Rajasthan solar auction draws electricity price of just 3.5 US cents
Record-setting Acme Solar has secured a third of the latest procurement exercise in the state with a lowest bid of INR2.48/kWh. The tender was oversubscribed by more than 100% as offers came in for 1,620 MW of capacity.
India goes into overdrive with 6 GW tender plans announced in five days
SECI, the organization responsible for coordinating India’s push for 100 GW of new solar capacity by 2022, has had a busy week. But, as last year illustrated, tenders alone are not always a guarantee of new generation assets.
Tender for 20 MW of floating solar-plus-60 MWh storage in Indian archipelago
The Solar Energy Corporation of India has invited bids for the development of an aggregate capacity of 20 MW of lagoon-based floating PV with 60 MWh of battery-based storage systems in the union territory of Lakshadweep.
India’s 10 GW mega tender has now been trimmed to 3 GW
A week after rejecting the sole bid received – from Azure Power – for its manufacturing-linked 10 GW solar procurement, the government has trimmed the size of the ill-fated exercise by more than two-thirds.
Rejection of Azure Power bid confirms failure of India’s 10 GW ‘mega-tender’
Delhi-based developer Azure had bid for a 2 GW project on a single site – plus 600 MW of manufacturing capacity – as part of a much-hyped national 10 GW manufacturing-linked tender. The government has decided to reject the bid because it says the quoted price is unreasonable.
Indian Railways plans to tender 4 GW solar project
The procurement will be worth an estimated $2.25 billion, and will stipulate the use of 1.2 GW of Indian-made equipment. The power generated will replace 4 GW of coal-fired electricity consumption used by the railways.
Investment funds scramble to acquire Indian giant’s 1 GW assets
Global Infra Partners, KKR, Brookfield, I Squared Capital and Macquarie are reported to be among those eyeing the renewable energy assets of debt riddled Infrastructure Leasing and Financial Services.
Planned 5 GW Indian solar plant will be ‘the world’s largest’
Known as the “roof of the world,” the scenic Ladakh region of the Indian state of Jammu and Kashmir could soon host the world’s largest single-location PV plant.
Macquarie and India’s NTPC in race to buy Infrastructure Leasing and Financial Services’ assets
India’s leading infrastructure finance company expects to generate up to $1.14bn from wind and solar asset sales.
2018: India’s year of failed tenders
Tariff ceilings, safeguard duties, a falling rupee and mandated manufacturing capacity turned 2018 into a year of annulled tenders, and no shows by bidders.
