India: Andhra Pradesh sees 1.35 GW of solar bids submitted18. February 2013 | Applications & Installations, Markets & Trends | By: Becky Beetz
Over 180 bids for solar projects totaling 1.35 GW have been submitted under Andhra Pradesh’s solar policy, thus exceeding the Indian state’s 1.16 GW target. Meanwhile, Rajasthan has received India’s lowest valid solar bid, and seen the completion of a 40 MW photovoltaic project by Azure Power.
According to India-based consultancy Efficient Carbon, 184 bidders submitted 294 applications to install solar projects in Andhra Pradesh under its solar policy, unveiled last September. The state is looking to install 1.16 GW of projects via its auction process.
Overall, the Andhra Pradesh Power Transmission Company has identified 161 locations where solar projects may be developed. It has further stated that no more than 20 MW can be generated from each location, although developers can apply for an aggregate capacity of up to 200 MW.
As such, while the 1.35 GW worth of bids received exceeds the state’s target, Efficient Carbon points out that not all locations received bids – just 110 worth 850 MW – and that some locations received more than one bid. Thus, not all available capacity – 350 MW across 51 locations – is accounted for.
No details of the auction prices were divulged.
Details of Rajasthan’s financial bids for 100 MW of solar projects have emerged. Bridge to India reports that 25 bids worth over 200 MW were received, with developers able to bid for either a 5 or a 10 MW project.
At INR 6.45/kWh (around €0.09; US$0.11), the consultancy says that India’s lowest valid bid has been received.
"According to the project allocation process under the Rajasthan policy, in order to obtain a project, other developers will now be asked to meet this lowest tariff (referred to as L1). Assuming that the current capital cost of setting up a project is at least INR 70m, this tariff could only make financial sense if the developer is making full use of accelerated depreciation benefits," it writes.
In related news, Azure Power has commissioned a 35 MW thin film photovoltaic plant in Rajasthan's Kathauti village, in Nagaur. The completion of the project takes the company's existing Nagaur 5 MW plant to 40 MW. Non-recourse funding was received from the U.S. Exim Bank.
"This project was awarded under Phase I Batch II allocation of the Jawaharlal Nehru National Solar Mission and now supplies power to Rajasthan Rajya Vidyut Utpadan Nigam Ltd," said Azure in a statement released.
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