercomindia.com/rec-closes-us-polysilicon-facility-will-increase-focus-on-silicon-gas\" target=\"_blank\" rel=\"noopener\"\u003eannounced\u003c/a\u003e that it is shutting down its granular polysilicon business in Moses Lake and has discontinued operations in the solar-grade materials segment. The company shut down the facility to maintain stability and retain options for future opportunities.\u003c/p\u003e\n\u003cp\u003ePolysilicon production volume for Q4 reduced to 28 MT compared to 142 MT during Q3 2024. This reduction was planned to support REC Silicon’s exit from the Siemens polysilicon business.\u003c/p\u003e\n\u003cp\u003eThe company’s total polysilicon sales volumes, including by-products, were 377 MT in Q4 2024 compared to 169 MT during the previous quarter. Semiconductor-grade polysilicon sales were at 216 MT in Q4, a 100% quarter-over-quarter (QoQ) increase from 108 MT. Other grade polysilicon sales volumes increased by 100 MT to 161 MT during the quarter.\u003c/p\u003e\n\u003cp\u003eAverage polysilicon prices for the quarter decreased by 65.6% QoQ. Semiconductor-grade polysilicon average prices declined 61.5% QoQ due to the sales mix between Czochralski (CZ) and Float Zone (FZ) products. CZ and FZ are semiconductor manufacturing processes that help in creating high-efficiency products.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eFull Year 2024\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eREC Silicon reported a revenue of $140.8 million in 2024, similar to the previous year.\u003c/p\u003e\n\u003cp\u003eThe company’s earnings per share came in at a loss of $1.09 per share, compared to a profit of $0.07 in 2023.\u003c/p\u003e\n\u003cp\u003eIt reported an EBITDA loss of $17.9 million, a 14% YoY improvement from a loss of $15.7 million.\u003c/p\u003e\n\u003cp\u003eThe company suffered a net loss of $457.4 million, a 106% YoY decline from a net profit of $30.5 million.\u003c/p\u003e\n\u003cp\u003eThe company noted that semiconductor foundry revenue per wafer reached a record high, driven by strong artificial intelligence (AI) chip demand, benefiting companies such as TSMC and NVIDIA. However, the overall materials sector saw limited impact due to market diversification. Factory utilization in the automotive and power segments remained low due to weak electric vehicle growth and slower-than-expected global auto sales.\u003c/p\u003e\n\u003cp\u003ePersonal computer and smartphone sales reached a low point in mid-2024. However, overall factory utilization is expected to recover as chip inventories stabilize.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eMarket Outlook\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eREC Silicon expects uncertainty because of economic and geopolitical factors. Consumer electronics demand is projected to stay weak but improve in the second half of 2025, driven by data center investments in AI and cloud computing. The new Trump administration’s trade policies will influence market demand and timing, with potential trade frictions with China expected to impact global supply chains.\u003c/p\u003e\n\u003cp\u003eThe company anticipates growth in global solar installations in 2025 despite reduced subsidy support. Fiscal deficits have led several European Union nations to cut incentives, while the U.S. outlook depends on pending Inflation Reduction Act support and energy policy decisions.\u003c/p\u003e\n\u003cp\u003eAsia’s silane market remains oversupplied; however, U.S. solar cell manufacturing in 2025 is expected to create domestic demand. Proposed tariffs and duties could help balance energy and critical mineral markets, supporting U.S. and European Union manufacturing. While near-term solar wafer capacity remains limited, U.S. and European expansion depends on future policy decisions.\u003c/p\u003e\n\u003cp\u003eThe company said it focuses on immediate and short-term activities and is transitioning to a pure-play silicon gas producer, with the segment historically having better margin opportunity and less price volatility over shorter periods than polysilicon.