India: Andhra Pradesh 500 MW PV tender oversubscribed 10-fold

Share

According to Bridge to India, the first NSM bid under India’s new government has attracted enormous interest with 5.5 GW bid from 30 developers. Six, including SunEdison and Softbank, bid for the whole 500 MW. Five, meanwhile, have made bids for 200 MW.

The consultancy says 28 bidders will now move into a second round of, open online, bidding, expected in the next month. This is the first time open online bidding has been used in India’s solar sector, writes Bridge to India, which comments, "If similar bids in India for telecom spectrum and coal mine allocation are any indicator, this mechanism will lead to a further intensification of competition."

"Aggressive" tariffs of below INR 5/kWh are expected by some, although the consultancy says it remains skeptical in light of the high solar park infrastructure costs. Saying that, it adds that the recent tariffs of INR 5.09/kWh –INR 5.98/kWh seen in Punjab were "an eye-opener."

Other solar auctions are also said to be attracting a lot of attention, with the 420 MW tender in Rajasthan having reportedly already seen 80 developers expressing interest. The 420 MW is set to be spread across six 70 MW projects in Bhadla Solar Park Phase II under the NSM phase II, batch II, tranche I.

Popular content

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.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

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.