Indian power giant scoops up more capacity at huge 5GW solar park in Gujarat.
One analyst says latest poor show of interest is part of a worrying trend in cancellations and under subscriptions.
Gujarat Urja Vikas Nigam Limited (GUVNL) has auctioned 500MW of grid-connected solar capacity with winning tariffs in the range of INR2.55-2.66/kWh (US$3.6-3.8 cents).
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) .
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).
The prices were INR0.35-0.40/kWh higher than the last PV tender issued by the same authority, GUVNL, last year.
GUVNL tenders 500MW solar in Gujarat, Azure bags World Bank loan for rooftop solar. MES tenders 6MW for military stations.