A Solar Energy Corporation of India (SECI) tender for 750MW of PV capacity at the Bhadla Solar Park in Rajasthan has been massively oversubscribed, with roughly 8.75GW worth of technical bids received.
India’s current template for solar power procurement is up for review. Record low tariffs in Rewa have inspired this re-examination. Jasmeet Khurana, associate director, consulting, Bridge to India, looks at how different states and utilities are reacting to the new procurement landscape.
Indian solar developers have been more aggressive than their international counterparts in solar tenders and their risk pricing appears to have been inadequate, according to a new report from consultancy firm Bridge to India.
Just when forecasts for India’s solar manufacturers in 2017 projected a dire outlook, energy minister Piyush Goyal has reportedly said in parliament that the previously touted incentives package for domestic firms will not be moving forward for the foreseeable future.
Solar Energy Corporation of India (SECI) has scrapped 150MW of solar capacity that was due to be auctioned under local content rules, in what may be a sign of the WTO ruling against the DCR taking effect.
Fears about India’s largest procurer of solar energy being unable to cope with payment defaults have been allayed by its inclusion in a payment security mechanism, according to the latest update from consultancy firm Bridge to India.