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www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 1
CONTENTS
Volume 02 | Issue 03 | May 2022
36 40 42 48
POLICY MARKETS MARKETS MARKETS
50 54 56 64
MARKETS TECHNOLOGY POLICY TENDERS & AUCTIONS
2 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Foreword
arnataka – one of the most attractive
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Markets
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 5
Policy
6 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Transmission
enewable energy project power purchase (PPA) and power sale developers note that the long-term
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 7
Policy
provided for the ISTS charges waiver Solution operationalization of long-term access
for solar and wind energy projects The Ministry has issued directions in periods before commissioning such
commissioned on or before June 30, to Central Electricity Regulatory renewable projects.
2025. The waiver is for 25 years from Commission (CERC) to amend the CERC A leading developer Mercom spoke
the date of commissioning of the (Sharing of Inter-State Transmission to said that since the developers have a
projects. Then why the delayed charges Charges and Losses) Regulations 2020. deadline extension to commission the
for the mismatch? CERC was directed to make provisions projects, there will be a mismatch in the
According to the regulations, for the CTU to extend the long-term long-term access approvals.
the ISTS charges are waived for the access start date in a case where the “Developers were granted long-term
developers but socialized for the CTU. scheduled commissioning dates of access start dates based on the original
“Socialized” in this context means the renewable projects was extended, commissioning date of the projects.
the charges are equally borne by the addressing the mismatch. But the CERC Now, if the commissioning dates are
designated ISTS customers, including is yet to amend the regulations and moved, developers end up paying
state transmission utilities and notify it. the penalty for no fault of theirs. The
distribution licensees. Ministry has directed CERC that long-
So, from the scheduled date of
commissioning of the renewable energy
ISTS charges are term access also must be extended,
but no order has been issued yet. This
projects and the operationalization waived for solar and needs to be addressed immediately,”
of the long-term access, the ISTS he said.
charges are socialized for the CTU. This wind energy projects Developers claim CTU is proceeding
means other designated customers,
including the DISCOMs, share the
commissioned on or on the understanding that none of the
Ministry’s orders referenced above have
charges. But in the gap between the before June 30, 2025 any application whatsoever to bilateral
long-term access issue date and the mismatch liability. Even in cases where
scheduled commissioning of the project According to the developers, despite long-term access has been granted on
(mismatch), the ISTS charges cannot be the Ministry’s orders, the CTU has been existing margins, the CTU is raising bills
socialized, which is a loss for the CTU. raising bills for the period of mismatch on renewable power producers who are
Hence, they levy these charges to be in commissioning a renewable otherwise eligible for relief under the
paid by the developer. energy project and the date of Ministry’s orders.
8 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
One Of The Fastest
Growing IPP’s !
O2 AD
U tility
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D L F Square, 8th Floor,
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Policy
ujarat Electricity Regulatory 8% of the total energy consumption as and suggestions from the stakeholders.
10 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Renewable Energy
Commission was incorporating biofuel considering energy generation from produce hydrogen and ammonia is from
and large hydropower projects as storage, the Commission stated that renewable sources, it qualifies for RPO
renewable energy sources. the storage of energy is not a source fulfillment.
Suggestions were also received to of generation. Wind or solar projects The Commission found the claim
include green hydrogen and green with energy storage systems will be of the stakeholders regarding the time
ammonia as renewable sources to fulfill considered renewable energy. taken to commission the projects and
RPO in line with the Ministry of Power’s The Commission noted that energy other challenges to have merit. Hence,
Green Hydrogen Policy. storage is an equipment that does not the Commission set RPO percentage for
Some stakeholders suggested generate electricity. It only functions FY 2022-23, FY 2023-24, and FY 2024-25
keeping the RPO percentage at 17% as a storage of energy (electricity) and at 17%, 18.70%, and 20.70%, respectively.
for FY 2022-23 and FY 2023-24, the releases such stored energy (electricity) The Commission stated that
same level as FY 2021-22 since it takes as and when required. So, the energy hydropower imported from outside
about 18 months for any solar project storage system is not a generator per the India would not be considered for
to be commissioned. Also, there are Electricity Act, 2003. Energy Storage meeting the hydropower purchase
various challenges in the availability of Systems will not be qualified as a obligation (HPO). It also allowed the
land, evacuation infrastructures, and a renewable energy source of generation. power consumed by obligated entities
substantial increase in the cost of input The Commission stated that energy from solar-wind energy-fed pumped
material, resulting in delays that could generated from wind, solar, biomass, hydro storage to qualify for meeting
come in the way of meeting the existing bagasse, biogas, MSW, geothermal, tidal, solar and non-solar RPO and HPO.
RPO targets. and large hydropower projects qualified GERC reduced the additional
Under such circumstances, the as hybrid projects. Energy generated surcharge payable by open access
stakeholders suggested continuing the from such projects qualifies for the consumers to the state distribution
overall target of 17% for FY 2022-23. For fulfillment of RPO. companies to ₹0.25 (~$0.003)/kWh to
FY 2023-24, instead of the proposed Regarding the suggestion to include promote open access in the state.
19.85%, they suggested 18.35%. green hydrogen and green ammonia Subscribe to Mercom’s real-time
as renewable energy sources for RPO Regulatory Updates to ensure you don’t
Commission’s Analysis fulfillment, the Commission noted miss any critical updates from the
Replying to the suggestion of that if the electricity consumed to renewable industry.
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 11
Markets
12 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Battery Storage
lobal corporate funding quarter (QoQ) increase compared to Parente, and $65 million by Our Next
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 13
Markets
Smart Grid Smart Grid companies raised $312 electricity supplier Tibber’s $100
Total corporate funding in the Smart million in VC funding through 12 deals million funding from Summa Equity
Grid segment was $316 million through in Q1 2022, a 9% growth compared to Fund III was the biggest deal in the
14 deals, a YoY increase of 7% compared $287 million raised through 10 deals quarter.
to $295 million in 11 deals in Q1 2021. during the same period last year. Digital Some of the other top VC funding
deals in Q1 2022 include $90 million
raised by SPAN, $27 million raised by
Battery Storage, Smart Grid, and Efficiency Top VC Funded Deals in Q1 2022 Utilidata, $21 million raised by David
Company Amount ($M) Energy, and $18 million raised by
JET Charge.
