India’s leading solar region has been forced to apply the brakes to new solar with its power distribution companies having fulfilled their renewable purchase obligations for the next two years. Projects driven by federal agencies will continue, however.
For 1.2 GW tender, Karnataka Renewable Energy Development Ltd (KREDL) had received bids only for 550 MW capacity. KREDL has now retendered the remaining 650 MW grid-connected solar PV project to be installed at Pavagada Solar Park in Karnataka.
Karnataka’s Chief Minister Siddaramaiah inaugurated the Pavagada Solar Park in Karnataka last week.
The KREDL tender for a 55 MW solar project was won by a joint venture between Think Energy and EverStream Capital Management. The JV has also won 23.39 MW of rooftop capacity under a SECI auction.
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