\u003c/p\u003e\n","title":"REC Silicon’s Revenue Falls 26% YoY as it Shuts Polysilicon Facility","modifiedGmt":"2025-02-14T12:59:08","categories":{"nodes":[{"name":"Finance and M\u0026A","slug":"finance-and-ma"},{"name":"Other","slug":"other"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/REC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg"}},"author":{"node":{"name":"Arjun Joshi"}}},{"id":"cG9zdDo2OTU0OA==","slug":"guidelines-pumped-storage-projects","date":"2025-02-14T12:52:31","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/02/amazon_polly_69548.mp3?version=1739537226\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eThe \u003ca href=\"https://powermin.gov.in/\" target=\"_blank\" rel=\"noopener\"\u003eMinistry of Power\u003c/a\u003e has issued tariff-based competitive bidding guidelines to procure stored energy from existing, under-construction, or new Pumped Storage Projects (PSP).\u003c/p\u003e\n\u003cp\u003eAccording to the National Electricity Plan 2023, there will be a need for approximately 74 GW/411 GWh of energy storage systems (ESS) by 2031-32. This includes 27 GW/175 GWh from PSP and 47 GW/236 GWh from Battery Energy Storage Systems (BESS).\u003c/p\u003e\n\u003cp\u003eThe draft policy was issued in August last year.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eProcurement Mode\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eMode 1: Procurement from a PSP developed on a site identified by the procurer\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe procurer may establish the project at a site specified in the bidding documents. If the government or a government entity owns the site, the project must be developed on a Build-Own-Operate-Transfer basis for 25 to 40 years, as specified in the Request for Selection (RfS), to ensure equitable use across generations.\u003c/p\u003e\n\u003cp\u003eUnder the BOOT model, the project will be transferred to an entity identified by the state government at a predetermined amount at the end of the agreement term, as specified in the RfS.\u003c/p\u003e\n\u003cp\u003eThe procurer must prepare a Detailed Project Report (DPR) along with the bid. To minimize project risk, the procurer must establish a Special Purpose Vehicle (SPV) to handle all pre-feasibility activities, including securing environmental, forest, land clearances, and other statutory requirements.\u003c/p\u003e\n\u003cp\u003eThis SPV will be a wholly owned subsidiary of the procurer, with a minimum share capital of ₹100,000 (~$1,192), established under the Companies Act. The SPV will be transferred to the successful bidder at a cost that includes the par value of the shares and the expenses incurred by the procurer in operating the SPV, which will be pre-specified in the RfS.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eMode 2: Procurement from a PSP developed on a site identified by the bidder or already commissioned\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eIn this mode, the procurer will procure from a PSP developed on a site either self-identified by the bidder or from an already commissioned PSP. Development may occur on a Build-Own-Operate basis for 15 to 40 years, as specified in the RfS. PSP developers may identify potential sites for construction or offer storage from existing projects.\u003c/p\u003e\n\u003cp\u003eBefore beginning construction, the PSP developer must secure statutory clearances, including those under Section 8 of the Electricity Act and environmental, forest, and land clearances.\u003c/p\u003e\n\u003cp\u003eThe procurer will not be liable for any delays in obtaining these clearances. Selected bidders must submit the approved DPR before signing the Power Purchase Agreement (PPA).\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eIndicative Timelines\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/Timeline-PSP.png\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-76469 size-full\" src=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/Timeline-PSP.png\" alt=\"Timeline PSP\" width=\"722\" height=\"476\" srcset=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/Timeline-PSP.png 722w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/Timeline-PSP-300x198.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/Timeline-PSP-650x429.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/Timeline-PSP-624x411.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/Timeline-PSP-600x396.png 600w\" sizes=\"(max-width: 722px) 100vw, 722px\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eBidding Parameters\u003c/strong\u003e\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003eStorage charge (₹/{MW/kW}/{year/month})\u003c/li\u003e\n\u003cli\u003eStorage charge (₹/{MW/kW}/{year/month}) with a pre-specified VGF/ Annuity support\u003c/li\u003e\n\u003cli\u003eComposite Tariff (₹/kWh basis) for electricity, including input power and storage costs.