Connect with us

Hi, what are you looking for?

CleanTechnica
Solairedirect, an international solar developer backed by French energy major Engie, is currently behind schedule for setting up a 250 megawatt solar power project in the Indian state of Andhra Pradesh as there are no buyers identified for the power to be generated.

Clean Power

Still No Takers For One Of India’s Cheapest Solar Projects

Solairedirect, an international solar developer backed by French energy major Engie, is currently behind schedule for setting up a 250 megawatt solar power project in the Indian state of Andhra Pradesh as there are no buyers identified for the power to be generated.

Solairedirect, an international solar developer backed by French energy major Engie, is currently behind schedule for setting up a 250 megawatt solar power project in the Indian state of Andhra Pradesh as there are no buyers identified for the power to be generated.

According to media reports, NTPC Limited — India’s largest power generation company and owner of the solar park where the 250 megawatt project is scheduled to come up — is still looking for final buyers of the electricity from the project. The project was allocated to Solairedirect in April of this year at a record-breaking tariff of Rs 3.15/kWh (4.8¢/kWh).

By convention, the power utilities of Andhra Pradesh were suppose to sign a power purchase agreement with NTPC to procure electricity from the project. However, these utilities have already contracted a large volume of solar power from the projects they themselves have auctioned under the state government’s policy; NTPC allotted the 250 megawatt project under the central government’s policy.

The two power utilities in Andhra Pradesh stated that they do not require any additional solar power at the moment as they have enough to meet their renewable purchase obligation, and that NTPC should look for new buyers. As a result, Solairedirect has been been officially awarded the project.

It is highly surprising that even after nearly six months NTPC has not been able to contract a buyer for the project, as the tariff of Rs 3.15/kWh (4.8¢/kWh) is one of the lowest solar power prices in India and is also cheaper than most of thermal power plants in India. The average tariff of thermal power plants owned by NTPC itself is Rs 3.20/kWh (4.9¢/kWh).

The development may also cast doubts over the future of the Kadapa solar power park development. According to the Solar Energy Corporation of India, Kadapa solar park will have an installed capacity of 1 gigawatt.

 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 

Advertisement
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

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

Comments

You May Also Like

Clean Power

Originally published on Future Trends. Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news...

Clean Power

Originally published on Future Trends. Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news...

Clean Power

Engie crossed the 1 gigawatt of installed solar power capacity milestone in India after commissioning a 200-megawatt project. According to media reports, a subsidiary...

Clean Power

Originally published on Future Trends. Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.