Solar Energy Corporation of India has invited bids to select renewable energy  developers to supply 1 GW firm and dispatchable power from Inter-State Transmission System (ISTS)-connected projects. The last date for the submission of bids is January 9, 2024. Bids will be opened on January 12. The developer is responsible for establishing ISTS-connected power projects, including the transmission network up to the interconnection/delivery points.

 Uttar Pradesh Jal Nigam has invited bids to commission a 10 MW grid-connected ground-mounted solar project at Bharwara STP Campus in Lucknow, Uttar Pradesh, on a turnkey basis. The estimated project cost is ₹623.67 million (~$7.5 million). The last day to submit the bids is December 26, 2023. Bids will be opened the next day. Bidders must submit an earnest money deposit of ₹6.24 million (~$74,844). Selected bidders must furnish a performance bank guarantee of 10% of the estimated project cost. Bidders must have completed three projects, each with a minimum of 30% capacity.

West Bengal State Electricity Distribution Company has floated a tender for three years of comprehensive operation and maintenance of 40 MW ground-mounted solar projects. The last date for the submission of bids is December 12, 2023. Bids will be opened the same day. The projects, each of 10 MW capacity, are located at Tail Race Canal, Haptiagachh in Uttar Dinajpur, along the Teesta Canal Bank in Uttar Dinajpur, in Salboni, Paschim Medinipur, and Khemasuli (Patni) in Medinipur. The project’s estimated cost is ₹ 54 million (~$647,639).

The Ministry of Power will set up 13 hydroelectric projects in Arunachal Pradesh with a cumulative capacity of 13,000 MW in a bid to augment hydroelectric power capacity in the country. Emphasizing the importance of hydroelectric projects in achieving energy transition, Union Minister of Power and New & Renewable Energy R K Singh said while India has solar and wind capacity, round-the-clock renewable energy is not possible without hydroelectricity. After reviewing the progress of the 2,000 MW Lower Subansiri hydroelectric project in Arunachal Pradesh, he said the 13 projects will involve an investment of ₹1.4 trillion (~ $1.68 billion).

France-based independent power producer Technique Solaire has acquired five ground-mounted solar power projects with a combined capacity of 135.4 MW in Karnataka from ReNew Solar Power. The projects commissioned between October and November 2019 have secure tariffs owing to long-term power purchase agreements with electricity and gas distribution companies in Karnataka. The projects produce nearly 215 GWh of green electricity annually, equivalent to the Indian consumption of more than 922,000 people. With this acquisition, Technique Solaire operates 210 MW of renewable projects in India and 450 MW worldwide.

Foreign Direct investment (FDI) in India’s renewable energy sector saw a rise of 9% year-over-year (YoY) in the second quarter (Q2) of the financial year 2023-24. FDI in renewables stood at $504.08 million (~₹42.01 billion) in Q2 compared to $461.51 million (~₹38.26 billion) in the same quarter last year, according to Ministry of Commerce and Industry data. The amount was, however, down 31% quarter-over-quarter from $737.17 million (₹60.73 billion). The market segments that witnessed the most investment flow during the quarter were solar, pumped hydro storage, and wind projects, mostly through the automatic route.