\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003e\u003cstrong\u003eMinimum Bid Capacity:\u003c/strong\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eFor ISTS-connected projects, the minimum bid capacity is 50 MW.\u003c/li\u003e\n\u003cli\u003eFor InSTS-connected projects, the minimum bid capacity is 10 MW.\u003c/li\u003e\n\u003cli\u003eDepending on land and transmission availability for projects in North-Eastern States, Special Category States, and other InSTS-connected projects, a smaller minimum capacity may be allowed.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cstrong\u003eTechnical Eligibility Criteria\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eApplicants must show experience in developing infrastructure projects over the past five years. Detailed requirements will be outlined in the RfS.\u003c/p\u003e\n\u003cp\u003eThe minimum aggregate capital expenditure for all qualifying projects undertaken in the last ten years must meet a threshold specified in the RfS.\u003c/p\u003e\n\u003cp\u003eThe minimum capital expenditure per qualifying project must meet the minimum capital expenditure defined in the RfS.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eFinancial Eligibility Criteria\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eNet worth/assets under management or investible funds must be at least 20% of the estimated capital cost of the PSP for the financial year in which bids are issued.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eEarnest Money Deposit (EMD)\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe EMD must be at least 2% of the estimated capital cost for the contracted capacity of the new PSP. It will be released within 15 days of issuing the Letter of Award (LoA) to non-selected bidders.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003ePerformance Bank Guarantee (PBG)\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe PBG must be at least 5% of the estimated capital cost for the contracted capacity of the new PSP.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eContract Award \u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe procurer and the successful bidder/project company or SPV will sign the PPA. If an intermediary procurer is involved, it will sign the PPA with the developers and a Power Sale Agreement (PSA) with the end procurer. The PSA will ensure back-to-back contracting of stored energy/storage capacity.\u003c/p\u003e\n\u003cp\u003eThe PPA should be signed ideally immediately after the PSA. The awarded capacity will be canceled if the PPA is not signed within six months of the LoA or if an agreed extension is not agreed upon. Further actions will be specified in the Bid document if the cumulative capacity eligible for PPAs is less than awarded.\u003c/p\u003e\n\u003cp\u003eThe procurer must publicly disclose successful bidder(s) and their quoted tariff/charges on their website for at least 30 days. Tariff adoption must be sought from the appropriate Commission within 30 days of issuance of the letter of award.\u003c/p\u003e\n\u003cp\u003eThe appropriate Commission must adopt the tariff within 60 days from the application date. If the Commission fails to arrive at a decision within this period, the procurer can extend the scheduled commencement of supply date and the financial closure date for the developer. The extension will be equivalent to the time taken by the Commission beyond the initial 60 days for tariff adoption.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eAdditional Provisions\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eTransmission Connectivity\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe developer is responsible for obtaining Transmission Connectivity to the ISTS network under GNA regulation at their own cost.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eForce Majeure\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe developer must notify the procurer of force majeure within 15 days of its occurrence. The procurer will respond within 15 days.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eFinancial Closure\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe financial closure period is within 12 months, with extension charges of ₹1,000 (~$12)/MW per day of delay.