Solar capacity auctioned last night in the Indian state of Jharkhand saw significant contrasts in bids received for the smaller-scale sub-25MW category when compared to the larger utility-scale segment, with indian developer Renew Power winning big.
French developer SolaireDirect 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).
Ontario’s Independent Electricity System Operator (IESO) has awarded seven solar energy contracts totalling nearly 140MW with a weighted average price of CAD0.1567/kWh (US$0.12).
Brazil’s energy regulator ANEEL has approved a further nine projects from its 1.5GW Reserve Energy Auction held last November, bringing the total of qualified renewable energy projects to 52 out of the 53 awarded.
Multinational developers are winning solar projects in India by bidding at extremely low tariffs to make a beginning in the Indian market, but with little appetite to bid at the same low levels again, according to a prominent industry figure.
Indian conglomerate Adani Group and solar developer Azure Power have both been awarded 50MW of capacity with winning bids of INR 4.78/kWh (US$0.07) in the 100MW solar auction in the Indian state of Uttar Pradesh.
Delhi-based private distribution company (Discom) BSES, which is backed by Indian conglomerate Reliance Infra, plans to procure 700MW of clean energy including solar power using a reverse auction process.
India's ongoing state solar auctions have seen some record low prices bid for the capacity up for tender, but is it a sustainable trend? Tom Kenning reports.
