auction

Azure Power has submitted the lowest bid of INR3.14 (US$0.048) in a 250MW solar auction under the Domestic Content Requirement (DCR) held by Indian utility NTPC.

UPDATED: Saudi Arabia’s 300MW solar tender has seen opening bids go lower than two US cents, setting the tone for a new global solar power tariff record if awarded.

A 500MW solar auction in the Indian state of Gujarat, held by Gujarat Urja Vikas Nigam Ltd. (GUNVL) has seen a winning low bid of INR2.65/kWh (US$0.041), despite several uncertainties for the wider Indian solar sector.

Brazil’s energy agency EPE has set an 18 December date for the A-4 energy auction, which includes the potential of 20-year PPAs for wind, solar and biomass along with 30-year PPAs for hydro.

Victoria’s Labor government will hold a 650MW renewables auction and has awarded contracts for 138MW of large-scale solar plants to power Melbourne’s tram network.

Argentina’s Ministry of Energy and Mining has launched a new 1.2GW renewable energy auction calling for 450MW of solar PV and 550MW of wind, under Round 2 of its RenovAR Programme.

A reverse solar auction is to be run for London homeowners under plans outlined by the mayor Sadiq Khan today, which place community energy schemes at the centre of the city authority’s plans while shutting the door once and for all on a rumoured London feed-in tariff.

The opening bids in Malaysia’s 460MW large-scale solar auction have shown significant over-subscription with roughly 1,632MW of submissions.

Mercom has projected 10.5GW for 2017, well up from 9,812MW in its April quarterly report, and the 9,020MW projected in January.

Brazilian energy agency EPE will hold two energy auctions in December this year, in one of which solar will be able to compete.