State-run coal mining and power firm NLC India has auctioned a 20MW solar PV project to be combined with 28MWh of energy storage capacity in the Andaman and Nicobar Islands.
Tamil Nadu’s distribution company (Discom) awarded 1.5GW of solar to 18 companies in June, but it has now signed PPAs with just 16 of the companies, all of whom have agreed to lower their original tariff to the lowest bid in the auction.
The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has revealed the awards of its 1.5GW solar auction, with some surprises given the original bid results and capacities.
UPDATED: The Indian state of Tamil Nadu’s latest 1.5GW solar auction has received the lowest bids in the state so far with Raasi Green Earth winning 100MW of capacity with a tariff of INR3.47/kWh (US$0.054).
Although Tamil Nadu’s latest 1.5GW solar tender has seen significant oversubscription with 3,774.5MW of submissions, most of the key solar players in India have not participated.
India’s largest utility NTPC plans to set up 50MW of solar power projects combined with battery energy storage at Port Blair in the Andaman and Nicobar Islands.
Despite multi-Gigawatt solar plans, the ability of India’s public sector to compete in the PV market has been called into question by analyst firm Bridge to India.