Lowest ever prices for Indian local content projects from Tata and Adani

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Tata won with a bid of INR4.84/kWh (US$0.072), meanwhile Adani went for INR4.86/kWh. Credit: Tata

Indian power giants Tata Power Renewable Energy and Adani have put in the lowest ever bids for solar capacity under Indian’s Domestic Content Requirment (DCR) rules, going below INR5/kWh (US$0.075) for the first time.

The firms won a 50MW project each in the Pavagada Solar Park in the southern state of Karnataka and must use locally sourced PV equipment.

Jasmeet Khurana, associate director, consulting, Bridge to India, told PV Tech that the low prices are the result of both firms having cell manufacturing capacity within India. Tata already has cell capacity in operation and Adani is set to have its own production facility up and running in time to deliver to its solar power project.

The manufacturing arm of Adani is Mundra Solar PV, which is expected to start ramping 1.2GW of solar cell and module capacity from October, 2016 onwards as part of a first phase expansion.

Tata won with a bid of INR4.84/kWh (US$0.072), meanwhile Adani went for INR4.86/kWh.

Two other developers, Kalthia Engineering and Construction, and Azure Power lost out.

The previous lowest bids in the DCR category were in Rajasthan where Janardhan Wind, Suzlon and Maharashtra Seamless all put in bids just above the five rupee per unit mark.

Read Next

April 14, 2021
While recent solar auctions in Spain and Portugal have made headlines with low prices and high levels of participation, the power purchase agreement market will be key to helping both countries reach their 2030 solar deployment targets, it was suggested during a panel discussion.
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.
PV Tech Premium
March 26, 2021
Solar developers have welcomed clarification on India’s new import duties for modules and cells that will come into effect next year, but questions have been raised about the ability of domestic manufacturers to ramp up production to meet rising demand.
March 23, 2021
Scatec has unveiled a NOK 100 billion (US$11.7 billion) plan that will see the company expand its renewables portfolio to 15GW over the next four years.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET
Solar Media Events
May 11, 2021