Credit: Azure Power
Solar Energy Corporation of India's (SECI) 10GW solar tender combined with 3GW of manufacturing has once again received a poor response from the industry with only local developer Azure Power submitting a bid.
The tender has been through mutliple delays and rethinks, with SECI having to converse with the industry to try to make the tender parameters more attractive for bidders, including a recent 10 paise hike on the proposed tariff.
Sources told PV Tech that Azure Power's bid was for a 2GW project on a single site as well as 600MW of manufacturing capacity.
Azure has raised more than US$400 million from equity and debt financings since 30 June 2018.
SECI's hybrid wind and solar auction has also played out today.
The PV IndiaTech 2020 conference will continue to bring together all key domestic and overseas stakeholders, including government bodies, investors, and the leading companies today from manufacturing to O&M and asset management. To thrive globally as a major PV power beyond 2020, India has to succeed in unlocking its potential both to manufacture and to lay claim to quality utility-scale solar farms that are providing high returns on investment to site owners.