Bids ‘remain aggressive’ in Maharashtra’s 1GW solar auction

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
In this case the capacity is not within a solar park. Credit: ReNew Power

Maharashtra’s latest 1GW auction has attracted winning bids between INR 2.71-2.72/kWh (US$.0.04), staying almost flat with India’s most recent PV auction in Andhra Pradesh.

Bidder tariff (INR/kWh) capacity (MW)
JLTM Energy 2.71 20
Mahoba Solar (UP) 2.71 200
ReNew Power 2.72 250
Acme Solar 2.72 250
Tata Power Renewable Energy 2.72 150
Azure Power 2.72 150

Mudit Jain, consultant at Bridge to India, noted that tariffs had changed little from the INR2.72-2.73/kWh discovered in NTPC’s 750MW auction for the Ananthapuramu solar park in Andhra Pradesh earlier this month. However, in this case the capacity is not within a solar park. Jain noted that aggressive bidding has remained despite the lack of solar park but also suggested that the bids were a slightly “too aggressive”.

Giriraj Renewables and Shappoorji Pallonji lost out in the auction with bids of 2.72 and 2.76 rupees respectively.

Gujarat Urja Vikas Nigam Limited (GUVNL), a Discom in the state of Gujarat, recently scrapped a tender after its 500MW auction saw tariffs hover around the 3 rupee mark since it was hoping to attract far lower bids.

Read Next

May 5, 2021
SHV Energy, a Netherlands-based liquified petroleum gas (LPG) distributor, has acquired a majority stake in Indian solar developer SunSource Energy.
April 30, 2021
Solar manufacturers that plan on setting up integrated, higher capacity plants in India will be given preference in the country’s new production-linked incentive (PLI) programme.
April 20, 2021
India presents an “enormous potential” for the development of solar and wind hybrid power systems, with more than 12.3GW of collocated tenders issued in the country to date.
PV Tech Premium
April 8, 2021
After a challenging year, India’s solar sector stands primed for something of a rebound. But a host of familiar issues, from the perilous state of DISCOMs to regulatory uncertainty, run the risk of stymying future growth. Vinay Rustagi, managing director at consultancy Bridge to India, talks to PV Tech about the future prospects for Indian solar.
April 8, 2021
Tata Power Solar has expanded its PV manufacturing facility in Bengaluru, India, taking the total production capacity of modules and cells to 1.1GW.
April 1, 2021
Norwegian independent power producer Scatec is looking to collaborate with project developers in India as part of efforts to gain a foothold in the country’s burgeoning solar sector.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021