No price shocks in India’s first major floating solar auction

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

Indian conglomerate Shapoorji Pallonji has won the country’s first major grid-connected floating solar tender for 50MW of capacity at a tariff of INR3.29/kWh (US$0.047) at Rihand dam in Uttar Pradesh.

The remaining 100MW of capacity out for tender will also soon be auctioned by Solar Energy Corporation of India (SECI) in two blocks of 50MW. SECI had increased the capacity available in its tender from 100MW to 150MW back in April.

Vinay Rustagi, managing director of consultancy firm, Bridge to India, told PV Tech: “There are many implementation differences between ground-based solar and floating solar. We believe that the latter has an overall capital cost disadvantage of between 10-15%. Taking that into account and expected tariffs of around INR 3.00 for ground-based solar, the discovered tariff seems about right. But this is the first project of this scale in India and the tight timelines could pose an execution challenge.”

Major solar EPC Sterling and Wilson is part of Shapoorji Pallonji.

Ministry of New and Renewable Energy (MNRE) recently updated distributed grid-connected solar guidelines in the Lakshadweep as well as the Andaman and Nicobar Islands, with a particular focus on floating solar.

PV Tech featured an in-depth article on a 500kW floating solar system in Kerala in March this year.

Read Next

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 6, 2021
A 12.9MW floating PV plant is set to be deployed at a hydropower reservoir in Albania thanks to a loan provided by the European Bank for Reconstruction and Development (EBRD).
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.
March 31, 2021
Norwegian company Ocean Sun has signed an agreement to provide its floating solar technology for utility-scale floating PV projects in Greece and Cyprus.
March 31, 2021
DNV has released the world’s first recommended practice (RP) for floating solar projects to help reduce risks for developers and increase investor confidence in the segment.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET