IEX launches new contracts to enable renewable energy trade on the same day and up to 11 days ahead
The two newly introduced green contracts, daily and weekly, are in addition to already operational intra-day and day-ahead contingency contracts in the green market.
SECI tweaks 100 MW solar-plus-storage Chhattisgarh tender
The Solar Energy Corporation of India has issued amendments to the procurement and extended the bidding deadline a second time.
Driving a just clean energy transition
Climate Policy Initiative and REConnect Energy have developed an innovative mechanism called Garuda to retire old, inefficient thermal plants with equivalent renewable capacity. The scheme proposes a blended tariff that would include the normal tariff for the new renewable energy plant plus the cost of decommissioning the old fossil fuel plant, while making the provision for green bonds to finance RE.
Evolving risks could dampen solar investment flow
Indian solar sector remained buoyant even amid Covid pandemic as 15.3 GW of solar capacity (including solar-wind hybrid) was sanctioned in the current year’s first half itself. However, returns expectations from equity investments rose from around 14% in the first half of 2019 to 16-17%, indicating heightened risk perceptions among investors.
NTPC tenders for solar EPC contractors and developers
The state-run power company has invited engineering, procurement and construction services contractors and developers to bid for its solar project contracts, excluding the supply of PV modules. Applications can be submitted until November 19.
Green term-ahead trading records 151% growth
The Green (Renewable Energy) Term-Ahead Market traded 208 million units (MU) during October, representing a 151% growth month-on-month. Solar energy, at 173 MU, dominated the non-solar trade.
Conformity assessment of solar PV panels in India
Quality of testing is equally important even as new test labs come up for solar modules. Proper equipment selection and frequent calibration of equipment are prerequisites to ensure the credibility of the test results.
String monitoring boxes sought for 20 MW NTPC solar project
State-owned engineering major Bharat Heavy Electricals Ltd (BHEL) has retendered supply of string monitoring boxes with wireless communication for NTPC’s 20 MW solar project at Gandhar in Gujarat. Bidding closes on October 27.
Indexed renewable energy tariffs could save discoms up to INR 21,880 crore over five years
A joint report by the Institute for Energy Economics and Financial Analysis (Ieefa) and the CEEW-Centre for Energy Finance (CEF) has recommended indexed tariff structure over flat rate for future renewable capacity, with front-ending tariffs as low as INR 2/kWh, to ease near-term financial pressure on discoms.
NHDC seeks supplier for up to 350 MW of solar modules
The state-run hydropower company is targeting 340-350 MW of generation capacity in the 1.5 GW tender being held by SECI and state utility Madhya Pradesh Urja Vikash Nigam Limited. NHDC has opened a global tender to seek a panel supplier.
