Featured in India's solar horizon – 08-2011

India’s gamble on a reverse auction

India: Mercom Capital Group looks at the success of the Indian solar mission’s first phase and asks whether a reverse auction is the right way forward. It also discusses project financing in terms of its importance in taking the country’s solar industry forward.
By
pv magazine

By the end of the second quarter of 2011, India’s solar sector was anxiously awaiting the looming July 9 deadline, namely the point when developers should have secured funding for the Jawaharlal Nehru National Solar Mission’s (JNNSMs) Phase 1, Batch 1 solar projects. Companies were given until July 24 to provide documentation proving that they …

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