Another 500 MW Solar Power Tender Floated In India

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

The Solar Energy Corporation of India is moving ahead with another solar power tender as it looks to achieve the highly ambitious targets set by the government of India.

The Solar Energy Corporation of India (SECI) has floated a tender of 500 MW of solar photovoltaic power projects under the National Solar Mission. The tender is part of the Phase II Batch III of the National Solar Mission which pertains to projects commissioned through the viability gap funding route.

Project developers shall set up the projects in the southern state of Andhra Pradesh and will be allowed to bid for units of 50 MW capacity each. The developers will, however, not be bidding for tariffs, but rather for capital cost assistance that they will require from the government. The developer that quotes the lowest bid for assistance required will be selected first.

The Ministry of New & Renewable Energy recently lowered the tariff at which these projects shall sell power to the SECI. At least 2 GW of solar power capacity will be auctioned through the viability gap funding route and selected projects will receive Rs 4.43 per kWh (US¢6.82 per kWh).

The tariff has been reduced, keeping in view with the rapidly falling capital cost requirement and increasing competitiveness among project developers.

Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Latest CleanTechnica TV Video

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it!! So, we've decided to completely nix paywalls here at CleanTechnica. But...
Like other media companies, we need reader support! If you support us, please chip in a bit monthly to help our team write, edit, and publish 15 cleantech stories a day!
Thank you!

CleanTechnica uses affiliate links. See our policy here.


An avid follower of latest developments in the Indian renewable energy sector.

Saurabh has 1037 posts and counting. See all posts by Saurabh