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

November 26, 2021
Portugal has launched its latest solar auction that is set to allocate 262MW of floating PV to be installed at seven dams across the country.
November 26, 2021
The European Commission (EC) has approved a €2.27 billion (US$2.56 billion) Greek scheme to support 4.2GW of installed renewables capacity after assessing it in the context of EU state aid rules
November 24, 2021
Tata Group is planning to set up a 4GW solar cell manufacturing unit in the Indian state of Tamil Nadu, according to a report from the Times of India.
November 15, 2021
India’s government is set to scale up funding for its production-linked incentive (PLI) programme for solar manufacturing as it eyes exports of PV equipment.
November 12, 2021
Indian independent power producer (IPP) Azure Power has received a letter of award (LOA) for its first 150MW interstate transmission system connected (ISTS) solar-wind hybrid project with the Solar Energy Corporation of India (SECI).
November 5, 2021
First Solar is actively exploring future capacity manufacturing locations after recording a surge in demand, both domestically and internationally, amidst supply chain obstacles impacting the PV industry.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
December 1, 2021
Solar Media Events
February 1, 2022
London, UK
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal