India has given the option to solar power procurers to extend the timelines for land acquisition, financial close and PV project commissioning, which should help developers working on interstate transmission system (ISTS)-connected plants.
India’s large-scale solar space, which has been dominated by Solar Parks in the last two years, now has standalone projects firmly back on the map with multi-Gigawatts of capacity up for grabs and a chance for higher risk-taking players.
UPDATED: The first 600MW phase of the world’s largest solar park, standing at 2GW(AC) capacity at the Pavagada Solar Park in the Indian state of Karnataka, will be inaugurated today, successfully demonstrating a unique lease structure.
Representatives of India’s two largest solar power off-takers, SECI and NTPC have said the central government’s plan to tender 17GW of solar PV before April next year is totally reliant on the willingness of states to buy power.
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.
Appetite for participating in India’s solar auctions requiring domestically sourced PV equipment is low, with just one player bidding in the latest 50MW Domestic Content requirement (DCR) tender in the state of Maharashtra, according to consultancy firm Bridge to India.