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Alex Green Energy wins bid to develop 5MW solar project in India

According to Bloomberg, Alex Green Energy has won the bid to develop a 5MW solar project in India’s eastern Odisha state. The company vouched to supply power at a record-low rate and, according to a statement from PK Mohan, CEO of Odisha Renewable Energy, has the option to develop the remaining 20MW of PV capacity from the solar auction before it is offered to other bidders.

Rules of the solar auction govern that Alex Green must complete the project by August 2013. The company bid pledges to sell power to the state-run utility at US$142/MWh, which is, according to Bloomberg, the lowest bid in India to date.

Odisha Renewable Energy is awaiting approval from the state government to auction another 50MW of solar installations. The capacity will be offered in two batches of 25MW in the next few months. 


  • Photovoltaics International 29th Edition

    Forecasting the evolution of a young, dynamic industry is by definition an uncertain business, and solar is no exception. Rarely, if ever, do the numbers broadcast by any of the various bodies involved in the PV prediction game tally, and even historical deployment rates remain the subject of hot debate. The paradox is that getting forecasts broadly right is going to become increasingly important over the next few years, particularly for those involved in producing the equipment that will support whatever levels of demand come to pass.



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