SECI has announced it will be holding auctions for 750 MW of PV projects in the western Indian states of Maharashtra and Gujarat.
Maharashtra will see the development of 500 MW of PV projects this time round, while the westernmost state of Gujarat has 250 MW planned for auction. The grid-connected projects will be implemented under JNNSM Phase II Batch III. The details will be uploaded to TCIL India's electronic tender website soon.
According to Bridge to India, Maharashtra has the highest power requirements and costs as one of India's most industrialised states, and is thus ideal for solar. The state's power distribution companies are also relatively better off than those in other Indian states, continues the market research company.
Loans for rooftop solar in Chandigarh
Headway Solar also reported in its blog that banks are now offering loans for solar rooftop installations in Chandigarh, a city that serves as the capital of Punjab and Haryana. According to the Haryana-based solar consulting and development company, private bank representatives announced at the "Be a proud solar power producer" conference that loans can be taken for rooftop solar installations under three categories:
- Home loan
- Home improvement loan
- Loan for installation of solar power plant
The rate of interest is expected to be around 11.5% according to the company's blog. The conference was organized by the Chandigarh Renewal Energy, Science and Technology Promotion Society (CREST).
This week a reverse auction for 750 MW of solar projects in Anantpur, Andhra Pradesh was also announced. Bidding will open October 29.