Softbank's joint venture, SBG Cleantech has caught the eye by submitting a technical bid for the full 2GW capacity available in an Interstate Transmission System (ISTS)-connected solar tender from Indian state-run utility NTPC.
The tender has been also oversubscribed three-fold with 6.2GW of technical bid submissions.
The final list of participants was as follows:
- SBG Cleantech – 2,000MW
- Acme – 600MW
- ReNew – 500MW
- Adani – 500MW
- Shapoorji – 500MW
- Avaada – 300MW
- Azure – 300MW
- Sprng – 300MW
- Tata Power – 250MW
- Alfanar – 250MW
- Mahindra – 250MW
- Aditya Birla – 200MW
- HFE – 200MW
- Orange – 50MW
Indian solar tariffs matched their lowest ever in the most recent 2GW ISTS-connected auction from Solar Energy Corporation of India (SECI), hitting INR2.44/kWh (US$0.036) for the first time since May 2017, and with much of the capacity expected to be set up in Rajasthan.
Meanwhile, a 200MW tender in Odisha, one of the first to include a pass-through option in case of change in law, was also heavily oversubscribed.
Winning bids in the latest solar auction in the Indian state of Andhra Pradesh ranged between INR 2.70-2.71/kWh (US$0.0391-0.0394/kWh).
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.