The Telangana 2,000MW tender is the largest single PV allocation in India, and as expected by pundits competition was tough. At 250% oversubscription, bids came in from 101 solar project developers according to Bridge to India. SkyPower South East Asia Investments has been cited by Bridge to India and local newspapers as having won a tender with a tariff bid of $0.08/kWh, the lowest so far in the state. This bid is said to be for a 50MW project.
The Ontario-based SkyPower has put in bids for four projects with 50MW capacities each in Telangana according to Indian media Business Standard. Previously the company also agreed on $0.08/kWh prices for PV plants in Madhya Pradesh.
Bridge to India states in its blog that "it is interesting to note that even though the tariffs are aggressive, most developers have bid at tariffs that are on a higher side as compared to those quoted in Madhya Pradesh last month". One reason is seen as the generous allotted commissioning time of 18 months in that state compared to 11 to 12 months elsewhere. Telangana PV projects are likely to be commissioned within 2016, says Bridge to India.
The bidding in Madhya Pradesh is also more competitive as developers expect cost reductions over the longer commissioning period. PV projects are expected to be completed sometime in Q3 2017. Bridge to India also says that availability of government land for lease at a comparatively low costs also has led to competitive bidding in the state.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.