From pv magazine India
The solar auction held by authorities in the Indian state of Andhra Pradesh this week was intended at allocating 6.4 GW of grid-connected solar power and was oversubscribed by 8.5 GW.
The procurement exercise saw five players, including Adani Green, HES Infra, NTPC, Shirdi Sai Electricals and Torrent Power, submitting bids for a combined capacity of 14.9 GW.
The auction results, which were revealed b consultancy JMK Research, show the lowest winning bid of INR 2.47($0.034)/kWh came from Torrent Power, which secured 300 MW capacity. Adani Green secured the biggest chunk of 3 GW across five locations (600 MW each). Shirdi Sai Electricals secured 2.2 GW, NTPC 600 MW, and HES Infra 300 MW.
JMK research cited the lack of international participation as the reason for the rise in final prices compared to the record-low prices of INR 1.99–2.00 achieved in previous auctions. “It could be partly due to lesser time for bid submission, because of which many players were not able to conduct detailed site assessment,” it said.
To continue reading, please visit our pv magazine India website.
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: editors@pv-magazine.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.