1. Home
  2. Infrastructure Energy
  3. POWER & RENEWABLE ENERGY
  4. India issues 11,098 MW in renewable energy tenders
India issues 11,098 MW in renewable energy tenders
POWER & RENEWABLE ENERGY

India issues 11,098 MW in renewable energy tenders

06 Nov 2024 2 Min Read CW Team
India’s renewable energy (RE) sector recorded substantial growth in October 2024, with 16 new tenders for a cumulative capacity of 11,098 MW issued, according to JMK Research’s Market Intelligence report. Major issuers included NHPC, which floated a 1,200 MW solar tender for ISTS connectivity, and NTPC, which launched a 1,200 MW wind-solar hybrid tender with an additional 600 MW capacity under a greenshoe option. SECI also issued bids for 1,200 MW of round-the-clock RE power through ISTS connections. The report highlights a continued expansion in RE installed capacity. From January to September 2024, the country added 17,444 MW of solar and 2,626 MW of wind capacity, reaching a cumulative RE capacity of 201.46 GW. In September alone, about 1,501 MW of combined solar and wind capacity was added. Auction activity remained robust, with a total of 6,316 MW of RE capacity allocated to various developers in October, underscoring India’s push toward green energy. Meanwhile, investment trends in October revealed that India’s RE sector attracted $103 million in new financing, maintaining momentum for project expansions. In the market, the Indian Energy Exchange (IEX) recorded stable trading activity, with 33.55 million units traded in the Green Term Ahead Market (GTAM), reflecting consistent demand from the previous month. The report also noted a slight 1.18% decline in domestic Mono PERC module prices in October. Policy developments for the month were significant, with 10 central and 12 state-level policy notifications, regulations, and orders issued, pointing to a regulatory environment actively supporting RE growth.>

India’s renewable energy (RE) sector recorded substantial growth in October 2024, with 16 new tenders for a cumulative capacity of 11,098 MW issued, according to JMK Research’s Market Intelligence report. Major issuers included NHPC, which floated a 1,200 MW solar tender for ISTS connectivity, and NTPC, which launched a 1,200 MW wind-solar hybrid tender with an additional 600 MW capacity under a greenshoe option. SECI also issued bids for 1,200 MW of round-the-clock RE power through ISTS connections. The report highlights a continued expansion in RE installed capacity. From January to September 2024, the country added 17,444 MW of solar and 2,626 MW of wind capacity, reaching a cumulative RE capacity of 201.46 GW. In September alone, about 1,501 MW of combined solar and wind capacity was added. Auction activity remained robust, with a total of 6,316 MW of RE capacity allocated to various developers in October, underscoring India’s push toward green energy. Meanwhile, investment trends in October revealed that India’s RE sector attracted $103 million in new financing, maintaining momentum for project expansions. In the market, the Indian Energy Exchange (IEX) recorded stable trading activity, with 33.55 million units traded in the Green Term Ahead Market (GTAM), reflecting consistent demand from the previous month. The report also noted a slight 1.18% decline in domestic Mono PERC module prices in October. Policy developments for the month were significant, with 10 central and 12 state-level policy notifications, regulations, and orders issued, pointing to a regulatory environment actively supporting RE growth.>

Next Story
Resources
23 Jan 2025

Master Builders Solutions Forges Path into India Market with MBT-Construction Chemicals

Master Builders Solutions, a global leader in innovative concrete admixtures and solutions for the construction industry, announces its strategic expansion into the dynamic Indian market. Leveraging its expertise and advanced solutions, Master Builders Solutions aims to address the growing demand for sustainable, high-performance construction materials across various sectors in India. The move into India represents a significant milestone for Master Builders Solutions, aligning with its commitment to delivering cutting-edge solutions worldwide. With a rapidly evolving construction landscape in..

Read More
Next Story
Resources
23 Jan 2025

TrucksUp collaborates with AU Small Finance Bank to empower aspiring buyers and small fleet owners

TrucksUp has announced a strategic partnership with AU Small Finance Bank Ltd to offer economic, easy and hassle-free financing solutions for used trucks focusing on driver and transport business community. This partnership tactically aims to support small fleet owners in India by providing low EMI loans at competitive interest rates. Their target audience can also benefit from refinancing options on existing trucks and avail of top-up loans to meet their financial needs. This is making the access to capital needs for truck drivers’ community easy to grow and scale their business. This colla..

Read More
Next Story
Resources
23 Jan 2025

Build Capital to Invest Rs 1.5 billion in Navi Mumbai’s RE Market in 2025

Build Capital, an innovative early-stage real estate fund, has completed its maiden investment in the Navi Mumbai market. This investment in Satyam Group’s project is part of Build’s strategy to become a preferred partner in early – stage real estate financing in Mumbai Metropolitan Region (MMR).Build Capital has further announced that it plans to invest close to Rs 1.5 billion (bn) in the Navi Mumbai market out of its total target investments of Rs. 4 bn for the year 2025. Kuldeep Jain, CEO and Co-Founder, Build Capital said, “We are plugging the existing gaps of early-stage financing..

Read More

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

Tata Projects Sees Order Intake Doubling To Over Rs 200 Bn In FY25
ECONOMY & POLICY
23 Jan 2025

Tata Projects Sees Order Intake Doubling To Over Rs 200 Bn In FY25

Blue Energy Motors Signs Rs 35 Bn Mou with Maharashtra
POWER & RENEWABLE ENERGY
23 Jan 2025

Blue Energy Motors Signs Rs 35 Bn Mou with Maharashtra

Global Solar Sector Funding Falls 24% to $26.3 Billion: Report
POWER & RENEWABLE ENERGY
23 Jan 2025

Global Solar Sector Funding Falls 24% to $26.3 Billion: Report

Avaada Group Receives Financial Commitments worth For 9 Projects
ECONOMY & POLICY
23 Jan 2025

Avaada Group Receives Financial Commitments worth For 9 Projects

Hyundai Localises Over 1.2k Parts & EV Battery Packs
ECONOMY & POLICY
23 Jan 2025

Hyundai Localises Over 1.2k Parts & EV Battery Packs

Tata Elxsi Joins Hands with Minespider for Battery Platform
POWER & RENEWABLE ENERGY
23 Jan 2025

Tata Elxsi Joins Hands with Minespider for Battery Platform

HMDA Plans to Raise Rs 200 Bn For Infrastructure Projects In Hyderabad
ECONOMY & POLICY
23 Jan 2025

HMDA Plans to Raise Rs 200 Bn For Infrastructure Projects In Hyderabad

Maharashtra Government to Revise Ready Reckoner Rates in Next Fiscal
Real Estate
23 Jan 2025

Maharashtra Government to Revise Ready Reckoner Rates in Next Fiscal

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000