Indian company launches 700 MW solar tender

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From pv magazine India

India’s Gujarat Urja Vikas Nigam Ltd. (GUVNL) has opened bids to develop 700 MW of solar projects at the 1 GW Dholera Solar Park. Selected projects – to be set up on build-own-operate basis – will be awarded a 25-year power purchase agreement.

GUVNL has set a ceiling price of Rs 2.92 ($0.039) per kWh for the procurement exercise. The tender’s total capacity will be spread across 14 sites, each with a capacity of 50 MW.

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