India RE Navigator
Indian Renewable Energy Development Agency (IREDA) issued a tender inviting VGF bids to develop 5,000 MW solar capacity under CPSU scheme Phase-II for government entities across India.
| Total capacity | 5,000 MW | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Open capacity | 0 MW | ||||||||||||||||||||||||
| DCR capacity | 5,000 MW | ||||||||||||||||||||||||
| Storage capacity | - | ||||||||||||||||||||||||
| Tender scope | BOO | ||||||||||||||||||||||||
| Solar park | NA | ||||||||||||||||||||||||
| Tendering authority | Others | ||||||||||||||||||||||||
| Offtaker/ Power consumer | C&I consumer | ||||||||||||||||||||||||
| PPA tenure | 25 years | ||||||||||||||||||||||||
| Benchmark tariff/ VGF/ CAPEX | INR 5.5 million/ MW | ||||||||||||||||||||||||
| Allocation basis | VGF bid | ||||||||||||||||||||||||
| Technology | PV | ||||||||||||||||||||||||
| Bid size |
1 - 5,000 MW |
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| Minimum CUF | - | ||||||||||||||||||||||||
| Required bank guarantees |
EMD: 0.4 million/ MW |
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| Technical criteria |
Experience in commercially established and operational technologies |
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| Financial criteria |
Positive net worth |
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| Commissioning timeline | 30 months | ||||||||||||||||||||||||
| Notes |
|
Results announced
| Tender release | 29 January 2021 |
| Bid submission | 31 August 2021 |
| Bid result | 23 September 2021 |
| Estimated PPA signing | March 2022 |
| Estimated COD | March 2025 |
Source: BRIDGE TO INDIA research
| Developer | Capacity, MW | Location | Technology | Status |
COD/ (Sch COD) |
Tender/ scheme name | Primary offtaker | Secondary offtaker | Tariff, INR | Transmission connectivity | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Substation | Voltage | LTA date | ||||||||||
1. This data includes grid connected projects above 1 MW.
2. All project and tender capacities are specified in AC unless noted otherwise.
3. Pipeline includes projects that have been allocated to developers but not yet commissioned. For some of these projects, execution of PPAs and/or regulatory approval may still be pending.
4. Scheduled COD is estimated based on time allowed for construction plus six months for execution of PPA and regulatory approval.
5. Commissioning status for the last 2 quarters is updated progressively, as more data becomes available.
6. Where projects have been subject to M&A transaction(s), name of current owner is shown as developer.
7. For solar-wind hybrid projects, capacity shown refers to (estimated) solar capacity only.
Source: BRIDGE TO INDIA research
