SECI

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Madhya Pradesh secures investments from SECI, NTPC, Adani
By February 26, 2025February 26, 2025

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
By December 11, 2024July 17, 2025

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…

Read More NTPC, Sembcorp, Solarcraft , Hero Solar, Reliance Power win bids in SECI Tranche XVII auction
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ReNew commissions 750 MW of 1 GW solar project in Rajasthan
By December 9, 2024December 9, 2024

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
By November 21, 2024November 21, 2024

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 debars Reliance Power and subsidiaries from tenders over fake documents
By November 8, 2024November 8, 2024

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
By November 6, 2024November 6, 2024

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
By November 6, 2024November 6, 2024

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…

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

Powerica wins SECI auction for 500 MW ISTS wind power project
By October 30, 2024October 30, 2024

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,…

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JSW signs PPA with SECI for 700 MW solar project
By October 25, 2024October 25, 2024

JSW Energy’s step-down subsidiary, JSW Renew Energy Eleven, has signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for a 700 MW solar capacity under SECI Tranche XIII. The PPA, with a tariff of Rs 2.56/kWh, is set for 25 years, and the project is expected to be commissioned within 24 months. JSW Energy, targeting 10 GW operational capacity by FY 2025, currently operates 7.9 GW across thermal, hydro, and renewable…

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ACME Solar signs PPA with SECI for 150 MW hybrid solar project
By October 21, 2024October 21, 2024

ACME Solar Holdings’ special purpose vehicle, ACME Platinum Urja, has signed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) for a 150 MW hybrid solar project. This is part of the 350 MW capacity awarded to ACME Solar by SECI. The project will include energy storage solutions (ESS) and will be connected to the inter-state transmission system via Tumkur-II substation in Karnataka. ACME Solar Holdings has also filed a draft red…

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