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SECI awards green hydrogen production capacity under SIGHT Tranche-II

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The Solar Energy Corporation of India (SECI) has announced the results of its auction under the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme (Mode-1, Tranche-II) to select producers for setting up green hydrogen production facilities in India. The programme aims to promote large-scale green hydrogen production, improve cost competitiveness, and facilitate rapid expansion. A total annual production capacity of 450,000 metric tonnes (MT) has been awarded, with a maximum allocated incentive of Rs 22.39…

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Madhya Pradesh secures investments from SECI, NTPC, Adani

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Madhya Pradesh has signed multiple Memorandums of Understanding (MoUs) with key energy companies at the Global Investors Summit 2025, securing investments across renewable energy, pumped storage, and other infrastructure projects. These include: SECI: The Solar Energy Corporation of India Limited (SECI) signed an MoU with the state government to develop a 200 MW solar project in Dhar and a 1,000 MWh battery storage project. SECI has proposed a phase-wise investment of Rs 25 billion for…

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NTPC, Sembcorp, Solarcraft , Hero Solar, Reliance Power win bids in SECI Tranche XVII auction

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Five firms have won bids for setting up 2,000 MW Inter-State Transmission System (ISTS) connected solar power projects and 1,000 MW energy storage systems (ESS) under Tranche-XVII of the Solar Energy Corporation of India (SECI), announced on December 9, 2024. The successful bidders and their respective capacities are as follows: Sembcorp Green Infra Private Limited (Sembcorp Energy India Limited) – 150 MW solar and 75 MW ESS at a tariff of Rs 3.52 per kWh…

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ReNew commissions 750 MW of 1 GW solar project in Rajasthan

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ReNew has commissioned 750 MW of its 1 GW solar project in Rajasthan, with the remaining 225 MW set to become operational by January 2025.  The project, developed in partnership with the Solar Energy Corporation of India (SECI), is designed to supply clean energy exclusively to Rajasthan through three Power Purchase Agreements (PPAs). Part of the Make in India initiative, the project focuses on localisation, with 90% of the solar panels manufactured in Rajasthan and…

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SECI partners with H2Global Stiftung to accelerate green hydrogen ambitions

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The Solar Energy Corporation of India (SECI) has signed a memorandum of understanding (MoU) with H2Global Stiftung, a non-profit advancing global hydrogen markets, to promote green hydrogen development. The partnership focuses on leveraging H2Global’s innovative mechanism, implemented by its subsidiary Hintco, to align with international hydrogen market dynamics. Hintco’s tenders provide transparency on pricing, ensure production and delivery of clean fuels, and support legal certainty for final investment decisions. India stands to gain from H2Global’s…

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SECI issues tender for 400 MW DCR-compliant solar modules in Andhra Pradesh

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The Solar Energy Corporation of India (SECI) has floated a tender to procure 400 MW of Domestic Content Requirement (DCR)-compliant solar modules for a project in Ramagiri, Andhra Pradesh.  The modules must be manufactured, tested, packed, forwarded, supplied, and transported, with deliveries set to begin in October 2025. The bid submission deadline is December 5, 2024. The tender divides the capacity into four 100 MW packages, allowing bidders to apply for one or more packages….

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SECI debars Reliance Power and subsidiaries from tenders over fake documents

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The Solar Energy Corporation of India (SECI) has barred Reliance Power (R-Power) and its subsidiaries from participating in its tenders for three years, following the submission of a fake document by R-Power for a SECI tender issued in June.  The notice, released on November 6, under the Ministry of New and Renewable Energy (MNRE), specifies that entities, including Reliance NU BESS Limited and other subsidiaries of Reliance Power, are prohibited from SECI tenders until 2027….

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ACME Solar launches Rs 30 billion IPO

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ACME Solar launched its initial public offering (IPO) today, November 6, 2024, valued at Rs 30 billion, with a price band of Rs 275 to Rs 289 per equity share. The IPO, open until Friday, November 8, 2024, requires a minimum bid of 51 shares, with additional bids in multiples of 51.  The offering includes a fresh issue of Rs 23.95 billion and a sale offer of Rs 5.05 billion by ACME Cleantech Solutions. An…

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India issues 11,098 MW in renewable energy tenders, draws $103 mn in October investments

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In October, India’s renewable energy sector surged with 16 new tenders, totalling a capacity of 11,098 MW.  Auctions allocated 6,316 MW to various developers, pushing India’s total renewable capacity beyond 200 GW, including large hydro, while total electricity generation capacity reached 452.69 GW.  Rajasthan, Gujarat, Tamil Nadu, and Karnataka led in renewable installations. Key tenders included NHPC’s 1,200 MW solar and SECI’s 1,200 MW round-the-clock renewables.  NTPC launched a 1,200 MW wind-solar hybrid tender with…

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Powerica wins SECI auction for 500 MW ISTS wind power project

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Powerica has secured a 50 MW capacity in the Solar Energy Corporation of India’s (SECI) undersubscribed auction for a 500 MW interstate transmission system (ISTS)-connected wind power project (Tranche-XVII).  The company won the allocation at a tariff of Rs 3.81 per kWh. Due to an undersubscription, only 120 MW of the 500 MW was bid, resulting in SECI reducing the total award to 96 MW, per the tender’s 80% allocation provision. Adyant Enersol also participated,…