Leading Indian renewable energy developers are facing a liquidity crunch due to the COVID 19-induced nationwide lockdown and increased competition from emerging players. The country’s debt-ridden discoms are unable to pay off their dues to the generating companies. This has resulted in sharp increase in the sale of operational assets from various large renewable energy generators in the past few months.
A 2 gigawatt solar power tender received very a encouraging response amidst uncertainty resulting from the COVID-19 outbreak
Yet another solar power tender in India has received a surprisingly muted response, fueling worries that developers are looking for assurances and action from the government
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.
India wrapped up the sixth edition of its government-backed national wind energy tenders last month. The auction saw the second-highest tariff bid seen in such auctions.