In the rush to meet the target of 1.75 lakh MW of renewable energy capacity by 2020, the Centre and several states have issued tenders totalling 30,549 MW. Of this, only 4,000 MW are wind power projects, 1,800 MW are hybrid (solar+wind) and balance 24,749 MW are solar power projects. The bids for these projects are due in next three months. If concluded on time, these projects should be commissioned by March 2020.

The earlier deadline for 1.75 lakh MW was 2022, but the government later said it would meet the target by 2020 and achieve more than 2 lakh MW by 2022.

Solar Energy Corporation of India (SECI), the nodal agency of ministry of new & renewable energy (MNRE) has issued 19 tender notices. This includes the mega 7,500 MW solar project in Ladakh region, 3,000 MW solar manufacturing and power plant, which failed last year and one floating solar project in Jharkhand.

Of the tenders issued, Andhra Pradesh has already received expression of interest for its 600 MW hybrid power project from close to a dozen companies. Greenko, Adani, Suzlon, Gamesa, ReNew Power, Hero Future Energies, Sembcorp are some of the companies which have shown initial interest in the pre-bid meeting held last month.

The bid submission date for the 3,000 MW solar manufacturing linked power project was March 18, 2019, which has now been extended to April 4. This tender was closed unsuccessfully last year after six extensions. Only one joint bid came from Azure Power & Waaree Energies which was cancelled later.

While the government is buoyant with this mass scale project announcement, the industry is sceptical as past projects face problems. Imposition of 5 per cent GST on solar project and safeguard duty on imported solar panels has escalated the cost. The record low bid of Rs 2.44 per unit in solar and Rs. 2.48 per unit in wind has not repeated for two years now. The tariff in both is currently prevailing around Rs 2.65-2.8 per unit.

“Developer sentiment has been negatively impacted by the lack of clarity on several policy issues and arbitrary bid cancellations, which is contrary to a supportive policy stance from the government,” rating agency CRISIL said in its latest report.In August last year, MNRE cancelled a bid by SoftBank Energy alleging cartelization and citing bid amount of Rs. 2.77/unit to be too high.

Due to lack of interest and rising tariff because of high cost, several projects were also cancelled. CRISIL estimates close to 4,700 MW of projects were cancelled over March - December 2018.

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