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eMinimum Part Capacity for Commissioning\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe minimum capacity for part commissioning is 50% of the project capacity or 50 MW, whichever is lower.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eCompensation for off-take constraints\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eIf the procurer is unable to procure the energy storage capacity or power scheduled by the developer due to transmission constraints or grid security issues, the following compensation provisions will apply:\u003c/p\u003e\n\u003cp\u003eUnder the tolling tariff model, the period of reduced off-take will be considered available for payment to the developer if the annual availability falls below the normative level specified in the RfS. However, the total availability after this adjustment will not exceed the normative availability.\u003c/p\u003e\n\u003cp\u003eUnder the composite tariff model, if the annual energy supplied is less than the contracted amount specified in the RfS, the following measures will be implemented:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eThe procurer will pay for the reduced energy at a rate specified in the RfS but not exceeding 60% of the composite tariff outlined in the PPA.\u003c/li\u003e\n\u003cli\u003eThe developer must offer any unused capacity or energy under the Late Payment Surcharge (LPS) Rules provisions.\u003c/li\u003e\n\u003cli\u003eProfits earned from the sale of un-requisitioned energy or capacity will be shared per the LPS Rules.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eIn October, the Ministry modified the provision of budgetary support for hydroelectric and PSP, with a total outlay of ₹124.6 billion (~$1.48 billion).\u003c/p\u003e\n\u003cp\u003eSubscribe to Mercom\u0026#8217;s real-time \u003ca href=\"https://mercomindia.com/product/mercoms-renewable-energy-regulatory-updates/\" target=\"_blank\" rel=\"noopener\"\u003eRegulatory Updates\u003c/a\u003e to ensure you don\u0026#8217;t miss any critical updates from the renewable industry.\u003c/p\u003e\n\u003cp\u003e\u003cem\u003e(The article has been updated to reflect the changes in the final version of the policy)\u003c/em\u003e\u003c/p\u003e\n","title":"Government Issues Bidding Guidelines for Pumped Storage Projects","modifiedGmt":"2025-02-14T12:46:57","categories":{"nodes":[{"name":"Energy Storage","slug":"energy-storage"},{"name":"Tenders \u0026 Auctions","slug":"tender-auction"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/Government-Issues-Draft-Tariff-based-Guidelines-for-Pumped-Storage-Projects.jpg"}},"author":{"node":{"name":"Arjun Joshi"}}},{"id":"cG9zdDo3NjQ2Mw==","slug":"seci-500-mw-solar-projects-tranche-xix","date":"2025-02-14T10:36:10","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/02/amazon_polly_76463.mp3?version=1739509616\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eSolar Energy Corporation of India (\u003ca href=\"https://www.mercomindia.com/seci-solar-project-storage-ladakh\" target=\"_blank\" rel=\"noopener\"\u003eSECI\u003c/a\u003e) has invited bids to select developers to set up 500 MW of interstate transmission system (ISTS)-connected solar power projects (Tranche XIX).\u003c/p\u003e\n\u003cp\u003eBids must be submitted by March 17, 2025. Bids will be opened on March 20.\u003c/p\u003e\n\u003cp\u003eBidders must pay a document fee of ₹50,000 (~$575) and a bid processing fee of ₹20,000 (~$230)/MW.\u003c/p\u003e\n\u003cp\u003eThey must also submit an earnest money deposit of ₹942,000 (~$10,847)/MW.\u003c/p\u003e\n\u003cp\u003eSelected bidders must furnish ₹2.35 million (~$27,062)/MW per project as a performance bank guarantee.\u003c/p\u003e\n\u003cp\u003eThey must also pay success charges of ₹100,000 (~$1,151)/MW of contracted capacity to SECI to cover administrative costs, project monitoring, and coordination with state authorities.\u003c/p\u003e\n\u003cp\u003eSuccessful bidders must pay ₹0.02 (~$0.00023)/KWh to SECI as payment security mechanism charges.\u003c/p\u003e\n\u003cp\u003eThey must use only commercially established and operational technologies to minimize the technology risk and to achieve timely commencement of power supply from the projects.\u003c/p\u003e\n\u003cp\u003eThey must also use modules listed in the latest Approved List of Models and Manufacturers.