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Azure Power sole bidder again in India’s 10GW solar and manufacturing auction

2018/11/22 Source: Tom Kenning

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Solar Energy Corporation of India's (SECI) 10GW solar tender combined with 3GW of manufacturing has once again received a poor response from the industry with only local developer Azure Power submitting a bid.

The tender has been through mutliple delays and rethinks, with SECI having to converse with the industry to try to make the tender parameters more attractive for bidders, including a recent 10 paise hike on the proposed tariff.

Sources told PV Tech that Azure Power's bid was for a 2GW project on a single site as well as 600MW of manufacturing capacity. 

Azure has raised more than US$400 million from equity and debt financings since 30 June 2018.

SECI's hybrid wind and solar auction has also played out today.

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