India sets deadline for final bids in solar program

Facebook
Twitter
LinkedIn
Reddit
Email

The Indian Government has warned that all companies that have been placed on the shortlist to qualify for incentives under the country's program to boost solar power generation will have to submit final bids by Nov. 16, reports Bloomberg.

“They will inform the eligible people, who will give their bids by November 15 or 16,” said Deepak Gupta, secretary at the Ministry of New and Renewable Energy. “That will be the date to watch for.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • 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

Or continue reading this article for free

The program, which offers incentives such as special tariffs and a power-bundling arrangement designed to assure projects of buyers, has so far received applications from solar project developers to build at least three times the proposed capacity of the National Solar Mission's first set of projects.

Due to this large amount of interest, the government has agreed to select developers based on the discount they offer for the rate at which they sell their electricity. The commission set a price of 17.91 rupees (US$0.40) per kilowatt hour for solar photovoltaic projects and 15.31 rupees for solar thermal projects.

The National Solar Mission aims to increase India's grid-connected solar capacity to 1000MW by 2013 and 20,000MW by 2022. The invitation for applications to build the first round of projects, including 150MW of solar PV plants and 470MW of solar thermal plants, closed on September 24.

Under the program, power trading company NTPC Vidyut Vyapar Nigam will buy the solar plants' generated electricity and bundle it with cheaper coal-fired electricity from its parent company NTPC. The bundled power will then be sold to distribution companies.

Read Next

Premium
June 30, 2025
Solargis CEO Marcel Suri explores three areas where new standards could help underpin greater efficiency, accuracy and market resilience.
June 30, 2025
Heliene has completed the sale of Section 45X Advanced Manufacturing Production Tax Credits in association with Minnesota-based U.S. Bank.
June 30, 2025
Eni subsidiary Plentiude has started operations at the northern block of its 330MW Renopool solar portfolio in Spain.
June 30, 2025
Voting on the US tax reconciliation bill is expected to begin in the Senate today, following a draft published on Friday that hit clean energy tax credits hard.
June 30, 2025
The Spanish government has launched a €100 million (US$117 million) aid programme to help promote the recycling and reuse of materials from renewable energy projects.
June 30, 2025
US clean energy developer Clearway Energy Group has received corporate credit facilities over US$1 billion.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico