Bidders can pitch for up to 300 MW of generation capacity per project with the deadline for proposals on February 4. The eighth tranche of inter-state transmission system program capacity offered by the Solar Energy Corporation of India comes with a solar energy price ceiling of Rs2.78/kWh.
The NYSE-listed developer will set up a 500 MW cell and module production line as its manufacturing commitment under the SECI tender. The tender aimed to secure 2 GW of new annual manufacturing capacity by offering 7 GW of power project permits. Azure has an agreement with an Indian solar panel manufacturer to jointly establish the new production facilities with the developer holding a majority stake in the enterprise.
The Indian developer will hold majority 51% equity in the joint venture, while the balance will be held by GS E&C. The project is part of the capacity auctioned by Solar Energy Corporation of India (SECI) under its tranche-IV earlier this year.
The Solar Energy Corporation of India shall enter into a 25-year power purchase agreement (PPA) with the developers that can set up the projects anywhere in India on “build own operate” basis.
A new series of tweaks by the Solar Energy Corporation of India appear to have paid off, as the organization’s ambitious manufacturing-linked 7 GW solar tender has reportedly ended up oversubscribed by 1 GW.
The manufacturing linked ISTS tender may face a ‘no bid’ situation even with amendments and bidding extensions, industry insider Gopal Lal Somani tells pv magazine as he explains the major reasons for developers’ cold response to some of the recent tenders.
The decision is likely to push upstream solar manufacturing in India, which currently has negligible wafer and cell production capacity to meet domestic content requirements for government projects.
The ISTS connected projects—to be developed on ‘build-own-operate’ basis—can be set up anywhere in India for round-the-clock power supply to New Delhi Municipal Council and Dadra & Nagar Haveli. December 3 is the last date for bidding.
The disparity between central and state government renewables policies must be resolved and renegotiating signed PPAs is an absolute no-no, according to the solar business’ bosses.
The latest blow in the political battle between clean energy project developers and an anti-renewables state government has seen the electricity regulator order power distribution companies to honor PPAs signed after a public tender.
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