First Solar is lowest bidder in 500MW Andhra Pradesh auction

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

The bid results for the 500MW solar tender in the state of Andhra Pradesh, India reveals that US thin film manufacturer, First Solar has submitted the lowest bid.

First Solar submitted bids of INR5.25/kWh (US$0.086) for 40MW and INR5.35 (US$0.087) for another 40MW.

All other bids ranged from INR5.63-8.08/kWh (US$0.092-0.132)), with projects ranging in size from 3MW to the upper limit of 100MW.

The 500MW tender auction was oversubscribed by more than double; there were 63 bids, totalling 1291MW in proposed solar developments.

Developers had to bid the tariff rate for power generated for the first year of the proposed plants operation.

The state’s Southern Power Distribution and Eastern Power Distribution companies issued a Request for Selection (RfS) for the 500MW of grid connected solar, on 14 August.

DISCOM (Distribution companies) will offer 25-year Power Purchase Agreements (PPAs) with projects to be completed within 12 months of signing. PPAs offered are scheduled to be signed on 29 October.

Developers bidding in the tender include big names such as: Acme, SunEdison, Azure, Welspun and NV Vogt.

There are no limitations for domestic content or foreign developers for state-level solar auctions in India, First Solar enjoyed early success in India as a major thin film manufacturer.

The Indian government also revealed details this month of an auction of 1GW of solar projects in Andhra Pradesh that will form the first part of a national 15GW roll out of PV between now and 2019.

Recently the national solar mission (NSM) has been reformed, offering domestic manufacturers support and removing DCR restrictions. A report earlier this mounth found that domestic manufacturing capacity is not enough with the government keen to rollout substantial generation capacity now.

In March, the Solar Energy Corporation of India (SEIC) announced plans to build a 1GW solar factory in Andhra Pradesh.  

Andhra Pradesh is a leading solar state in India, with more than 300 sunny days a year with an average solar radiation of 5kWh per square metre.

18 October 2021
Intersolar South America, South America’s largest exhibition and conference for the solar industry, takes place at the Expo Center Norte in São Paulo, Brazil on October 18–20, 2021, and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. At the accompanying Intersolar South America Conference, renowned experts shed light on hot topics in the solar industry.
19 October 2021
This year’s EV World Congress will hold a special role, not only as the first live EverythingEV event in over a year – a chance to renew your connections and re-engage with the EV sector face to face – but also as a chance to share insight and inspiration as world starts to look towards move on post COVID towards hitting ambitious decarbonisation goals in 2030 and beyond. As ever, we will be bringing world leading organisations, cities, and technology providers to the UK to inspire EV innovators, and delve into the challenges facing the sector as the UK looks to revolutionise road transport.
20 October 2021
Utility-scale solar is evolving, shaped by higher power modules and demand for increasingly lower levelised cost of electricity (LCOE). Those trends are also changing project requirements elsewhere, with inverters capable of delivering high power density and power capacity in strong demand. In this webinar, FIMER will detail how its innovative high-power, multi-MPPT string inverter and modular conversion solution can both meet those demands and transform the utility-scale solar sector for the better.
20 October 2021
The race is on but we need to sprint… With global climate talks fast approaching and time running out to prevent the most disastrous impacts of climate change, now is the time to act. The Summit will explore the opportunities that emerge from taking action on climate change and provide a clear pathway forward for governments, citizens and companies. Taking place just 10 days before the G20 meeting in Rome, on 30-31 of October, and in the lead up to the critical COP26 meeting in Glasgow from 31 October–12 November, this event will be instrumental in influencing ambitious global action.
10 November 2021
The solar tracker market continues to mature at breakneck speed, with designs and component selections becoming ever-more complex in the pursuit of better project economics. But a more simplistic design could deliver a triple benefit of lower Capex, EPC and Opex costs. This webinar will set out the ideal single axis tracker design for utility-scale solar farms. The design leapfrogs from decades of experience, with a comprehensive understanding and attention to the three cost structures of Capex, EPC and Opx. Sun and Steel Solar has prototyped a single axis tracker designed to deliver up to US$0.03/W in real savings compared to existing single axis trackers on the market. That’s US$30 million for every gigawatt deployed.
15 November 2021
The 10th edition of the famous Metallization and Interconnection Workshop, MIW2021, will take place in the Thor Central venue in Genk, Belgium, on Monday, November 15, and Tuesday, November 16, 2021 as a face-to-face meeting. We are longing for direct exchange of knowledge and ideas after a long time. Hopefully you can be part of it! But of course, the organizors will keep an eye on the evolution of the Covid pandemic. It will be assess carefully, whether the workshop can be held without major risks or excessive restrictions. We are looking forward to exciting talks, discussions and meetings and to welcoming you in Genk!

Read Next

October 15, 2021
US residential solar financier GoodLeap has raised US$800 million to expand into the broader market for sustainable home improvement, other carbon-reducing products and later commercial offerings and electric vehicles (EVs).
October 15, 2021
Doral Renewables has broken ground on the 1.65GWdc Mammoth Solar project in Indiana, set to be the US’ largest solar farm once complete.
October 15, 2021
European renewables investment management firm Greencoat Capital has confirmed its entry to the US renewables market and is plotting to invest up to US$5 billion over the next five years.
October 15, 2021
The European Commission (EC) has urged member states to accelerate solar deployment in order to tackle Europe’s rising electricity prices and has released a ‘toolbox’ to address the short-term impact of prices and strengthen resilience against future shocks
October 14, 2021
Europe’s most competitive renewable power purchase agreement (PPA) offers rose 8% quarter-on-quarter as Europe’s worsening energy crisis bites, according to US firm LevelTen Energy’s Q3 2021 PPA Price Index report.
October 14, 2021
JinkoSolar has laid claim to a new n-type monocrystalline silicon solar cell conversion efficiency record, taking that efficiency rating to 25.4%.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 19, 2021
BRISTOL, UK
Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021