The report stated that the announced
debt and public financing market
250
activity in Q1 2022 plummeted to $4
million in three deals, a 99% decrease
compared to $484 million raised
through a public market financing deal
215 in the last quarter. In a YoY comparison,
this is a fall of 50% compared to $8
million raised through one public
market financing deal in Q1 2021.
A total of 39 VC investors
200 participated in Smart Grid funding in
Q1 2022.
There were three M&A transactions
in Q1 2022, compared to two M&A
transactions in the last quarter.
100
Efficiency
In Q1 2022, VC funding for Energy
Efficiency companies stood at $109
95 million raised through four deals, a
QoQ decrease of 7% compared to $118
million raised through four deals in
Q4 2021.
As per the report, the corporate
90 funding for Energy Efficiency
companies also declined 7% to $109
million compared to $118 million raised
in Q4 2021.
75 A total of 13 investors participated
in energy efficiency funding in Q1
2022. There were no M&A transactions
involving Energy Efficiency companies
Source: Mercom Capital Group
during the quarter.
14 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Markets
16 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Solar
Rajasthan
Becomes the First
10 GW Solar State
Rajasthan achieved the 10 GW of
large-scale solar installed capacity
milestone due to high solar insolation,
land availability, and minimal power
curtailment issues
By : Satish Shetty
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 17
Floating Solar - Key
to Unlock India’s
Renewables Target
Even with its massive potential to help the country meet its
solar target, floating solar continues to lag in installations
plagued mainly by higher costs, lack of technical knowledge
and policy support
By : Arjun Joshi
18 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Floating Solar
s a renewable source of parcels, which have its set of challenges. potential of such projects across India.
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 19
Markets
reservoir catering to our purpose. We “Adding floating solar to dams makes If you closely observe the pattern,
decided to use this reservoir to install a sense because dams are generally large, you can see that the size of floating
floating solar project.” open bodies of water with good road solar projects has risen year-over-
“Another benefit we noticed is that access and pre-existing infrastructure. year. A couple of years ago, 2 MW was
floating solar project provided shade So the entire project cost can be the size of the biggest floating solar
to the body of water and reduced drastically reduced as there is no need project. Now there are many projects
evaporation from our reservoir. This to build a new transmission system,” above 20- 30 MW. Soon we will have
is particularly useful in areas like ours, Kumar added. a 600 MW floating solar project in the
susceptible to drought, as water loss due backwaters of Omkareshwar Dam in
to evaporation can add up over time and The Challenges Madhya Pradesh. This clearly indicates
contribute to a shortage. There is also a “One of the biggest challenges floating the prominent role floating solar will
significant reduction in operations and solar faces is the lack of technical play in India’s renewable portfolio in the
maintenance costs as the water from the know-how. Currently, there are just a coming years.”
reservoirs is used to clean the modules. handful of companies in the floating “Companies like Quant solar,
We didn’t have to dig a bore well or solar space. As more players enter the which are engaged in research and
channel water through pipes from a space and there is more traction, we development of floating solar, should
faraway source.” can increase the size of the knowledge be promoted by the government so
Pankaj Kumar, Co-Founder and pool. The relatively higher project cost is that the industry can grow in totality.
Director of Quant Solar said, “Solar another challenge that floating solar has Government can consider providing
modules are durable and can perform gradually overcome. As with any new grants or opportunities to collaborate
under high temperatures. But as technology, it will take time for floating with premium institutions like the
with other electronics, with higher solar to become economical. If you see Indian Institute of Technology or the
temperatures come decreased power ground-mounted solar, it took nearly a Indian Institute of Science. This support
outputs. Solar panel performance tends decade for it to become as economical from the government will also give the
to decline as temperatures rise, causing as it is today. Despite being a relatively push required for more players to come
worry among the property owners newer technology, Floating solar will into the floating solar segment and boost
looking to install modules in a hot and achieve price parity with ground- the sector as a whole.”
sunny climate. The bodies of water that mounted projects in terms of project “Government should consider
host floating solar arrays help cool down costs, in my opinion,” Kumar said. bringing the manufacturing of floating
the solar equipment, which means the structures under the production linked
modules produce electricity at higher The way forward incentive (PLI) program. Without
efficiencies in hot climates than they Talking to Mercom about the government support, it is hard for any
might otherwise.” potential of floating solar, Kumar said,” industry to grow.” Kumar concluded.
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Markets
22 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Solar Modules
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 23
Policy
24 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Rooftop Solar
adhya Gujarat Vij Company minimum and maximum they can bid
The EMD for each
M Limited’s (MGVCL’s)
empanelment tender, one
of Gujarat’s largest, to
bidder, regardless
under each capacity range.
The bidders after that bid for these
capacity ranges. When calculating the
install 1 GW of residential rooftop solar of the capacity they earnest money deposit amounts for the
systems in urban and rural areas has capacity bid by developers, the project
hit a roadblock because of the high bid for, is about cost of the overall aggregate capacity is
earnest money deposit (EMD) amounts considered.
specified for various capacities.
₹20-₹25 million In the rooftop tenders issued
rooftop solar systems in urban areas. by MGVCL, the EMD amounts are
Rooftop solar tenders and EMD Another one was to install 300 MW charged for the total capacity under
The MGVCL issued two empanelment of residential rooftop solar systems in each category even if the engineering,
tenders under the Phase-II grid- rural areas. procurement, and construction (EPC)
connected rooftop solar program of When rooftop solar project tenders companies are bidding for only a part of
the Ministry of New and Renewable are floated, the total capacity is divided the aggregate capacity. This has made it
Energy (MNRE) and the SURYA Gujarat into capacity ranges. For each capacity difficult for Micro, Small, and Medium
program in Gujarat. One of the tenders range, there is an aggregate capacity Enterprises (MSME) and other small-
was to install 700 MW of residential specified. Bidders are notified of the scale EPCs to bid for the projects.
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 25
Policy
MNRE recently announced that the
EMD of 2% of the estimated project
cost would continue for all renewable
energy tenders issued on or after
January 1, 2022.
