The Solar Energy Corporation of India (SECI)’s 2 GW inter-state transmission system (ISTS)-connected grid-connected solar photovoltaic (PV) tender has been oversubscribed by 1.8 GW, highlighting the voracious appetite of developers in India to win large-scale solar projects.
According to a SECI official, bids totaling 3,800 MW were received in response to this tender.
“In all, 10 bidders had submitted their technical bids. ReNew Power bid for 250 MW, SBG Cleantech bid for 600 MW, Fortum bid for 250 MW, Hero bid for 250 MW, Adani bid for 500 MW, Shapoorji Pallonji bid for 250 MW, Mahindra Susten bid for 250 MW, Eden bid for 250 MW, Azure Power bid for 600 MW and ACME bid for 600 MW,” the SECI official told Mercom.
The financial bids will be held soon, added the SECI official. SECI had tendered the capacity in January 2018.
Of late, large-scale projects have begun to garner an increasing amount of interest by developers in face of hyper competition in the industry.
Before this oversubscribed SECI tender, it had also received technical bids totaling more than 8,500 MW for tendered capacity of 750 MW at the Bhadla Solar Park in Rajasthan. The tender was oversubscribed by 12 times.
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Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.