The Indian state of Uttar Pradesh has drawn lowest bids of more than 3 rupees per unit for its latest 500MW solar auction, but these were still significantly lower than tariffs from its 1GW auction that was annulled over the summer.
The lowest bid quoted in Indian state-run utility NTPC’s auction for 2GW of interstate transmission system (ISTS)-connected solar was INR2.59/kWh (US$0.037), a 14 paisa rise from the L1 tariff in the most recent 2GW PV auction in India.
Softbank's joint venture, SBG Cleantech has caught the eye by submitting a technical bid for the full 2GW capacity available in an Interstate Transmission System (ISTS)-connected solar tender from Indian state-run utility NTPC.
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.
NTPC tenders for energy storage combined with 30MW of new and existing solar in Andaman and Nicobar islands, Mahindra closes financing on 250MW Rewa solar project with Yes Bank, Vikram Solar commissions 100kW rooftop solar project for Indian Oil Corporation.