Industry reaction
Mercom India spoke to a few
developers to understand how the EMD
amount has impacted the bidding for
these tenders.
T.S. Jain, Managing Director of
Citizen Solar, a Gujarat-based solar
module manufacturer, said, “Previously
when tenders were issued in Gujarat,
the EMD amounts were always in lakhs.
For the last two rooftop tenders in
the state, it was ₹700,000 (~$9,160)
and ₹1.2 million (~$15,704). MGVCL,
in its latest tender, has divided the
total 1 GW rooftop solar capacity
into two tenders, 700 MW for urban it with previous rooftop solar tenders in in the tender process. The process has
areas and 300 MW for rural areas. the state, the policy was very different. become more transparent, and there
The EMD for each bidder, regardless The developers were required to submit are guidelines for faster approvals
of the capacity ranges they have bid a one-time fixed EMD per category, reducing the time to commission the
for, comes to approximately ₹20-₹25 regardless of the capacity, be it 1 kW, projects, and even setting up the net
million (~$261,728 – $327,160). Smaller 2 kW, 4 kW, or 10 kW. In the new metering. So, if they continue with the
EPCs who cannot afford this will end tenders, a developer must pay a same and just reduce the EMD, we see
up dropping out, leaving just the bigger separate EMD for every part they bid. the sector in the state going a long way.”
players to handle the overall capacity.” If, as a developer, we wish to bid for “In Gujarat, larger capacities like
Shashank Bhavsar, a partner in 1 kW to 100 kW capacity, we will end 1 GW or even 2 GW can be easily
RE 360, another Gujarat-based EPC up paying approximately ₹25 million covered as the acceptance rate is
company, said, “This is one of the (~$327,160) upfront to MGVCL before much higher with the new transparent
largest rooftop solar capacities tendered starting the projects, which is very process. Previously moving files
in Gujarat and the country. Going with tough for us. So, most of us have to through DISCOMs was difficult and
the same conditions as the previous commit to small capacity ranges, which the process used to take three to four
tenders would make the process much does not become feasible cost-wise.” months. Whereas now the process
easier for all the EPC companies in
takes just a month or so, which includes
the state. Earlier the EMD amounts What next? commissioning to set up net meters
were fixed for the tenders since the Jain said that most of the etc.”
quantum was less. Even if they consider participating developers in the pre-bid “The simplified process alongside
increasing the EMD for these tenders meeting said the EMD requirement feasible EMD amounts, providing an
to ₹2.5 million (~$32,716), most EPCs was high. “The DISCOM has said they equal platform for all EPC players, will
can still afford to bid. Currently, it is will approach the MNRE and make help take the rooftop solar capacities to
ten times more than what it should be, the changes only after their approval. a new high across the country,” Bhavsar
which is why most small-scale EPCs After that meeting, we are still waiting said.
will drop out. A few bigger players with for updates and expect the tender With the changes still under
their own manufacturing units will be deadlines to be extended. At the discussion and awaiting approval from
the only ones to win the projects.” meeting, we also discussed the impact MNRE, the tender, if amended, will
A senior executive from another of basic customs duty on the project make way for more such tenders across
Gujarat-based EPC company said, “The cost and requested an extension until the country with higher capacities
new 700 MW and 300 MW tenders by March when the prices would stabilize.” rolled out and could ensure more
MGVCL have been halted for a while Bhavsar said, “The tender norms participation from all EPC companies.
now due to the disagreement between are as per the MNRE regulations, so If India has to reach the 280 GW
the bidders and the DISCOM concerning their approval on calculating the EMD of installed solar capacity by 2030,
the high EMD amount, which most will be essential. We have been doing developers feel tender specifications
Micro, Small and Medium Enterprises this for the last five years in Gujarat should be made simple, and prohibitive
(MSMEs) cannot afford. If we compare and have seen considerable progress EMD requirements should be avoided.
26 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Markets
28 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Solar
arious government agencies was down by 66% YoY compared to the (Phase-XIII).
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 29
Battery Swapping Policy
Proposed by NITI Aayog
In line with the union budget announcement this year, NITI
Aayog has released the draft battery swapping policy to
address the technical, regulatory and financial aspects
By : Arjun Joshi
30 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Battery
ITI Aayog has issued the Requirements applied to EV batteries that are tamper-
Objectives
The draft policy promotes battery
swapping using advanced chemistry cell
batteries to decouple battery costs from
the upfront costs of purchasing EVs. It
also seeks to set technical standards that
would enable the interoperability of
components within a battery swapping
ecosystem. Without hindering market-
led innovation, the draft seeks to use
regulatory levers to de-risk the battery
swapping ecosystem and unlock access
to competitive financing.
The policy hopes to encourage and
partnerships among battery providers, capability
OEMs, and other partners such as to meet safety
financial institutions. It intends to requirements. To
encourage the formation of ecosystems ensure a high level of
capable of delivering integrated services for tracking protection at the electrical
to end-users and promoting better and monitoring interface, a rigorous testing protocol
lifecycle management of batteries, EV batteries. Various must be adopted to avoid any dielectric
including maximizing the use of tracking and tracking solutions breakdown, arc phenomenon, or any
batteries during their usable lifetime are used in different industry sectors, unwanted temperature rise at the
and end-of-life battery recycling. and an appropriate system may be electrical interface.
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Policy
32 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Solar
ndia’s installed renewable previous quarter when total renewable YoY compared to 1.5 GW in Q4 2020.
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 35
Policy
Karnataka’s Renewable
Energy Policy
The government of Karnataka, in its new renewable energy
policy, details future development plans for key energy markets
and related regulations
By : Rakesh Ranjan Parashar
he Government of Karnataka energy markets in the state, including solar, distributed solar generation,
36 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Renewablte Energy
pay the grid support charges and other at 5.1 GW. To tap the wind energy Energy storage projects
charges as determined by the Karnataka opportunities in the state, the policy The state aims to develop energy
Electricity Regulatory Commission aims to develop new wind energy storage projects, including pumped
(KERC). projects and repower existing projects. hydro storage, to integrate more
The net metering facility will not be The selection of projects under renewable energy into the grid. This
available for projects under this category the InSTS category will be through a will help in peak reduction, managing
that are connected to the grid interface competitive bidding process as per the curtailment, intraday and seasonal
of ESCOMs or KPTCL. requirements of the ESCOMs to fulfill variations, and meeting the increasing
their RPO targets fixed by KERC. power demand of the state through
Rooftop solar projects The selection of projects under renewable energy.
