Solar Energy Corporation of India's (SECI) 10GW solar tender combined with 3GW of manufacturing has once again received a poor response from the industry with only local developer Azure Power submitting a bid.
The tender has been through mutliple delays and rethinks, with SECI having to converse with the industry to try to make the tender parameters more attractive for bidders, including a recent 10 paise hike on the proposed tariff.
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
Not ready to commit yet?
Already a subscriber? Sign In
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Sources told PV Tech that Azure Power's bid was for a 2GW project on a single site as well as 600MW of manufacturing capacity.
Azure has raised more than US$400 million from equity and debt financings since 30 June 2018.
SECI's hybrid wind and solar auction has also played out today.
