India’s 3GW solar manufacturing tender delayed after failing to attract bids

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

Yesterday, not enough bidders turned up by 6pm IST for Solar Energy Corporation of India’s (SECI) tender for 3GW of solar manufacturing linked with 10GW of projects and the deadline has been extended to 12 October.

An industry source told PV Tech that considering the government-led RE-INVEST 2018 event is just one week away – an event that seeks to draw major global investment in India’s renewable energy plans – the poor interest in the tender could be a big set back for the government.

The tender was first issued in May drawing some early stage interest from heavyweight manufacturers both domestic and foreign, however, the tender specifications have put off players and led to several delays already.

The original 5GW manufacturing component had also been reduced to 3GW recently.

Consultancy firm Bridge to India, had previously said when the tender was at 5GW that the capital outlay required narrowed the list of viable candidates to just four: ReNew, Adani, Softbank and Tata Power.

Article revised to say the tender attracted few bidders rather than none.

Read Next

May 11, 2021
Spain’s Solarpack was affected by pandemic-related project delays in Chile during a first quarter, in which it saw its net profit shrink 95% year-on-year to €300,000.
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.
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

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
Solar Media Events
August 24, 2021