Karnataka will promote grid- the ISTS category will be through a The energy storage service providers
connected rooftop solar systems competitive bidding process conducted can tie up with renewable developers
on public and residential buildings, by intermediaries such as the Solar or utilize any energy source to store the
commercial and industrial Energy Corporation of India (SECI) and energy. The stored energy can be sold
establishments, and others through NTPC. The project developer can also to ESCOMs, procurers, or open access
net metering and gross metering develop projects under the open access consumers within Karnataka or outside
arrangements per the KERC route for the sale of energy outside Karnataka.
Regulations, 2016 to meet the Karnataka according to the guidelines The available open access charges
target of 1 GW. issued from time to time. for energy use from the energy storage
The government will also promote services in the state will be as per KERC
peer-to-peer trading of rooftop solar Wind-solar hybrid projects regulations.
energy and promote pilot projects. The To tap the wind-solar hybrid energy Biomass and co-generation projects
policy will also promote off-grid rooftop opportunities in the state and cater to The government will also provide
solar installations. the demand for low cost and higher support for the development of biomass
availability of renewable energy, projects and co-generation projects in
Floating solar projects the policy will focus on developing the state.
The government aims to promote wind-solar hybrid markets like the The developer of the co-generation
floating solar projects on existing dams, hybridization of existing projects and projects will be allowed to use the
reservoirs, and other water bodies. developing new hybrid projects. power for captive use or sale in power
The state will allocate the water body The open access charges for wind- exchange or third-party sale within and
on a long-term lease or rental basis to solar hybrid projects in the state will be outside Karnataka.
develop projects under the intrastate as per KERC regulations.
transmission system (InSTS) or ISTS In the case of hybridization of existing Sale of Energy
programs. projects by either addition of wind or To promote InSTS and ISTS category
solar energy, the additional energy projects, the project developers can
Wind energy projects from such projects may be purchased sell energy to ESCOMs, procurers,
As of December 2021, the installed by ESCOMs at the tariff discovered intermediaries, or consumers under
wind energy capacity in the state stood thorugh competitive bidding. open access, both within Karnataka
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 37
Markets
and outside the state. The project access (MTA), short-term access (STA), The state will promote the development
developer may also set up projects and connectivity. of the green energy corridor projects
under the renewable energy certificate as per state and central government
mechanism in compliance with Projects connected to CTU guidelines.
the Central Electricity Regulatory For the use of ISTS by the developer,
Commission’s (CERC) Regulations, 2010. the applicable transmission charges Renewable energy parks
It will be the responsibility of the and losses will be determined by CERC. The government aims to promote
renewable energy developer to acquire There will be no banking facility for the development of renewable energy
or lease the land required for project renewable projects implemented under parks, with or without storage in the
development. the ISTS category. state. The minimum capacity for the
The project developers should solar park will be 25 MW, and the
Projects connected to STU comply with the CERC regulations on maximum capacity will be determined
The project developer will be forecasting, scheduling, and deviation as per the guidelines of MNRE.
allowed to connect the project with settlement for LTA, MTA, and STA.
the state transmission utility (STU) for Project development timeline
the InSTS category projects, subject Projects connected to CTU through The timeline for the development
to evacuation feasibility. The project STU of renewable projects under captive,
developer will also be responsible for The project developer will be group captive, and third-party sale
connecting the generation station to the allowed to connect to the nearest (both within and outside renewable
nearest substation. available STU substation to connect energy parks) is mentioned below:
Time-bound clearance for with the CTU under the ISTS category The Karnataka Renewable Energy
transmission evacuation approval projects. Development Limited (KREDL)
from KPTCL will be provided within The project developer will bear the is the state nodal agency for the
60 days from the date of the receipt cost of the existing or new external implementation of this policy.
of the required documents. If the evacuation infrastructure, including Last October, KREDL reissued the
power is evacuated using the ESCOM’s the connecting line, grid substations, ‘Draft Karnataka Renewable Energy
network, the ESCOM should provide the and upstream network up to the Policy 2021-2026’ to develop 10 GW
evacuation approval within 45 days. CTU. The developer will carry out of renewable energy projects with
For the use of the InSTS network, the construction of such network and without energy storage. Earlier
the transmission charges and losses infrastructure at their own cost in March 2021, KREDL had issued the
will be determined by KERC. Wheeling, under the supervision of KPTCL. The ‘Draft Renewable Energy Policy 2021-
banking, cross-subsidy surcharge, developer will also have to bear the 2026’ to develop 20 GW of renewable
and any other applicable open access transmission charges and losses. projects with and without energy
charges will be determined by KERC. storage. Of this target, 2 GW was set
The project developer should comply Green energy corridor aside for rooftop solar.
with the KERC or CERC Regulations on Karnataka will encourage private Subscribe to Mercom’s real-time
forecasting, scheduling, and deviation sector investments and public-private Regulatory Updates to ensure you don’t
settlement mechanism (DSM) related to partnerships under this policy for miss any critical updates from the
long-term access (LTA), medium-term developing renewable energy parks. renewable industry.
38 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Markets
Ministry Warns EV
Companies About
Battery Fires
The minister of Road Transport and Highways issued a
warning of heavy penalties, mass recall of EVs, and formation
of an expert investigation committee following battery fires
across India
By : Arjun Joshi
40 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Electric Vehicle
inister of Road Transport The minister also said that quality- batteries must be enabled with a battery
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 41
Markets
42 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Solar
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 43
Markets
private equity investors participating in
funding deals.
According to the report, solar public
market financing activity totaled $2.5
billion in Q1 2022, a 115% increase
compared to $1.2 billion raised in Q4
2021. In a YoY comparison, funding was
slightly lower by 9%. There was one
initial public offering (IPO) announced
during the quarter.
