SECI approves scheme that will see annual PV batches of 500MW deployed potentially anywhere in India every year until 2025, with supply underpinned by PPA with US$0.041/kWh tariff.
Solar Energy Corporation of India (SECI) has carried out a 1.2GW solar auction in which the four lowest bidders stayed with the same tariff as their opening bid level.
Indian solar developer Azure Power has commissioned a 95MW solar power plant in Gujarat as the first phase of a 260MW capacity award from the distribution company Gujarat Urja Vikas Nigam Ltd (GUVNL) .
Akuo Energy and Norton Rose Fulbright reach financial close on 50MW Mali solar project, BayWa r.e. completes self-consumption solar project in Spain, Solar comes top in European survey, CDPQ increases stake in Azure Power.
Large-scale solar bids in India have once again matched their lowest price of INR2.44/kWh (US$0.034) in a 500MW auction in Gujarat held by the utility Gujarat Urja Vikas Nigam (GUVNL).
Assam Power Distribution Company Ltd (APDCL) has awarded 85MW of solar capacity to be built in the Northeast Indian state via a reverse auction held last month.
Maharashtra’s latest 1GW auction has attracted winning bids of between INR 2.71-2.72/kWh (US$.0.04), staying almost flat with India’s most recent PV auction in Andhra Pradesh.