India

India

India cancels 2GW auction round

INDIA: The Solar Energy Corporation of India (SECI) has annulled a 2GW tender after receiving only 1.2GW bids.

Since early 2017 India has seen nearly 7.5GW of capacity procured through auctions (pic Regen Power Tech)
Since early 2017 India has seen nearly 7.5GW of capacity procured through auctions (pic Regen Power Tech)

The latest 2GW round was launched in May.

Unlike previous federal tenders that were oversubscribed, the latest tender bids were underwhelming.

ReNew Power, Sprng Energy (a subsidiary of invesment firm Actis), Alfanar Energy and Adani Green had each bid 300MW in the tender.

The main reason for the lack of response is the limited grid access available to wind power projects in the central transmission grid, as Windpower Monthly reported in early August.

In place of the 2GW bid capacity, SECI has retendered for 1.2GW. The deadline for the revised tender is 24 August.

In the face of these challenges, there is speculation that the next tender round of 2.5GW may also be delayed or annulled.

Since early 2017, India has seen nearly 7.5GW of capacity procured through auctions.

Click here for more more information about tenders around the world using our new Tender Watch page

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