Debt financing activity stood at
$3.8 billion, a 137% increase compared
to Q4 2021 when $1.6 billion was raised.
However, debt financing was down
12% YoY.
The report notes that four
securitization deals brought in $1.1
billion in Q1 2022, an 137% increase
compared to the previous quarter when
$458 million was raised in two deals.
The report also revealed that during
Q1 2022, there were 29 solar mergers 23 GW of solar projects were acquired which acquired 3.6 GW.
and acquisition (M&A) transactions, in Q1 2022 compared to 13.1 GW in the Eighty-two large-scale solar projects
down from 43 in Q4 2021. Solar previous quarter. were acquired in Q1 2022, spreading
downstream companies led the M&A Of these, project developers and across 20 countries globally. The
activity. independent power producers were the United States led in terms of recorded
According to the report, the solar most active in the quarter, with over 17 acquisitions with 17 GW, followed by
project acquisition was the second most GW of projects being acquired by them, Spain with 1.9 GW and the United
recorded to date in Q1 2022. A total of followed by investment firms and funds, Kingdom with over 1 GW of acquisitions.
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SOLAR SUMMIT
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esearchers at Stanford
R University claimed to
have developed a solar
photovoltaic cell that
harvests energy from the environment
during the day and night using radiative
cooling, avoiding the need for batteries
altogether.
In a research paper published in
the Applied Physics Letters by AIP
Publishing, researchers from Stanford
University claim that their device uses
the heat leaking from the earth back
into space – energy that is on the same
order of magnitude as incoming solar
radiation.
Standard solar PV cells provide a the thermoelectric to have very good would alleviate the daytime limitation
renewable off-grid source of electricity contact with both the cold side, which is of PV power generation and reduce or
but only produce power from daytime the solar cell and the hot side, which is eliminate the need for battery storage in
solar irradiance and do not produce the ambient environment. If you don’t electrical power systems.
power at night. The researchers have that, you’re not going to get much The researchers also claim that the
at Stanford claim that they have power out of it.” setup is inexpensive and, in principle,
built a device that incorporates a According to the researchers, using could be incorporated within existing
thermoelectric generator that harvests electricity at night for lighting requires a solar cells, and their construction in
electricity from the temperature few watts of power. The current device remote locations with limited resources
difference between the PV cell and the generates 50 milliwatts per square meter is also feasible.
ambient surrounding. at nighttime with a clear night sky, with “What we managed to do here is
At night, solar cells radiate and lose an open-circuit voltage of 100 mV, which build the whole thing from off-the-shelf
heat to the sky, reaching temperatures means lighting would require about 20 components, have a very good thermal
a few degrees below the surrounding square meters of photovoltaic area. contact, and the most expensive thing in
air. The device uses a thermoelectric The thermoelectric generator the whole setup was the thermoelectric
module to generate voltage and current provides additional power on top of itself,” said another author Zunaid
from the temperature gradient between the electric power generated directly Omair.
the cell and the air. This process from the PV cells during the daytime. The team aims to optimize the
depends on the system’s thermal design, The system can be used as a continuous device’s thermal insulation and
which includes a hot side and a cold renewable power source for both day thermoelectric components. They
side. and nighttime in off-grid locations. intend to explore engineering
One of the research paper authors, Developing a means to extract improvements to the solar cell
Sid Assawaworrarit, said, “You want energy from existing PV cells at night to enhance the radiative cooling
performance without influencing its
solar energy harvesting capability.
In 2020, researchers at the University
of California came up with a solar cell
that can work at night. designed a
unique solar cell that can generate up to
50 W of solar power per square meter
under ideal conditions at night. This is
about a quarter of what a conventional
solar cell can generate during the
daytime.
Recently, a team of researchers from
the University of Surrey and Imperial
College London collaborated with
Amsterdam’s research institute AMOLF
to develop a method to help achieve a
25% increase in energy levels absorbed
by wafer-thin solar photovoltaic (PV)
Image Credit: Sid Assawaworrarit
panels.
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 47
Markets
ixteen out of 35 Indian States An iterative method was followed the overall score for India worked out to
Bihar, Jharkhand, and Orissa also had scores achieved under each parameter affordable rates and improving data
greater scope for improvement in terms leave scope for huge improvements, availability of hours of electricity supply
of clean energy initiatives, energy suggesting that while India may possess in rural and urban areas.
efficiency, environmental sustainability, a conducive environment and energy- Shri Amitabh Kant, the CEO of
and new initiatives. related policies, it is not necessarily NITI Aayog, said, “Achieving the
Though Gujarat is the best-performing translating into transforming the sector. ambitious climate targets would require
state, its performance in terms of The analysis in the index suggests a conducive policy environment to
environmental sustainability and new that the targeted Direct Benefit Transfer encourage investment. The State Energy
initiatives needed improvement, the (DBT) could help reduce leakages and & Climate Index Round-I will help
analysis suggested. improve efficiency. It also recommends a initiate a dialogue with the states on the
Arunachal Pradesh scored the lowest future policy direction to amplify energy energy sector so that much required
among the smaller states at 27, alongside efficiency programs and technological policy improvements can be made.”
Nagaland and Meghalaya at 27.9 and innovation and build the EV ecosystem In August last year, NITI Aayog and
29.4. Lakshadweep averaging 26.9, to decarbonize transportation. Rocky Mountain Institute (RMI) analyzed
was at the bottom of the union The report suggests that most the learnings and best practices from
territories list. states with a low score struggled domestic and global experience to help
The three UTs and two states that with higher Aggregate Technical and state governments consider further
scored above 50 were Chandigarh, Commercial (AT&C) losses and complex reforms to put their power distribution
Delhi, Daman & Diu, Dadra & Nagar tariff structures with their respective sector on the track to efficiency and
Haveli, and Gujarat and Goa. Overall, DISCOMs. It recommends that the state profitability.
even though more than half of the states DISCOMs may benefit from aggressively In December 2021, the Ministry of
scored higher than the average value using the revamped central government Power said that 39 out of 55 electricity
(40.6), there were a total of 16 states and reform scheme to upgrade their distribution companies (DISCOMs) had
union territories lagging. distribution infrastructure and systems. submitted draft proposals under the
The report said states could improve ₹3.03 trillion (~$40.82 billion) reforms-
Scope for Improvement their performance by increasing based result-linked power distribution
The overall index score and the the hours of electricity supplied at program.
