India Sees Lowest Ever Tariff Bids For Domestic Content Solar Projects

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Originally published on CleanTechies.

Even as India lost review of an earlier WTO decision that found mandatory use of Indian-made solar equipment against international norms, leading project developers in the country placed the lowest-ever bids for projects based on the domestic content requirement.

Solar Energy Corporation of India (SECI) auctioned off two solar projects at one of the largest solar parks in the country. Tata Power Renewable Energy and Adani Green Energy secured rights to develop projects of 50 MW in capacity each. The projects will form part of the Pavagada solar park in Karnataka.

Both the projects are required to use only Indian-made solar equipment, including modules. The companies placed bids of less than Rs 5.00/kWh (US¢7.5/kWh), the lowest-ever for projects auctioned under the Domestic Content Requirement scheme.

The Pavagada solar park is still in its very initial stages of development. While a total capacity of 5 GW has been proposed, plans for only 2 GW have been shared in the public so far.

NTPC auctioned 500 MW of capacity for the solar park. The capacity was allocated to six developers who are free to choose Indian or imported solar modules for their projects. Adani Power, Tata Power Renewable Energy, and Fortum India secured 100 MW of capacity each at a tariff of Rs 4.79/kWh (US¢7.9/kWh).

Reprinted with permission.

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

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