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solar auction

The long read: The feasibility of India’s solar auctions

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.

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Azure closes financing for 300 MW of PV, signs 415 PPAs

Azure Power has announced the early closing of a financing deal worth INR 4 billion (around US$58 million) for a 100 MW solar plant in the Indian state of Karnataka; and INR 6 billion (around $88 million) for a 200 MW solar power plant in Rajasthan. It also signed 415 rooftop solar PPAs in Madhya Pradesh.

500 MW Gujarat solar tender oversubscribed 4 times

Gujarat Urja Vikas Nigam Limited (GUVNL)’s re-tender of the annulled 500 MW grid-connected solar PV tender has been oversubscribed by almost four times. Technical bids aggregating 1,925 MW have been submitted against the tendered capacity of 500 MW.

CEL announces 120 MW PV tender

Central Electronics Limited (CEL) has announced a 120 MW solar PV tender for the installation of various projects ranging from 500 kW to 3 MW in size. CEL has simultaneously released three more tenders related to solar cells and 100 kW PV installations on railway coaches.

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