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 49
Markets
Power Exchanges
to Cap Market
Clearing Price
at ₹12/kWh
CERC has directed the power exchanges
to re-design the software for members to
submit their bids in the price range of
₹0/kWh to ₹12 (~$0.16)/kWh for day-
ahead and real-time market
By : Arjun Joshi
50 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Markets
above was seen in 81 blocks and ₹15 Commission Analysis some time in the coming days due to
(~$0.20)/kWh and above in 183 blocks. The Commission noted that the supply constraints, 99% of the supply
On March 24, 2022, the market- power exchanges designed the bidding bids have been in the range of ₹12
clearing price was higher than ₹18 software to allow members to submit (~$0.16)/kWh.
(~$0.24)/kWh for 14-time blocks, and their bids in the price range of ₹0/kWh The Commission directed the power
it was higher than ₹15 (~$0.20)/kWh to ₹20 (~$0.26)/kWh. However, in the exchanges, until further orders, to
for 57-time blocks. On 25-03-2022, the present scenario, where demand at re-design the bidding software in such
market-clearing price was higher than power exchanges is nearly double the a way that members can submit their
₹18 (~$0.24)/kWh for 66-time blocks, supply volume, buyers are placing bids bids in the price range of ₹0/kWh to
leading to an average of ₹18.67 (~$0.25)/ at the maximum price range to ensure ₹12 (~$0.16)/kWh for Day-Ahead and
kWh for the day. they are cleared. Real-Time Market. The exchanges are
Buy bids have doubled the sell bids The Commission observed that directed to submit their compliance
in some time blocks, indicating higher while high demand has been the within two days from the issuance of
demand and lower supply. The average cause of price rise, the absence of the order.
buy to sell bid ratio was 2.03:1 when adequate supply has also contributed The Commission believes that this
the market-clearing price touched to this trend. Despite the price rise, price moderation will be in keeping
₹20 (~$0.26)/kWh, which is the ceiling which generally signals more supply, with the present market realities and
price imposed by the exchange. The there has not been a commensurate will not significantly impact the volume
Commission found that the aggressive increase in supply. Based on the transacted and safeguard the consumer
bidding by buyers is leading to high Power System Operation Corporation interests.
prices. Limited (POSOCO) feedback, the The Green Day-Ahead Market traded
From the sell side, it was observed current demand-supply position is 205 million units of energy during
that up to 99% of the sell bids were likely to persist. Demand will increase March with the weighted average price
in the price band of ₹0.01/kWh to ₹12 as summer intensifies, and supply may of ₹6.70 (~$0.089)/kWh. It has traded
(~$0.16)/kWh, while only 1% of the sell not increase until May when wind and 921 MU since its inception in October
bids were higher than ₹12 (~$0.16)/kWh. hydropower are expected to pick up 2021.
A similar trend has also been observed steam. Subscribe to Mercom’s real-time
in the Real-Time Market segment, where Since higher price has not led to a Regulatory Updates to ensure you don’t
the market-clearing price touched ₹20 commensurate increase in supply and miss any critical updates from the
(~$0.26)/kWh. such a position is likely to remain for renewable industry.
52 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
SEP 15-16, 2022 | SINGAPORE
600+ 60+
In-Person World Class
Attendees Speakers
35+ 20+
Countries Exhibitors
ngineers from Dartmouth Speed Flexography,’ claimed to have Even with their abundant absorber
E Engineering in New
Hampshire, in their
recently published study,
developed a rapid printing method to
manufacture perovskite solar cells.
The engineers claim that the new
material, traditional metal halide
perovskites face a scaling-up challenge
due to slow production time, resulting
‘Eliminating the Perovskite Solar Cell method would make the sunlight-to- in high manufacturing costs. The
Manufacturing Bottleneck via High- electricity conversion more efficient. rapid printing process performed by
54 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Solar Cells
engineers in the Dartmouth Engineering leveling, nickel oxide HTLs were manufacturing speed is important
lab accelerates the total processing time printed with high uniformity and because it directly translates to lower
of solar charge transport layers (CTLs) ultralow pinhole densities resulting in cost per kWh, ultimately making
by 60 times without compromising photovoltaic performance exceeding solar energy more affordable for a
reliability. that of spin-coated devices. Integrating larger population.”
The new printing method pairs these printed transport layers in planar Researchers worldwide have been
high-speed flexographic printing inverted perovskite solar cells allows performing various experiments to
with rapidly annealed sol-gel inks, a rapid fabrication of high efficiency with overcome the production scaling
method to produce solid materials a power conversion efficiency greater issues with perovskites, owing to their
from small molecules. The ink can be than 15%. promising application for energy-
directly coated on the glass substrate in Dartmouth Engineering Professor efficient, thinfilm solar cells.
perovskites, coupled with antisolvent William Scheideler said, “Our method Recently, material scientists at the
extraction. prints the solar cell layers with the UCLA Samueli School of Engineering
Flexography is a form of rotary speed and efficiency of a commercial developed a new surface treatment
printing in which ink is applied to newspaper printing press. This high during the manufacturing process
various surfaces using flexible rubber or of perovskites to overcome the
other elastomeric printing plates. degradation of cells due to prolonged
The method involved scaling
The method exposure to sunlight.
ultrathin nickel-oxide hole transport accelerates the Earlier this year, researchers at the
layers (HTLs) by pairing high-speed Karlsruhe Institute of Technology (KIT)
flexographic printing with rapidly total processing in Germany had developed colored
annealed sol-gel inks to achieve the
fastest reported process for fabrication
time of solar charge solar cells from inexpensive perovskite
semiconductor material, which can
of inorganic CTLs for perovskites. In transport layers be integrated into facades or roofs
this method, following the engineering of buildings and imitate the optics of
precursor rheology for rapid film- (CTLs) by 60 times building materials like marble.
