A tender issued by Solar Energy Corporation of India for the supply of uninterrupted renewable energy was oversubscribed handsomely
The Indian state of Rajasthan continues to attract solar power developers from across the country with continued high subscription rates against the capacity offered in tenders
Finally, a ray of hope for the Indian renewable energy market with massive oversubscription in the latest and fourth national-level solar power tender issued by the Solar Energy Corporation of India. The massive oversubscription reported for this tender comes after capacity offered in a slew of state and central-level tenders remained unsubscribed by project developers
For the second time, India’s attempt at auctioning large solar-wind hybrid capacity failed as project developers submitted bids much lower than the offered capacity.
Problems do not seem to go away for the Indian renewable energy sector as project developers continue to face a multitude of problems and choose to stay away from competitive auctions.
Leading renewable energy generation companies are aggressively looking to expand their portfolios through inorganic means as minor players look to exit power plants in the face of increasing competition and unviable growth prospects.
One of India’s largest independent renewable energy generation companies has announced that it commissioned its largest solar power project to date.
India’s largest independent power generation company in the renewable energy sector — ReNew Power Limited — secured yet another round of debt funding from international investors as it continues to aggressively push to expand its project pipeline.