Published on February 1st, 2014 | by Zachary Shahan0
750 MW Indian Solar Auction Receives Bids Totaling 2,170 MW
India’s national solar mission (JNNSM) recently saw its second phase of project bidding close. The auction was for 750 MW worth of projects, but the competing bids totaled 2,170 MW.
In total, there were 68 bids from 58 developers for 122 projects.
The maximum capacity that can be allocated to a single developer is 100 MW, but several large developers put in bids for well over 100 MW:
- ACME — 200 MW
- Azure Power — 200 MW
- SunEdison — 150 MW
- Welspun — 160 MW
The winning projects for this phase have not yet been announced. They are supposed to be announced on February 20.
The next auction will reportedly be for 1,000 MW worth of solar projects. It is supposed to be announced in May 2014.