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 55
Policy
tates with favorable energy distribution companies for setting up Speaking to Mercom, a top executive
56 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Transmission
industrial tariff. You can clearly see the power banked in that respective forward of banked and unutilized
that in states where landed open access time slot. renewable energy until August 2022.
cost is lower, there will be higher open On the other hand, monthly energy Energy banking regulations have
access installations— like in the case of settlement is the norm in Maharashtra been used by states to either curb or
Uttar Pradesh.” with a banking charge of 2%, allowing boost open access project development,
Another developer Mercom spoke 100% of the energy to be banked for making it a significant factor impacting
to said, “The process of allotting captive customers and third-party sales. the cumulative installations.
connectivity through a transparent The regulation allows energy to be “Karnataka has always been
and easy process has attracted many banked during peak TOD, and it may an attractive state for renewable
developers to set up open access be drawn during off-peak TOD, but the developers. Captive plants are mostly
projects in Uttar Pradesh, as land and energy banked during off-peak TOD may being installed here. Captive consumers
connectivity are the major requirements not be drawn during peak TOD. avail good savings in this state. Even
for any project to start with. Further, In Madhya Pradesh, the energy after ambiguity in terms of open access
the waiver on transmission and settlement is annual with a banking charges applicability, banking facility,
wheeling charges also imparts good charge of 5%, allowing 100% of the and captive norms, developers are
viability in terms of offering savings to energy to be banked for captive attracted to this state due to large
clients.” customers and third-party sales. potential consumers and viability of
One of the other top-ranking captive plants,” a developer added.
States with Favorable Energy states, Karnataka, implements its Open access can be a significant
Banking Policies energy settlement annually with a contributor to India’s pursuit of the
In 2021, Uttar Pradesh witnessed the banking charge of 2%, allowing 100% adding 280 GW of solar capacity by
most open access solar installations, of the energy to be banked for captive 2030, with banking energy a key factor.
followed by Tamil Nadu, Maharashtra, customers and third-party sales. The According to Mercom India’s analysis,
Madhya Pradesh, and Karnataka. The state has no restrictions on energy the low landed cost for open access was
top five states accounted for 80% of that is banked. However, in the Draft identified as one of the other primary
total installations during the year. Karnataka Renewable Energy Policy factors contributing to the growth of
Uttar Pradesh allows annual energy 2021, the Karnataka government has open access installations across India.
settlement with a banking charge of proposed discontinuing the banking Mercom’s India Solar Open Access
6%, allowing 100% of the energy to facility. The open access installations Market Report Q4 and Annual 2021
be banked for captive customers. would be adversely impacted if banking also gives insights into the short-term
Withdrawal of banked power is allowed is curtailed. transactions, such as the day-ahead
only per the time-of-day (TOD) system, However, in a recent ruling, the market, bilateral contracts, real-time
i.e., withdrawal of power in the peak or Karnataka Electricity Regulatory market, and the green-term ahead
off-peak hours will not be more than Commission had allowed the carry market within the open access space.
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 57
Interview
Sungrow's
Inverter
Manufacturing
Capacity in
India Rises
n 2021, the share of Sungrow managed to grow and hold on also in the storage front, we thought
58 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Solar Inverters
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 59
News in Brief
Industry News
and Policy Briefs
Shell Overseas Investment, a
wholly-owned subsidiary of Shell,
signed an agreement with Actis
Solenergi to acquire 100% of
Solenergi Power for $1.55 billion
and the Sprng Energy group of
companies. Sprng Energy currently
has a portfolio consisting of 2.9 GW,
out of which 2.1 GW is operational,
and 800 MW is contracted with a
further 7.5 GW of renewable energy
projects in the pipeline.
Torrent Power signed a share purchase Azure Power announced that its
agreement to acquire a 100% stake in the Board of Directors had accepted the
special purpose vehicle (SPV) operating resignations of its Chief Executive Officer
a 50 MW solar project in Telangana. The (CEO) Ranjit Gupta and Chief Operating
agreement was signed with SkyPower Officer (COO) Murali Subramanian.
Southeast Asia III investments and
SkyPower Southeast Asia Holdings
2, which own the SPV – Sunshakti Solar
Power Projects.
Reliance Industries signed a letter
of commitment (LoC) with Maxwell
Technology, a wholly-owned subsidiary
of Suzhou Maiwei Technology — to
purchase eight sets of high-efficiency
production lines for heterojunction cells
(HJT cells), each with 600 MW capacity,
to manufacture an annual capacity of
4.8 GW of HJT cells.
60 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
MOST INSIGHTFUL
RESEARCH ON THE
INDIAN SOLAR MARKET
Solar Project Tracker
Solar Tender Tracker
Solar Quarterly Market Report
Solar Import/Export Tracker
Solar Regulatory Updates and Alerts
Solar Component Price Tracker
Global Solar Funding & M&A Reports
Solar Market Leaderboard Report & Tracker
Battery Storage, Funding & M&A Reports
Custom Research Reports & Advisory
Rooftop Solar Market Report
Solar Open Access Market Report & Tracker
www.mercomindia.com/research/
News in Brief
Indian Renewable Energy
Development Agency (IREDA)
recorded its highest-ever loan approvals
of ₹239.21 billion (~$3.16 billion) and
loan disbursements of ₹160.71 billion
(~$2.12 billion) in the financial year (FY)
2021-2022. IREDA ended the year with
its best performance to date.
Policy Briefs
States
The Himachal Pradesh Energy
Development Agency released the
benchmark costs for grid-connected
residential rooftop solar projects
for 2022-23 and 2023-24. The new
benchmark costs for grid-connected
residential rooftop solar systems of 1
kW to 3 kW in size is ₹50,000 ($664)/
kW, and for 3 kW and up to 10 kW, it is
₹48,6000 ($645)/kW. For projects of 10
kW up to 100 kW, the cost considered
is ₹45,000 (~$598)kW, and for projects
above 100 kW and up to 500 kW, it is
₹42,000 (~$558)/kW.
62 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
News in Brief
Center
Central Electricity Regulatory
The Ministry of New Commission directed the power
and Renewable exchanges to re-design their bidding
Energy (MNRE) invited software so that members can submit
proposals for pilot their buy bids at the maximum price of
demonstration of new ₹12 (~$0.16)/kWh for Day-Ahead Market
and innovative solar and Real-Time Market. The Commission
applications under passed the order in response to a suo
Deutsche Gesellschaft
moto petition.
für Internationale
Zusammenarbeit and
MNRE's bilateral project.