\u003c/p\u003e\n\u003cp\u003eBidders must have a net worth of at least ₹9.42 million (~$108,478)/MW of the quoted capacity as of the last date of the previous financial year or at least seven days before the bid submission deadline.\u003c/p\u003e\n\u003cp\u003eThey must have a minimum annual turnover of ₹4.53 million (~$52,167)/MW of the quoted capacity during the last three financial years.\u003c/p\u003e\n\u003cp\u003eBidders must have an internal resource generation capability in the form of profit before depreciation interest and taxes for a minimum of ₹906,050 (~$10,434)/MW of the quoted capacity as of the last date of the previous financial year or at least seven days before the bid submission deadline.\u003c/p\u003e\n\u003cp\u003eThey must present an in-principle sanction letter from their lending institutions or banks, committing a line of credit for a minimum of ₹1.13 million (~$13,013)/MW of the quoted capacity towards meeting the working capital requirement.\u003c/p\u003e\n\u003cp\u003eReNew Solar Power, ACME Solar Holdings, and Adani Renewable Energy Holdings Twelve \u003ca href=\"https://www.mercomindia.com/renew-acme-and-adani-ists-solar-power-auction/\" target=\"_blank\" rel=\"noopener\"\u003ewon\u003c/a\u003e SECI’s Tranche XVIII auction to develop 1,000 MW of ISTS-connected solar power projects.\u003c/p\u003e\n\u003cp\u003eSubscribe to Mercom’s \u003ca href=\"https://mercomindia.com/product/india-solar-tender-tracker/\" target=\"_blank\" rel=\"noopener\"\u003eIndia Solar Tender Tracker \u003c/a\u003eto stay on top of real-time tender activity.\u003c/p\u003e\n","title":"SECI Invites Bids to Develop 500 MW Solar Projects","modifiedGmt":"2025-02-14T05:06:10","categories":{"nodes":[{"name":"Solar","slug":"solar"},{"name":"Tenders \u0026 Auctions","slug":"tenders-auctions"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/SECI-Invites-Bids-to-Develop-500-MW-Solar-Projects.jpg"}},"author":{"node":{"name":"Arjun Joshi"}}}],"allPosts":[{"id":"cG9zdDo3NjUyNQ==","slug":"madhya-pradesh-tenders-1-5-gw-solar-projects-under-kusum","date":"2025-02-17T13:55:55","title":"Madhya Pradesh Tenders 1.5 GW Solar Projects Under KUSUM","modifiedGmt":"2025-02-17T08:25:55","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/Mercom-FI-28.png"}}},{"id":"cG9zdDo3NjUxOQ==","slug":"ntpc-renewable-energy-110-mw-wind-project-gujarat","date":"2025-02-17T13:48:11","title":"NTPC Renewable Energy Invites Bids for 110 MW Wind Project in Gujarat","modifiedGmt":"2025-02-17T08:18:11","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/01/Standard-Mercom-5.jpg"}}},{"id":"cG9zdDo3NjUwNw==","slug":"grew-solar-to-set-up-3-gw-cell-and-module-facility-in-madhya-pradesh","date":"2025-02-17T11:28:53","title":"GREW Solar to Set Up 3 GW Cell and Module Facility in Madhya Pradesh","modifiedGmt":"2025-02-17T05:58:53","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/Copy-of-Mercom-FI-48.jpg"}}},{"id":"cG9zdDo3NjQ5OQ==","slug":"nhpc-1-gwh-bess-andhra-pradesh","date":"2025-02-17T10:55:25","title":"NHPC Invites Bids for 500 MW/1 GWh Standalone BESS in Andhra Pradesh","modifiedGmt":"2025-02-17T05:30:39","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/NHPC-Invites-Bids-for-500-MW1-GWh-Standalone-BESS-in-Andhra-Pradesh.jpg"}}},{"id":"cG9zdDo3NjQ5Ng==","slug":"daily-news-wrap-up-mop-issues-pumped-storage-project-bidding-guidelines","date":"2025-02-17T10:42:38","title":"Daily News Wrap-Up: MoP Issues Pumped Storage Project Bidding Guidelines","modifiedGmt":"2025-02-17T05:12:38","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/Standard-Mercom-7.jpg"}}},{"id":"cG9zdDo3NjQ5MA==","slug":"gujarat-floats-epc-tender-for-110-mw-floating-solar-project","date":"2025-02-17T10:10:42","title":"Gujarat Floats EPC Tender for 110 MW Floating Solar Project","modifiedGmt":"2025-02-17T04:40:42","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/Copy-of-Mercom-FI-47.jpg"}}},{"id":"cG9zdDo3NjQ4NA==","slug":"ewec-floats-tender-for-140-mw-wind-project-in-abu-dhabi","date":"2025-02-14T18:31:42","title":"EWEC Floats Tender for 140 MW Wind Project in Abu Dhabi","modifiedGmt":"2025-02-14T13:07:35","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/Standard-Mercom-6.jpg"}}},{"id":"cG9zdDo3NjQ3OA==","slug":"rec-silicons-revenue-falls-shuts-polysilicon-facility","date":"2025-02-14T18:27:29","title":"REC Silicon’s Revenue Falls 26% YoY as it Shuts Polysilicon 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