The offtaker’s creditworthiness, the ease of land acquisition, infrastructure readiness, policy consistency and clarity, and access to low-cost funds are among the key determinants for the success of large-scale PV auctions in India, writes Uma Gupta in New Delhi.
The enlisted players will be invited to participate in the upcoming tenders for the installation of floating and ground-mounted solar power projects. April 6 is the deadline to submit applications for enlistment.
The nation is going to make great strides in new utility-scale solar installation this year after adding just about 2.6 GW in 2020.
The Indian engineering, procurement and construction contractor has secured orders to build two solar plants of 200 MW each in Gujarat. It has also won significant contracts for power transmission and distribution related work in Rajasthan, West Bengal, Tamil Nadu, and Arabian country Qatar.
The solar project—developed in the Amravati District of Maharashtra—uses 60,660 numbers of 330Wp polycrystalline PV modules and is expected to generate more than 78,600 MWh of power annually.
The Andhra Pradesh solar auction was oversubscribed by 8.5 GW, but the final prices are significantly higher than the INR 1.99-2.00/kWh record-low tariffs discovered in recent auctions.
The latest addition is the Indian multinational’s second project in Oman after a 125 MWp solar plant commissioned in June last year.
The selection of developers to set up 500 MW solar project capacity and supply power to the Gujarat Urja Vikas Nigam Ltd will be done through competitive bidding followed by reverse auction. Bidding closes on February 23.
The State, which is home to 750 MW Rewa Solar Park, has a cumulative 4,450 MW of new solar park capacity under construction in Agar, Shajapur, Neemuch, Chhatarpur, Omkareshwar and Morena districts.
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