The project's objective—
Innovative Solar Areas
(IN-Solar)— is to find NITI Aayog issued the draft battery
innovative ways swapping policy addressing the key
to expand the application technical, regulatory, institutional,
of photovoltaics to and financing challenges to help India
optimize the use of develop battery-swapping ecosystems
land. to unlock the large-scale adoption of
battery-swapping.
Tenders & Auctions
This is a list of major
Major Tender tenders and auctions from
April. A comprehensive
and Auction list can be found on
Mercom’s Tender and
in April
info@mercomindia.com
for more information.
Auctions
Sembcorp (Green Infra Wind Energy ) won Railway Jakson Group emerged as the winner in NTPC’s
Energy Management Company’s auction to procure 50 MW auction for the comprehensive operations and
of wind power. The tariff-based bidding was held for the maintenance (O&M) of the 260 MW solar project at the
power consumption of Railways for traction in Maharashtra. Bhadla Solar Park in Rajasthan.
Other Tenders
Gujarat Industries Power Company issued a notice (IFB) for the design, engineering, manufacturing, supply,
inviting tender from EPC contractors for 400/33 kV gas- installation, and commissioning of a 250 MW/500 MWh
insulated substation at the 1,200 MW pooling substation grid-connected standalone battery energy storage system
of its 2,375 MW solar, wind, and hybrid renewable energy near Fatehgarh-III ISTS substation in Rajasthan.
park at Great Rann of Kutch Area. BHEL invited an EoI from original equipment
Solar energy Corporation of India (SECI) issued an manufacturers for the supply and installation of
RfS to set up pilot projects of 500 MW/1,000 MWh photovoltaic modules, floaters, anchoring and mooring
standalone battery energy storage systems under a build, systems, and an annual maintenance contract for three
own, operate, and transfer model. 100 MW floating solar power projects in Omkareshwar
NTPC Renewable Energy issued an invitation for bids reservoir in Madhya Pradesh.
64 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
Tenders & Auctions
BHEL invited bids to design, supply, install, and consultants to avail of carbon credit benefits from its
commission a module cleaning system for Maharashtra renewable energy, energy efficiency, waste management,
State Power Generation Company’s 50 MW solar power and other technology projects for three years.
project at Koudgaon in Maharashtra. BHEL issued a tender for the supply of 145.54 metric
NTPC issued a notice inviting tender from contractors tons (MT) of module mounting structures for its 5 MW
for the O&M of a 10 MW solar project at its Talcher Super solar project in Bhopal.
Thermal Power Station in Kaniha, Odisha, for three years. Rewa Ultra Mega Solar issued an RfP for consultancy
NTPC issued an invitation for bids for the EPC of a grid- firms to prepare a feasibility study report of three
connected battery energy storage system with 10 MW and reservoirs in Madhya Pradesh to develop floating solar
40 MWh rated AC discharge capacity at a 33KV switchgear projects.
interconnection point in Ramagundam, Telangana. Agency for New and Renewable Energy Research and
Gujarat Industries Power Company issued an EoI to set Technology (ANERT) issued an expression of interest to
up 5 MW and 10 MW electrolyzer-based green hydrogen register original equipment manufacturers for supplying
projects and associated facilities at Vadodara or any suitable modules, solar inverters, batteries, and mounting
site in Gujarat. structures for solar projects implemented by ANERT.
Hindustan Petroleum Corporation issued a tender to Convergence Energy Services Limited issued an RfP
select a project management consultant to supervise a 10 from Charge Point Operators for the installation and
MW ground-mounted solar project at Ankleshwar, Gujarat. maintenance of 810 electric vehicle (EV) charging stations
The Electricity Department of Daman and Diu issued for four-wheelers on 16 highways and expressways across
a tender for the O&M for five years of multiple rooftop solar India. The installations are on a build, own, and operate
photovoltaic systems totaling 4,519 kW on government model for eight years, which can be extended up to ten
buildings in Daman and Diu. years.
BHEL issued a notice inviting tender for the supply of Himachal Pradesh Power Corporation issued a
non-domestic content requirement (DCR) monocrystalline notice inviting tender from consultants for registration,
solar photovoltaic modules of 9.3 MW capacity. monitoring, verification, issuance, and trading of carbon
ITI, a public sector undertaking under the Department of credits for 276 MW of hydropower and 5 MW of solar
Telecommunications, floated a tender to supply 23,50,080 projects in the state.
polycrystalline solar cells. Rashtriya Chemicals and Fertilizers issued a notice
NTPC issued a notice inviting a tender to procure 15,000 inviting tender for the O&M of a 2 MW solar project at its
and 1,000 solar modules of 300W for the Bhadla solar Trombay unit for two years.
project. Hindustan Petroleum Corporation invited bids
NTPC Renewable Energy issued a notice for upcoming from project management consultancies to set up grid-
invitations for bids to select electrolyzer technology connected captive solar projects, including rooftop solar,
providers to participate in green hydrogen tenders for two with an aggregate capacity of 1.2 MW under net metering
years. at various locations of Vijaywada Dharmpuri Pipeline.
The Ahmedabad Municipal Corporation issued an EoI BHEL issued a notice inviting tender from global
for the empanelment of project management consultants manufacturers of floaters to enter a memorandum of
for feasibility, detailed project reports, and consultancy of understanding (MoU) for freezing techno commercial
different renewable energy projects to be developed by the conditions and specifications for the design and supply of
Corporation. floaters and associated anchoring and mooring of floaters
Bhubaneswar Smart City invited EoI from for various floating solar projects across India.
www.mercomindia.com Issue 03 Volume 02 May 2022 Mercom India Clean Energy News and Insights 65
Tenders & Auctions
66 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
QUALITY
# CONTENT
1 INSIGHTS
MercomIndia.com
Tenders & Auctions
68 Mercom India Clean Energy News and Insights May 2022 Volume 02 Issue 03 www.mercomindia.com
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