India’s 3GW solar manufacturing tender delayed after failing to attract bids
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.
Solar & Storage Finance Asia
Solar & Storage Finance Asia returning to Singapore for its 5th edition, will be the meeting point for developers, financiers and investors across the region. Explore in depth the opportunities of the different countries via case studies, business and financial models that will foster growth in the region with particular focus on Thailand, Philippines, Indonesia, Taiwan, Korea, Cambodia, Singapore, Malaysia & Vietnam. The programme has been designed to enable you to win business and understand new opportunities in the market. Key topics include floating solar, project finance for PPAs, modernization of the grid and strategies for structuring and designing hybrid deals.
Comments