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					</table><p><strong><a href="https://www.mercomindia.com/solar-auctions-up-86-tenders-rise-5-yoy-q3-2023" target="_blank" rel="noopener">Solar power project tenders floated by multiple implementing agencies in India rose 5% year-over-year to over 13 GW during the third quarter of the calendar year 2023, according to</a></strong> Mercom India Research. Tender announcements were flat quarter-over-quarter from July to September. The pace of tender announcements has failed to accelerate even after the government issued the 50 GW renewable energy trajectory target for financial years 2024-28.</p>
<p><strong><a href="https://www.mercomindia.com/madhya-pradesh-rooftop-solar-power-systems" target="_blank" rel="noopener">Madhya Pradesh Skills Development Project has invited bids for the implementation of approximately 3.6 MW of grid interactive rooftop solar systems.</a></strong> These projects will be implemented under the RESCO model, and the power generated will be sold to select institutions in Madhya Pradesh. The last date for the submission of bids is November 29, 2023. Bids will be opened on the next day.</p>
<p><a href="https://www.mercomindia.com/insurance-prominence-wind-solar-hybrid-projects-centerstage" target="_blank" rel="noopener"><strong>Wind-solar hybrid projects are a practical solution to tackle the intermittency issues of standalone wind and solar energy sources and are poised to play a critical role as a generation source going</strong></a> forward. When combined, the two renewable energy sources maximize electricity generation, strengthen grid reliability, and optimize land utilization. According to Mercom India Research, India has an installed hybrid renewable energy capacity of 3.6 GW and a pipeline of about 31 GW, including battery storage projects.</p>
<p><a href="https://www.mercomindia.com/kpi-green-acquire-majority-stake-kpark-sunbeat" target="_blank" rel="noopener"><strong>Renewable energy solutions provider KPI Green Energy is acquiring a 99.9% equity stake in solar power developer KPark Sunbeat for a consideration of ₹1.26 billion (~$15.1 million).</strong></a> In a regulatory filing, KPI Green Energy said its board of directors had approved the acquisition of 9,900 equity shares of KPark Sunbeat, a related party transaction. KPI has been consolidating the solar projects of the KP Group into a single entity, KPI Green Energy. Upon completion of the transaction, KPark will become a group subsidiary.</p>
<p><strong><a href="https://www.mercomindia.com/birla-carbon-acquires-battery-materials-nanocyl" target="_blank" rel="noopener">Birla Carbon, a group company of the diversified Birla Group, has acquired Nanocyl, a multi-wall carbon nanotube manufacturer based in Sambreville, Belgium.</a></strong> The acquisition will help Birla Carbon, a manufacturer and supplier of carbon black, expand its presence in materials critical to lithium-ion battery performance. Birla Carbon provides sustainable carbon black solutions that enhance the performance of energy systems, among other products.</p>
<p><a href="https://www.mercomindia.com/reduced-cost-residential-solar-growth-in-the-us" target="_blank" rel="noopener"><strong>New residential solar installations in the U.S. had a median size of 7.2 kW in 2022, a significant jump from the 2.4 kW seen in 2000, thanks to cost reductions and improved module efficiencies,</strong> </a> according to the Lawrence Berkeley National Laboratory. This trend is heavily influenced by California, which contributes significantly to the data even if it has smaller residential system sizes. In most states, the median size of residential photovoltaic systems in 2022 exceeded 8 kW, with many states exceeding 9 kW.</p>


Daily News Wrap-Up: Solar Auctions Up 86%, Tenders Rise 5% YoY in Q3 2023


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					</table><p>Madhya Pradesh Skills Development Project (<a href="https://mpsdp.mp.gov.in/" target="_blank" rel="noopener">MPSDP</a>) has invited bids for the implementation of approximately 3.6 MW of grid interactive rooftop solar systems.</p>
<p>These projects will be implemented under the RESCO model and the power generated will be sold to select institutions in Madhya Pradesh.</p>
<p>The last date for the submission of bids is November 29, 2023. Bids will be opened on the next day.</p>
<p>The scope of the work includes design, engineering, finance, supply, installation, testing, and commissioning, along with comprehensive operation and maintenance for twenty-five operational years.</p>
<p>Bidders are required to submit a tender fee of ₹50,000 (~$601) and ₹4.2 million (~$50,489) as earnest money deposit.</p>
<p>The winning bidder must furnish a performance bank guarantee of ₹2.5 million (~$30,056)/MW, in accordance with the terms of the power purchase agreement, within 15 days of receiving the letter of intent.</p>
<p>Bidders must have a minimum net worth of ₹30 million (~$360,631). The net worth calculation should be based on the most recent unconsolidated audited annual accounts two years.</p>
<p>If the bidder or the lead member of the consortium has referred to its affiliate to meet the financial eligibility criteria, the affiliation will remain valid for the duration of the first operational year.</p>
<p>Bidders must be Indian-registered entities under the Companies Act, 1956 or 2013, partnership firms with a registered partnership deed as per the Partnership Act, 1932, limited liability partnerships under the Limited Liability Partnership Act, 2008, or registered sole proprietors.</p>
<p>MPSDP retains the authority to withdraw or cancel the tender at any time without providing any specific reasons. Additionally, the MPSDP maintains the discretion to reject any or all bids without needing to provide any justification, and this action would not result in any liability on its part.</p>
<p>Recently, MPUVNL <a href="https://www.mercomindia.com/madhya-pradesh-invites-solar-projects-under-kusum" target="_blank" rel="noopener">invited</a> bids to select renewable power generators to set up 670 MW grid-connected solar power projects under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) program.</p>
<p>Subscribe to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of tender activity in real-time.</p>


Madhya Pradesh Invites Bids for 3.6 MW Rooftop Solar Power Systems

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