Daily News Wrap-Up: Kerala’s 100 MW Solar Empanelment Tender
SECI pays ₹8.2 billion to solar and wind developers in January 2023
March 21, 2023
The Kerala State Electricity Board (KSEB) has invited bids to empanel solar developers to set up 100 MW of grid-connected rooftop and ground-mounted projects. Empaneled vendors also must furnish operation and maintenance (O&M) services for five years. The project is divided into four parts: Part A: projects up to 10 kW; Part B: projects above 10 kW and up to 50 kW; Part C: projects above 50 kW and up to 100 kW; and Part D: projects above 100 kW.
The Solar Energy Corporation of India (SECI) has paid out a total of ₹8.2 billion (~$99.4 million) to solar and wind developers for the power purchased in January 2022. This amount represented approximately 83.5% of the total payments made by SECI during the month. Further, the money released toward duties, payments, and reimbursements to solar and wind developers amounted to approximately ₹9.8 billion (~$119 million) in January.
The Indian Renewable Energy Development Agency (IREDA) has received the cabinet nod for listing on stock exchanges after an Initial Public Offering (IPO) via a part sale of the government’s stake in the company. The approval was granted due to the recent change in capital structure in IREDA following the infusion of ₹15 billion (~$181.75 million) by the government early last year. The Department of Investment and Public Asset Management (DIPAM) will be responsible for the listing process.
The Appellate Tribunal for Electricity recently ruled in favor of the Power Grid Corporation of India and asked the Central Electricity Regulatory Commission to examine the matter regarding the delay in the construction of the transmission system for the evacuation of power from the Rewa Ultra Mega Solar’s (RUMSL) 750 MW solar park afresh.
The Andhra Pradesh Electricity Regulatory Commission has directed the state distribution company (DISCOM) to pay a tariff of ₹2.93 (~$0.036)/kWh for the power purchased from a 2.3 MW wind power project from the commercial operation date of the project until the date of disconnection. Danu Wind Parks had filed a petition seeking the Commission to direct the DISCOM to pay a tariff of ₹4.76 (~$0.058)/kWh as agreed by the parties in the power purchase agreement (PPA) for the period from the commercial operation date (March 20, 2018) up to the date of disconnection (September 13, 2020).
Indian Oil Corporation (IOC) has invited bids for the comprehensive annual rate contract for the operation and maintenance of a 5 MW solar power project at IOC’s Rawra facility in Jodhpur, Rajasthan, for a period of three years. A rate contract involves the supply of goods as well as the provision of labor and services. The contractor will be responsible for all types of preventive, scheduled, and breakdown maintenance with the objective of maximizing electricity generation.
California-based solar module maker SEG Solar announced the acquisition of a manufacturing facility in Texas with the capacity to produce over 2 GW of solar modules. The company said the facility would have three state-of-the-art production lines allowing SEG to produce both TOPCON (tunnel oxide passivated contact) and high-efficiency n-type photovoltaic (PV) modules with 182 mm or 210 mm solar cells.
The U.S. Department of Energy has announced a grant of $750 million for research, development, and demonstration efforts to reduce the cost of clean hydrogen significantly. The funding, which is the first phase of the Biden Administration’s $1.5 billion Bipartisan Infrastructure Law, will aim to speed up the widespread use of clean hydrogen. The initiative aims to achieve the commercial-scale deployment of hydrogen during this decade, which is expected to help aid the country’s goal of achieving a 100% clean electrical grid by 2035 and net-zero carbon emissions by 2050.
The net loss of fuel cell and clean energy solutions provider Ballard Power Systems narrowed to $34.4 million in the fourth quarter of the financial year 2022 from a net loss of $43.8 million in the same quarter of 2021. Ballard attributed its net loss reduction to higher finance and other income of $27.1 million due to increased investment income of $8.8 million.