Indian State Of Odisha To Float 500 MW Solar Tender
Originally published on PlanetSave.
Odisha will soon join the long and rapidly expanding list of Indian states that have launched or are planning to launch solar power tenders.
The Odisha Renewable Energy Development Agency (OREDA) will soon float tenders for large-scale solar power projects. Two tenders of 450 MW and 50 MW will be offered for interested developers to bid on. The projects will be set up with a target to help the state utility meet its renewable purchase obligation.
The projects will be developed under Phase II Batch IV of the National Solar Mission, wherein prospective project developers will receive viability gap funding. The government aims to develop at least 5 GW of solar parks under this scheme.
Last year, the state government announced plans to set up a 1 GW solar park. The capacity will be built in clusters at an estimated cost of Rs 6,500 crore (US$1 billion). The planned tenders may well be part of this solar power park.
Recently, the central government increased the target for the solar share of total electricity consumption from 3% to 8% by 2022. Subsequently several state governments increased their own solar capacity addition targets, and announced plans to launch more solar tenders.
Incidentally, Odisha was among the first Indian states to auction solar projects specifically to meet the renewable energy obligation. A few years ago it had auctioned a 5 MW solar project which could be considered as the stepping stone of the steep fall in solar PV tariff bids that followed, and continue to-date. The project was won by a company at a record-low tariff of Rs 7.00/kWh (US¢11/kWh).
Reprinted with permission.
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