Module Supply: ReNew, Emmvee, Vikram Solar Win NTPC’s Khavda Tender

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NTPC REL (Renewable Energy Limited) has awarded the contracts of supply of solar modules for its 1,255 MW solar project to three solar module manufacturers. Three companies-Emmvee, ReNew and Vikram Solar emerged as the winners of the NTPC REL’s tender. The tender was floated in September 2023. The solar project is scheduled to come up at Khavda in Gujarat.

As per the mandate of the NTPC REL, the selected winners were mandated to supply Domestic Content Requirement (DCR) solar modules to the government entity. The tender was issued to ensure a smooth supply of 1.58 GWp of bifacial solar. NTPC had asked the solar module suppliers to ensure supply the solar modules with a minimum capacity of 540 Wp. 

The tender had put the onus on these companies to manufacturer, supply, transport these bifacial solar modules for NTPC REL’s proposed 4,750 renewable park at Khavda in the Rann of Kutch in Gujarat.

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The1,255 MW of solar projects comprise four adjacent blocks of 315 MW (three blocks) and one block of 310 MW. This included three available blocks for 397.7 MWp and one block for 391.5 MWp. The total capacity of module supply asked in the tender stood at 1584 MWp. NTPC REL had clarified that it intended to finance the package through its own resources or through external borrowings. 

Khavda has emerged the prime destination for India to take up India’s renewable capacity to another level. After Pavagada Solar Park (Karnataka) and Bhadla Solar Park (Rajasthan), Khavda has become one of the hotspots for India’s ultra solar parks. MNRE also give preference to sites like Khavda and Bhadla with their lesser fertile land and lower human population which can make the whole process of developing solar parks easier for the companies. Touted as the world’s largest solar park by capacity, Khavda has seen major investment by Adani Group which has planned to develop renewable capacity upto 30 GW. It has already announced operationalizing 2 GW of its capacity there. NTPC REL and other companies are also trying to create its niche in the Rann of Kutch region and the tender is likely to give a fillip to these plans.

The three solar module manufacturers selected under the NTPC tender in the last few years have also progressed in capacities and technologies. For example-Emmveee is now working to become one of the leading suppliers of TOPCon modules and also introduced bifacial modules in the TOPCon category. Vikram Solar has also expanded beyond India. With its proposed solar module manufacturing facility in the United States, it has become among the few Indian firms to do so. ReNew, the erstwhile top developer that entered manufacturing recently, this is the second major order win for its modules after a recent win at a SECI auction.

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