SolaireDirect wins 75MW solar project in Uttar Pradesh

Facebook
Twitter
LinkedIn
Reddit
Email
RattanIndia Power won 50MW solar earlier this week also in Uttar Pradesh. Flickr: Abhijit Kar Gupta

French developer SolaireDirect, now owned by renewbales firm ENGIE, has won a 75MW solar project in the Indian state of Uttar Pradesh quoting viability gap funding (VGF) of INR7.435 million/MW (US$110,527).

The Solar Energy Corporation of India (SECI) tendered the project, having already awarded a 50MW project in Allahabad, Uttar pradesh, to Indian conglomerate RattanIndia Power earlier this week with VGF quoted at INR7.499 million/MW.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

In that first tender, SolaireDirect narrowly missed out from winning the capacity having quoted VGF of INR7.5 million/MW.

SECI used a reverse auction process under India’s National Solar Mission to award these projects with a set tariff INR4.43/kWh (US$0.066) alongside VGF, which is a funding mechanism provided by the government of India.

Jasmeet Khurana, associate director at Bridge to India, said that SECI is allocating a total of 440MW in Uttar Pradesh and this is divided into seven different bids. Results for two of these have already been announced and five bids are yet to take place.

Read Next

September 4, 2025
India’s Goods and Services Tax (GST) Council, the joint forum of the Centre and States, has reduced the GST rate on renewable energy components from 12% to 5%. 
September 4, 2025
Indian solar manufacturer Waaree Energies has acquired a 64% equity stake in power transformer manufacturing company Kotsons.
September 3, 2025
India has added 2.8GW of rooftop solar in H1 2025, a 158% year-on-year surge from just 1.1GW in the same period last year.
September 1, 2025
The US International Trade Commission (ITC) has voted to continue the investigation on imported solar cells from India, Indonesia and Laos.
August 28, 2025
Indian solar manufacturing firm INA Solar has broken ground on its fourth 4.5GW cell production plant in Narmadapuram, Madhya Pradesh.
August 26, 2025
Jakson Engineers is investing over INR80 billion (US$912.5 million) to set up a 6GW integrated solar module, cell, and wafer plant.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines