A very aggressive bidding round was seen at the Scope Complex Auditorium for the Batch II of Phase 1 of the Jawaharlal Nehru National Solar Mission (JNNSN). Solar Direct Emerges was the lowest bidder at Rs.7.49/kWh, while Green Infra was the highest bidder at Rs.9.39/kWh.
Other developers such as Welspun – it quoted three projects at Rs.7.97, Rs.8.05 and Rs.8.14/kWh; SunEdison at Rs.9.28/kWh; Mahindra Bids at Rs.9.34/kWh; Sai Sudhir at Rs.8.22/kWh; VS Lignite at Rs.8.54/kWh; and Sunborne Energy at Rs.8.99/kWh.
Meanwhile, Punj Lloyd offered no disount this time. Inderpreet Wadhwa led Azure Power and quoted a very aggressive price of Rs.7.91/kWh (50 megawatts); Sujana Energy at 9.09/kWh; and Kiran Energy quoted Rs.9.34/kWh for a 50 MW project.
Green Infra emrged as the highest bidder, having quoted Rs.9.39/kWh.
The price discovery mechanism has proved miraculous on the one side making solar energy closer than ever to grid parity while on the other it has presented a big challenge for these projects to achieve financial closure and prove viability.
